Kathmandu. The Ministry of Finance has provided Rs. 7 billion to the Election Commission for the upcoming elections on April 3 and 4. Finance Minister Bishnu Prasad Poudel informed that Rs. 7 billion has been disbursed to the Election Commission during the mid-year review of...
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Kathmandu. Aarti Rajyalakshmi Rana has been appointed as the Deputy Chief Executive Officer (Deputy CEO) of Sunrise Bank. The Board of Directors meeting promoted him from Deputy General Manager to Deputy CEO.She has two decades of experience in the banking...
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Kathmandu. The government has accepted the resignation of Nepal Bank Limited Chairman Basudev Adhikari. Adhikari resigned from the post on Sunday after a dispute with the finance ministry over the distribution of dividends. Finance Minister Bishnu Prasad Poudel has accepted the resignation of Chairman Adhikari.
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Kathmandu. Himalayan Distillery Limited's profit has increased by 56.5 percent. The company has earned a net profit of Rs 397.6 million in the second quarter of the current fiscal year.It had made a profit of Rs. 254 million in the...
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Kathmandu. Two new records have been set on the Nepal Stock Exchange (NEPSE) on the same day. On the first day of the week (Sunday), Nepse has increased by 48.74 points and reached 2524 points. This point is still high. Earlier, Nepse had set a...
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Kathmandu. With the government's vision of Digital Nepal, the number of mobile banking transactions in Nepal has exceeded 13.6 million. Such transactions have increased as banks have given priority to mobile banking transactions. NRB has increased the mobile banking business from an average of 4...
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Kathmandu. Nepal Infrastructure Bank (NEFRA) is to invest Rs 8.75 billion in three projects. The total cost of these projects will be Rs. 50.87 billion.NIFRA is preparing to invest Rs 4 billion in Nyadi Hydropower. The estimated total cost of...
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Kathmandu: The IPO of Chandragiri Hills Limited has been listed in Nepse. Its share trading will be open from Sunday. Nepse has also specified its opening range. For the first transaction of Chandragiri, the range has been fixed from a minimum of Rs 96.69 to...
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Banks and financial institutions had disbursed Rs 183 billion in higher purchases till December last year. Car loans have declined as the economy has stagnated due to Covid. NRB has informed that the flow of credit has decreased as the old loan is maturing and new...
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Kathmandu. Civil Bank will be available only to the existing shareholders till February 4. The total 8.82 percent dividend proposed. The bank has convened its tenth annual general meeting on March 25 to approve the proposed dividend. As the book closes one...
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Kathmandu. Green Life Hydropower Limited has opened IPO sale to the public from (Friday). The company has sold 3,496,400 shares with a face value of Rs 100 per share. Earlier, the company has issued shares to the public by adding 1,686,400 shares that could not...
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Kathmandu. The number of investors trading online in the stock market has reached 306,000.Investors will buy and sell shares themselves in electronic transactions. You don't have to tell the broker to buy and sell shares. You can trade at the...
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Kathmandu. Right shares of Nepal Finance and bonus shares of Chilime Hydropower Company are listed on the Nepal Stock Exchange (NEPSE) on Wednesday.Nepal Finance has listed 1,697,506.25 shares with 125 percent rights and Chilime Hydropower has listed 57,99,762.25 shares with...
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Kathmandu. Eighteen institutional investors have been added to invest in the shares to be issued through book building method. Earlier, 46 institutional investors had received approval from the Nepal Securities Board, but on January 6, 18 more companies received approval. Venture Capital Pvt. Ltd., Everest...
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Kathmandu. Citi Express Money Transfer is now expanding its network to Oman. Remittance business has started between the LLC of Oman's reputed Modern Exchange and City Express Money Transfer.Nepalis living in Oman can easily send money to their relatives in...
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