Latest NEPSE and Share Market News - Page 50
Nepal Government Implements Revised Salary Structure with 10% Incentive Allowance
The Ministry of Finance has published the revised salary scale and allowances for government employees, effective Shrawan 1, FY 2083/84, following the Cabinet's approval of a 10% salary hike and an additional 10% monthly incentive allowance.
SEBON Set to Resume IPO Approvals Under Existing Review Standards
The Securities Board of Nepal (SEBON) is preparing to restart the stalled IPO approval process by evaluating all pending and new applications under the Financial Statement Review Standards, 2081, while separate committees work on long-term market reforms.
Nepal Telecom Waives Late Payment Penalties on Outstanding Dues
Nepal Telecom (NTC) has announced a full waiver of late payment penalties for customers with outstanding service dues up to FY 2080/81, provided they clear their payments by the end of Poush 2083 BS.
NRB Digitizes Open Market Operations, Tightens Rules for Banks
Nepal Rastra Bank (NRB) has introduced a revised Open Market Operations Procedure, 2083, replacing paper-based processes with online bidding while imposing stricter penalties on banks that fail to comply with operational rules.
Nepal Life Credits 5% Bonus Shares to Eligible Shareholders
Shareholders who held Nepal Life Insurance shares as of Poush 7, 2082 BS have now received their 5% bonus shares directly into their respective Demat (beneficiary) accounts.
Everest Bank Reports Rs. 5.07 Billion Profit in FY 2082/83
Everest Bank Limited reported a 4.75% year-on-year increase in net profit to NPR 5.07 billion for FY 2082/83, supported by growth in deposits and lending despite higher impairment charges.
Gold Price Jumps Rs. 4,200 per Tola, Reaches Rs. 288,000
Gold prices in Nepal rose sharply on Wednesday, with fine gold increasing by Rs. 4,200 per tola to Rs. 288,000, while silver also gained Rs. 95 per tola.
NEPSE Rises 4.79 Points; SOHL Leads Turnover
The Nepal Stock Exchange (NEPSE) ended Wednesday's trading session 4.79 points higher at 2,667.97, with Solu Hydropower Limited leading both turnover and gainers.
Kathmandu's Cable Cleanup Delayed Despite Government Deadline
Kathmandu continues to struggle with disorganized telephone, internet, and electricity cables despite government directives to complete cable management by Shrawan 15, with authorities now seeking an additional 15 days to finish the work.
Nepal Oil Corporation Forms Quick Response Team to Prevent LPG Shortages
Nepal Oil Corporation (NOC) has formed a Quick Response Team to address LPG supply disruptions and consumer complaints following a directive from the Minister of Industry, Commerce and Supplies to ensure uninterrupted cooking gas availability across the country.
SEBON Forms High-Level Task Force to Reform Nepal's Primary Market
The Securities Board of Nepal (SEBON) has formed a high-level task force to improve transparency, efficiency, and investor confidence in the country's primary capital market through regulatory and procedural reforms.
Nabil Bank's Profit Jumps 33.5% to NPR 7.91 Billion
Nabil Bank has reported a 33.5% year-on-year rise in net profit to NPR 7.91 billion for FY 2082/83, driven by lower impairment charges, improved operating performance, and stronger dividend capacity.