Latest NEPSE and Share Market News - Page 77
Nepal Rastra Bank Proposes Strict Curb on Political Activity and Strikes for Bank Employees
Nepal Rastra Bank has drafted severe restrictions for banking sector employees, proposing a blanket ban on political affiliations, election campaigning, and participating in disruptive strikes, while preserving their fundamental right to vote and join professional bodies.
Himalayan Power Partner Limited Concludes Auction for 468,740 Units of Unclaimed Rights Shares
Himalayan Power Partner Limited (HPPL) has officially closed its public auction today for 468,740 units of ordinary rights shares that remained unsubscribed during its recent 1:0.50 rights offering.
Finance Minister Assures Rigorous Multi-Generational Background Checks for SEBON and Insurance Authority Chiefs
Finance Minister Dr. Swarnima Wagle has announced that the vacant leadership roles at the Securities Board of Nepal (SEBON) and the Nepal Insurance Authority will only be filled after rigorous background screenings, revealing that a candidate for SEBON has been identified but remains under deep review.
Citizens Bank Opens Sale of 77,578 Units of Founder Shares to General Public
Citizens Bank International Limited (CZBIL) has opened the sale of 77,578.31 units of founder shares to qualified individual and institutional investors after existing promoters declined to purchase them within the initially allocated timeframe.
Salapa Bikas Bank Announces Lock-In Expiry for Mutual Fund Shares
Salapa Bikas Bank Limited (SABBL) has notified investors that the mandatory six-month lock-in period for 58,114 units of shares allocated to mutual funds will expire on Ashar 24, 2083, allowing these institutions to trade the shares freely in the secondary market.
Everest Color Limited IPO Allotted; Only 65,570 Applicants Receive Shares
Muktinath Capital has finalized the allotment of Everest Color Limited's IPO via a lottery system, where a massive oversubscription left only 65,570 lucky applicants with 10 shares each out of over 2.6 million valid bids.
Gold and Silver Prices Document Minor Intra-Week Decline in the Nepali Market
Precious metals in Nepal recorded a marginal drop on Thursday, with gold dipping by NPR 100 per tola and silver sliding by NPR 35 per tola, offering a brief breather after recent market highs.
Strait of Hormuz to Reopen as Washington and Tehran Agree to Interim Peace Framework
The United States and Iran have signed a landmark initial peace agreement that takes immediate effect, aiming to end ongoing hostilities by reopening the critical Strait of Hormuz and lifting major economic sanctions. However, the core issue of Iran's nuclear program remains unresolved, leaving both nations on high alert during a strict 60-day negotiation window.
Rastriya Banijya Bank Reaches 316 Branches with New Openings in Gorkha and Jumla
Fully government-owned Rastriya Banijya Bank expands its network to 316 branches after launching new offices in Siurenitar and Narakot.
NEPSE Edges Higher by 0.08 Points; Turnover Crosses Rs. 3.63 Arba
Following a minor rebound, the benchmark index closed flat at 2,705.53 points with Sopan Pharmaceuticals leading the gainers.
Nepalese Commercial Banks Lobby NRB for Two-Way Interest Rate Premium Flexibility
Citing severe limitations in pricing borrower risk, banking institutions are pushing the central bank to allow both upward and downward premium adjustments based on market dynamics.
Nepal Secures Over Rs. 47 Billion in FDI Commitments in First 11 Months of FY 2082/83
Backed by 914 companies, total foreign investment pledges hit Rs. 47.61 Billion by the end of Jestha, with the agriculture sector leading the share.