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Challenges and Prospects of the Newly Constructed Business Tower in Damak: A Critical Analysis 5
General News

Challenges and Prospects of the Newly Constructed Business Tower in Damak: A Critical Analysis

The recent unveiling of a multi-billion-rupee business tower in Damak by the government has ignited debates over its practicality, given reports of tepid interest from prospective commercial tenants. The towering edifice, standing 18 stories tall and spearheaded by CPN-UML chairman and former Prime Minister KP Sharma Oli, awaits its official inauguration amidst uncertainties surrounding its

ADBL Introduces Digital Loan Facility on ADBL Smart Plus App to Enhance Financial Inclusion 7
Business | Market | Economy

ADBL Introduces Digital Loan Facility on ADBL Smart Plus App to Enhance Financial Inclusion

The Agricultural Development Bank Limited (ADBL) has launched a novel loan facility via the ADBL Smart Plus App, responding to the increasing demand for digital services and aiming to bolster financial access and inclusivity. This initiative enables eligible customers holding salary accounts with the bank to access instant loans of up to Rs. 2 lakhs

SKBBL Lists 47,47,555.941 Unit Bonus Shares on NEPSE 13
Dividend

SKBBL Lists 47,47,555.941 Unit Bonus Shares on NEPSE

Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) has recently listed a whopping 47,47,555.941 unit bonus shares on the Nepal Stock Exchange (NEPSE). This development follows the company’s 22nd Annual General Meeting (AGM) held on 29th Poush, 2080. During the AGM, SKBBL’s shareholders were delighted to hear about the approval of a generous 15% dividend

Nepal Rastra Bank Unveils FY 2023/24 Macroeconomic Overview 17
Business | Market | Economy

Nepal Rastra Bank Unveils FY 2023/24 Macroeconomic Overview

Nepal Rastra Bank (NRB) has presented a comprehensive overview of Nepal’s current macroeconomic and financial status based on data from the first eight months ending mid-March 2023/24. Inflation and Trade Year-on-year inflation remained stable at 4.82%. Gross foreign exchange reserves reached USD 14.14 billion. Total imports decreased by 2.7%, exports by 4.0%, and trade deficit

Nepal Investment Mega Bank Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Shareholders 21
Business | Market | Economy

Nepal Investment Mega Bank Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Shareholders

The current promoter of Nepal Investment Mega Bank Limited (NIMB) has initiated the auction of 2,55,741 units of shares, exclusively targeting existing promoter shareholders, starting from today, the 30th of Falgun, 2080. In this auction process, only the existing promoters of NIMB are eligible to participate in the bidding, and they have a window of

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