Tag: Form

  • Citizen Investment Trust reports 26.15% increase in net profit for Q3 FY 2079/80

    Citizen Investment Trust reports 26.15% increase in net profit for Q3 FY 2079/80


    Citizen Investment Trust (CIT) has released its unaudited report for the third quarter of the fiscal year 2079-2080, showing a significant increase in net profit. The company recorded a net profit of Rs. 77.79 crores, marking a 26.15% increase from the corresponding quarter of the previous year.

    During this quarter, CIT made investments amounting to Rs. 2.12 Kharba, which is a 13.02% increase compared to the relevant quarter of the previous year. According to the report published by the company, the paid-up capital currently stands at Rs. 4.25 Arba. However, the share premium of the company decreased by 77.56% and now stands at Rs. 28.38 crores.

    The earnings per share (EPS) for CIT during this quarter was Rs. 24.40 on an annualized basis. Additionally, the company reported a Return on Investment (ROI) of 9.67% and a price-to-earnings (P/E) ratio of 85.65 times for the third quarter of FY 2079/80. Overall, this unaudited report suggests that CIT has performed well in this quarter, with notable growth in net profit and investments.

  • Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) lists 16.83 lakh unit bonus shares on NEPSE following 21% dividend approval

    Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) lists 16.83 lakh unit bonus shares on NEPSE following 21% dividend approval


    Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) has listed 16,83,255 unit bonus shares on NEPSE. The decision was made after the company’s 21st Annual General Meeting (AGM) held on 19th Falgun, where a dividend of 21.05% worth Rs. 23.62 crores for the fiscal year 2078/79 was approved. This return was based on the paid-up capital of Rs. 1.12 Arba. The company’s board of directors had proposed a 15% bonus share and a 6.05% cash dividend (including tax) worth Rs. 16.83 crores and Rs. 6.79 crore, respectively, during the 403rd meeting held on Poush 27.

    Following the announcement, the bonus shares of SWBBL were made available for trading on NEPSE. The microfinance company had closed at Rs. 745 as of the previous day’s market close. This decision to distribute bonus shares is expected to benefit the company’s shareholders and attract potential investors. SWBBL’s positive financial performance and its commitment to providing attractive returns to its shareholders are evident in this news.

    SWBBL’s listing of bonus shares on NEPSE is a result of the company’s 21st AGM, where a dividend of 21.05% worth Rs. 23.62 crores was approved. The company’s board of directors proposed a 15% bonus share and a 6.05% cash dividend (including tax) worth Rs. 16.83 crores and Rs. 6.79 crore, respectively. The decision to distribute bonus shares indicates the company’s strong financial performance and its efforts to benefit its shareholders and attract potential investors.

  • SEBON Approves 75% of Himal Dolakha Hydropower Right Shares; Company to Issue 1.20 Crore Right Shares Soon

    SEBON Approves 75% of Himal Dolakha Hydropower Right Shares; Company to Issue 1.20 Crore Right Shares Soon


     

    The Securities Board of Nepal (SEBON) has accepted Himal Dolakha Hydropower Company Limited’s (HDHPC) rights selling proposal for Baisakh 12, 2080.

    The hydroelectric business would issue 75% right shares at Rs. 1.20 Arba to its current shareholders in the form of 1,20,00,000 (1: 0.75) units of right shares. The company’s current paid-up capital is Rs. 1.60 Arba. As a result, following the issuance of the right share in the ratio of 1:0.75, the company’s paid-up capital would be increased to Rs. 2.8 Arba.

  • Support Laghubitta’s Q3: Net Profit decreased by 42.33% to Rs 63.32 Lakhs, NPL decreased by 3.25%, and EPS decreased by 8.86%.

    Support Laghubitta’s Q3: Net Profit decreased by 42.33% to Rs 63.32 Lakhs, NPL decreased by 3.25%, and EPS decreased by 8.86%.


    Support Laghubitta Bittiya Sanstha Limited (SMB) has issued its unaudited financial report for Q3 of FY 2078/79, with a net profit of Rs 63.32 Lakhs, a decrease of 42.88%. Microfinance had a net profit of Rs 1.75 crore in the prior year’s similar quarter.

    It has received Rs 28.78 Crore in deposits, Rs 98.04 Crore in borrowings, and Rs 1.39 Arba in loans. The company’s paid-up capital is Rs 9.52 crore, and it has a reserve of Rs 3.65 crore.

    Net interest income was Rs 4.52 crore in the third quarter, down from Rs 5.42 crore in the previous year’s equivalent quarter. Operating earnings fall 65.7% to Rs 60.35 Lakhs.

