Latest NEPSE and Share Market News - Page 46
Q4 Update: Kumari Bank’s Profit Surges 306% to Rs. 7.39 Billion
Kumari Bank Limited has reported a sharp 305.96% year-on-year increase in net profit to Rs. 7.39 billion in Q4 of FY 2082/83, supported by higher net interest income and a reversal of impairment charges.
NIC Asia Capital Proposes 50% Cash Dividend
NIC Asia Capital Limited has proposed a 50% cash dividend, including tax, for its shareholders from the profits of FY 2082/83. The proposal will be presented for final approval at the company’s upcoming 10th Annual General Meeting (AGM).
MEPDL Shares Begin Trading at Rs. 300
Mount Everest Power Development Limited (MEPDL) recorded its first share transaction at Rs. 300 per share during Wednesday’s Special Pre-Open Session on the Nepal Stock Exchange (NEPSE).
Gold and Silver Prices Decline in Nepal
Gold and silver prices declined in the Nepali market on Wednesday, with gold falling by Rs. 1,200 per tola and silver dropping by Rs. 35 per tola.
Government Introduces Standard Application Format for Public Services
The Government of Nepal has approved a new guideline to standardize application forms used across government offices, simplify public service delivery, and gradually transition traditional paper-based applications into digital formats.
NRN Development Fund Clears Path for Rs. 8.5 Billion IPO
The NRN Development Fund has cleared a major regulatory hurdle to launch an IPO worth approximately Rs. 8.5 billion, with 85% of its total capital to be raised from Non-Resident Nepalis (NRNs). The move marks a significant new development for Nepal’s capital market and aims to channel diaspora capital into productive sectors of the Nepali economy.
Eight Apply for NEPSE CEO Position
A total of eight candidates have applied for the vacant Chief Executive Officer (CEO) position at the Nepal Stock Exchange (NEPSE). The selection committee will now evaluate their business plans before shortlisting candidates for presentations and interviews.
Sarbottam Paints IPO Listed on NEPSE
Sarbottam Paints Industries Limited (SAPIL) has been listed on the Nepal Stock Exchange (NEPSE), with 3.4 million shares now available for trading. The company’s first trading session will begin with an opening range of Rs. 100 to Rs. 300.
Gas Shortage Reported in Tanahun as Administration Steps Up Supply Coordination
A cooking gas shortage has been reported in several parts of Tanahun, prompting the District Administration Office to intensify coordination with gas industries, dealers, and federal authorities to increase supplies and ensure consumers have easier access to LPG.
NEPSE Edges Up 0.79 Points as Market Remains Nearly Flat
Nepal’s stock market ended marginally higher on Tuesday, with the NEPSE index gaining 0.79 points to 2,641.85 amid moderate trading activity.
Veteran Investor Chhotelal Rauniyar Proposes 15-Point Reform Agenda for Nepal’s Capital Market
Former Nepal Investors Forum Chairman and veteran investor Chhotelal Rauniyar has submitted 15 recommendations to SEBON, calling for lower capital gains tax, market modernization, easier investment access and stronger investor protection.
Transport Entrepreneurs Seek Tax Relief for EV Parts, Propose Accident Relief Fund
The National Federation of Nepal Transport Entrepreneurs has urged the government to provide customs duty exemptions on electric vehicle parts and introduce measures to promote environmentally friendly transportation.