Latest NEPSE and Share Market News - Page 80
Kathmandu Tangled Web: Government Moves to Untangle Valley’s Cable Chaos
The Ministry of Energy, Water Resources, and Irrigation, in partnership with the Ministry of Information and Communication, has launched a major cleanup initiative to remove unused, tangled overhead cables across key areas of the Kathmandu Valley. The drive aims to eliminate urban eyesores, boost public safety, and minimize roadside hazards.
India's NHPC to Partner on Nepal's 480 MW Phukot Karnali Project
India's state-owned NHPC Limited is set to partner with Nepal's Vidhyut Utpadan Company Limited (VUCL) to jointly develop the 480 MW Phukot Karnali Hydropower Project in Kalikot, Nepal. Following a draft MoU reached during a bilateral energy meeting and awaiting Cabinet approval, the two entities will form a joint venture. NHPC will hold a 51% stake, assume the responsibility for securing project loans, and guarantee a market for the generated electricity, while Nepal will receive 21.9% of the power free of cost. This marks NHPC's third major hydropower venture in Nepal.
Nepal Rastra Bank Report Unmasks Toxic Lending Practices and Surge in Bad Loans Across Commercial Banks
Nepal Rastra Bank’s FY 2024/25 Annual Supervision Report reveals a worrying financial decay within the banking sector, as bad loans cross Rs 220 billion and internal audits expose deep-rooted systemic manipulations like "evergreening."
Global IME Bank Appoints Bindra Hada Bhattarai as Independent Director
Global IME Bank Limited has expanded its Board of Directors by appointing seasoned public policy and administration expert Bindra Hada Bhattarai as an Independent Female Director.
Bhujung Hydropower Appoints New Board at 4th AGM
Bhujung Hydropower Limited has successfully hosted its 4th Annual General Meeting in Kathmandu, approving its annual financial accounts and electing a new leadership board across promoter and public shareholder categories.
Gold and Silver Rates Climb in Domestic Market; Fine Gold Rises to Rs 293,200 Per Tola
Domestic precious metal prices recorded moderate gains on Sunday, with fine gold increasing by Rs 1,200 per tola to settle at Rs 293,200, alongside upward movements in Tejabi gold and silver.
Nepal Rastra Bank Issues Fresh Exchange Rates; US Dollar Selling Rate Set at Rs 152.48
Nepal's central bank, Nepal Rastra Bank, has released today's official foreign exchange rates, fixing the US Dollar selling rate at Rs 152.48 alongside updated benchmarks for major global currencies.
Finance Minister Dr. Wagle Clarifies Revenue Reforms and Addressing Informal Economy
Following a 10-day deadlock triggered by Prime Minister Balendra Shah's controversial remarks, parliamentary discussions on the new budget have ignited intense verbal warfare between the ruling coalition and the opposition.
Forex Update: Nepal Rastra Bank Unveils Today's Foreign Exchange Rates; US Dollar and Euro Hold Strong
Nepal Rastra Bank (NRB) has released the official foreign exchange rates for Friday, setting the US Dollar selling rate at Rs 153.52 and the European Euro at Rs 177.12, while noting that commercial bank rates may slightly vary.
Securities Scam: FNCNE Chairman Nicholas Pandey Named as Defendant, Declared Fugitive in Multi-Million Share Manipulation Case
The District Government Attorney's Office has filed a court case against Federation of Nepal Construction Entrepreneurs Chairman Nicholas Pandey for his alleged involvement in a major stock market manipulation racket orchestrated alongside businessman Deepak Bhatta.
Race for Top Investment Spot Reopens: Government Seeks New CEO for Investment Board Nepal
The government has officially restarted the recruitment process for the Chief Executive Officer (CEO) of Investment Board Nepal (IBN), inviting highly qualified Nepali experts to apply through an open competition.
Minister Shrestha Opens PPA for Under 10 MW Projects; Targets 1,500 kWh Per Capita Consumption
Speaking at IPPAN's 26th General Assembly, Energy Minister Biraj Bhakta Shrestha unveiled sweeping energy sector reforms, warning inactive license holders while opening direct international power trade and private transmission lines.