Garima Bikas Bank Limited has distributed 13% bonus shares directly to the DEMAT account of its shareholders and has urged them to dematerialize their shares. This was announced after the bank’s 16th AGM where it also endorsed a 14.5% dividend worth Rs. 66.56 Crores for the fiscal year 2078/79. The board of directors meeting held […]
This week’s NEPSE index finished at 1,889.76, a decrease of 14.64 points (0.77%). Last week, the index finished at 1,893.33, down 1.55% from the previous week. This week, the index reached a high of 1,913.05 and a low of 1875.37, resulting in a volatility of 37.68 points. The prior week’s volatility on the index
Menchhiyam Hydropower Limited’s initial public offering (IPO) was completed today at the Lainchaur Banquet in Kathmandu. The issue manager for this IPO was NIC Asia Capital. Menchhiyam Hydropower Limited released 934,915 units worth Rs 9.34 crores to the general public as an Initial Public Offering (IPO) (Baisakh 4- 7, 2080). Previously, the business granted 542,583
Prime Life Insurance Company Limited (PLIC) unit promoter shares have been converted to ordinary shares, bringing the company’s promoter-to-public share ratio to 51: 49. The company currently has 3,14,09,657 unit shares listed on NEPSE.Similarly, the shareholding structure of 60% promoters and 40% public has been altered to 51% promoter shares and 49% public shares.
This week’s NEPSE index finished at 1,904.40, a loss of 30.07 points (1.55%). Last week, the index finished at 1,934.47, up 3.63% from the previous week. This week, the index reached a high of 1,944.58 and a low of 1893.33, resulting in a 51.25 point volatility. The prior week’s volatility on the index was 148.11
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
Gold prices are once again making news, since the value of gold reached an all-time high on March 19, 2023, i.e. today. Today’s gain is the consequence of a Rs. 2900 one-day increase from yesterday’s pricing. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at
The second plan of the Prabhu Capital Collective Investment Fund is now available for issue and sale as of 18 Falgun 2079. This fund issued 8 crore units worth Rs 80 crore at a fixed price of Rs 10 per unit. Prabhu Bank Ltd is the fund promoter of this plan, while Prabhu Capital Limited
138,125 additional shares of Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) have been listed in NEPSE. Ghodighoda Laghubitta (GGBSL) and Unique Nepal Laghubitta signed the merger agreement with each other on Kartik 21, 2077 and endorsed a 1: 0.5 share swap ratio for the merger. Thus, the additional shares after the merger are now listed
Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal. The central bank of Nepal, Nepal 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: Laws of Nepal: The
Have you decided to invest in the stock market? Consider these 7 stock market investing tips when making your investments. 1. Have a solid comprehension of basic economic principals. Before you get started, you should understand basic principals and laws of economics. The stock market closely follows the law of supply and demand. For example, when
So far, cryptocurrencies are illegal in a few countries, whereas the rest of the world either sees it as fitting to utilise these ‘monies’, or keeps them in a grey area of financial law. Similarly, though most countries in the world do not criminalise cryptocurrencies, they have yet to define their usage as monies or
Alright, so you’ve decided you want to take a shot at buying and trading stocks. The only problem is, you really don’t know how. Where should you begin? And do you even know what a stock is and the significance of stock for companies? This article will serve as a dummies guide for trading and buying stock.
The covid19 pandemic is not only putting millions of people’s lives in peril, but it is also devastating the global economy. Our government has proclaimed general vacations and imposed a travel ban on the general public in order to combat the spread of Coronavirus. Nobody knows how long it will take for things to return
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