Business

Kathmandu- Nepal–India relations, particularly in the sensitive area of cross-border electricity trade, have come under strain following the unilateral termination of a power purchase agreement between the Nepal Electricity Authority (NEA) and India’s PTC India Limited. Energy experts and legal practitioners warn that the decision has not only raised serious…

Kathmandu: Hulas Iron Industries Limited, a subsidiary of the Hulas Group preparing to launch an initial public offering (IPO), recorded an annual turnover of Rs 3.43 billion in the last fiscal year, reflecting steady business performance ahead of its public issuance. According to company figures, Hulas Iron generated Rs 802…

Taplejung: The 73-megawatt Sanima Middle Tamor Hydropower Project has resumed power generation after remaining shut for nearly a month due to technical problems. Project Administration Chief Karan Gautam said electricity production restarted after rectifying technical issues in the powerhouse and completing necessary maintenance works. According to him, the shutdown was…

Kathmandu- Nepal Police have uncovered a counterfeit currency printing factory operating in Gokarneshwor Municipality-8 of Kathmandu and arrested two individuals in connection with the illegal operation. Those arrested have been identified as 28-year-old Gauri Shankar Yadav of Bara district and 28-year-old Ravi Kumar Srivastava of Motihari, India. The arrests were…

Kathmandu: Vijay Laghubitta Bittiya Sanstha Limited has opened its Follow-on Public Offering (FPO) for subscription from today. The microfinance institution is issuing the FPO to maintain the shareholding ratio of 70:30 between founder shareholders and the general public. Following the merger of former Naya Sarathi Laghubitta Bittiya Sanstha and Vijaya…

Kathmandu — Banks and financial institutions have significantly reduced lending to low-income and poor borrowers amid growing difficulties in loan recovery, even as overall credit flow in the banking system continues to expand. According to data from Nepal Rastra Bank, outstanding credit extended to poor borrowers declined by 18.88 percent…

Washington — US President Donald Trump has publicly demanded “total access” to Venezuela, with a particular focus on the country’s oil resources, following the removal of President Nicolás Maduro through US military action. Speaking to reporters aboard Air Force One on Sunday night, Trump said the United States needed unrestricted…

Kathmandu — The CPN-UML has begun finalizing its candidates for the upcoming House of Representatives elections by single-recommending the names of its top leaders from various constituencies across the country. Party Chair KP Sharma Oli has been single-recommended from Jhapa Constituency No. 5, while senior leader Ishwor Pokharel has been…

Kathmandu — The price of gold surged sharply in the domestic market on Monday, increasing by Rs 4,600 per tola, according to the Federation of Nepal Gold and Silver Dealers Association. With the latest revision, gold is being traded at Rs 265,000 per tola, up from Rs 260,400 per tola…

Kathmandu: Solu Hydropower Limited is set to issue its initial public offering (IPO) to the general public starting January 13 (Poush 29), following the completion of share allocations for local residents and Nepalis employed abroad in the first phase. The company has received regulatory approval to issue 20 million shares,…