Economy News - Page 7
Gurans Laghubitta Announces 10% Dividend; 9.5% Bonus Shares on the Way
Gurans Laghubitta Financial Institution Limited (GLBSL) has proposed a 10% total dividend for shareholders, comprising 9.5% bonus shares and 0.5% cash dividend for tax purposes.
RBB Mutual Funds Announce Up to 6% Cash Dividend for Unitholders
RBB Mutual Fund 1 (RMF1) and RBB Mutual Fund 2 (RMF2) have announced 2.75% and 6% cash dividends, respectively, including tax, for their unitholders.
Capital Gains Tax Revised: 3.5% for Long-Term, 5% for Short-Term Holdings
The government has approved new capital gains tax rates on securities listed with SEBON, with the tax rate now linked to the holding period.
Gold Price Drops Rs. 2,300, Silver Falls Rs. 60
Gold prices fell by Rs. 2,300 per tola in the domestic market today, while silver declined by Rs. 60 per tola.
Government Expands Concessional Loan Scheme with New Categories and Revised Limits
The Government of Nepal has implemented the second amendment to the Interest Subsidy Procedure for Concessional Loans, 2082, expanding eligible loan categories, revising lending limits, and introducing targeted financial support for families of Gen-Z movement martyrs and injured individuals.
Banks Could Sell Shares After Just 45 Days Under New Capital Market Plan
The government has proposed reducing the minimum holding period for banks and financial institutions’ secondary-market share investments to 45 days, down from the current six-month requirement.
India Approves Up to 654 MW Power Supply to Nepal for 18 Hours Daily
India has approved the supply of up to 654 MW of electricity to Nepal for 18 hours a day until December 31, providing backup support as flood-damaged hydropower projects could increase Nepal’s winter power demand.
Gold Price Drops Rs. 900, Silver Also Slips in Nepal
Domestic gold prices declined today, with fine gold falling Rs. 900 to Rs. 300,100 per tola, while silver dropped Rs. 20 to Rs. 4,600.
SNORL Announces 10% Bonus Shares and 0.53% Cash Dividend
Snow Rivers Limited has proposed a 10% bonus share dividend along with a 0.5263% cash dividend for tax purposes from its FY 2082/83 profit.
Festival Relief: ATMs to Dispense Rs 100 Notes Across Nepal
Nepal Rastra Bank has directed banks and financial institutions to make Rs 100 notes available through ATMs, aiming to ease the rush for small-denomination notes during the upcoming Dashain and festive season.
RSML Announces 30% Cash Dividend for Shareholders
Reliance Spinning Mills Limited (RSML) has proposed a 30% cash dividend, including tax, from its profit for FY 2082/83.
SpaceX Acquires Cursor Maker Anysphere for $60 Billion
Elon Musk’s SpaceX has acquired Anysphere, the company behind AI coding platform Cursor, in a $60 billion all-stock deal, bringing 25-year-old Indian-origin co-founder Aman Sanger into the global spotlight.