Kathmandu. Turkey has increased the bank interest rate to 35 percent. Earlier it was 30 percent. Turkey's currency, which is moving in the opposite direction to the principles of economy, is the weakest in history. Turkey's central bank hiked interest rates again on Thursday, pressing...
Read MoreKathmandu. 11 companies related to different sectors are preparing to issue rights shares. 10 hydropower companies and one development bank are waiting for the permission of the Nepal Securities Board (SEBON) for the issuance of rightful shares in the pipeline. According to which, those companies...
Read MoreKathmandu. A new record has been set in the price of gold in the market. Gold prices set a new record on Friday. According to the Nepal Gold and Silver Traders Federation, today the price of gold has reached 1 lakh 16 thousand rupees.
Read MoreKathmandu. The International Monetary Fund (IMF) has predicted that Nepal's economic growth will be limited to 0.8 percent in 2023. Last April, the IMF predicted that Nepal's economic growth would be 4.4 percent in 2023. The IMF has projected that it will be reduced...
Read MoreKathmandu. Haruhiko Kuroda, the former governor of the Japanese central bank, Bank of Japan, has said that although there are some challenges in Nepal's economy, there is great potential for economic growth. Kuroda, who is also the former chairman of the Asian Development Bank, said...
Read MoreKathmandu. Nepal Rastra Bank has increased the share mortgage loan limit of 12 crores. Rastra Bank today issued a unified directive and increased the limit for both individuals and institutions. According to which the maximum single obligor limit for margin loans from any or all...
Read MoreKathmandu. Out of the companies doing life and non-life insurance business, 10 companies are going to issue rights shares. With the approval of the Nepal Insurance Authority, a total of 10 insurance companies, 5 for life insurance and 5 for non-life insurance, will be allowed...
Read MoreKathmandu. Due to the increase in bad loans in banks, the expenses allocated for the management of the banks have increased by 94.26 percent in the last financial year. In the previous financial year, the amount of 13 billion 34 billion rupees and 85 billion...
Read MoreKathmandu. Due to borrowers not paying principal and interest on time, bad loans of banks have increased. Such poor and bad loans are called non-performing loans (NPL). In one year, the non-performing loans of some banks have doubled. According to the financial statements of the...
Read MoreKathmandu. The US central bank has raised interest rates to the highest level in 22 years as it fights to stabilize prices in the world's largest economy. The decision lifted the Federal Reserve's influential benchmark rate to a range of 5.25% to 5.5%.
Read MoreKathmandu. The IPO allotment of Sun Nepal Life Insurance has been completed. The company has received labor approval from the relevant body of the Nepal government and will issue 960,000 shares at a nominal price of Rs. 100 In addition, a total of 239...
Read MoreKathmandu. The three-day 'Business Excellence Conference' of Nepal Life Insurance Company has been completed. The conference was held at Sauraha in Chitwan with the slogan "Powerful Aggressive Policy". More than 230 employees working in sales and marketing from all over the country participated in the...
Read MoreKathmandu. Morgan Stanley, the world's leading rating agency, has given a good signal for India. American brokerage firm Morgan Stanley has changed the rating of India's domestic stock market to 'overweight'. Earlier he had given equal weight to India. Converting equal weight to over weight...
Read MoreKathmandu. In the financial year 2078/79, Nepal exported goods worth two trillion. The amount earned by Nepal by exporting information technology services in one year is 43 percent of the total exports. However, earnings from information technology exports are not found in official...
Read MoreKathmandu: Sagar Group, an IT distribution company, unveiled its latest line of cutting-edge Next-Gen Cybersecurity solutions — Kaspersky Standard, Kaspersky Plus and Kaspersky Premium — from renowned cybersecurity provider Kaspersky. The event held in Kathmandu today featured an insightful sharing session by industry experts on...
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