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Finance Minister Optimistic About 6% Economic Growth and Library Society's Challenges Addressed at Annual Meeting 1
Business | Market | Economy

Finance Minister Optimistic About 6% Economic Growth and Library Society’s Challenges Addressed at Annual Meeting

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Finance Minister Dr. Prakash Sharan Mahat expressed optimism about achieving a 6% economic growth rate, attributing it to the gradual recovery of the country’s economy. Speaking at the 20th annual general meeting of the Kathmandu Valley Public Library Society at Bhrikutimandap, Minister Mahat highlighted positive signs such as the increasing number of tourists, rising remittances, […]

All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir. 3
NEPSE NEWS

All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir.

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Kumari Capital Limited has released the NAV reports for Kumari Equity Fund (KEF), Kumari Dhanabriddhi Yojana (KDBY), and Kumari Sunaulo Lagani Yojana (KSLY) for the month of Mangsir, 2080. Kumari Equity Fund (KEF): Fund Size: Rs. 1 Arba NAV: Rs. 9.99 (Mangsir) | Rs. 9.41 (Previous Month) Investments: Rs. 73.65 crore in listed shares, Rs.

A Parliamentary Committee implements proactive measures to rectify irregularities in IPO premiums, lock-in periods, and enhance transparency in the stock market 5
NEPSE NEWS

A Parliamentary Committee implements proactive measures to rectify irregularities in IPO premiums, lock-in periods, and enhance transparency in the stock market

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In a recent parliamentary committee meeting, concerns were raised about life insurance companies issuing IPO shares at premium prices, potentially above standard values. Allegations of improper premium approvals prompted an investigation into possible misconduct and misuse of authority. Here are the key directives issued by the committee after discussions with relevant authorities: The absence of

Prabhu Capital's mutual funds announce an increase in Net Asset Value (NAV) and net profit for the month of Mangsir 11
NEPSE NEWS

Prabhu Capital’s mutual funds announce an increase in Net Asset Value (NAV) and net profit for the month of Mangsir

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“Prabhu Select Fund (PSF)” has released its Net Asset Value (NAV) report for Mangsir, showcasing an increase from Rs. 9.57 to Rs. 10.20 in the fiscal year 2080. This 7-year closed-end scheme, initially starting with a fund size of Rs. 1.25 Arba, has invested in listed shares, public issues, right shares, bonus shares, fixed deposits,

Ncell submits unsigned share purchase documents to Telecom Authority. 15
Tech & Telecom

Ncell submits unsigned share purchase documents to Telecom Authority.

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Ncell has submitted a share purchase document to the Nepal Telecommunication Authority without the required signature, according to Purushottam Khanal, Chairman of the Telecommunications Authority. During a session with the Parliament’s Technology Committee, Khanal revealed that the document lacked essential elements like a signature, seal, and stamp. The incident, occurring on the 13th of Last

Nepal Rastra Bank is managing excess liquidity through ongoing withdrawals from the banking system 19
Business | Market | Economy

Nepal Rastra Bank is managing excess liquidity through ongoing withdrawals from the banking system

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Amidst a surge in liquidity, the central bank is actively withdrawing deposits from banks and financial institutions, having withdrawn a substantial 105 arba rupees in the month of Poush alone. Despite these efforts, the average interest rate for deposits has moderately increased from 2.4784% to 2.8594% between Poush 1 and Poush 11. While managing liquidity,

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