Business

Kathmandu- Despite the Nepal Securities Board (SEBON) continuing to grant approvals for initial public offerings (IPOs) in recent months, a large volume of public issues is still stuck in the pipeline. At present, 87 companies are awaiting approval from SEBON to issue IPOs, involving a total of 411.20 million shares.…

Kathmandu- After several consecutive days of decline, the Nepal Stock Exchange (NEPSE) made a strong recovery on Thursday, the final trading day of the week. The benchmark index rose by 27.19 points to close at 2,708.70 points. Along with the index, trading activity also improved. After daily turnover hovered around…

Kathmandu- Supermai Hydropower Limited has announced a dividend for its shareholders. A meeting of the company’s board of directors held on Magh 20 approved the distribution of bonus shares and cash dividend, along with a proposal to issue right shares. According to the decision, the company will distribute 20 percent…

Kathmandu-Jewelry worth more than Rs 14.53 million has been stolen from a house in Bouddha Tusal, Kathmandu Metropolitan City–6, after thieves took advantage of an opportunity when the homeowner was busy drying clothes on the roof. According to SSP Santosh Khadka of the Kathmandu Valley Crime Investigation Office, the stolen…

Kathmandu-The Nepal Oil Corporation (NOC) has clarified that rumors of a cooking gas (LPG) shortage in the market are baseless, stating that the current supply of gas is exceeding demand. The corporation has urged consumers not to hoard gas cylinders unnecessarily, warning that such behavior could create artificial pressure in…

Kathmandu- The price of gold has surged sharply in the Nepali market, increasing by Rs 14,400 per tola in a single day. According to the Federation of Nepal Gold and Silver Dealers, the price of gold was fixed at Rs 304,700 per tola on Wednesday. A day earlier, on Tuesday,…

Kathmandu- Shikhar Power Development Limited has extended the application deadline for its Initial Public Offering (IPO) issued to local residents of the project-affected areas until February 21 (Falgun 8). The decision was taken after the company failed to receive the required number of applications within the previously fixed period. The…

Kathmandu- The Nepal Stock Exchange (NEPSE) index declined on Tuesday, the third trading day of the week, closing lower by double digits despite a modest increase in trading volume. The benchmark index fell by 12.58 points to settle at 2,683.15 points, representing a decline of 0.46 percent compared to the…

Kathmandu — The prices of gold and silver increased again in the Nepali market on Tuesday, rebounding after a sharp decline in the previous trading session. According to the Federation of Nepal Gold and Silver Dealers, the price of gold rose by Rs 3,700 per tola on Tuesday. With the…

Kathmandu— Ashok Sherchan has resigned from the post of Chief Executive Officer (CEO) of Prabhu Bank. He stepped down on Sunday after the bank’s board of directors lifted the suspension imposed on him earlier in connection with a banking offence investigation. Sherchan had been arrested by the Central Investigation Bureau…