Pokhara Finance Limited (PFL) has launched 4,16,367.92 unit bonus shares on NEPSE. On 30th Poush, the business had its 26th AGM and approved a dividend of 4.21% for fiscal year 2078/79. The Board of Directors voted at its 512th meeting to pay a dividend of 4.21% on the paid-up capital of Rs. 1.04 Arba. A […]
The NEPSE index finished at 1,934.47 today, down 29.07 points from the previous trading day’s close. This is a 1.48% decrease. Yesterday, the index increased by 92.22 points. The index began today at 1,973.09 and reached an intraday high of 1,981.87. In comparison, it dropped as low as 1,928.93 before closing at 1,934.47. In 44,708
ICRA Nepal Limited has confirmed NIC Asia Bank Limited’s grade. The rating has been removed from the ‘Watch with Negative Implications’ category and moved to the “Issuer Not Cooperating” category, with the following notification for rating withdrawal: The rating agency has assessed the bank’s NPR 3,000 million subordinated debenture as [ICRANP] LBBB “Issuer Not
According to the Nepal Bankers Association (NBA), the interest rate on fixed deposits would be reduced beginning in the approaching month of Baishakh, 2080. The majority of banks indicated support for decreasing the interest rate at the Bankers’ Association meeting on Wednesday, and the decision was taken to also cut the term interest rate.
NEPSE has listed 80,25,000 unit IPO shares of Molung Hydropower Company Limited. This comprises promoter shares as well as shares offered to the general public and project-affected communities. The initial transaction range is Rs. 60.62 to Rs. 181.86. If the company executes the agreement with NEPSE, the IPO shares will trade in the secondary
The NEPSE index closed at 1,963.55 today, up 92.22 points from the previous trading day’s close. This represents a 4.93% increase. Yesterday, the index rose 27.31 points. In the last three days, the index has gained approximately 125.07 points. Today’s opening price for the index is 1,871.46, which is also the intraday low. In contrast,
Excel Development Bank Limited (EDBL) has announced that it will not pay dividends in fiscal year 2078/79. The EDBL Board of Directors decided on Chaitra 27, 2079, that no dividends will be paid for fiscal year 2078/79. The financial statements, however, are subject to approval by Nepal Rastra Bank and the company’s upcoming Annual
Hathway Investment Nepal Limited (Hathway), Nepal’s first private-equity investment firm, generated Rs. 1277 million in operating income (OI) in fiscal year 2022. For FY 23, the company has projected an operating income of around Rs. 116 million. ICRA Ratings has assigned a long-term rating of LBBB to Hathway for long-term loans totaling Rs. 147.7 million
Vijay Distillery Private Limited (VDPL), which manufactures liquor brands such as Ruslan Vodka, generated Rs. 2085 million in sales revenue in 2022. The company’s revenue has decreased by Rs. 59.3 crores compared to FY 2021. For fiscal year 20/21, the company generated sales revenue of Rs. 2678 crore (Million). VDPL’s profit margin for FY2022
The NEPSE index closed at 1,871.33 today, up 27.31 points from the previous trading day’s close. This represents a 1.48% increase. Yesterday, the index rose 5.54 points. Today, the index opened at 1,845.65 and closed at 1,844.41. In contrast, it reached a high of 1,872.11 before closing at 1,871.33.
Makar Jitumaya Suri Hydropower Company Limited’s initial public offering (IPO) will take place this Wednesday, March 29th, 2079. The allotment program will take place at the issue manager’s Kamaladi office, Prabhu Capital Limited. From the 19th to the 25th Chaitra, the company issued 13,37,302 units of Rs 100 face value shares to the general
For fiscal year 2078/79, Green Development Bank Limited (GRDBL) has proposed a 4% dividend. The board of directors decided to distribute 3.80% bonus shares and 0.20% cash dividend (for tax purposes) from the paid-up capital at its 191st meeting on Chaitra 26. Because the company’s paid-up capital is Rs. 51.90 crores, the bonus shares
The NEPSE index closed at 1,844.02 today, up 5.54 points from the previous trading day’s close. This represents a 0.30% increase. Yesterday, the index fell 28.31 points. Today, the index opened at 1,837.65 and closed at 1,833.08. In contrast, it reached a high of 1,851.49 before settling at 1,844.02.
The Investors’ Association has focused significant attention on the financial and psychological effects of the stock market on regular investors, which have been steadily declining for a long time. Despite the fact that over 55 lakh investors lost a total of nearly Rs. 15 Kharba following the all-time high market capitalization on August 18,
Nepal’s leading e-commerce platform, Daraz, has announced the exclusive launch of the “Nothing Phone 1” in Nepal on April 11. The Nothing Phone 1 is the first product from the new technology venture “Nothing,” founded by the co-founder of OnePlus, Carl Pei. This much-anticipated smartphone will be available exclusively on Daraz for Nepalese customers. The
