Latest NEPSE and Share Market News - Page 12
Gold and Silver Prices Decline in Nepalese Market
Gold and silver prices fell in the Nepalese market on Monday, Ashoj 26, with gold dropping by Rs. 2,100 per tola and silver declining by Rs. 25 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
ICFC Finance Appoints Amit Shrestha as Acting CEO
ICFC Finance Limited has appointed Deputy Chief Executive Officer Amit Shrestha as its Acting Chief Executive Officer, effective from Ashwin 25, 2083 BS, following the completion of Sunil Pant’s tenure.
Nepal Rastra Bank Announces Foreign Exchange Rates for Today
Nepal Rastra Bank has published the latest foreign exchange rates, with the US dollar set at NPR 154.48 for buying and NPR 155.08 for selling. The rates cover major international currencies, including the euro, pound sterling, Australian dollar, and Indian rupee.
Him Parbet Hydropower to Open IPO for Locals and Nepalis Working Abroad
Him Parbet Hydropower Limited will open its IPO on Kartik 11 for project-affected residents of Dolakha and Nepalis working abroad, offering shares at a face value of Rs. 100 each.
Tanahu Hydropower Project Conducts Disaster Response Drill to Strengthen Safety and Emergency Preparedness
The Tanahu Hydropower Project has conducted a disaster preparedness and emergency response drill at its main dam construction site to minimize potential risks and improve worker safety. The project has also installed 17 sirens and information boards at 10 locations to warn downstream communities of potential flooding and other emergencies.
Mantra Thakali Fined Rs. 250,000 After Inspection Uncovers Cockroaches and Poor Kitchen Hygiene
Mantra Thakali, a restaurant in Maharajgunj, Kathmandu, has been fined Rs. 250,000 following a surprise inspection prompted by a complaint about insects in food. Inspectors reportedly found cockroaches, poor sanitation, and fried potatoes stored in newspaper. The restaurant has been ordered to make improvements within seven days.
Dashain Relief: LPG Cylinder Exchange Service Launched at Six Locations Across Kathmandu Valley
To prevent cooking gas shortages during Dashain, a week-long LPG distribution and cylinder exchange service has been introduced at six locations across the Kathmandu Valley. Consumers can reportedly exchange an empty cylinder from any brand for a filled cylinder without paying an additional exchange fee, although complaints have emerged that some distributors are accepting only their own branded cylinders.
Landslide-Formed Dam Bursts in Gorkha, Five Sheepfolds Swept Away; Occupants Missing
A landslide-triggered blockage on the Uingulung stream in Gorkha’s Chumnubri Rural Municipality appears to have burst, sending a sudden surge of water into the Budhi Gandaki River. Five sheepfolds near Siringe Himal have been swept away, and the people staying there remain out of contact. Rescue teams have been mobilized, with 47 people reportedly rescued from the affected area so far.
Home Minister Urges Gorkha Residents to Evacuate as Budhi Gandaki River Swells
Home Minister Sudan Gurung has urged residents living along the Budhi Gandaki River in Gorkha district to move to safer locations immediately as rising floodwaters threaten riverside settlements. Several houses in Ghattekhola have been inundated, while a bridge connecting Nyakchet and Philim Bazaar has reportedly been swept away.
Gold and Silver Prices Rise in Nepal, Gold Hits Rs. 296,500 per Tola
Gold and silver prices have increased in Nepal’s domestic market, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold rose by Rs. 800 per tola to Rs. 296,500, while Tejabi gold also gained Rs. 800 to reach Rs. 295,800 per tola. Silver prices climbed by Rs. 35 to Rs. 4,440 per tola.
Dashain New Note Exchange Frustrates Customers at Banks, Nepal Rastra Bank Offers Faster Service
Customers seeking fresh banknotes for Dashain have reported difficulties exchanging money at several commercial bank branches, despite official information indicating that the service would be available through different banks. In contrast, Nepal Rastra Bank’s Thapathali office has been praised by customers for providing a quick and convenient exchange service, with one visitor reporting that the process took just five minutes.
US Reportedly Suspends Green Card Processing for Eight Major IT Firms, Raising Concerns for Indian Workers
Reports claim that the Trump administration has suspended Permanent Labor Certification (PERM) processing for eight major technology companies, including TCS, Infosys, Wipro, HCL, Microsoft, Adobe, Cognizant, and Capgemini. If confirmed, the move could delay employment-based green card applications for some Indian IT professionals working in the United States. However, the reported suspension and its scope require official verification.