Latest NEPSE and Share Market News - Page 72
NASA Satellite Analysis Indicates Over 58,000 Buildings Damaged in Venezuela Quakes
A preliminary satellite data assessment published by NASA reveals that more than 58,000 buildings were likely damaged or destroyed after twin earthquakes measuring magnitudes 7.2 and 7.5 hit Venezuela. The historic disaster has left approximately 1,700 people dead and thousands more missing across the South American nation.
NOC Slashes Fuel Prices; Petrol Drops by Rs 20, Cooking Gas Down by Rs 100
The state-owned Nepal Oil Corporation (NOC) has announced a significant reduction in the retail prices of major petroleum products and cooking gas. Driven by its automated pricing mechanism and declining procurement costs from India, the rate cuts bring widespread relief to consumers, with petrol prices slashed by Rs 20 per liter and cooking LPG reduced by Rs 100 per cylinder.
US and Iran Agree to De-escalate and Resume Diplomatic Talks in Doha
Following days of intense military exchanges around the strategic Strait of Hormuz, the United States and Iran have agreed to temporarily cease all kinetic activities. High-level delegations from both nations are scheduled to resume critical diplomatic talks in Doha, Qatar, to stabilize the region and rescue a fragile ceasefire agreement.
Over 11 Million Bonus Shares of NMB Bank, NIL, and Super Mai Hydropower Listed in NEPSE
The Nepal Stock Exchange (NEPSE) has successfully listed the newly issued bonus shares of NMB Bank Limited, Neco Insurance Limited, and Super Mai Hydropower Limited following approvals from their respective Annual General Meetings (AGMs) for the fiscal year 2081/82.
Nepal Rastra Bank Unveils Daily Reference Rates for Major Foreign Currencies
Nepal's central bank, Nepal Rastra Bank (NRB), has issued its official foreign exchange rate schedule for today, Monday. The benchmark update positions the selling price of the US Dollar at Rs. 151.34 and the European Euro at Rs. 172.29, serving as the foundational metrics for commercial banking counters nationwide.
National Paddy Day Celebrated Nationwide with Calls for Better Irrigation and Fertilizer Supply
Nepal marked its 23rd National Paddy Day and Plantation Festival with the slogan 'Climate-friendly technology, self-sufficiency in paddy, and prosperity.' While the event showcased modern agricultural technologies like drone spraying, officials and farmers highlighted critical hurdles, including an annual deficit of 1 million metric tons of paddy and persistent fertilizer shortages.
How Elon Musk Overcame Near-Bankruptcy to Become the World’s First Trillionaire
From the brink of total financial ruin during the 2008 global financial crisis, Elon Musk’s high-stakes gamble with SpaceX has culminated in an unprecedented financial milestone. Following SpaceX's highly anticipated IPO, Musk’s net worth has surged past $1.1 trillion, cementing his status as the world's first trillionaire as he celebrates his 55th birthday.
Monday Market Watch: Gold Dips to Rs. 2,82,400 per Tola
Both gold and silver prices registered a decline in the Nepalese market on Monday, Ashar 15. Gold dropped by Rs. 1,400 per tola, while silver prices saw a minor decrease of Rs. 15 per tola compared to Sunday's trading rates.
Finance Minister Administers Oath to Newly Appointed SEBON Chairman, Demands Weekly Briefings and Results
Finance Minister Dr. Swarnim Wagle has administered the oath of office and secrecy to the newly appointed Chairman of the Securities Board of Nepal (SEBON), Dr. Gopal Prasad Bhatta. Minister Wagle directed the new chief to focus strictly on market confidence, protect small investors, and present structured action plans without yielding to external pressures.
Nepalese Stock Market Hits Historic Low Under New Finance Minister, Wiping Out Rs. 4.71 Trillion
Three months into the new administration under Finance Minister Dr. Swarnim Wagle, the Nepal Stock Exchange (NEPSE) has plummeted by over 300 points. This massive decline, fueled by a disappointing federal budget and regulatory fears, signals deep investor distrust in the current economic leadership.
Trump Administration Unveils Limited-Edition "Patriot Passport" for US Semiquincentennial
The US State Department has announced a highly exclusive, commemorative passport featuring President Donald Trump's likeness and signature to mark America's 250th anniversary, sparking debate over the unprecedented inclusion of a sitting president on official documents.
Venezuela Earthquake Toll Climbs to 920: Thousands Injured and Over 50,000 Unaccounted For
The death toll from Wednesday's twin powerful earthquakes in Venezuela has risen to 920, with 3,360 others reported injured. As hundreds remain trapped beneath the rubble and thousands face displacement, a massive international rescue operation is underway amid ongoing aftershocks.