Latest NEPSE and Share Market News - Page 81
Sarvottam Paints Industries Opens IPO for General Public Starting Today
Following its successful allocation to migrant workers and mutual funds, Sarvottam Paints Industries Limited is opening its Initial Public Offering (IPO) of 705,500 shares to the general public starting today, Jestha 28. Investors can apply for a minimum of 10 shares until Ashadh 2, with Global IME Capital Limited managing the issue.
Nepal Airlines Soars: Revenue Hits NPR 14.69 Billion in 10 Months as International Flights Stabilize
Nepal Airlines Corporation (NAC) recorded a significant 24.91% increase in revenue, reaching NPR 14.69 billion during the first ten months of the current fiscal year. This financial boost is driven by an increase in passenger numbers, smooth operational management, and highly lucrative international routes, with Tokyo's Narita sector leading the growth.
Nepal and India Launch Real-Time UPI-NPI Digital Remittance Gateway for Migrant Workers
Nepal and India have formally operationalized a cross-border digital remittance service linking Nepal’s National Payments Interface (NPI) with India’s Unified Payments Interface (UPI), allowing migrant workers to bypass traditional networks and transfer funds directly via mobile apps.
Himalayan Power Partner (HPPL) Opens Auction for Over 468,000 Unclaimed Right Shares
Himalayan Power Partner Limited (HPPL) has initiated an auction for 468,740 units of ordinary right shares starting today, Jestha 27. The auction includes the unsubscribed portion of its recent rights issuance and will remain open until Ashar 4.
Finance Minister Dismisses Missing Pages and Tax Manipulation Allegations as Overblown
Finance Minister Dr. Swarnim Wagle clarified that news reports alleging unauthorized changes to customs duties and "missing pages" in the economic bill are misleading and exaggerated, attributing the page count discrepancies to minor technical formatting in Microsoft Word.
Finance Minister Dr. Swarnim Wagle Defends Government’s Prerogative to Amend Tax Rates
Finance Minister Dr. Swarnim Wagle asserted that the government holds the absolute legal authority to alter tax rates. Speaking at a Public Accounts Committee meeting, he clarified that tax adjustments are institutional decisions aimed at public welfare, rather than arbitrary choices.
Everest Color Limited’s IPO Closes Today for General Public
Today (Jestha 27) marks the final opportunity for the general public to subscribe to the Initial Public Offering (IPO) of Everest Color Limited. The company is offering 655,700 ordinary shares during this second phase of its public issuance.
Trump Demands Action Following US Military Helicopter Crash Near Iran Border
President Donald Trump has accused Iran of shooting down an advanced US military helicopter near the strategic Strait of Hormuz. While the US Central Command confirmed the crash and rescued the crew, they noted that the exact cause remains under investigation.
Liquidity Mopping: Nepal Rastra Bank to Absorb Another Rs 60 Billion From Banking System Today
In a bid to manage excessive liquidity lingering within the financial sector, Nepal Rastra Bank (NRB) has announced a bidding window today to scoop up Rs 60 billion through a 23-day deposit collection instrument.
Apollo Hydropower Successfully Commences Secondary Market Trading at Rs 299.70
Following a brief one-day delay due to unmatched orders, Apollo Hydropower Limited (APHL) made its trading debut on the Nepal Stock Exchange (NEPSE) today, matching its first transaction near the absolute ceiling of its initial opening range.
Gold Prices Plunge by Over Rs 10,000 per Tola in Massive Single-Day Drop
The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported an unprecedented single-day crash in the bullion market today, as fine gold plummeted by Rs 10,100 per tola, slipping well below the Rs 300,000 mark.
Flydubai Approved for Daily Direct Flights to Pokhara Starting September
The Civil Aviation Authority of Nepal (CAAN) has officially cleared Flydubai to launch daily direct flights between Dubai and Pokhara International Airport starting September 23, marking a monumental shift for the region's tourism and international transit network.