Tag: soar”

  • Nepal’s Cement and Clinker Exports Surge: Rs. 2.6 Arba in Seven Months; Magh Records Rs. 29 Crores

    Nepal’s Cement and Clinker Exports Surge: Rs. 2.6 Arba in Seven Months; Magh Records Rs. 29 Crores


    The Department of Customs has reported a significant increase in cement and clinker exports from Nepal to India, totaling Rs. 2.6 Arba during the first seven months of the current fiscal year (from Shrawan to Magh). This represents a notable 168% rise compared to the previous fiscal year’s exports of Rs. 77.93 crores. Leading this surge are key players in Nepal’s cement industry, including Palpa Cement, Arghakhanchi Cement, and Balaji Cement, actively contributing to the upward trend. Particularly impressive is the month of Magh, where exports reached Rs. 29 crores, showcasing the strong demand for Nepalese cement and clinker in the Indian market. Over the seven months, a significant amount of 21 lakh 47 thousand 345 tons of cement and clinker have been exported to India.

     

  • Gold and Silver Prices Surge in Nepal: Significant Increase of Rs. 600 per Tola

    Gold and Silver Prices Surge in Nepal: Significant Increase of Rs. 600 per Tola


    The cost of the precious yellow metal has risen by Rs. 600 per tola today in comparison to the trading price on Friday. As per the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading value for fine gold is Rs. 1,19,200 per tola, marking a Rs. 600 increase from Friday’s rate of Rs. 1,18,600 per tola.

    Similarly, Tejabi gold is now available at Rs. 118,650 per tola, showing a surge of Rs. 600 from its Friday price of Rs. 1,18,050 per tola.

    In addition to the gold prices, the price of silver has also seen an uptick of Rs. 20 per tola. The present market rate for silver stands at Rs. 1,420 per tola, contrasting with Friday’s closing rate of Rs. 1,400 per tola.

  • Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal

    Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal


    The cost of the valuable yellow metal has risen by Rs. 500 per tola today when compared to the trading price on Monday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present rate for fine gold is Rs. 1,21,000 per tola, marking a Rs. 500 increase from Monday’s trading price of Rs. 1,20,500 per tola.

    Similarly, Tejabi gold is available today at Rs. 1,20,400 per tola, indicating a Rs. 500 uptick from Monday’s price of Rs. 1,19,900 per tola.

    In a parallel trend, the price of silver has also undergone an increase today. With a gain of Rs. 5, the current silver price stands at Rs. 1,460 per tola, in contrast to Monday’s silver price of Rs. 1,455 per tola.

  • Gold Prices Soar with Rs. 1000 Increase in a Single Day

    Gold Prices Soar with Rs. 1000 Increase in a Single Day


     

    The price of gold has risen by Rs. 1,000 per tola (fine gold) today when compared to the trading price on Sunday.

    As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current value of fine gold is Rs. 1,08,600 per tola, while Tejabi gold is priced at Rs. 1,08,100 today.

    In contrast, on Sunday, fine gold was valued at Rs. 1,07,600 per tola, and Tejabi gold was priced at Rs. 1,07,100 per tola.

     

  • “LBB L’s Q4 Net Profit Dips, Impairment Charges Soar”

    “LBB L’s Q4 Net Profit Dips, Impairment Charges Soar”


     

    Lumbini Bikas Bank Limited (LBBL) has released its fourth-quarter report for the recently ended financial year, showing a slight decrease in net profit by 3.88 percent compared to the same period in the previous year. In Q4 of FY 079-80, the company made a profit of Rs. 61.24 crores.

    The most significant change in the report is the substantial increase in impairment charges for the company during the last quarter of FY 079-80, reaching Rs. 40.31 crores. This is in contrast to the Rs. 3.40 crores impairment charges incurred by the bank during the same quarter of FY 078-079.