Tag: NC

  • Nepal Hydro Developer (NHDL) 5% Bonus Shares Listed on NEPSE

    Nepal Hydro Developer (NHDL) 5% Bonus Shares Listed on NEPSE


    Nepal Hydro Developer Limited (NHDL) has listed 1,59,965 unit bonus shares on the NEPSE.

    On Poush 29, the business had its 16th AGM for fiscal year 2078/79 and approved a 5.02632% dividend. The board of directors of the firm suggested a 5.02632% dividend from the paid-up capital of Rs. 31,99,30,000 at its meeting on the 11th of Mangsir 2079. There was a proposal for 5% bonus shares worth Rs. 1.59 crores and a 0.02632% cash dividend (including tax) of Rs. 8.41 lakhs. NEPSE now lists the same bonus shares.

    Yesterday, NHDL closed at Rs. 384.

     

  • NEPSE listing of bonus shares of Sagarmatha Insurance Company and Lumbini General Insurance Company

    NEPSE listing of bonus shares of Sagarmatha Insurance Company and Lumbini General Insurance Company


    The NEPSE has listed 16,53,699.96 unit bonus shares of Sagarmatha Insurance Company Limited (SIC).

    On 11th Falgun, the firm held its 26th AGM and approved a 13.0579% dividend for fiscal year 2078/79. The board of directors resolved to distribute 12.40% bonus shares and 0.6526% cash dividend on Rs. 1.33 Arba paid-up capital. NEPSE now lists the same bonus shares.

    Similarly, Lumbini General Insurance Company Limited (LGIL) has 9,17,644.50 unit bonus shares listed on NEPSE.

    On 11th Falgun, the business had its 18th AGM and approved a 6.99% bonus share worth Rs. 9.17 crore and a 0.3679% cash dividend worth Rs. 48.29 crore on a paid-up capital of Rs. 1.31 Arba for the fiscal year 2078/79.

  • The NEPSE Index rose 0.92% to settle at 1,905.68 points, with intraday turnover remaining at Rs 88.55 crores.

    The NEPSE Index rose 0.92% to settle at 1,905.68 points, with intraday turnover remaining at Rs 88.55 crores.


    The NEPSE index finished at 1,905.68 today, up 17.36 points from the previous trading day’s close. This is a 0.92% increase. Yesterday, the index rose 2.71 points.

    Today, the index began at 1,887.3 and closed at 1,885.17. In contrast, it reached a high of 1,905.73 before closing at 1,905.68.

    Through 27,766 transactions, 264 scrips changed hands. A total of 2,700,570 shares were traded, totaling Rs. 88.55 crores in turnover. This exceeds the previous trading day’s turnover of Rs. 75.13 Crores.

  • PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49

    PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49


     

    Prime Life Insurance Company Limited (PLIC) unit promoter shares have been converted to ordinary shares, bringing the company’s promoter-to-public share ratio to 51: 49.

    The company currently has 3,14,09,657 unit shares listed on NEPSE.Similarly, the shareholding structure of 60% promoters and 40% public has been altered to 51% promoter shares and 49% public shares.

     

  • The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.

    The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.


    On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.

     

     

  • The NEPSE Index Ends the Day with a 0.14% Gain; IPO Stock KDL Has Its First Red Day Ever

    The NEPSE Index Ends the Day with a 0.14% Gain; IPO Stock KDL Has Its First Red Day Ever


    The NEPSE index closed at 1,888.32 today, up 2.71 points from the previous trading day’s close. This represents a 0.14% increase. Yesterday, the index fell 18.80 points.

    Today, the index opened at 1,885.77 and closed at 1,875.14. In contrast, it reached a high of 1,891.87 before settling at 1,888.32.

     

  • 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
  • Today’s gold price in Nepal has dropped by Rs 900 per tola.

    Today’s gold price in Nepal has dropped by Rs 900 per tola.


    In the domestic market today, fine gold has lost Rs. 900 per tola, while tejabi gold has lost Rs. 850 from yesterday’s pricing.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading for Rs. 109,300 per tola. Yesterday, the cost remained unchanged at Rs. 110,200 per tola. Meanwhile, Tejabi gold is currently trading for Rs. 108,800. In contrast, the cost was kept at Rs. 109,650 per tola yesterday.

  • Karnali Development Bank reports a net profit of Rs 1.7 crores in the third quarter.

    Karnali Development Bank reports a net profit of Rs 1.7 crores in the third quarter.


    Karnali Development Bank Limited (KRBL) has released its unaudited quarterly report for the fiscal year 2079/80’s third quarter.

    The firm recorded a net profit of Rs. 1.7 crores, compared to a net loss of Rs. 1.92 crores in the same period last year.

    When compared to the same quarter last year, the company’s deposits fell by 2.11% to Rs.4.40 Arba, while loans and advances increased by 2.84% to Rs.3.39 Arba. The company’s CAR is now 10.20%, down from 11.12% earlier.

    The bank has Rs. 50.28 crore in paid-up capital. At this capital, the bank’s EPS is Rs. 4.60, and its net worth is Rs. 118.20.

  • ‘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.

     

  • Goodwill Finance’s net profit drops by 86.68%.

    Goodwill Finance’s net profit drops by 86.68%.


    In the third quarter ending Chaitra 2079 (FY79/80), Goodwill Finance Limited’s net profit plummeted by 86.68 percent to Rs 1.99 crore, compared to Rs 15 crore the previous year.

    The decrease in Net Profit is attributable to a variance in other operating income, which has decreased by 46.29% due to an increase in Impairment charges and staff expenditures in this quarter.

    In the third quarter, its net interest income (NII) increased by 57.73 percent to Rs 31.5 crore. Similarly, the Capital Adequacy Ratio (CAR) was 13.46 percent, with Earnings per Share (EPS) falling to 2.82 percent.