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NEPSE Records Marginal Losses as Sonapur Minerals Leads Turnover
The Nepal Stock Exchange (NEPSE) Index recorded a decline of 11.27 points, equivalent to 0.59%, compared to the previous day’s closing, settling at 1,896.67 points. In contrast, the day before had seen a notable gain of 47.75 points for the index. The trading session commenced with the index opening at 1909.97 and experiencing an intraday […]
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Kumari Bank Initiates Auction of 91,638 Promoter Shares for Existing Shareholders
The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 91,638 units of shares, inviting interest from existing promoter shareholders starting today. Lila Bahadur Gurung aims to sell this block of promoter shares to fellow existing promoters, and interested parties are encouraged to participate in the auction within the next 35 days […]
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Gold Price Rises by Rs. 600 per Tola, Silver also Witnesses Increase in Nepal’s Market
The price of the precious metal gold has experienced an increase of Rs. 600 per tola compared to the trading price on Friday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) today, fine gold is valued at Rs. 1,16,900 per tola, while tejabi gold is priced at Rs. 116,350. In […]
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Government Utilizes 10.2% of Development Capital Amidst Sluggish Revenue Collection
As the current fiscal year reaches its midway point with four and a half months passed, the government’s utilization of its development capital remains relatively modest at 10.2%. According to the Financial Comptroller General Office, the government has disbursed Rs 30.27 arba for the ongoing fiscal year, with an additional Rs 3.20 kharba allocated for […]
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US Dollar Reaches Record High Against Nepali Rupee, Impacting Imports and State Loans
The US dollar has recently attained its highest value against the Nepali rupee, reaching a new record of Rs. 133.68 last Wednesday and continuing to rise. The latest statistics from Nepal Rastra Bank on this Sunday indicate a slight increase, with the current rate standing at Rs. 133.70, marking a 2-paisa uptick from the previous […]
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NEPSE Index Surges 2.56%, Marks Highest Level in 1.5 Months with Robust Turnover
The Nepal Stock Exchange (NEPSE) Index demonstrated a substantial gain of 47.75 points, equivalent to 2.56%, compared to the previous day’s closing, reaching a closing figure of 1,907.95 points. The preceding trading day had already seen a gain of 9.87 points for the index. Notably, this marks the highest index level recorded by NEPSE in […]
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Nepal’s Government Records Revenue of Rs. 84.75 Billion from Alcohol and Cigarette Sales in the Past Fiscal Year
During the last fiscal year, the Internal Revenue Department (IRD) of Nepal reported that the government accrued a total revenue of Rs. 84.75 Billion from the sales of alcohol and cigarettes. This revenue distribution comprises Rs. 26.22 Billion from cigarettes, Rs. 25.92 Billion from alcohol, and Rs. 32.61 Billion from beer. The source of this […]
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Unnati Sahakarya Laghubitta FPO Allotment Concluded, Oversubscribed by Over 65 Times
The FPO allotment process of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) was successfully concluded today at the offices of the issue manager, Siddhartha Capital Limited, in Kathmandu. During the FPO issuance from 21st to 24th Kartik, 2080, Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) had released 1,78,451.18 units of FPO shares at a par […]
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Kumari Bank Limited Promoters Auction 5,392 Shares to the Public
The current promoter of Kumari Bank Limited (KBL) has initiated the auctioning of 5,392 units of shares to the general public starting today. Lok Maya Gurung and Tika Ram Sapkota, existing promoters of the bank, are respectively selling 2,305 units and 3,087 units of their promoter shares to interested individuals. Prospective buyers are invited to […]
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Nepal’s Internal Revenue Collection Costs Rise to 3.38 Paisa per 1000 Rupees in FY 2079/80
In the fiscal year 2079/80, the Nepalese government conducted a cost analysis, revealing that it incurred a cost of 3.38 paisa to collect 1000 rupees of internal revenue. This analysis was conducted by the Internal Revenue Department (IRD), which reported a total revenue of Rs 4.79 kharba for the year. The departments and subordinate offices […]
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