Business

Kathmandu — Palpa Cement Industries Limited is set to issue its initial public offering (IPO) from Poush 10, targeting project-affected local residents and Nepalis employed abroad in the first phase. The company received approval from the Securities and Exchange Board of Nepal (SEBON) on December 25 to issue a total…

Kathmandu — More than 1.3 million Nepalis returned home within a year, even as over 1.5 million people left the country during the same period, according to data from the Department of Foreign Employment. The department’s 2025 data shows that 1,313,991 Nepalis returned to Nepal, while 1,523,000 people migrated abroad.…

Kathmandu— The Special Court has ordered former Minister for Federal Affairs and General Administration Rajkumar Gupta to be sent to custody for trial in connection with the Lichibari land corruption case in Pokhara. A bench comprising Justices Sudarshan Dev Bhatta, Dilli Ratna Shrestha, and Vidur Koirala issued the order on…

Kathmandu — Final preparations are underway for the allotment of Reliance Spinning Mills Limited’s initial public offering (IPO). The issue manager, Global IME Capital, is preparing to complete the allotment process by Friday this week. The IPO has attracted strong investor interest, receiving applications worth around 33 times the shares…

Kathmandu — Suresh Devkota, Chief Executive Officer (CEO) of Sindhu Bikas Bank, has resigned from his post. A meeting of the bank’s board of directors held on February 9 accepted his resignation. Devkota, who was appointed CEO last year, stepped down with around three years remaining in his term. A…

Kathmandu— A clandestine network supplying young women to hotels across Kathmandu Valley by private vehicles has been exposed, following the arrest of a key intermediary. Police say photographs of at least 50 young women were recovered from the suspect’s mobile phone, indicating the scale of the operation. According to the…

Kathmandu — The Election Commission has fixed the maximum election expenditure limit for candidates contesting the House of Representatives election scheduled for February 21, with ceilings varying by constituency based on accessibility. According to the Commission, candidates from five constituencies in Kathmandu — constituencies 1, 3, 6, 7 and 8…

Kathmandu — Reliance Finance has announced the sale of a portion of its founder (promoter group) shares, with the offer initially limited to existing founder shareholders. In a notice issued by the company, it stated that the number of shares and the offer price have not been disclosed. Interested founder…

Kathmandu — Nepal Life Insurance Company has announced the sale of 200,000 units of its promoter (founder group) shares. Issuing a notice on Tuesday, the company said the sale process will begin from Wednesday. Eligible individuals or institutions interested in purchasing the shares have been invited to submit bids. The…

Kathmandu— Cardiologist Dr Kunjang Sherpa has been elected Vice-Chairman of the Nepal Medical Council (NMC). Dr Sherpa, who currently serves at Bir Hospital, was previously a member of the Council. According to the final vote count completed on Sunday, Dr Sherpa secured 5,234 votes, defeating his closest rival Dr Gurusharan…