Latest NEPSE and Share Market News
Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61
Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.
Food Imports Through Birgunj Border Drop by 63% in First Quarter of FY 2083/84
Food grain imports through the Birgunj customs point have declined by nearly 63% during the first three months of the current fiscal year compared to the same period last year. Imports of rice, paddy, maize, wheat, and other food grains have recorded significant decreases in both volume and value.
10 Killed, 6 Injured in Passenger Vehicle Accident in Makwanpur; Driver Identified
At least 10 people have died and six others sustained injuries after a passenger vehicle plunged around 500 meters off the road at Chisapani Gadhi in Bhimphedi Rural Municipality-6, Makwanpur, on Thursday morning. Police have identified the driver as Rabishankar Kumar Mandal of Kabilasi Municipality-8, Sarlahi.
Former Deputy Prime Minister Top Bahadur Rayamajhi Released from Jail Under Senior Citizen Concession
Former Deputy Prime Minister Top Bahadur Rayamajhi has been released from Dilli Bazar Prison after receiving a 25% sentence reduction available to senior citizens under existing legal provisions. He was convicted in the fake Bhutanese refugee scam involving fraud, organized crime, and offenses against the state.
Low-Pressure System Affects Weather Across Nepal; Light Rain Likely in Some Provinces
A low-pressure system in the upper atmosphere has affected weather conditions across Nepal, bringing partial cloud cover to mountainous and hilly regions. Light rainfall has been reported in some areas, with similar conditions expected on Thursday.
Dhorpatan Welcomes Tourists as Foreign Hunters Arrive for Blue Sheep and Himalayan Tahr Hunting
Dhorpatan Hunting Reserve in western Nepal is witnessing a rise in domestic and international visitors. While foreign hunters are arriving for the first hunting season of the fiscal year, domestic tourists are exploring its scenic meadows, mountain views, and trekking destinations.
72 Listed Companies and Mutual Funds Announce Dividends; Unilever Nepal Leads with 1,540%
A total of 72 NEPSE-listed companies and mutual fund schemes have announced dividends for their shareholders and unit holders. Unilever Nepal leads with a 1,540% cash dividend, while Siddhartha Bank, Garima Bikas Bank, and Manjushree Finance top their respective financial sectors.
Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines
Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.
Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance
Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.
Dan Bahadur Karki's Writ Against Removal as Nepal Police Chief Registered at Supreme Court
Dan Bahadur Karki has filed a writ petition at the Supreme Court, claiming that his removal from the post of Inspector General of Police (IGP) was unlawful. The petition, submitted on Thursday, was officially registered by the Supreme Court administration on Friday.
Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters
Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).
Pratap Subedi Assumes Office as New NEPSE CEO
Newly appointed Nepal Stock Exchange (NEPSE) Chief Executive Officer (CEO) Pratap Subedi officially assumed office on Friday after taking the oath of office and secrecy before the NEPSE Board of Directors.