Latest NEPSE and Share Market News - Page 45
Gold Surge: Gold and Silver Prices Jump in Nepal
Gold prices rose sharply by Rs. 3,600 per tola in Nepal on Sunday, while silver also gained Rs. 50 per tola as precious metals continued to trade at elevated levels in the international market.
Made in Nepal: Government Backs Homegrown Yatri P2 Electric Scooter
Finance Minister Dr. Swarnim Wagle has pledged government support for the promotion of Yatri P2, an electric scooter designed and manufactured in Nepal. He urged the company to focus on global competitiveness and turn the homegrown product into an international brand.
Deadly Quake: 7.7-Magnitude Earthquake Kills 51 in Indonesia
A powerful 7.7-magnitude earthquake struck eastern Indonesia on Saturday, killing at least 51 people and displacing nearly 5,000 others. Rescue operations have been hampered by landslides, damaged roads, disrupted communications and the region’s difficult island geography.
Investment Push: NRNs Ready to Invest in Nepal, But Legal Hurdles Remain
Non-Resident Nepalis (NRNs) say they are eager to invest in Nepal, but complicated legal procedures and concerns over investment security continue to discourage them. Participants at the 11th Asia-Pacific Conference in Guangzhou urged the government to create a simpler, faster and more reliable investment environment.
LPG Crisis Deepens: More Gas Imports, Yet Empty Cylinders Pile Up
Nepal is facing a severe LPG shortage despite Nepal Oil Corporation (NOC) reporting that gas imports have increased well above normal levels. Consumers are struggling to find LPG, while dealers blame inadequate distribution and poor government management.
NEPSE Slips 7.37 Points to 2,643.83 as Turnover Reaches Rs. 4.27 Arba
NEPSE declined 7.37 points (0.27%) on Friday to close at 2,643.83, while daily turnover stood at Rs. 4.27 Arba with over 9.75 million shares traded.
Gold, Silver Prices Drop in Nepal Market
Gold prices fell by Rs. 4,600 per tola and silver by Rs. 90 per tola in the Nepali market, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Q4 Update: Prabhu Mahalaxmi Life’s Profit Edges Up to Rs. 37.55 Crore
Prabhu Mahalaxmi Life Insurance reported a modest 1.31% year-on-year increase in net profit to Rs. 37.55 crore in Q4 FY 2082/83, while net earned premium grew 20.97%.
Agri Care Nepal Begins Preparations for Public IPO
Agri Care Nepal has appointed Nepal Life Capital as its institutional advisor to strengthen its capital structure and assess its financial, business, and regulatory readiness for a potential public IPO.
Finance Ministry Reshuffles Four Senior Joint Secretaries
The Ministry of Finance has reassigned four senior joint secretaries in a move aimed at strengthening administrative efficiency, policy analysis, foreign aid coordination, and planning functions.
Historic Win: Nepal Claims First-Ever Medal at International AI Olympiad
Nepal has secured its first-ever medal at the International Olympiad in Artificial Intelligence (IOAI), with St. Xavier’s College student Siddhant Chaturvedi winning a bronze medal in Kazakhstan.
NRB to Raise Rs. 20 Billion Through 35-Day Deposit Collection Instrument
Nepal Rastra Bank is set to collect Rs. 20 billion from banks and financial institutions through a 35-day deposit collection instrument to manage liquidity in the banking system.