Latest NEPSE and Share Market News - Page 14
Government to Provide Rs 1.5 Billion in Grants to Sugarcane Farmers
The government is set to distribute Rs 1.5 billion in grant assistance to sugarcane farmers in Bardiya, Rautahat, Kailali, and Kanchanpur. Agriculture Minister Geeta Chaudhary has approved the procedures for providing the subsidy to support sugarcane producers.
SADBL AGM Approves 10.52% Dividend, Re-elects Ujjwal Satyal as Chairman
Shangrila Development Bank Limited (SADBL) has approved a 10.52% dividend for shareholders through its 22nd AGM, comprising a 6.52% cash dividend and 4% bonus shares. The meeting also elected a six-member board for a four-year term and re-elected Ujjwal Satyal as chairman.
Nabil Bank AGM Approves 15.80% Dividend for FY 2082/83
Nabil Bank Limited (NABIL) has approved a total 15.80% dividend for FY 2082/83, comprising 5% bonus shares and 10.80% cash dividend. The bank also approved an 8% dividend for irredeemable non-cumulative preference shareholders.
Buddhabhumi Nepal Hydropower Appoints Parbati Shrestha as Director
Buddhabhumi Nepal Hydropower Company Limited has appointed Parbati Shrestha as a director to fill a vacant position on its board. Her appointment is subject to approval at the company’s 18th Annual General Meeting (AGM).
Dashain Relief: Consumers Can Exchange Empty LPG Cylinders for Full Ones of Any
Nepal Oil Corporation and the Nepal LP Gas Industry Association have agreed to allow consumers to exchange empty LPG cylinders of any brand for full cylinders of another brand without additional charges from Ghatasthapana to Phulpati. Five exchange outlets have been provisionally identified across Kathmandu Valley to ensure smooth gas supplies during Dashain.
Gold Price Jumps Rs 2,900 to Rs 295,700 Per Tola, Silver Also Rises
Gold and silver prices increased in the Nepali market on Friday, Ashoj 23. Gold rose by Rs 2,900 per tola to Rs 295,700, while silver gained Rs 15 to reach Rs 4,405 per tola.
MFIL Announces 20% Dividend: 5% Bonus Shares and 15% Cash Dividend
Manjushree Finance Limited (MFIL) has proposed a total 20% dividend for its shareholders from the profits of FY 2082/83, comprising 5% bonus shares and 15% cash dividend, including tax. The proposal is subject to approval from Nepal Rastra Bank and the company's upcoming Annual General Meeting (AGM).
Nepal Rastra Bank to Withdraw Rs 70 Billion from Banking System for 60 Days
Nepal Rastra Bank (NRB) is set to absorb Rs 70 billion from the banking system through a 60-day deposit collection instrument to manage persistent excess liquidity and maintain short-term interest rate stability.
Over 300,000 People Leave Kathmandu Valley to Celebrate Dashain
The Dashain homecoming rush has begun, with more than 300,000 people reportedly leaving Kathmandu to celebrate the biggest festival with their families in their hometowns and villages.
Doleshwor Village Resort Proposes IPO of 16.20 Lakh Shares
Doleshwor Village Resort and Farm House Limited has proposed issuing 16.20 lakh ordinary shares, representing 30% of its issued capital, to the general public.
NEPSE Gains 2.31 Points as Turnover Stands at Rs. 3.93 Arba
The Nepal Stock Exchange (NEPSE) edged up 2.31 points to close at 2,572.34, while daily turnover stood at Rs. 3.93 Arba.
Banks May Soon Offer Brokerage, Insurance and Portfolio Management Services Under One Roof
The government has begun a feasibility study on providing insurance, share brokerage, and portfolio management services through bank branches, particularly in rural areas.