Tag: the

  • Gold falls Rs. 1,400 from its all-time high, trading at Rs. 106,100 per tola today.

    Gold falls Rs. 1,400 from its all-time high, trading at Rs. 106,100 per tola today.


    Today’s gold price has dropped by Rs. 1,400 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 106,100 per tola. Yesterday, the rate remained unchanged at Rs. 107,500 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 105,600. In contrast, the rate was kept at Rs. 107,000 per tola yesterday.

  • Last Day to Grab 6.84% Dividend Proposed by Guheswori Merchant Banking & Finance

    Last Day to Grab 6.84% Dividend Proposed by Guheswori Merchant Banking & Finance


    Today is the last day to take advantage of Guheswori Merchant Banking & Finance Limited’s proposed 6.84% dividend (GMFIL).

    The company has scheduled its 21st Annual General Meeting for March 27th, 2079. The meeting will begin at 10 a.m. that day at the company’s headquarters in Harihar Bhavan, Lalitpur.

     

  • Kalinchowk Darshan Limited’s initial public offering (IPO) has concluded, with 1 in every 16 applicants receiving 10 units.

    Kalinchowk Darshan Limited’s initial public offering (IPO) has concluded, with 1 in every 16 applicants receiving 10 units.


    Kalinchowk Darshan Limited’s initial public offering (IPO) was completed today at the offices of Nabil Investment Banking Limited in Kathmandu.

    Kalinchowk Darshan Limited had issued to the general public 896,400 units worth Rs 8.96 crore in an Initial Public Offering (Magh 3-6, 2079).

     

  • Purwanchal Lube Oil (PLO) Will Publish an Initial Public Offering (IPO); Prabhu Capital Limited Will Serve as Issue and Sales Manager

    Purwanchal Lube Oil (PLO) Will Publish an Initial Public Offering (IPO); Prabhu Capital Limited Will Serve as Issue and Sales Manager


    Purwanchal Lube Oil (PLO) plans to issue 500,000 equity shares to the general public through an initial public offering (IPO), with Prabhu Capital Limited serving as the share issue and sales manager.

    On Magh 18, 2079, the two parties’ contract was completed. The agreement was signed by Mr. Bholeshwar Dulal, Managing Director of Purwanchal Lube Oil, and Mr. Dinesh Thakali, Managing Director of Prabhu Capital.

     

  • Gold sets a new all-time high; gains Rs 1200 per tola in a single day to trade at Rs 107,500.

    Gold sets a new all-time high; gains Rs 1200 per tola in a single day to trade at Rs 107,500.


    In the Nepalese market, the price of gold has reached an all-time high. The gain for today is the result of a Rs. 1200 single-day gain from yesterday’s price.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 107,500 per tola. Yesterday, the rate remained unchanged at Rs. 106,300 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 107,000. In contrast, the rate was kept at Rs. 105,800 per tola yesterday.

     

  • IPO Proposals of Dolti Power Company and Bhugol Energy Development Company Finally Approved by SEBON

    IPO Proposals of Dolti Power Company and Bhugol Energy Development Company Finally Approved by SEBON


    The Securities Exchange Board of Nepal (SEBON) has approved Dolti Power Company Limited and Bhugol Energy Development Company Limited’s proposed initial public offering (IPO). On Magh 16, both proposals were approved.

    Dolti Power Company will now issue 1,609,458 equity shares with NPR 100 par value each. The issue is worth Rs. 16.09 crore. This is equivalent to 30% of the company’s issued capital. The company’s total paid-up capital after the IPO allotment would be Rs 53.64 crore.

     

  • Gold Near All-Time High; Gains Rs 500 Per Tola Today to Trade at Rs 106,300, Silver Follows Suit

    Gold Near All-Time High; Gains Rs 500 Per Tola Today to Trade at Rs 106,300, Silver Follows Suit


     

    The price of gold has surged by Rs. 500 in the domestic market today.

    According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 106,300 per tola. Yesterday, the rate was maintained at Rs. 105,800 per tola. Meanwhile, Tejabi gold is being traded at Rs. 105,800 today. In contrast, the rate was maintained yesterday at Rs. 105,300 per tola.

     

  • The ERC has given preliminary approval to Synergy Power Development Company to issue 50% rights.

    The ERC has given preliminary approval to Synergy Power Development Company to issue 50% rights.


    The Electricity Regulatory Commission has given preliminary approval to Synergy Power Development Company (SPDL) to issue a 2: 1 right offering. On Kartik 17, 2079, the application for the issuance of right shares was submitted to ERC.

    On Shrawan 24, 2078, the board of directors proposed issuing 50% right shares on the paid-up capital after adjusting 10% bonus shares for fiscal year 2077/78, i.e. Rs. 80,65,75,000. The company’s paid-up capital will rise to Rs. 120.98 crores after the proposed right share is adjusted.

     

  • The Finance Ministry is developing an action plan for policy priorities and minimum programs.

    The Finance Ministry is developing an action plan for policy priorities and minimum programs.


    The Ministry of Finance has created an action plan to carry out the policy priorities and minimum programs.

    The action plan, according to the Ministry, includes policies and programs, milestones, resources, time constraints, monitoring and evaluation indicators, and so on.

    The action plan discusses promoting revenue collection effectiveness, further systematizing the revenue system, and maintaining professional neutrality while changing the revenue rate and controlling

  • Is bitcoin banned in Nepal?

    Is bitcoin banned in Nepal?


    Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal.

