Latest NEPSE and Share Market News - Page 71
Nepal's First Road Tunnel Enters Final Prep for Saun Operation
The Naagdhunga Tunnel, Nepal's pioneering road tunnel project, is undergoing final technical and safety evaluations ahead of its scheduled commercial opening in the month of Saun. Built with a budget of approximately Rs 22 billion—largely funded by the Japanese government through JICA—the 2.68-kilometer infrastructure project successfully tested its specialized maintenance and rescue fleets to ensure operational readiness.
Petrol Pumps Create Artificial Shortage Following NOC Price Cut
A widespread shortage of petroleum products has hit Kathmandu and other parts of the country after local petrol pumps refused to lift fuel from depots, fearing financial losses due to Tuesday's massive price cuts by the Nepal Oil Corporation (NOC). In response to the growing disruption and 'No Petrol' signs, NOC has deployed monitoring teams with strict authorization to immediately seal non-compliant stations.
Kalanga and Sanigad Hydropower IPOs Listed on NEPSE
The Nepal Stock Exchange (NEPSE) officially listed the Initial Public Offerings (IPOs) of Kalanga Hydro (KAHL) and Sanigad Hydro Limited (SGHL) on Wednesday, Asar 17. A combined total of 42.5 million shares were listed between the two companies, with regular trading scheduled to commence this Thursday following their designated special pre-open sessions.
Gold and Silver Prices Decline in Nepalese Market
The domestic precious metals market in Nepal witnessed a downward trend on Wednesday, Asar 17, as both gold and silver prices registered losses. According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold dropped by Rs 600 per tola, while silver prices decreased by Rs 15 per tola, continuing a recent streak of price declines.
Financial Disclosure Reveals President Trump Earned Over $1 Billion From Cryptocurrency Ventures
According to his mandatory 927-page financial disclosure for 2025, US President Donald Trump accumulated more than $1 billion in earnings from cryptocurrency dealings. Despite severe ethics criticisms regarding blatant conflicts of interest, the White House has heavily dismissed the claims, maintaining that the President's actions serve the American public and have successfully positioned the country as the global crypto capital.
NASA Satellite Analysis Indicates Over 58,000 Buildings Damaged in Venezuela Quakes
A preliminary satellite data assessment published by NASA reveals that more than 58,000 buildings were likely damaged or destroyed after twin earthquakes measuring magnitudes 7.2 and 7.5 hit Venezuela. The historic disaster has left approximately 1,700 people dead and thousands more missing across the South American nation.
NOC Slashes Fuel Prices; Petrol Drops by Rs 20, Cooking Gas Down by Rs 100
The state-owned Nepal Oil Corporation (NOC) has announced a significant reduction in the retail prices of major petroleum products and cooking gas. Driven by its automated pricing mechanism and declining procurement costs from India, the rate cuts bring widespread relief to consumers, with petrol prices slashed by Rs 20 per liter and cooking LPG reduced by Rs 100 per cylinder.
US and Iran Agree to De-escalate and Resume Diplomatic Talks in Doha
Following days of intense military exchanges around the strategic Strait of Hormuz, the United States and Iran have agreed to temporarily cease all kinetic activities. High-level delegations from both nations are scheduled to resume critical diplomatic talks in Doha, Qatar, to stabilize the region and rescue a fragile ceasefire agreement.
Over 11 Million Bonus Shares of NMB Bank, NIL, and Super Mai Hydropower Listed in NEPSE
The Nepal Stock Exchange (NEPSE) has successfully listed the newly issued bonus shares of NMB Bank Limited, Neco Insurance Limited, and Super Mai Hydropower Limited following approvals from their respective Annual General Meetings (AGMs) for the fiscal year 2081/82.
Nepal Rastra Bank Unveils Daily Reference Rates for Major Foreign Currencies
Nepal's central bank, Nepal Rastra Bank (NRB), has issued its official foreign exchange rate schedule for today, Monday. The benchmark update positions the selling price of the US Dollar at Rs. 151.34 and the European Euro at Rs. 172.29, serving as the foundational metrics for commercial banking counters nationwide.
National Paddy Day Celebrated Nationwide with Calls for Better Irrigation and Fertilizer Supply
Nepal marked its 23rd National Paddy Day and Plantation Festival with the slogan 'Climate-friendly technology, self-sufficiency in paddy, and prosperity.' While the event showcased modern agricultural technologies like drone spraying, officials and farmers highlighted critical hurdles, including an annual deficit of 1 million metric tons of paddy and persistent fertilizer shortages.
How Elon Musk Overcame Near-Bankruptcy to Become the World’s First Trillionaire
From the brink of total financial ruin during the 2008 global financial crisis, Elon Musk’s high-stakes gamble with SpaceX has culminated in an unprecedented financial milestone. Following SpaceX's highly anticipated IPO, Musk’s net worth has surged past $1.1 trillion, cementing his status as the world's first trillionaire as he celebrates his 55th birthday.