Nepal Rastra Bank has reduced the minimum holding period for banks’ investments in listed shares and debentures from six months to 45 days, while introducing tighter investment governance and risk-management requirements.
40 MW Rahughat Hydropower Project in Myagdi, developed by Raghuganga Hydropower Limited, has started power generation from its two 20 MW units and has been successfully connected to Nepal’s national grid.
Indian bank employees are set to stage a three-day nationwide strike from September 28 to 30, demanding a five-day banking week, with payments and other banking services expected to face disruptions.
Prime Minister Balendra Shah has used his address to the 81st UN General Assembly to highlight Nepal’s growing climate vulnerability, call for climate justice and propose a regional Himalayan Climate Resilience Mechanism.
Continuous rainfall has triggered landslides at seven locations along the Prithvi Highway, completely blocking the road at two points and restricting traffic to one-way movement at others.
Gold and silver prices continued their downward trend in Nepal on Friday, with gold declining by Rs. 500 per tola and silver by Rs. 30 per tola.
The Prithvi Highway will be completely closed to all vehicles overnight from Thursday evening to Friday morning due to the risk of heavy rainfall, floods and landslides.
NEPSE recovered 11.77 points to close at 2,629.81, while daily turnover stood at Rs. 5.44 arba as the market bounced back from the previous session’s 36.25-point decline.
Nepal Rastra Bank will collect Rs. 20 billion in deposits from licensed banks and financial institutions through a bidding process to manage excess liquidity in the financial system.
Upper Hewakhola Hydropower has disclosed that promoter shareholder Bhim Lal Paudyal intends to sell 80,000 promoter shares within the next three months.
Domestic gold prices declined by Rs. 3,200 per tola, while silver also fell by Rs. 165 per tola in the latest market update.
Sanima Middle Tamor Hydropower has proposed a 5.263% cash dividend, including tax, for FY 2082/83 and called its 11th Annual General Meeting for Ashwin 30.