Latest NEPSE and Share Market News - Page 5
Heavy Rainfall Blocks Multiple Roads in Kavre, Khotang, and Lalitpur
Continuous rainfall has disrupted road connectivity in several parts of Kavre, Khotang, and Lalitpur, with landslides, debris flows, and rising river levels obstructing major road sections. According to Nepal Police, multiple highways and local roads were blocked as of 6 AM today.
Government Plans 450-Kg LPG Cylinders to Curb Misuse of Cooking Gas Subsidies
The government is preparing to introduce large-capacity LPG cylinders of up to 450 kg to prevent industries, hotels, and restaurants from misusing subsidized household cooking gas. A government-formed task force has recommended a four-tier cylinder classification system, proposing to retain subsidies exclusively for household consumers while eliminating them for commercial and industrial users.
Nagdhunga Tunnel to Charge Toll Fees from Sunday Midnight
Vehicles using the Nagdhunga Tunnel will be required to pay toll fees from Sunday midnight. All vehicles entering and leaving Kathmandu through the tunnel must pay the prescribed charges in accordance with the rates published in the Nepal Gazette.
Nabil Bank Reports 45.5% Growth in First-Quarter Net Profit
Nabil Bank Limited has reported a significant increase in net profit for the first quarter of fiscal year 2083/84, earning Rs. 2.55 billion compared to Rs. 1.75 billion in the corresponding period last fiscal year. Improved interest income, higher fee and commission earnings, and a substantial reduction in impairment charges contributed to the growth.
Gold Price Plunges by Rs. 8,300 Per Tola; Silver Also Sees Sharp Decline
Nepal’s gold and silver prices recorded a significant decline on Sunday, with gold dropping by Rs. 8,300 per tola and silver falling by Rs. 175 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Government Suspends N-PABSON Until Further Notice Over Repeated Non-Compliance
The Ministry of Home Affairs has suspended the National Private and Boarding Schools' Association Nepal (N-PABSON) until further notice, citing repeated failure to comply with government directives and activities allegedly contrary to its approved statute and objectives.
Japan Finally Achieves 2% Inflation Target After 13 Years, BoJ Holds Interest Rate at 1.25%
The Bank of Japan (BoJ) has announced that Japan's underlying inflation has finally reached its 2% price stability target, more than 13 years after the goal was introduced in 2013. The central bank has maintained its key interest rate at 1.25%, while expectations of a possible rate hike in December continue to grow.
Government to Raise Rs. 14 Billion Through Treasury Bills
The Public Debt Management Office (PDMO) is set to issue Treasury bills worth Rs. 14 billion through 182-day and 364-day instruments. The issuance includes Rs. 9 billion in debt refinancing and Rs. 5 billion in fresh borrowing, with bidding scheduled for Kartik 16, 2083.
Shangri-la Development Bank Completes 22 Years, Enters 23rd Year of Operations
Shangri-la Development Bank Limited has completed 22 years of operation and officially entered its 23rd year. Marking the milestone, the bank organized an anniversary celebration at its central office in Baluwatar on Friday and announced several healthcare, education, and community support initiatives.
NRB Cuts Shareholdings of 35 Karnali Development Bank Shareholders to Just 1%
A management group formed by Nepal Rastra Bank (NRB) has reduced the shareholdings of 35 shareholders of troubled Karnali Development Bank Limited to 1%. The decision follows findings that the bank's paid-up capital had been completely eroded and some share capital had been illegally subscribed.
Ransomware Attack Exposes Major Cybersecurity Weaknesses in Nepal’s Stock Market
A ransomware attack on private data center Data Hub has exposed serious cybersecurity vulnerabilities in Nepal’s capital market, raising concerns over the safety of investors' data and trading systems. The incident revealed the risks of 72 broker companies relying on a single service provider and highlighted concerns over NEPSE's proposed cybersecurity improvements.
NEA Announces 8-Day Power Outage in Kathmandu Valley for Underground Cable Work
The Nepal Electricity Authority (NEA) has announced scheduled power cuts in various areas of Kathmandu Valley from Kartik 13 to 20 to carry out underground cable installation and upgrade the electricity transmission and distribution system. Electricity supply will be disrupted daily from 10:30 AM to 4:00 PM in the affected areas.