Business

Kathmandu — The Parsa District Court has ordered Rashtriya Swatantra Party (RSP) President Rabi Lamichhane to post a bail of Rs 10 million in connection with a cooperative fraud case. A single bench of Judge Rudra Subedi issued the bail order, court sources confirmed. Lamichhane has been asked to deposit…

Kathmandu- The prices of gold and silver in the domestic market have reached new record levels. According to the Nepal Gold and Silver Dealers Federation, the price of gold increased by Rs 4,200 per tola on Monday, setting a fresh all-time high. With the latest increase, gold is being traded…

Kathmandu- The Council of Ministers has approved the investment and ownership modality of the Budhi Gandaki reservoir-based hydropower project, a national pride project to be constructed in Dhading and Gorkha districts. Under the approved framework, the Government of Nepal will hold an 80 percent share in the project promoter company,…

Kathmandu-The Sher Bahadur Deuba faction of the Nepali Congress has strongly rejected the Election Commission’s decision recognizing the special general convention led by Gagan Thapa and Bishwaprakash Sharma, describing the convention as a “so-called gathering” and announcing plans for political resistance and legal action. A meeting of the Deuba faction…

Agency- Social media companies have revoked access to about 4.7 million accounts identified as belonging to children in Australia since the country banned use of the platforms by those under 16, officials said. “We stared down everybody who said it couldn’t be done, some of the most powerful and rich…

Kathmandu- Neco Insurance Limited has announced a total dividend of 15.78 percent to be distributed to its shareholders from the profit of the last fiscal year. According to the company, the dividend includes 12.78 percent bonus shares based on the current paid-up capital and 3 percent cash dividend for tax…

Kathmandu- The Securities and Exchange Board of Nepal (SEBON) has taken regulatory action against 101 companies for violating capital market rules and directives during the fiscal year 2081/82, collecting fines amounting to Rs 5.06 million. According to SEBON, the action was taken against two brokerage companies, one merchant banker, one…

Kathmandu- Police have uncovered significant developments in the Nepal SBI Bank robbery case, identifying the houseowner linked to the bank as the main planner of the robbery, while his brother-in-law played a key accomplice role in coordinating and facilitating the crime. Based on statements given by the arrested robbers, police…

Kathmandu — A major twist has emerged in the Nepal SBI Bank robbery case in Ghyanglekh Rural Municipality, Sindhuli, with police revealing that the owner of the house where the bank branch was operating is suspected to be the mastermind behind the incident. According to police, statements given by the…

Kathmandu — Police have arrested a man for illegally sending around five million SMS messages in a single day, allegedly to create panic and mobilize people for a pro-royalist demonstration. The Kathmandu Valley Crime Investigation Office arrested 34-year-old Nirdesh Sedhai from Hattisar, Kathmandu, at around 8:00 pm on Tuesday. According…