Latest NEPSE and Share Market News - Page 5
Shangri-la Development Bank Completes 22 Years, Enters 23rd Year of Operations
Shangri-la Development Bank Limited has completed 22 years of operation and officially entered its 23rd year. Marking the milestone, the bank organized an anniversary celebration at its central office in Baluwatar on Friday and announced several healthcare, education, and community support initiatives.
NRB Cuts Shareholdings of 35 Karnali Development Bank Shareholders to Just 1%
A management group formed by Nepal Rastra Bank (NRB) has reduced the shareholdings of 35 shareholders of troubled Karnali Development Bank Limited to 1%. The decision follows findings that the bank's paid-up capital had been completely eroded and some share capital had been illegally subscribed.
Ransomware Attack Exposes Major Cybersecurity Weaknesses in Nepal’s Stock Market
A ransomware attack on private data center Data Hub has exposed serious cybersecurity vulnerabilities in Nepal’s capital market, raising concerns over the safety of investors' data and trading systems. The incident revealed the risks of 72 broker companies relying on a single service provider and highlighted concerns over NEPSE's proposed cybersecurity improvements.
NEA Announces 8-Day Power Outage in Kathmandu Valley for Underground Cable Work
The Nepal Electricity Authority (NEA) has announced scheduled power cuts in various areas of Kathmandu Valley from Kartik 13 to 20 to carry out underground cable installation and upgrade the electricity transmission and distribution system. Electricity supply will be disrupted daily from 10:30 AM to 4:00 PM in the affected areas.
Dinesh Thakali Unanimously Elected President of Development Bankers Association Nepal
Dinesh Thakali, Chairman of Kamana Sewa Bikas Bank, has been unanimously elected as the new president of Development Bankers Association Nepal (DBAN). The association selected a nine-member executive committee during its 21st Annual General Meeting held in Kathmandu.
Vision Lumbini Urja Proposes 3.6842% Cash Dividend, Calls 8th AGM
Vision Lumbini Urja Company Limited (VLUCL) has proposed a 3.6842% cash dividend for its shareholders and announced the date of its 8th Annual General Meeting (AGM). The company has also fixed Kartik 16 as the book closure date.
Cyclone Arnab and Westerly Winds Bring Rainfall Risk Across All Seven Provinces of Nepal
Nepal is likely to experience rainfall across all seven provinces due to the combined influence of Cyclone Arnab, which developed over the Bay of Bengal, and westerly winds. Heavy rainfall is particularly expected in parts of Koshi and Bagmati provinces, raising concerns about floods, landslides, and rising river levels.
Sudurpashchim Economy Projected to Reach Rs. 463.89 Billion, With Growth Estimated at 3.28%
Nepal Rastra Bank's latest annual economic report projects Sudurpashchim Province's GDP at Rs. 463.89 billion for FY 2025/26, accounting for 7.03% of Nepal's national economy. While agriculture, tourism, banking, and infrastructure show mixed progress, declining agricultural credit and relatively low industrial capacity utilization remain major concerns.
Gold and Silver Prices Decline in Nepal as Gold Drops by Rs. 3,200 Per Tola
Gold and silver prices witnessed a decline in the Nepali market on Friday, Kartik 13. Gold dropped by Rs. 3,200 per tola, while silver fell by Rs. 105 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Binance Hit by $6.3 Billion Cyberattack in One of Crypto’s Biggest Security Breaches
Binance has reportedly suffered a massive cyberattack involving approximately $6.3 billion in digital assets. While nearly half of the affected funds have reportedly been frozen with assistance from other crypto companies, Binance has assured users that it will cover all customer losses.
Nagdhunga Tunnel to Start Charging Tolls from November 1
Vehicles using the Nagdhunga–Naubise tunnel will be charged tolls starting November 1, with rates ranging from Rs. 60 to Rs. 600 depending on vehicle type and travel direction.
Mustang’s Apple Production Hits Rs. 1.15 Billion, Rises 5.29%
Mustang has produced 7,038.54 metric tons of apples worth an estimated Rs. 1.15 billion this year, marking a 5.29% increase compared to last year, according to preliminary government data.