Economy
SEBON Adds Reliance Spinning Mills and Swastik Laghubitta Sanstha IPO Shares to Pipeline
Reliance Spinning Mills Ltd.’s Initial Public Offering (IPO) has been submitted to SEBON’s IPO pipeline for approval. The company plans to offer 1,155,960 unit shares to the public, aiming to raise Rs. 94.88 crore. These shares will be priced at Rs. 820.80 each for general investors. The IPO will be conducted using the book-building method. […]
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NICL’s Investment Income Boosts Net Profit Growth by 232.33%; EPS Reaches Rs. 60.55
Nepal Insurance Company Limited (NICL) has released its report for the second quarter of fiscal year 2080/81, showing a significant rise in net profit by 232.33%. The company earned a net profit of Rs. 49.77 crores compared to Rs. 14.97 crores in the same quarter of the previous fiscal year. Moreover, NICL has also increased […]
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Banks are reducing Interest rates AGAIN!!!
Is this decrease in Interest rates done so that the NPL does not rise by a huge amount? I mean, a person taking a loan has to pay less interest, and thus the cost of converting that loan to a NPL is less. Or is there a specific reason?Like, who would keep an FD at […]
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Bhagawati Hydropower’s Q2 Earnings Surge 23.26%; Long-Term Debt Cleared, Revenue Rises 13.31%
Bhagawati Hydropower Limited (BGWT) has announced a net profit of Rs. 3.77 Crores in the second quarter (Q2) of the current fiscal year 2080/81, marking a 23.26% increase from the same quarter last year when it was Rs. 3.06 crores. Notably, the company has successfully paid off its long-term loans, resulting in no long-term debt […]
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Sanima Reliance Life Insurance’s Q2 Net Profit Surges 96.48%; Life Insurance Fund at Rs. 12.69 Cr
Sanima Reliance Life Insurance Limited (SRLI) has posted a significant 96.48% rise in its net profit for the current quarter, reaching Rs. 21.97 crore, compared to Rs. 11.18 crore in the same quarter last year. SRLI’s paid-up capital stands at Rs. 4.18 Arba, with retained earnings of Rs. 92.15 Crores, Rs. 2.42 Crores in other […]
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Himalayan Reinsurance Proposes 80% Right Shares Post Bonus Adjustment
Himalayan Reinsurance Limited (HRL) has scheduled its 3rd Annual General Meeting (AGM) for the 20th of Falgun, 2080, to be held at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 11:00 AM. One of the key agendas of the AGM is the approval of a 4.21% dividend for the fiscal year 2079/80. During the […]
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Himalayan Everest Insurance Distributes Cash Dividend to Shareholders’ Bank Accounts
Himalayan Everest Insurance Limited (HEI) is distributing a 6.37% cash dividend starting today directly to the bank accounts and DEMAT accounts of its shareholders. Shareholders are encouraged to dematerialize their shares. Additionally, 8.63% bonus shares will be distributed directly to DEMAT accounts after listing in NEPSE. The insurance company held its 30th Annual General Meeting […]
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Gold Price Drops by Rs. 500 Per Tola in Nepalese Market; Silver Stable
The price of fine gold has dropped by Rs. 500 per tola, according to the latest update from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Currently, fine gold is trading at Rs. 1,18,000 per tola, down from yesterday’s closing rate of Rs. 1,18,500 per tola. Similarly, Tejabi gold is now priced […]
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Soaltee Hotel Limited Q2 FY 2080/2081: Net Profit Rs. 26.31 Crores, 9.44% Revenue Growth
Soaltee Hotel Limited (SHL) reported an impressive net profit of Rs. 26.31 crores in the second quarter of the fiscal year 2080/2081, marking a significant increase from Rs. 25.14 crores in the same period last year. During this quarter, the company’s total revenue saw a notable rise of 9.44%, reaching Rs. 1.05 Arba, compared to […]
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Citizen Life Insurance to End Lock-in Period for 434,906 Mutual Fund Shares by Falgun 27
Citizen Life Insurance Company (CLI) has notified its investors and stakeholders regarding the upcoming end of the lock-in period for 434,906 unit shares held by Mutual Funds. As per the recent directives from the Securities Board of Nepal (SEBON), this lock-in period, which began on Kartik 20, 2080, will conclude on the 27th of Falgun, […]
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