Economics
“SEBON Adds 39.50 Lakhs IPO Shares of Daramkhola Hydro Energy to Pipeline”
Daramkhola Hydro Energy Limited has submitted an IPO proposal to SEBON (Securities Board of Nepal). The proposal outlines the issuance of 3,950,000 shares, with the aim of raising Rs. 39.5 crores for the company. This application was submitted on Bhadra 05, 2080. For the public offering, Laxmi Capital has been appointed as the issue manager. […]
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“NEPSE Weekly Summary: 2.92% Loss with Technical Analysis and Sector Comparison”
During this week, trading on the Nepal Stock Exchange (NEPSE) was limited to four days due to the Gai Jatra holiday on Wednesday. The NEPSE index closed at 1,932.45, reflecting a loss of 58.14 points, which amounts to a 2.92% decrease. In the previous week, the index had closed at 1,990.59, showing a 1.16% decline. […]
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“Government Permits 60% of Local-Level Funds as Bank Deposits”
The government is planning to allow 60 percent of the funds accumulated at the local level to be recognized as deposits. The Ministry of Finance has made this decision and is set to send a letter to the Nepal Rastra Bank on Friday. The Nepal Rastra Bank, starting today, is preparing to issue directives […]
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“Hathway Investment Nepal IPO Oversubscribed 8.75 Times, Collects Rs. 1.06 Arba in Three Days”
CDS & Clearing Limited (CDSC) has provided an update on the public IPO collection of Hathway Investment Nepal Limited as of 10 am on Bhadra 24. Hathway Investment Nepal Limited had initiated the issuance of 24,27,750 unit IPO shares, each with a face value of NPR 50, to the general public starting from Bhadra 21, […]
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“Advanced Automobiles Partners with Sanima Bank for Affordable Renault Vehicle Loans”
Advanced Automobiles, the official distributor of Renault in Nepal, has entered into an auto loan partnership with Sanima Bank. This collaboration comes as the festive season approaches and the highly anticipated NADA Auto Show draws near. The primary aim of this agreement is to offer vehicle loans to Nepali customers at reduced interest rates. The […]
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“Nepal Life Insurance Partners with Red Cross for Dudhkunda Health Camp”
Nepal Life Insurance, in collaboration with the Nepal Red Cross Society, conducted a free primary health camp at Dudhkunda in Solukhumbu district. This remote location sits at an elevation of 4,632 meters above sea level. The health camp was held from Shrawan 11 to 14, 2080, primarily aimed at providing essential medical services to pilgrims. […]
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“Nepal Finance Limited’s 40,245 Auctioned Right Shares Now Listed on NEPSE”
Nepal Finance Limited (NFS) recently added 40,245 units of right shares to the Nepal Stock Exchange (NEPSE). NFS had initially offered its existing shareholders a 1:0.70 ratio of right shares between the 6th to 26th Jestha, 2079. However, a substantial portion of these shares, totaling 11,36,716.187 units, remained unsold. To address this, NFS conducted […]
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Nepal and India Launch Cross Border QR Payments for Seamless Digital Transactions
Fonepay Payment Service Ltd, Nepal’s Largest Payment Network and NPCI International Payments Ltd (NIPL), the international arm of the of the National Payment Corporation of India, is now ready to launch the first Cross Border QR Payment between Nepal and India. This historic unveiling took place at the Global Fintech Fest 2023, a global gathering […]
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Samsung prepares to launch 5G technology in Nepal, aiming to provide fast and reliable mobile internet through the new network
Samsung, the leading smartphone brand in Nepal, has always brought innovation in mobile technology. They lead in foldable phones, 5G capabilities, and connected ecosystems. The major telecoms NTC and Ncell use different frequency bands across Nepal. Samsung supports all common bands like 900MHz 2G, 2100MHz 3G, and 1800MHz 4G. In 2020, Samsung first added support […]
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“Gold Drops by Rs.700 Per Tola, Silver Down Rs.35 Per Tola in Nepalese Market Today”
The price of fine gold has fallen by Rs. 700 per tola compared to Tuesday’s trading. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now valued at Rs. 1,12,000 per tola, while tejabi gold is priced at Rs. 111,450. In comparison, on Wednesday, fine gold was at Rs. […]
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