Latest NEPSE and Share Market News - Page 12
Home Minister Urges Gorkha Residents to Evacuate as Budhi Gandaki River Swells
Home Minister Sudan Gurung has urged residents living along the Budhi Gandaki River in Gorkha district to move to safer locations immediately as rising floodwaters threaten riverside settlements. Several houses in Ghattekhola have been inundated, while a bridge connecting Nyakchet and Philim Bazaar has reportedly been swept away.
Gold and Silver Prices Rise in Nepal, Gold Hits Rs. 296,500 per Tola
Gold and silver prices have increased in Nepal’s domestic market, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold rose by Rs. 800 per tola to Rs. 296,500, while Tejabi gold also gained Rs. 800 to reach Rs. 295,800 per tola. Silver prices climbed by Rs. 35 to Rs. 4,440 per tola.
Dashain New Note Exchange Frustrates Customers at Banks, Nepal Rastra Bank Offers Faster Service
Customers seeking fresh banknotes for Dashain have reported difficulties exchanging money at several commercial bank branches, despite official information indicating that the service would be available through different banks. In contrast, Nepal Rastra Bank’s Thapathali office has been praised by customers for providing a quick and convenient exchange service, with one visitor reporting that the process took just five minutes.
US Reportedly Suspends Green Card Processing for Eight Major IT Firms, Raising Concerns for Indian Workers
Reports claim that the Trump administration has suspended Permanent Labor Certification (PERM) processing for eight major technology companies, including TCS, Infosys, Wipro, HCL, Microsoft, Adobe, Cognizant, and Capgemini. If confirmed, the move could delay employment-based green card applications for some Indian IT professionals working in the United States. However, the reported suspension and its scope require official verification.
Nepal Supreme Court Scraps Mandatory National ID Requirement for Banking Services
Nepal’s Supreme Court has overturned the mandatory requirement for a National Identity Card or its number to access essential banking services, including account operations, KYC updates, and mobile number changes. The ruling directs authorities to allow customers to use citizenship certificates and other valid identification documents until they obtain a National Identity Card or its number.
Shares Worth 27.29 Million Units Set to Be Unlocked Across Six Nepalese Companies
Shares held by founders and mutual funds in six companies listed on Nepal’s secondary stock market are set to be released from their lock-in periods over the next month. A total of 27,291,250 shares will become eligible for trading under applicable regulations, potentially increasing market supply and drawing investors’ attention to the companies.
Dashain Homecoming: Gaddachauki Border Sees Surge in Nepali Migrant Workers Returning from India
As Dashain approaches, activity has increased at the Gaddachauki border crossing in Kanchanpur, with Nepali migrant workers returning from various Indian cities to celebrate the festival with their families. Authorities have strengthened security, established passenger assistance desks, and introduced health screenings to ensure safe and convenient travel during the festive season.
Navratri Begins with Ghatasthapana: Devotees Sow Jamara to Welcome Goddess Durga
Navratri begins today with Ghatasthapana, the sacred ritual of sowing barley seeds to grow Jamara, a symbol of prosperity, good fortune, and blessings. Devotees across Nepal perform special prayers to Goddess Durga, marking the beginning of nine days of religious observance and worship.
Flash Flood Ravages Gorkha’s Chum Nubri, Sweeps Away 35 Houses
A sudden surge in the Budhi Gandaki River has caused widespread destruction in Gorkha’s Chum Nubri Rural Municipality, washing away around 35 houses, damaging Machhikhola Bazaar, and destroying a suspension bridge to Kerauja. Rescue teams and helicopters have been deployed as authorities warn of potential flooding downstream toward the Trishuli confluence.
Floodwaters Sweep Away Key Bridge Near Arughat, Severing Transport Links Between Gorkha and Dhading
Rising floodwaters in the Budhi Gandaki River have swept away a vital bridge near Arughat Bazaar, completely disrupting transportation between Gorkha and Dhading. The latest incident follows the destruction of three bridges and dozens of homes and sheds across northern Gorkha, raising further concerns about flooding and riverbank erosion in downstream areas.
Electricity Supply in Kathmandu Valley May Be Affected on October 10–11
Nepal Electricity Authority (NEA) is upgrading the Matatirta–Syuchatar 132 kV transmission line, which may disrupt electricity supply in parts of Kathmandu Valley on Saturday and Sunday.
National Cooperative Bank Raises Concerns Over Cooperative Act Amendments, Calls for Stronger Risk Management
National Cooperative Bank Limited has clarified its position on recent changes to the Cooperative Act, 2074, emphasizing legal compliance, transparent asset valuation, protection of members’ ownership, and stronger risk management to maintain financial stability in the cooperative sector.