Latest NEPSE and Share Market News - Page 71
Nepal Government Greenlights Landmark UN Treaty, New National Policies, and High-Profile Appointments
In a major Thursday session, Nepal’s Cabinet approved the tabling of a critical UN ocean treaty in Parliament, ratified four sweeping national policies for 2083 BS, and executed sweeping leadership shakeups across the Nepal Police and top public corporations.
Government Rolls Back Public Transport Fares by 2% as Energy Pressures Ease
Following a 5% hike earlier this year, regulatory authorities readjust long-distance passenger fares downward to match stabilizing fuel markets.
Indian Railways to Overhaul Reservation System: Ticket Booking Capacity to Surge 5-Fold to 125,000 Per Minute
Indian Railways is set to completely upgrade its passenger reservation system, boosting its ticket-processing capacity from 25,000 to 125,000 tickets per minute to eliminate website crashes and delays during peak booking hours.
Naasa Securities Aggressively Expands Margin Lending Capabilities with Rs 3 Billion Financing Package
Leading brokerage firm Naasa Securities (Broker No. 58) is set to secure Rs 3 billion in bank financing to aggressively expand its margin trading services, backed by strong credit ratings from CARE Ratings Nepal.
Precious Metals Witness Unprecedented Rally; Gold Soars by Rs 6,200 per Tola
Domestic gold and silver prices chart a steep upward trajectory following aggressive bullish trends in global markets.
SEBON Approves Laxmi Sunrise Bank's 7% Debenture Worth Rs 3 Arba
The Securities Board of Nepal (SEBON) has granted official approval to Laxmi Sunrise Bank Limited for the issuance of its "10 yrs, 7% Laxmi Sunrise Debenture 2092." The massive bond issue, worth Rs 3 Arba, will offer investors an annual yield of 7% over a 10-year maturity period, with Machapuchhre Capital Limited managing the public and private allocations.
NEPSE Rebounds Sharply by 44 Points, Snapping Seven-Day Losing Streak
The Nepal Stock Exchange (NEPSE) marked a strong recovery today, advancing by 44.59 points to close at 2,652.92 and breaking a consecutive seven-day downward trend. Total market turnover reached Rs. 3.86 Arba, fueled by a 14.99% positive circuit limit hit by Snow Rivers Limited (SNORL), while Laxmi Sunrise Bank Limited (LSL) spearheaded the individual volume charts.
NRB Fixes Foreign Exchange Rates; US Dollar Selling Rate at Rs 151.76
Nepal Rastra Bank (NRB) has announced the official foreign exchange rates for Wednesday, determining the purchase and selling benchmarks for major global currencies. Under the latest updates, the US Dollar buying and selling rates stand at Rs 151.16 and Rs 151.76 respectively, while the Indian Rupee continues its peg with a fixed purchase rate of Rs 160 per 100 INR.
Nepal's First Road Tunnel Enters Final Prep for Saun Operation
The Naagdhunga Tunnel, Nepal's pioneering road tunnel project, is undergoing final technical and safety evaluations ahead of its scheduled commercial opening in the month of Saun. Built with a budget of approximately Rs 22 billion—largely funded by the Japanese government through JICA—the 2.68-kilometer infrastructure project successfully tested its specialized maintenance and rescue fleets to ensure operational readiness.
Petrol Pumps Create Artificial Shortage Following NOC Price Cut
A widespread shortage of petroleum products has hit Kathmandu and other parts of the country after local petrol pumps refused to lift fuel from depots, fearing financial losses due to Tuesday's massive price cuts by the Nepal Oil Corporation (NOC). In response to the growing disruption and 'No Petrol' signs, NOC has deployed monitoring teams with strict authorization to immediately seal non-compliant stations.
Kalanga and Sanigad Hydropower IPOs Listed on NEPSE
The Nepal Stock Exchange (NEPSE) officially listed the Initial Public Offerings (IPOs) of Kalanga Hydro (KAHL) and Sanigad Hydro Limited (SGHL) on Wednesday, Asar 17. A combined total of 42.5 million shares were listed between the two companies, with regular trading scheduled to commence this Thursday following their designated special pre-open sessions.
Gold and Silver Prices Decline in Nepalese Market
The domestic precious metals market in Nepal witnessed a downward trend on Wednesday, Asar 17, as both gold and silver prices registered losses. According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold dropped by Rs 600 per tola, while silver prices decreased by Rs 15 per tola, continuing a recent streak of price declines.