Himalayan Reinsurance Limited reported a net profit of Rs. 4.63 crores for the fiscal year 2079/2080’s second quarter. The company’s net profit fell by 62.83% in the second quarter. In this quarter, the company’s paid-up capital was Rs. 7 Arba, while its reserve and surplus were Rs. 17.7 Crores. This quarter, the company earned Rs. […]
IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) sign a merger agreement, and the two companies will be combined using a 1: 1 swap ratio. IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) reached an agreement for the merger during a meeting of the Board of Directors on
Citizen Life Insurance Company Limited’s Initial Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval. The company intends to distribute 11,250,000 unit shares to employees and the general public. Employees will be issued shares at a par value of Rs. 100, while the general public will be issued shares at a price
Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has scheduled its 10th Annual General Meeting for the 28th Chaitra, 2079. The meeting will begin at 11:30 a.m. in Bijaya Bikas Srot Kendra, Gaidakot, Nawalparasi. Among the other items on the agenda, the AGM will approve a 21.0526% dividend of Rs. 6.73 crores for fiscal year 2078/79. On
The NEPSE index closed at 1,949.06 today, up 22.65 points from the previous trading day’s close. This represents a 1.18% increase. Yesterday, the index fell 6.90 points. Today, the index opened at 1,926.28 and closed at 1,925.41. In contrast, it reached a high of 1,949.17 before settling at 1,949.06.
Bindhyabasini Hydropower Development Company Ltd (BHDC) has launched 5,00,000 units of bonus shares on NEPSE. On 22nd Poush, the business had its 6th AGM and approved a 5.02632% dividend for fiscal year 2078/79. The board of directors resolved to issue the dividend on the paid-up capital of Rs. 1 Arba at its meeting on Mangsir
Gold prices are once again making news, since the value of gold reached an all-time high on March 19, 2023, i.e. today. Today’s gain is the consequence of a Rs. 2900 one-day increase from yesterday’s pricing. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at
Statistics reveals that commercial banks combined have achieved a total net profit of Rs. 36 Arba and 89 crores. Nabil Bank is the most profitable of the 22 commercial banks, with a net profit of Rs. 4 Arba and 13 crores. Similarly, NIC Asia Bank had a net profit of Rs. 3 Arba and 67 crores. Global
The NEPSE index finished at 1,926.40 today, down 6.90 points from the previous trading day’s close. This is a 0.36% decrease. Last Thursday, the index fell 5.32 points. The index began at 1,933.23 and reached an intraday high of 1,939.43 today. In contrast, it dropped as low as 1,922.22 before closing at 1,926.40. Through 30,775
Kantipur Television (KTV) is a private television station based in Kathmandu, Nepal. Kailash Sirohiya is the chairman and managing director. KTV, which debuted in July 2002, is licensed for both terrestrial and satellite transmission. Tinkune is the headquarters of Kantipur Television. On the 17th Chaitra, 2079, Kantipur Television Network Limited will hold its Special General
Following the merger, the institution’s name was changed to Manushi Shrijanshil Laghubitta Bittiya Sanstha Limited. Similarly, for the merger, an equal share swap ratio, i.e. a 1:1 swap ratio, has been finalized. For the merger process, a joint merger committee will be formed with 3/3 representatives from both organizations. The goal is to complete the
Today’s gold price has risen by Rs. 400 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 107,100 per tola. Yesterday, the rate remained unchanged at Rs. 106,700 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 106,600. In contrast,