    The central bank of NepalNepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not recognized Bitcoins as a valid currency in Nepal.

    A few highlights on the ban:

    1. Laws of Nepal: The Nepal Rastra Bank, Nepal’s central bank, highlighted two laws in its statement banning Bitcoin and its transactions: the foreign exchange statute of 2019 BS and the Nepal Rastra Bank Act of 2058 BS. It basically means that you can’t do bitcoin transactions or use bitcoin to swap foreign or Nepali currency in Nepal because bitcoin isn’t classified as a currency by the Nepali government, therefore utilizing the internet for bitcoin transactions or exchange is unlawful.
    2. Lack of regulations: NRB and Nepal govt is unable to have proper regulation over bitcoin transactions, as it’s mostly done over internet and Nepal doesn’t yet have the technology needed to regulate it, and hence it may be banned.
    3. Use in illegal activities: Reports of bitcoin being used for money laundering or making black money into white by converting into Bitcoin, among other cases is another reason.
    4. Damage to Nepali economy: Bitcoin transactions unlike other banking transactions can’t be taxed, so there will be loss of revenue, plus if more Nepalis use bitcoins, the monetary system of Nepal may be affected, Bitcoin is also a very volatile currency with lots of ups and downs and long term it can cause severe problems. NRB is tasked with maintaining the financial stability of Nepal and maybe it felt, bitcoin was a threat.

    These are only a few of the reasons, in my opinion, why bitcoin is prohibited in Nepal. The existing Nepali laws prohibit it, and the central bank believes that bitcoin cannot be effectively regulated, that it can be used for unlawful purposes, and that it will harm the Nepali economy in the long run. The Nepalese government has recently taken tough measures against bitcoin transactions, including arresting people who were mining bitcoin or had large amounts of bitcoin, shutting down Nepal’s largest bitcoin exchange operator Bitsewa and arresting its owners, and even arresting a Nepali politician from a minor party for bitcoin trading.

  • What is Domaining? How to Begin a Domain Name Business

    What is Domaining? How to Begin a Domain Name Business


    For those who are unfamiliar with the domaining business, it entails buying, selling, developing, and monetizing domain names. It is, in fact, a BIG business with the potential to earn you a million dollars. You may not believe me, but when you consider that AsSeenOnTv.com was sold for $5.1 million, Autos.com was sold for $2.2 million, Express.com was sold for $1.8 million, and so on.

    It’s a million-dollar business, but it’s not just about big names; expert domainers frequently make $10,000 or $100,000 on unknown domains as well. With so many new domain name extensions entering the market and so many businesses closing down and abandoning premium domain names on a daily basis, the industry is constantly growing. This expansion brings with it an ever-increasing potential for success, but it also brings with it a slew of new challenges.

    This article will go over a few important checklist items to think about when starting a domaining business from scratch.

    1- Recognize that you will need some money to make more money:

    Yes, money is required to start a domaining business, and it can range between $100 and $100,000. Successful domainers typically own a large number of domains to build their portfolio, but you can begin with a small number. A lot depends on the business model you choose, and your financial needs will vary accordingly.

    2- Skills Required

    To be honest, you don’t need any specific skills, but you should be eager to learn, gain experience, and grow. The best way to learn about domaining is to do it yourself. To be successful in your domaining business, you will need experience, which you will gain through experimentation and learning from relevant domaining resources such as Purely Space. Never close the doors to learning, and you will find success!

    3- Be Aware of and Understand the Risk:

    In reality, no business is risk-free, and domaining business is no exception. You must be aware of the various types of risks associated with the domaining business, such as domain marketplace scams, the value of.com names (or other top-level domains) decreasing for various reasons, typosquatting popular companies can result in a lawsuit from the company, and so on. Domaininvesting.com has correctly described the five types of risks associated with the domaining business.

    4- Avoid the Wrong Ways to Make Money from Domaining:

    Every business has ethical and unethical ways to make money, and the domaining business has some unethical ways to make money as well. It is critical to be aware of and avoid these bad habits. The following business models should be avoided:

    • Domain hijacking is the process of stealing an internet domain name from its rightful registrant.
    • Cybersquatting is the practice of registering domain names in bad faith in order to profit from the goodwill of a trademark that you do not own.
    • Typosquatting occurs when you register domains that closely resemble popular domains, such as Goolge.com, MciroSoft.com, and so on, with the intent of gaining traffic and possibly selling the domain at a higher price. It may not be illegal, but it increases the likelihood of a lawsuit from the companies.

    5- Discovering the Most Profitable Strategy:

    If you are serious about getting into the domaining business, the best option is to go the legal route, which is both risk-free and highly rewarding. Here are some of the most successful domaining business models.

    1. Domain monetization is one of the best business models because it is low risk, completely legal, and can yield massive profits. You purchase domains, create strategies to profit from the traffic they generate, and then sell the site for anywhere between 12 and 24 times the site’s monthly revenue + brand price.
    2. Another business model is domain development, in which you buy brandable domains, add a website and a service to the domain, and capitalize on traffic until you sell the domain name and its service.
    3. Domain capitalization is a risky business model, but if you’re good at valuing domains, it can help you sell the next million dollar domain. For example, if you purchase fitandtrim.com with the expectation that a product or service with that name will be released sometime in the future, you are the only person who can purchase this domain.

    In conclusion:

    Make sure to choose the right business model before you begin your domaining venture. Take some time to learn about all of the different business models and then select the one that suits you best. Experienced domainers run multiple business models at the same time, but as a newcomer, it’s best to start with a single direction.