Kathmandu- The initial public offering (IPO) of Salpa Bikas Bank Limited has been allotted today, Poush 10, amid heavy oversubscription. The IPO allotment process was completed at 9:30 am at Muktinath Capital, the issue and sales manager of the bank. Salpa Bikas Bank had issued a total of 1,439,179 units…
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Asha Microfinance Founder Shares Put on Sale
by Nepal Pulseby Nepal PulseKathmandu: Asha Laghubitta Bittiya Sanstha Limited has put 45,000 units of promoter (founder) shares up for sale. According to the company, the promoter shares being offered belong to the founding shareholders, and only existing promoter shareholders of the institution are currently eligible to purchase these shares. The minimum selling price…
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Kathmandu- Palpa Cement Industries Limited has opened the sale of its initial public offering (IPO) from today, Poush 25, targeting project-affected local residents and Nepali citizens working abroad with valid labour permits. Read this:-Palpa Cement IPO Sparks Protest Over Exclusion of Locals, Devdaha Municipality Writes to Company The company received…
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Kulman Ghising Wanted Immediate Exit from RSP After Resigning as Minister
by Nepal Pulseby Nepal PulseKathmandu- Former Minister for Energy, Physical Infrastructure and Urban Development Kulman Ghising wanted to immediately announce his withdrawal from the Rastriya Swotantra Party (RSP) after submitting his resignation on Wednesday. However, leaders of the Ujyaalo Nepal Party (UNP) intervened and persuaded him to hold at least one decisive round of…
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Public Service Commission Postpones Undersecretary-Level Exams Citing Election Duties
by Nepal Pulseby Nepal PulseKathmandu- The Public Service Commission (PSC) has postponed the written examinations for the post of Undersecretary (Gazetted Second Class, Non-Technical), which were scheduled to begin from Magh 10, 2082. The decision was taken in response to a formal request from the Election Commission, citing the heavy deployment of civil servants…
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Auditor Appointment at Agricultural Development Bank Contradicts Law, Sparks Dispute Between ICAN and Auditors
by Nepal Pulseby Nepal PulseKathmandu- The appointment of auditors at the Agricultural Development Bank (ADB) has come under serious legal scrutiny, with questions raised over clear violations of existing company law and disagreements emerging between the bank, auditors, and the Nepal Institute of Chartered Accountants (ICAN). The controversy dates back to last year’s 18th…
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Physical Reconstruction of Gen-Z Movement Damage Estimated at Rs 36.25 Billion
by Nepal Pulseby Nepal PulseKathmandu- The physical reconstruction required after the damage caused during the Gen-Z Movement on Bhadra 23 and 24 is estimated to cost Rs 36.25 billion, according to a government assessment report. A five-member committee formed by the Council of Ministers on October 20, under the coordination of the Secretary of…
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Labour Ministry Decides in Favour of EPS Exam Passers Awaiting Korea Jobs
by Nepal Pulseby Nepal PulseKathmandu- The Ministry of Labour, Employment and Social Security has taken a series of decisions aimed at addressing long-standing concerns of candidates who passed the Employment Permit System (EPS) examinations for South Korea-bound employment but have not yet received work opportunities. According to the ministry, the government will formally approach…
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Banking Sector Raises Alarm Over Attacks on Employees, to Seek Prime Minister’s Intervention
by Nepal Pulseby Nepal PulseKathmandu- Nepal’s banking sector has expressed serious concern over a series of attacks on employees of banks and financial institutions, warning that continued criminal violence could pose risks to depositor confidence, financial discipline, and the overall stability of the financial system. A meeting convened on Wednesday under the auspices of…
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Nepal Calls for Restraint, Respect for Sovereignty amid Venezuela–US Tensions
by Nepal Pulseby Nepal PulseKathmandu- The Government of Nepal has expressed concern over the escalating tensions between the United States and Venezuela, calling on all parties involved to exercise maximum restraint and avoid actions that could further aggravate the situation. In a statement issued on Wednesday, the Ministry of Foreign Affairs urged stakeholders not…