Latest NEPSE and Share Market News - Page 112
Official NRB Exchange Rates for Tuesday
The central bank has updated exchange rates for today, with the USD at Rs 150.41 and the Euro at Rs 176.64.
Industry Rebound: Construction and Manufacturing Return to Growth in FY 2082/83
Nepal's economy is set to reach Rs 66 trillion this year, fueled by a 21% jump in electricity production despite a dip in crop yields.
Market Correction: Stock Index Settles at 2,770 After Volatile Trading Session
The benchmark index fell 0.93% to settle at 2,770.26 today, with total market turnover reaching Rs 6.53 billion.
Earnings Under Pressure: NIC Asia Reports Only Rs 14 Crore Profit in Q3
NIC Asia Bank’s profit fell to Rs 140.3 million this quarter, with distributable earnings hitting a massive negative balance.
Strong Q3 Surge: Siddhartha Bank’s Profit Climbs by Over 20%
Siddhartha Bank’s profit rose to Rs 2.01 billion today, while its distributable fund surged to nearly Rs 3 billion.
EPS on the Rise: Machhapuchchhre Bank Records Strong Financial Turnaround
Machhapuchchhre Bank's profit hit Rs 1.65 billion today, with EPS rising to Rs 18.30 after a sharp drop in impairment costs.
Nabil’s Q3 Milestone: Net Profit Surpasses Rs 6.5 Billion Mark
Nabil Bank reported a massive Rs 6.76 billion profit this quarter, significantly boosting its ability to reward shareholders.
Profit Surge: Nepal's Commercial Banks Report 19% Rise in Collective Earnings
Nabil Bank earned a record Rs 6.76 billion this quarter, while Kumari Bank saw a massive 1361% profit jump.
NEPSE Chairman Hemanta Basyal Resigns Mid-Tenure
Chairman Hemanta Basyal resigned Tuesday after meeting Finance Minister Dr. Swarnim Wagle, citing specific personal reasons for his departure.
A Break for Buyers: Gold Prices Shed Rs 3,000 in Sudden Shift
Gold and silver fell by Rs 3,000 and Rs 100 today, settling at Rs 297,500 and Rs 4,945 per tola.
Today's Forex: US Dollar Crosses Rs 151 as NRB Updates Exchange Rates
Nepal Rastra Bank (NRB) updates foreign exchange rates for Monday, with the US Dollar selling at Rs 151.10 and the Euro at Rs 177.07.
Nepal Bank’s Q3 Performance: Net Profit Climbs to Rs 2.79 Arba
Nepal Bank Limited (NBL) posts a net profit of Rs 2.79 Arba in Q3, bolstered by improved interest income and a significant reversal in impairment charges.