Latest NEPSE and Share Market News - Page 79
New Immigration Bill Proposes 10-Year Free Visa for Non-Resident Nepalis to Boost Diaspora Ties
The Ministry of Home Affairs has drafted a comprehensive new Immigration Bill that proposes a 10-year complimentary visa for Non-Resident Nepalis (NRNs) and their families, while simultaneously modernizing visa categories and tightening global border security frameworks.
Global Markets Rally and Oil Prices Plunge Following Historic US-Iran Ceasefire Agreement
Stock markets across the Asia-Pacific region and US futures surged on Monday morning while crude oil prices dropped by over 4% after US President Donald Trump and Iranian officials officially confirmed an agreement to end the war and reopen critical trade routes.
Kathmandu Inundation Alert: KMC Identifies 128 Monsoon Hotspots as 8,000+ Families Face Flood Risk
The Kathmandu Metropolitan City (KMC) has mapped out 128 locations across the district vulnerable to monsoon flooding, predicting that over 8,300 families will be impacted. In response, a comprehensive pre-monsoon preparedness plan has been greenlit, identifying high-risk areas—with Ward 14 being the most vulnerable—and securing schools, parks, and open spaces for emergency shelter.
Nepal’s Economic Paradox: Tourism and Exports Surge While Manufacturing Slumps to Record Lows
The central bank's latest economic report reveals a mixed bag for Nepal's economy. While tourism, remittances, and exports show strong signs of recovery, the domestic manufacturing sector is facing a severe crisis, with overall factory capacity utilization dropping below 43%.
Musk’s Cosmic Jackpot: SpaceX Debut Crowns Elon Musk as the World’s First Trillionaire Amid Intense Global Debate
Elon Musk has officially become the world’s first trillionaire following the blockbuster stock market debut of his aerospace company, SpaceX. Listing on the Nasdaq with a $2.2 trillion valuation, the stock surge propelled Musk’s net worth to a historic $1.11 trillion. While investors are thrilled by his multi-planetary ambitions, the milestone has ignited fierce global backlash over extreme wealth inequality and Musk's controversial political influence.
Kathmandu Tangled Web: Government Moves to Untangle Valley’s Cable Chaos
The Ministry of Energy, Water Resources, and Irrigation, in partnership with the Ministry of Information and Communication, has launched a major cleanup initiative to remove unused, tangled overhead cables across key areas of the Kathmandu Valley. The drive aims to eliminate urban eyesores, boost public safety, and minimize roadside hazards.
India's NHPC to Partner on Nepal's 480 MW Phukot Karnali Project
India's state-owned NHPC Limited is set to partner with Nepal's Vidhyut Utpadan Company Limited (VUCL) to jointly develop the 480 MW Phukot Karnali Hydropower Project in Kalikot, Nepal. Following a draft MoU reached during a bilateral energy meeting and awaiting Cabinet approval, the two entities will form a joint venture. NHPC will hold a 51% stake, assume the responsibility for securing project loans, and guarantee a market for the generated electricity, while Nepal will receive 21.9% of the power free of cost. This marks NHPC's third major hydropower venture in Nepal.
Nepal Rastra Bank Report Unmasks Toxic Lending Practices and Surge in Bad Loans Across Commercial Banks
Nepal Rastra Bank’s FY 2024/25 Annual Supervision Report reveals a worrying financial decay within the banking sector, as bad loans cross Rs 220 billion and internal audits expose deep-rooted systemic manipulations like "evergreening."
Global IME Bank Appoints Bindra Hada Bhattarai as Independent Director
Global IME Bank Limited has expanded its Board of Directors by appointing seasoned public policy and administration expert Bindra Hada Bhattarai as an Independent Female Director.
Bhujung Hydropower Appoints New Board at 4th AGM
Bhujung Hydropower Limited has successfully hosted its 4th Annual General Meeting in Kathmandu, approving its annual financial accounts and electing a new leadership board across promoter and public shareholder categories.
Gold and Silver Rates Climb in Domestic Market; Fine Gold Rises to Rs 293,200 Per Tola
Domestic precious metal prices recorded moderate gains on Sunday, with fine gold increasing by Rs 1,200 per tola to settle at Rs 293,200, alongside upward movements in Tejabi gold and silver.
Nepal Rastra Bank Issues Fresh Exchange Rates; US Dollar Selling Rate Set at Rs 152.48
Nepal's central bank, Nepal Rastra Bank, has released today's official foreign exchange rates, fixing the US Dollar selling rate at Rs 152.48 alongside updated benchmarks for major global currencies.