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“Last Day to Claim Dividend: Citizen Investment Trust (CIT) Announces 26.3158% Dividend for Shareholders at 28th AGM”
Citizen Investment Trust (CIT) has announced that today is the final day for shareholders to claim the proposed dividend. The company has scheduled its 28th Annual General Meeting (AGM) for the 31st of Ashad, 2080. The meeting will take place at the company’s head office in New Baneshwor, Kathmandu, commencing at 3 pm. Among the […]
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“Ngadi Group Power Limited Proposes 100% Rights Shares for Shareholders to Address Funding Requirements”
Ngadi Group Power Limited (NGPL) has proposed to offer 100% rights shares to its existing shareholders. The proposal was made during a recent Board of Directors meeting. NGPL’s Siurikhola Small Hydropower Project, located in Lamjung District, Gandaki Province, with a capacity of 4.95 MW, has been performing well due to regular maintenance. However, additional funds […]
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NEPSE Index Declines by 1.02% as Trading Remains Active
The NEPSE index had a downward trend and closed at 2,075.97 points, experiencing a loss of 21.32 points or 1.02% from the previous day. It had dropped significantly by 53.70 points in the preceding session. Despite starting on a hopeful note at 2,096.72 points, the index faced fluctuations throughout the day. It reached a high […]
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“126 MW Power Added to Dordi Corridor: Enhancing Electricity Transmission”
The 132 KV Dordi Corridor Double Circuit Transmission Line Project has successfully connected 126.84 MW of electricity. This transmission line was built to transfer power from the Dordi River and its tributaries in Lamjung efficiently. Previously, the power infrastructure in the region was not fully utilized due to a lack of electricity. However, since […]
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ADB Approves $50M Loan to Boost Nepal’s Trade
The Asian Development Bank (ADB) has approved a $50 million USD loan to help Nepal boost its domestic and international trade. Trade and industry currently make up 14.1% of Nepal’s GDP. The Nepalese government aims to increase the trade sector’s contribution by improving trade and export promotion, enhancing customs and logistics systems, and strengthening […]
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SEBI Reduces IPO Listing Time in India
India’s regulatory authority for the capital market, the Securities and Exchange Board of India (SEBI), has announced a significant reduction in the time required to list shares after an initial public offering (IPO). Previously, shares could be listed within 6 days of the IPO sale’s closure, but now this timeline has been cut in […]
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Reliable Nepal Life Insurance Receives Permission for IPO at Premium
Reliable Nepal Life Insurance has received approval from the Securities Board of Nepal (SEBON) to launch an initial public offering (IPO) with a premium. The IPO will offer shares at a price of Rs 257 per share, including a premium of Rs 157 above the face value of Rs 100. A total of 1.2 […]
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NEPSE Weekly Summary: 4.64% Gain, Rs 23.25 Arba Turnover, Technical Analysis & More
Last week, the Nepal Stock Exchange (NEPSE) traded for only four days due to the Bakrid holiday on Thursday. The week ended with the NEPSE index closing at 2,150.99, marking a gain of 95.46 points or 4.64%. In the previous week, the index closed at 2,055.53, experiencing a 0.66% gain compared to the week […]
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Gold Drops by Rs. 600 Per Tola, Trades at Rs. 110,000; Silver Stable at Rs. 1,375
In the domestic market today, the price of fine gold has decreased by Rs. 600 per tola. The current trading rate for fine gold, according to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, is Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 110,600 per tola. Similarly, the price […]
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Pokhara Metropolis Offers 70% Grant in Agro Sector.
Pokhara Metropolitan City has announced plans to offer a 70 percent grant in the agriculture sector based on production. The Deputy Mayor, Manju Devi Gurung, revealed this during the presentation of the budget for the upcoming fiscal year 2080/81. The city aims to prioritize investment by providing a minimum of 70 percent grant to classified […]
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