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Kathmandu- Legal proceedings related to the dissolution of the House of Representatives and the dispute over the legitimacy of the Nepali Congress leadership are unlikely to move forward before the House of Representatives election scheduled for Falgun 21. Developments at the Supreme Court indicate that hearings on both matters are…

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…

Jhapa — Senior leader of the Rastriya Swatantra Party (RSP) and outgoing Mayor of Kathmandu Metropolitan City, Balendra Shah (Balen), has issued a clarification regarding the use of dozers in squatter settlements in Kathmandu after questions were raised by locals during his visit to a squatter settlement in Jhapa. Shah…

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…

Kathmandu — President Ramchandra Paudel departed for an official visit to Japan on Sunday at the invitation of the Japanese government, coinciding with the 70th anniversary of the establishment of diplomatic relations between Nepal and Japan. President Paudel was seen off at the VVIP Lounge of Tribhuvan International Airport by…

Kathmandu- The price of gold has declined by Rs 13,400 per tola (11.66 grams) in the domestic market today. According to the Federation of Gold and Silver Dealers’ Association, gold is being traded at Rs 286,600 per tola today against Rs 300,000 per tola on Sunday. Similarly, the price of…

Kathmandu — The Ministry of Finance has approved resource consent worth Rs 19.15 billion for the management of elections to the House of Representatives and the National Assembly in the current fiscal year 2082/83. Of the total approved amount, Rs 6.31 billion has been released so far. According to the…

Kathmandu — Applications for the Initial Public Offering (IPO) of Suryakunda Hydro Electric Company Limited have opened for the general public from today, Magh 18. The company is issuing shares to the general public after completing the first-phase allocation to local residents of the project-affected areas and Nepalis working abroad.…