Latest NEPSE and Share Market News - Page 48
Major Microfinance Merger Takes Shape as First Microfinance and Mahila Microfinance Sign MOU
First Microfinance and Mahila Microfinance have signed a preliminary agreement to merge, paving the way for a stronger and more geographically diversified microfinance institution.
NEPSE Extends Losing Streak, Drops 9.02 Points to Close at 2,641
The Nepal Stock Exchange (NEPSE) declined by 9.02 points, or 0.34%, on Monday, extending its losing streak for a second consecutive session. Turnover stood at Rs. 3.67 billion, with over 10.96 million shares traded.
Upper Solu Hydro Reports 84.41% Profit Growth, EPS Rises to Rs. 15.46
Upper Solu Hydro Electric Company Limited (USHEC) has reported an 84.41% year-on-year increase in net profit to Rs. 20.87 crore in Q4 FY 2082/83, supported by lower finance costs despite modest growth in electricity sales revenue.
Tehrathum Power Reports 288.40% Surge in Net Profit, EPS Rises to Rs. 11.17
Tehrathum Power Company Limited (TPC) has reported a 288.40% year-on-year jump in net profit to Rs. 8.93 crore in Q4 FY 2082/83, supported by higher electricity sales revenue and a sharp decline in finance costs.
Snow Rivers Reports 241.50% Surge in Net Profit, EPS Rises to Rs. 11.93
Snow Rivers Limited (SNORL) has reported a 241.50% year-on-year increase in net profit to Rs. 11.18 crore in Q4 FY 2082/83, supported by a sharp rise in electricity sales revenue.
Gold Price Falls Slightly, Silver Rises in Nepali Market
The price of gold declined by Rs. 200 per tola in the Nepali market on Monday, while silver became more expensive by Rs. 25 per tola.
Finance Minister Wagle to Hold Talks with 20 Major Multinational Taxpayers on Investment and Budget Implementation
Finance Minister Dr. Swarnim Wagle is holding a special discussion with representatives of 20 major multinational companies operating in Nepal to gather suggestions on budget implementation, business challenges, investment expansion, employment generation, and policy facilitation.
Nepal-India Relations in Focus as PM Balendra Shah Meets Indian Ambassador
Prime Minister Balendra Shah held a courtesy meeting with Indian Ambassador to Nepal Naveen Srivastava, discussing bilateral relations, development cooperation, mutual interests, and ways to further strengthen Nepal-India ties.
Nepal Moves Closer to Digital Rupee as NRB Completes CBDC Feasibility Study
Nepal Rastra Bank has completed its feasibility study on a Central Bank Digital Currency (CBDC), or Digital Rupee, highlighting its potential to strengthen payment security, expand financial access, reduce cash-management costs, and support Nepal’s transition toward a digital economy.
Government Vows Stronger Partnership With Private Sector to Drive Economic Growth
Finance Minister Dr. Swarnim Wagle has reaffirmed the government’s commitment to treating the private sector as a key partner in nation-building, with a focus on investment protection, policy stability, production, reinvestment, and job creation.
Nepal Moves Closer to Digital Rupee as NRB Completes CBDC Feasibility Study
Nepal Rastra Bank has completed its feasibility study on a Central Bank Digital Currency (CBDC), or Digital Rupee, highlighting its potential to strengthen payment security, expand financial access, and reduce the cost of managing physical currency.
Kumari Bank Promoter Share Auction: 3.21 Lakh Units Up for Bid
Kumari Bank Limited (KBL) has announced an auction of 320,948 promoter shares to its existing promoter shareholders. Eligible shareholders can submit their bids within 35 days from the publication of the notice on Shrawan 24, 2083.