Latest NEPSE and Share Market News - Page 6
US Fed Holds Interest Rates Steady as Inflation and Living Costs Remain Major Concerns
The US Federal Reserve has kept interest rates unchanged despite persistent inflation and rising living costs, balancing price stability against a weakening labor market and growing economic risks.
CDSC Leadership Control Shifts to Finance Ministry, Curtailing NEPSE’s Management Role
CDS and Clearing Limited (CDSC) has amended its regulations to give the Ministry of Finance direct authority to appoint its board chairperson and CEO. The move follows a change in shareholding that reduced NEPSE’s ownership to 50.93%, raising questions about corporate autonomy and governance.
Cyclone ‘Arnab’ Raises Flood Risks Across Major River Basins in Nepal
Nepal’s Flood Forecasting Division has warned of rising river levels and possible flash floods and inundation until November 1 due to the impact of Cyclone ‘Arnab’, urging residents in vulnerable areas to remain alert.
Mechi Corridor Road Contract Terminated After Progress Stalls at 47%
The Ilam Road Division has terminated the contract for the 9.5-kilometer Belase–Golakharka Bhanjyang road section after construction progress remained at just 47% despite repeated deadline extensions.
Cyclone ‘Arnab’ to Bring Rain, Snowfall Across Nepal Until Saturday
The impact of Cyclone ‘Arnab’ in neighboring India is expected to bring cloudy skies, rainfall, and snowfall to several parts of Nepal until Saturday, with authorities warning of possible heavy precipitation and travel disruptions.
Nepal Rastra Bank to Withdraw Rs 150 Billion to Manage Excess Liquidity
Nepal Rastra Bank (NRB) will absorb Rs 150 billion from the banking system through its deposit collection instrument on Thursday to manage excess liquidity. The eight-day deposit collection will have its interest rate determined through a competitive bidding process.
SEBON Classifies 117 IPO Applications into Six Stages, Rs 71.42 Billion in Pipeline
The Securities Board of Nepal (SEBON) has classified IPO applications from 117 companies into six procedural stages for the first time. The applications represent more than Rs 71.42 billion, with two companies reaching the final review stage and 10 undergoing the fifth-stage review.
Spain Train Collision Kills 68, Dozens Injured in Deadly Rail Disaster
At least 68 people have died and dozens more have been injured after two high-speed trains collided in central Spain on Wednesday morning. The crash sent several carriages off the tracks and raised initial concerns over a computer system failure and possible human error.
Gold Price Rises by Rs 300, Silver Drops by Rs 50 per Tola in Nepal
Gold prices increased by Rs 300 per tola in the Nepali market on Thursday, while silver prices declined by Rs 50 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Nepal Calls for Space Technology to Tackle Climate Disasters in the Himalayas
Energy Minister Biraj Shrestha has stressed the need for satellite monitoring, regional cooperation and stronger early warning systems to address climate-induced disasters in the Himalayan region, warning that their impacts can extend hundreds of kilometres downstream.
Good News for Kathmandu Valley Residents: Citizenship Copies Now Available Without Visiting Home Districts
Residents of the Kathmandu Valley originally from other districts can now obtain duplicate copies of their citizenship certificates from designated district administration offices within the Valley, subject to biometric verification and digital record matching.
Birgunj Customs Office Exceeds Monthly Revenue Target, Collects Rs 26.73 Billion
Birgunj Customs Office collected Rs 26.73 billion in revenue in Ashoj, surpassing its monthly target by 1.02 percent, although its cumulative collection for the first three months of the fiscal year remained below target.