In the recently released financial report for the first quarter of fiscal year 2080/81, Himalayan Distillery Limited (HDL) revealed a substantial 51.24% decline in net profit, dropping to Rs 10.51 crore from Rs 21.5 crore in the corresponding quarter of FY 2079/80. The company faced a notable downturn in revenue, experiencing a 29.70% decrease to […]
Api Power Company Limited (API) has successfully listed 1,65,33,137 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued a 1:0.4 ratio right share to its shareholders, allowing them to apply for these shares from the 31st of Shrawan to the 19th of Bhadra, 2080. Out of the total right
Shine Resunga Development Bank Limited (SHINE) has announced its 15th Annual General Meeting (AGM) scheduled for the 23rd of Mangsir, 2080. The venue for the meeting is set at Dreamland Gold Resort & Hotel Pvt. Ltd. in Manigram, Rupandehi, commencing at 11 a.m. on the specified day. One of the key items on the AGM
Miteri Development Bank Limited (MDB) has put forward a dividend proposal for the fiscal year 2079/80, suggesting a dividend payout of 10%. This proposal emerged following the deliberations of the 234th board of directors meeting, which took place on Kartik 22. The proposed dividend pertains to the paid-up capital of the bank, which stands at
The price of gold has witnessed a decline of Rs. 1,000 per tola as reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association. The current market rate for fine gold stands at Rs. 1,13,700 per tola, marking a notable drop from the previous day’s rate of Rs. 1,14,700 per
The current promoter of Prabhu Bank Limited (PRVU) is initiating an auction of 563,778 units of shares for interested individuals and institutions, starting from the 23rd of Kartik, 2080. These shares will be made available to the general public for bidding in the absence of offers from existing founder shareholders within the specified timeframe. Bidders
The Government of Nepal has declared a public holiday spanning from the 12th to the 30th of Mangsir to celebrate the Tihar festival. Additionally, a Chhath holiday is scheduled for the 3rd of Mangsir. This holiday period will lead to the temporary closure of the Nepal Stock Exchange Limited (NEPSE), with the secondary market reopening
In the initial three months of the fiscal year 2080/81, concluding at the end of Ashwin, the non-life insurance sector in Nepal achieved remarkable success by accumulating a substantial premium of Rs. 10.44 Arba. This impressive growth is outlined in a recent comprehensive report released by the Nepal Insurance Authority. The robust performance of the
The Nepal Stock Exchange (NEPSE) Index wrapped up the trading day with a decline of 11.85 points, representing a 0.63% decrease compared to the previous day’s closing figure. It’s worth noting that the previous trading session had witnessed a gain of 5.17 points for the index. The trading day kicked off with the index opening
The current promoter of Lumbini Bikas Bank Limited (LBBL) has initiated an auction of 2,00,639 units of shares, making them available for interested members of the general public and institutions starting today. Bil Bahadur Gurung and Bindu Kumar Thapa, the promoters of LBBL, are selling 1,46,748 units and 53,891 units of their promoter shares to
