Latest NEPSE and Share Market News - Page 6
Vision Lumbini Urja Proposes 3.6842% Cash Dividend, Calls 8th AGM
Vision Lumbini Urja Company Limited (VLUCL) has proposed a 3.6842% cash dividend for its shareholders and announced the date of its 8th Annual General Meeting (AGM). The company has also fixed Kartik 16 as the book closure date.
Cyclone Arnab and Westerly Winds Bring Rainfall Risk Across All Seven Provinces of Nepal
Nepal is likely to experience rainfall across all seven provinces due to the combined influence of Cyclone Arnab, which developed over the Bay of Bengal, and westerly winds. Heavy rainfall is particularly expected in parts of Koshi and Bagmati provinces, raising concerns about floods, landslides, and rising river levels.
Sudurpashchim Economy Projected to Reach Rs. 463.89 Billion, With Growth Estimated at 3.28%
Nepal Rastra Bank's latest annual economic report projects Sudurpashchim Province's GDP at Rs. 463.89 billion for FY 2025/26, accounting for 7.03% of Nepal's national economy. While agriculture, tourism, banking, and infrastructure show mixed progress, declining agricultural credit and relatively low industrial capacity utilization remain major concerns.
Gold and Silver Prices Decline in Nepal as Gold Drops by Rs. 3,200 Per Tola
Gold and silver prices witnessed a decline in the Nepali market on Friday, Kartik 13. Gold dropped by Rs. 3,200 per tola, while silver fell by Rs. 105 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Binance Hit by $6.3 Billion Cyberattack in One of Crypto’s Biggest Security Breaches
Binance has reportedly suffered a massive cyberattack involving approximately $6.3 billion in digital assets. While nearly half of the affected funds have reportedly been frozen with assistance from other crypto companies, Binance has assured users that it will cover all customer losses.
Nagdhunga Tunnel to Start Charging Tolls from November 1
Vehicles using the Nagdhunga–Naubise tunnel will be charged tolls starting November 1, with rates ranging from Rs. 60 to Rs. 600 depending on vehicle type and travel direction.
Mustang’s Apple Production Hits Rs. 1.15 Billion, Rises 5.29%
Mustang has produced 7,038.54 metric tons of apples worth an estimated Rs. 1.15 billion this year, marking a 5.29% increase compared to last year, according to preliminary government data.
Citizens Bank Offers Up to 15% Discount at Athlete Land
Citizens Bank International has partnered with Athlete Land in Lalitpur to provide customers with discounts of up to 15% when they pay using the bank’s cards or mobile banking services.
US Fed Holds Interest Rates Steady as Inflation and Living Costs Remain Major Concerns
The US Federal Reserve has kept interest rates unchanged despite persistent inflation and rising living costs, balancing price stability against a weakening labor market and growing economic risks.
CDSC Leadership Control Shifts to Finance Ministry, Curtailing NEPSE’s Management Role
CDS and Clearing Limited (CDSC) has amended its regulations to give the Ministry of Finance direct authority to appoint its board chairperson and CEO. The move follows a change in shareholding that reduced NEPSE’s ownership to 50.93%, raising questions about corporate autonomy and governance.
Cyclone ‘Arnab’ Raises Flood Risks Across Major River Basins in Nepal
Nepal’s Flood Forecasting Division has warned of rising river levels and possible flash floods and inundation until November 1 due to the impact of Cyclone ‘Arnab’, urging residents in vulnerable areas to remain alert.
Mechi Corridor Road Contract Terminated After Progress Stalls at 47%
The Ilam Road Division has terminated the contract for the 9.5-kilometer Belase–Golakharka Bhanjyang road section after construction progress remained at just 47% despite repeated deadline extensions.