Latest NEPSE and Share Market News - Page 47
Nepal Rastra Bank Tightens Rules for Hire Purchase Finance Companies
Nepal Rastra Bank has introduced stricter regulatory provisions for hire purchase finance companies, including a minimum paid-up capital of Rs. 300 million, lending limits, interest rate controls and stronger corporate governance requirements.
Egg Prices Rise as Demand Surges, Support Prices Increased
The Nepal Layers Poultry Farmers Association has raised the support prices of eggs following a rise in market demand and a decline in production after bird flu outbreaks and poultry deaths.
SEBON Chief Pledges Market Reforms, Short Selling and New Securities Act Amid NEPSE Decline
With the NEPSE index falling to around 2,650 and nearly 18% below its record high of 3,227, SEBON Chairman Dr. Gopal Bhatt has pledged stronger market reforms, investor protection, short selling and intraday trading mechanisms.
US-Iran Talks Stall, Oil Prices Rise as Global Markets Face Fresh Inflation Risks
Crude oil prices climbed after peace talks between the US and Iran over a ceasefire and the reopening of the Strait of Hormuz ended without a breakthrough, while Asian stock markets remained subdued amid persistent inflation uncertainty.
Gold and Silver Prices Surge in Nepal, Gold Jumps Rs. 6,400 per Tola
Gold and silver prices recorded a sharp rise in the Nepali market on Tuesday, with gold increasing by Rs. 6,400 and silver by Rs. 135 per tola.
Major Microfinance Merger Takes Shape as First Microfinance and Mahila Microfinance Sign MOU
First Microfinance and Mahila Microfinance have signed a preliminary agreement to merge, paving the way for a stronger and more geographically diversified microfinance institution.
NEPSE Extends Losing Streak, Drops 9.02 Points to Close at 2,641
The Nepal Stock Exchange (NEPSE) declined by 9.02 points, or 0.34%, on Monday, extending its losing streak for a second consecutive session. Turnover stood at Rs. 3.67 billion, with over 10.96 million shares traded.
Upper Solu Hydro Reports 84.41% Profit Growth, EPS Rises to Rs. 15.46
Upper Solu Hydro Electric Company Limited (USHEC) has reported an 84.41% year-on-year increase in net profit to Rs. 20.87 crore in Q4 FY 2082/83, supported by lower finance costs despite modest growth in electricity sales revenue.
Tehrathum Power Reports 288.40% Surge in Net Profit, EPS Rises to Rs. 11.17
Tehrathum Power Company Limited (TPC) has reported a 288.40% year-on-year jump in net profit to Rs. 8.93 crore in Q4 FY 2082/83, supported by higher electricity sales revenue and a sharp decline in finance costs.
Snow Rivers Reports 241.50% Surge in Net Profit, EPS Rises to Rs. 11.93
Snow Rivers Limited (SNORL) has reported a 241.50% year-on-year increase in net profit to Rs. 11.18 crore in Q4 FY 2082/83, supported by a sharp rise in electricity sales revenue.
Gold Price Falls Slightly, Silver Rises in Nepali Market
The price of gold declined by Rs. 200 per tola in the Nepali market on Monday, while silver became more expensive by Rs. 25 per tola.
Finance Minister Wagle to Hold Talks with 20 Major Multinational Taxpayers on Investment and Budget Implementation
Finance Minister Dr. Swarnim Wagle is holding a special discussion with representatives of 20 major multinational companies operating in Nepal to gather suggestions on budget implementation, business challenges, investment expansion, employment generation, and policy facilitation.