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Kathmandu—Nepal Investment Mega Bank Limited has announced the sale of approximately 348,853 units of promoter (founder) shares currently held by nine of its promoter shareholders. According to the bank, the promoter shares have been put up for sale exclusively for existing founding shareholders at this stage. Interested promoter shareholders are…

Kathmandu—The Nepal Stock Exchange (NEPSE), which had gained momentum following the confirmation of elections, witnessed a sharp decline on Tuesday, shedding more than 42 points amid broad-based selling pressure. After surging by 57 points on Sunday and undergoing a marginal correction of around 3 points on Monday, the market fell…

Kathmandu—The widespread damage seen in Sal (Shorea robusta) forests across Dang, Dailekh, and Surkhet in western Nepal has been confirmed as a severe defoliator insect infestation, not forest fire, according to a detailed scientific study conducted by the Forest Research and Training Center under the Ministry of Forests and Environment.…

Kathmandu—Even as the country remains engaged in election-related activities, the outflow of Nepalis seeking employment abroad continues at a significant pace. Nearly 600,000 Nepalis left the country for foreign employment in the first six months of the current fiscal year 2082/83. According to the Department of Foreign Employment, a total…

Kathmandu—The upward trend in gold prices continued on Tuesday, with the precious metal setting yet another record in the domestic market. Gold price increased by Rs 300 per tola on Tuesday compared to Monday, reaching its highest level so far. According to the Federation of Nepal Gold and Silver Dealers,…

Kathmandu-People’s Hydropower Company Limited has announced its plan to sell 500,000 shares of Upper Hewakhola Hydropower Company Limited through the stock market. The company made the decision public through an official notice issued to investors and stakeholders. According to the notice, the shares will be traded through the regular secondary…

Kathmandu- Support Laghubitta Bittiya Sanstha Limited has recorded a significant improvement in its financial performance, with net profit rising by more than 104 percent in the first half of the current fiscal year. According to the unaudited financial statements for the second quarter, the microfinance institution earned a net profit…

Kathmandu- Nepal and Saudi Arabia have signed a long-awaited bilateral labor agreement, 48 years after the establishment of diplomatic relations between the two countries, marking a major milestone in foreign employment cooperation. The agreement was signed in Riyadh on Sunday night by Nepal’s Minister for Labor, Employment and Social Security…

Kathmandu- Bhujung Hydropower Limited has opened its initial public offering for the general public from Sunday, issuing a total of 830,000 units of ordinary shares in the second phase of its IPO. Out of the total shares on offer, 50,000 units have been allocated for collective investment funds and 20,000…

Kathmandu- The Commission for the Investigation of Abuse of Authority (CIAA) has filed a corruption case against six individuals, including the then ward chair of Dang’s Rajpur Rural Municipality and the former chief of the Area Administration Office, Lamahi, on charges of illegally granting Nepali citizenship to Indian nationals by…