Economy News
SNORL Announces 10% Bonus Shares and 0.53% Cash Dividend
Snow Rivers Limited has proposed a 10% bonus share dividend along with a 0.5263% cash dividend for tax purposes from its FY 2082/83 profit.
13 days ago
Festival Relief: ATMs to Dispense Rs 100 Notes Across Nepal
Nepal Rastra Bank has directed banks and financial institutions to make Rs 100 notes available through ATMs, aiming to ease the rush for small-denomination notes during the upcoming Dashain and festive season.
13 days ago
RSML Announces 30% Cash Dividend for Shareholders
Reliance Spinning Mills Limited (RSML) has proposed a 30% cash dividend, including tax, from its profit for FY 2082/83.
13 days ago
SpaceX Acquires Cursor Maker Anysphere for $60 Billion
Elon Musk’s SpaceX has acquired Anysphere, the company behind AI coding platform Cursor, in a $60 billion all-stock deal, bringing 25-year-old Indian-origin co-founder Aman Sanger into the global spotlight.
15 days ago
CIT Bill Proposes NRS 10 Billion Authorized Capital, Wider Investment Scope
The government has moved forward with a bill to amend the Citizen Investment Trust Act, 2047, aiming to expand CIT’s investment areas, strengthen its capital structure and make the capital market more dynamic.
15 days ago
Prime Minister’s Relief Fund Balance Reaches NRS 13.54 Billion
The Prime Minister’s Disaster Relief Fund continues to receive financial support, with its balance reaching NRS 13.54 billion as of 9 a.m. today.
15 days ago
Korala Border Sees Import Surge as Mustang Customs Collects NRS 1.78 Billion in 15 Days
Mustang Customs collected NRS 1.7844 billion in revenue in just 15 days as imports through the northern Korala border surged following the closure of the Rasuwagadhi–Kerung and Tatopani crossings.
15 days ago
Gold and Silver Prices Rise in Nepal, Gold Reaches NRs 302,200
Gold increased by NRs 1,200 per tola while silver gained NRs 60 per tola in the Nepali market on Sunday.
15 days ago
Bhotekoshi Flood Recovery Bill: NRS 95.42 Billion Needed Just to Clear Debris
The government estimates that NRS 95.42 billion will be required for immediate and long-term recovery measures, including removing flood debris, reducing disaster risks and ensuring inclusive rehabilitation following the Bhotekoshi floods.
17 days ago
MARKET REVIVAL: 10–12 Point Capital Market Reform Plan Coming Within a Week
Finance Minister Dr. Swarnim Wagle has announced five special economic packages, including a 10–12 point policy reform plan for the sluggish capital market expected to be introduced within a week.
17 days ago
Gold & Silver Prices Plunge: Gold Falls NRS 4,800, Silver Drops NRS 255
Gold and silver prices recorded a sharp decline in the Nepali market on Friday, with gold falling by NRS 4,800 per tola and silver dropping by NRS 255 per tola.
17 days ago
UMRH Dividend Alert: 5% Bonus Shares + 0.26% Cash Dividend Announced
United Idi Mardi and RB Hydropower Limited has proposed a 5% bonus share dividend along with 0.26% cash dividend for tax purposes from its profit for FY 2082/83.
17 days ago