Latest NEPSE and Share Market News - Page 73
NRB to Absorb Another रू 45 Arba Today to Manage Excess Banking Liquidity
To mop up persistent excess liquidity accumulating within the banking system, Nepal Rastra Bank (NRB) is issuing a 75-day deposit collection instrument worth रू 45 arba via an online auction today.
Forward Microfinance (FOWAD) to Alter Shareholding Structure to 60:40
Approved by Nepal Rastra Bank, Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) is restructuring its equity ownership from a 70:30 ratio to a 60:40 model, expanding its tradable public float.
Prabhu Mahalaxmi Life (PMLI) Opens Auction for 18.99 Lakh Units Promoter Shares
Prabhu Mahalaxmi Life Insurance Company Limited (PMLI) has commenced a public auction for 18,99,241 units of its promoter shares. The bidding window opens on Ashad 12, 2083, and closes on Ashad 18, 2083, allowing public and institutional participation.
Kumari Bank Partners with National Path Lab to Offer 10% Healthcare Discount
Kumari Bank Limited has teamed up with National Path Lab and Research Center Limited, enabling its account holders and staff to receive up to a 10% special discount on various laboratory diagnostic services.
NEPSE Extends Losing Streak with Minor Drop; Newly Listed SNORL Hits 15% Positive Circuit
The Nepal Stock Exchange (NEPSE) benchmark index registered a slight decline of 2.00 points to settle at 2,649.51 on Friday, even as daily trading volumes rebounded to रू 3.94 arba, highlighted by a stellar market debut for Snow Rivers Limited (SNORL).
53 Ilam Tea Factories Reopen After Three-Point Agreement Resolves Export Deadlock
Following a prolonged shutdown triggered by India's stringent new quality testing rules, 53 orthodox tea factories in Suryodaya Municipality, Ilam, have resumed operations after local authorities agreed to manage safety storage for stockpiled tea.
Nerude Mirmire Laghubitta (NMLBBL) Auctions 1,72,634 Units of Promoter Shares
Nerude Mirmire Laghubitta Bittiya Sanstha Limited (NMLBBL) has opened an auction for 1,72,634 units of promoter shares starting today (Ashad 12, 2083). The auction is open to individual investors, corporate bodies, and institutions, with the bidding deadline set for Ashad 26, 2083.
Gold Prices Rise While Silver Drops; Gold Fixed at रू 2,79,100 Per Tola
According to the Federation of Nepal Gold and Silver Dealers' Association, domestic gold prices climbed by रू 800 per tola today, whereas silver witnessed a decline of रू 55 per tola.
Nepal Rastra Bank Unveils Today's Foreign Exchange Rates; US Dollar Buying Rate Fixed at रू 150.74
Nepal Rastra Bank (NRB) has released the official foreign exchange rates for today, Friday, positioning the US Dollar selling rate at रू 151.34, while major European currencies like the Euro and UK Pound Sterling hover near the रू 172 and रू 199 marks respectively.
NRB Faces Pressure to Align Upcoming Monetary Policy With Private Sector-Friendly Budget Propositions
Despite an exceptionally strong external sector fueled by record remittance inflows and robust foreign exchange reserves, Nepal’s domestic economy remains trapped in a sluggish state, prompting private sector leaders to demand an investment-friendly upcoming Monetary Policy for FY 2083/084 to revive business confidence and stimulate market demand.
Nepal Spends Rs. 2.73 Kharba on Petroleum Imports in 11 Months Despite Volume Drop
Driven by global inflation, a surging US Dollar, and war-induced market instability, Nepal's fuel import costs climbed to Rs. 2.73 Kharba in the first 11 months of the fiscal year, even though the country imported less total volume.
Nepal Plans Seasonal Electricity Tariffs to Offset Controversial 5% Budget VAT
Nepal is moving toward a seasonal electricity pricing system, offering cheaper rates during the high-production rainy season. The strategy aims to encourage local consumption of surplus hydropower and ease public anger over a newly proposed 5 percent VAT on domestic electricity bills.