Latest NEPSE and Share Market News - Page 80
Forex Update: Nepal Rastra Bank Unveils Today's Foreign Exchange Rates; US Dollar and Euro Hold Strong
Nepal Rastra Bank (NRB) has released the official foreign exchange rates for Friday, setting the US Dollar selling rate at Rs 153.52 and the European Euro at Rs 177.12, while noting that commercial bank rates may slightly vary.
Securities Scam: FNCNE Chairman Nicholas Pandey Named as Defendant, Declared Fugitive in Multi-Million Share Manipulation Case
The District Government Attorney's Office has filed a court case against Federation of Nepal Construction Entrepreneurs Chairman Nicholas Pandey for his alleged involvement in a major stock market manipulation racket orchestrated alongside businessman Deepak Bhatta.
Race for Top Investment Spot Reopens: Government Seeks New CEO for Investment Board Nepal
The government has officially restarted the recruitment process for the Chief Executive Officer (CEO) of Investment Board Nepal (IBN), inviting highly qualified Nepali experts to apply through an open competition.
Minister Shrestha Opens PPA for Under 10 MW Projects; Targets 1,500 kWh Per Capita Consumption
Speaking at IPPAN's 26th General Assembly, Energy Minister Biraj Bhakta Shrestha unveiled sweeping energy sector reforms, warning inactive license holders while opening direct international power trade and private transmission lines.
System Liquidity Management: Central Bank to Mopping Up Rs 100 Billion via Deposit Collection Today
Nepal Rastra Bank (NRB) is set to float a 19-day deposit collection instrument worth Rs 100 billion to absorb excess liquidity from the banking sector through an automated online bidding mechanism.
Non-Compliance Crackdown: Problematic Cooperatives Management Committee Exposes 132 Defaulters
The Office of the Problematic Cooperatives Management Committee has publicly blacklisted 132 loan defaulters from Hamro Naya Krishi and Krishi Bikash Multipurpose Cooperatives, issuing a strict ultimatum for immediate repayment.
Friday Market Update: Gold Hits Rs 292,000 as Silver Climbs to Rs 4,840
The Nepalese bullion market witnessed a massive rally on Friday, with fine gold skyrocketing by Rs 5,300 per tola to trade at Rs 292,000, while silver jumped by Rs 190 per tola.
Kumari Bank Pioneers Nepal's First ERP-Driven Digital Loan Platform for SMEs
In a major leap for financial inclusion, Kumari Bank partners with IMS Software to launch Nepal’s first integrated digital credit platform, offering up to Rs. 500,000 in collateral-free working capital loans to small businesses.
Historic Media Feat: Nepali Enterprise Directs FIFA World Cup 2026 Broadcasting with NPR 400 Million Project
In a historic first for Nepal's media industry, Ace Pro Media has bypassed Indian syndicates to secure direct broadcasting rights from FIFA for the 2026 World Cup. The total project cost, including technical overheads, touches nearly NPR 400 million, with revenues heavily driven by dedicated TV channels and digital pay-per-view applications.
Government Committee Recommends Cancellation of 38 Sluggish Hydropower Licenses Totaling 1,388 MW
A high-level committee under the Ministry of Energy, Water Resources, and Irrigation has recommended revoking the licenses of 38 hydropower projects with a combined capacity of 1,388 MW due to zero progress despite Power Purchase Agreements (PPAs). The move follows the government's 100-point governance reform action plan and the budget statement targeting inactive projects.
Trump's "I Like Inflation" Comment Sparks Outrage as US Prices Hit 3-Year High
US President Donald Trump triggered intense debate after expressing a controversial fondness for inflation following a sharp rise in consumer prices to 4.2% in May. Driven by soaring energy costs from the escalating US-Israel conflict with Iran, the inflation surge presents a shifting economic and political challenge as midterm elections approach.
Precious Metals Plunge: Gold Drops by Rs. 5,100 Per Tola, Silver Follows Suit
The domestic market witnessed a notable decline in precious metal prices today, with fine gold dropping by Rs. 5,100 per tola to stand at Rs. 286,700. According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), Tejabi gold and silver prices also recorded downward corrections in tandem with the market trend.