Latest NEPSE and Share Market News - Page 8
Two Exciting Matches Set for Today in Nepal Premier League
The third edition of the Nepal Premier League (NPL) will feature two matches at the TU International Cricket Ground in Kirtipur today, with Biratnagar Kings facing Chitwan Rhinos and Janakpur Bolts taking on Karnali Yaks.
Last Day to Secure Dividends of Manjushree Finance and Barun Hydropower
Investors must hold shares of Manjushree Finance and Barun Hydropower by today, October 27, to qualify for their respective dividends and participate in the upcoming annual general meetings (AGMs).
Final Day to Apply for RBB’s 6% Debenture Worth Rs. 3 Billion
Rastriya Banijya Bank Limited has set today, October 27, as the final deadline for investors to apply for its seven-year debenture offering an annual interest rate of 6%. The bank is issuing 3 million debenture units worth Rs. 3 billion.
Nepali Congress President-Elect Gagan Thapa to Take Oath on Saturday
Newly elected Nepali Congress President Gagan Thapa is scheduled to take the oath of office on Saturday at 2 PM at the party’s central office in Sanepa. The swearing-in ceremony follows the completion of vote counting in the party’s 15th General Convention, while the oath-taking of other office-bearers and Central Working Committee members is expected to take place after Dashain.
SEBON Proposes Major Mutual Fund Reforms: Foreign Investments, ETFs and Real Estate Funds on the Horizon
The Securities Board of Nepal (SEBON) has unveiled a draft Collective Investment Fund Policy, 2083, proposing major reforms to Nepal’s mutual fund industry. The draft aims to open avenues for foreign securities investments, exchange-traded funds (ETFs), real estate and infrastructure funds, and expand systematic investment plans (SIPs), while strengthening transparency, governance and investor protection.
Upper Hewakhola Hydropower’s 91.3% Rights Shares Enter SEBON Pipeline
Upper Hewakhola Hydropower Company Limited (UHEWA) has entered the preliminary review pipeline of the Securities Board of Nepal (SEBON) for a proposed 91.3% rights share issuance worth Rs. 52.50 crore. The company plans to issue 5.25 million rights shares to existing shareholders, with Reliable Investment and Merchant Capital Limited appointed as the issue manager.
SEBON and NEPSE Begin Stock Market Reform Talks, Focus on 30+ Areas of Restructuring
The Securities Board of Nepal (SEBON) and the Nepal Stock Exchange (NEPSE) have initiated discussions to implement recommendations from the government-appointed NEPSE Restructuring Recommendation Committee, 2082. The proposed reforms cover ownership, corporate governance, technology, human resources, trading systems and the expansion of investment instruments and services.
NRB Raises Daily Digital Wallet Deposit Limit to 50 Transactions During Festive Season
Nepal Rastra Bank (NRB) has temporarily increased the daily limit for deposits into individual digital wallets from 10 to 50 transactions during Dashain, Tihar and Chhath in 2083. The move aims to facilitate increased digital payments and provide greater convenience to users during the festive season.
Gold Price Rises by Rs. 1,700 Per Tola in Nepal, Silver Gains Rs. 115
Gold prices in Nepal increased by Rs. 1,700 per tola, reaching Rs. 2,90,100, while Tejabi gold also rose to Rs. 2,89,400 per tola. Silver prices climbed by Rs. 115 per tola to reach Rs. 4,150, according to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA).
Manjushree Finance Proposes 20% Dividend for Shareholders, AGM on Kartik 20
Manjushree Finance Limited (MFIL) has called its 19th Annual General Meeting (AGM) for Kartik 20, 2083, with a proposal to distribute a 20% dividend for fiscal year 2082/83. The proposed dividend includes 5% bonus shares worth Rs. 6.75 crore and a 15% cash dividend worth Rs. 20.27 crore for tax purposes.
Nabil Bank Launches Virtual Credit Card, Customers Can Apply Through nBank App
Nabil Bank Limited has introduced its Nabil Virtual Credit Card, allowing eligible and pre-approved customers to apply for and use a credit card digitally through the nBank App. The service supports QR-based payments through Fonepay Merchant QR, eliminating the need for traditional paperwork and branch visits.
Nepal Telecom Launches 30 Mbps Internet Package at Just Rs 4,999 a Year
Nepal Telecom has introduced a new affordable internet package offering 30 Mbps speed for Rs 4,999 annually. The new FTTH plans also include Wi-Fi 6 connectivity, free daily mobile data, telephone services and a waiver of the Rs 500 connection fee.