  • List of Bank Holidays in Nepal 2080

    List of Bank Holidays in Nepal 2080


    The central bank of Nepal, Nepal Rastra Bank, has recently unveiled the annual bank holiday schedule for the period of 2080 BS, which spans from April 14, 2023 to April 12, 2024. This comes in response to the government’s decision to permit essential service-providing institutions, such as banks, to operate on specific public holidays as declared by the government. The notice from NRB outlines the bank holidays during which Nepalese banks will remain closed, while also indicating that partial banking services, including cash transactions, will be available on certain dates marked with an asterisk (*). This information is aimed at providing clarity to the public and businesses regarding the operational status of banks during the designated holidays.

    No. List of Holidays Date
    1 New Year April 14, 2023
    2 Labour Day May 1, 2023
    3 Buddha Jayanti/Ubhauli/Chandi Purnima* May 5, 2023
    4 Republic Day* May 29, 2023
    5 Gaura Parva (Only for the region or culture celebrating the festival) August 24, 2023
    6 Raksha Bandhan/Gai Jatra* August 31, 2023
    7 Krishna Janmashtami* September 6, 2023
    8 Tij (Only for women) September 18, 2023
    9 Constitution Day September 20, 2023
    10 Indra Jatra* (Only in the Kathmandu valley) September 28, 2023
    11 Jitiya Parva (Only for women celebrating the festival) October 7, 2023
    12 Ghatasthapana* October 15, 2023
    13 Dashain (Phulpati-Dwadashi) October 21-26, 2023
    14 Phalgunanda Jayanti (Only for the followers of Kirat religion) November 11, 2023
    15 Tihar November 12-16, 2023
    16 Chhath November 19, 2023
    17 Guru Nanak Jayanti (Only for the Sikhs) November 27, 2023
    18 International Disability Day (Only for the staff with disabilities) December 3, 2023
    19 Christmas* December 25, 2023
    20 Udhauli/Yomari Punhi/Jyapu Diwas* December 26, 2023
    21 Tamu Lhosar* December 31, 2023
    22 Prithvi Jayanti/National Unity Day* January 12, 2024
    23 Maghi/Maghe Sankranti* January 15, 2024
    24 Sonam Lhosar* February 10, 2024
    25 People’s War Day* February 13, 2024
    26 Democracy Day* February 19, 2024
    27 Mahashivaratri/Women’s Day* March 8, 2024
    28 Gyalpo Lhosar* March 11, 2024
    29 Phagu Purnima March 24, 2024 (Hilly and mountainous districts)
    March 25, 2024 (Plain districts)
    30 Ghodejatra* (Only in the Kathmandu valley) April 8, 2024
    31 Machhindranath Bhoto Jatra* (Only in the Kathmandu valley) Date to be announced by the government
    32 Eid al-Fitr* Date to be announced by the government
    33 Bakra Eid/Eid al-Adha* Date to be announced by the government
    34 Siruwa Pawani (Only in Jhapa, Morang, Sunsari, Siraha and Saptari) Date to be announced by the government
    35 Mohammad Jayanti (Only for the Muslims) Date to be announced by the government
  • ‘Himalayan Stock Exchange’ applied for license of new stock exchange

    ‘Himalayan Stock Exchange’ applied for license of new stock exchange


    “Himalayan Stock Exchange” has applied for a license to the Nepal Securities Board for a new stock exchange. The application has been filed by Himalayan Stock Exchange, which has been established with the participation of prominent business families in Nepal, including Shankar Group, along with the largest industrial houses in Nepal such as Shekhar Golchha of Nepal Chamber of Commerce and Industry, former presidents of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Pashupati Murarka, Rajendra Khetan of Khetan Group, Satish Lal Mor of Lucky Group, Vivek Dugar of Dugar Group, Shourabh Jyoti of Jyoti Group and other major traders and business houses. This is the first application for a stock exchange license by Himalayan Stock Exchange.

    The application has been filed by Himalayan Stock Exchange, along with investment from Rohit Gupta, Ashish Shrestha, Juni Gurung, and Deepak Bhatta.

    The deadline for applying for a license for the commodity exchange (Commodity Exchange) along with the stock exchange is until 10th Baisakh, 2079 (April 22, 2023). So far, only one application has been submitted under the name of Himalayan Stock Exchange.

    Similarly, there has been no application filed until Friday for the commodity exchange. The applications for the stock and commodity exchanges are separate.

     

  • Federal Reinsurance Brokers Limited enters an agreement with the Banking Finance and Insurance Institute of Nepal to strengthen the insurance sector’s capability.

    Federal Reinsurance Brokers Limited enters an agreement with the Banking Finance and Insurance Institute of Nepal to strengthen the insurance sector’s capability.


     

    On April 13, 2023, Federal Reinsurance Brokers Limited and Banking Finance and Insurance Institute of Nepal Limited signed a Memorandum of Understanding (MOU) to form a long-term strategic alliance in the areas of training, research, and consulting for the insurance sector’s capacity development. Ms. Alpana Sharma, Company Secretary, and Mr. Saurav Baral, Research Analyst of FRBL, and Ms. Nishu Bhagat, Manager, and Mr. Matiram Paudel, Account and Admin Officer of BFIN, signed the Memorandum of Understanding.

     

  • SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations

    SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations


    The Securities Board of Nepal (SEBON) has issued a notice to eligible institutions requiring them to apply for a Commodities Exchange Market Operation license and a Stock Exchange Operation license within 10 days.

    To provide investors with market access, enable commodity price innovation, and provide investors with alternative investment instruments to preserve price stability, a commodities exchange market that is investor-friendly, competitive, worldwide in scope, and competent is required.

    In order to run the commodities exchange market under the rules, guidelines, and other applicable regulations, those who seek to form a limited liability company in compliance with the prevailing legislation must first get board permission.

     

  • Nothing Phone 1 is Launching in Nepal – Exclusively on Daraz

    Nothing Phone 1 is Launching in Nepal – Exclusively on Daraz


    Nepal’s leading e-commerce platform, Daraz, has announced the exclusive launch of the “Nothing Phone 1” in Nepal on April 11. The Nothing Phone 1 is the first product from the new technology venture “Nothing,” founded by the co-founder of OnePlus, Carl Pei. This much-anticipated smartphone will be available exclusively on Daraz for Nepalese customers.

    The Nothing Phone 1 is an exceptional smartphone that stands out in terms of design, features, and innovation. This phone has a sleek and elegant design with a transparent back panel, giving it a futuristic and premium look. The Nothing Phone 1 is equipped with a 6.67-inch Full HD+ AMOLED display, providing an immersive viewing experience with rich colors and sharp details. The phone’s display also has a 120Hz refresh rate, making it perfect for gaming and smooth scrolling.

    The phone is powered by a Qualcomm Snapdragon 870 processor, which provides lightning-fast performance and efficient power consumption. The Nothing Phone 1 is available in two variants: 8GB RAM with 128GB storage and 12GB RAM with 256GB storage. The phone runs on Android 11 with a custom skin called “Nothing UI,” which is designed to provide a clean and simple user interface.

    One of the most exciting features of the Nothing Phone 1 is its camera setup. The phone has a triple-camera setup, including a 64-megapixel primary camera, a 12-megapixel ultra-wide-angle lens, and a 5-megapixel macro lens. The phone’s camera is also equipped with several AI features, including AI scene detection, AI beautification, and more.

    The Nothing Phone 1 also has a large 4,500mAh battery with support for 65W fast charging, which allows you to charge the phone from 0% to 100% in just 35 minutes. The phone also has support for 5G, making it future-proof and ready for the next generation of mobile networks.

    The anticipated cost of the 8/128GB version of the Nothing Phone (1) in Nepal is approximately Rs. 55,999. Meanwhile, the Indian market offers the same variant starting at INR 32,999, with the 8/256GB option priced at INR 35,999 and the top-of-the-line 12/256GB variant at INR 38,999. This phone comes in two color options, Black and White. The Nothing Phone (1) is set to arrive in Nepal via Daraz on April 11th, and we anticipate that the smartphone will be more reasonably priced.

  • National Life Insurance has released new bonus rates, with a maximum bonus of Rs 85 per Rs 1000 insured amount.

    National Life Insurance has released new bonus rates, with a maximum bonus of Rs 85 per Rs 1000 insured amount.


     

    National Life Insurance Company has announced bonus rates ranging from Rs 63 to Rs 85 per Rs 1000 for its insured customers.

    According to the information, the company will offer a Rs 63 bonus for up to 9 years of life insurance, Rs 64 for 10 to 20 years, Rs 70 for 21 to 25 years, and Rs 85 for 26 years and above per Rs 1000 of insured amount. According to the media statement, the company will also provide Rs 64 for up to 9 years of term insurance and full life insurance, Rs 64 for 9 to 20 years, Rs 70 for 21 to 25 years, and Rs 85 for 26 years and above.