Latest NEPSE and Share Market News - Page 81
Non-Compliance Crackdown: Problematic Cooperatives Management Committee Exposes 132 Defaulters
The Office of the Problematic Cooperatives Management Committee has publicly blacklisted 132 loan defaulters from Hamro Naya Krishi and Krishi Bikash Multipurpose Cooperatives, issuing a strict ultimatum for immediate repayment.
Friday Market Update: Gold Hits Rs 292,000 as Silver Climbs to Rs 4,840
The Nepalese bullion market witnessed a massive rally on Friday, with fine gold skyrocketing by Rs 5,300 per tola to trade at Rs 292,000, while silver jumped by Rs 190 per tola.
Kumari Bank Pioneers Nepal's First ERP-Driven Digital Loan Platform for SMEs
In a major leap for financial inclusion, Kumari Bank partners with IMS Software to launch Nepal’s first integrated digital credit platform, offering up to Rs. 500,000 in collateral-free working capital loans to small businesses.
Historic Media Feat: Nepali Enterprise Directs FIFA World Cup 2026 Broadcasting with NPR 400 Million Project
In a historic first for Nepal's media industry, Ace Pro Media has bypassed Indian syndicates to secure direct broadcasting rights from FIFA for the 2026 World Cup. The total project cost, including technical overheads, touches nearly NPR 400 million, with revenues heavily driven by dedicated TV channels and digital pay-per-view applications.
Government Committee Recommends Cancellation of 38 Sluggish Hydropower Licenses Totaling 1,388 MW
A high-level committee under the Ministry of Energy, Water Resources, and Irrigation has recommended revoking the licenses of 38 hydropower projects with a combined capacity of 1,388 MW due to zero progress despite Power Purchase Agreements (PPAs). The move follows the government's 100-point governance reform action plan and the budget statement targeting inactive projects.
Trump's "I Like Inflation" Comment Sparks Outrage as US Prices Hit 3-Year High
US President Donald Trump triggered intense debate after expressing a controversial fondness for inflation following a sharp rise in consumer prices to 4.2% in May. Driven by soaring energy costs from the escalating US-Israel conflict with Iran, the inflation surge presents a shifting economic and political challenge as midterm elections approach.
Precious Metals Plunge: Gold Drops by Rs. 5,100 Per Tola, Silver Follows Suit
The domestic market witnessed a notable decline in precious metal prices today, with fine gold dropping by Rs. 5,100 per tola to stand at Rs. 286,700. According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), Tejabi gold and silver prices also recorded downward corrections in tandem with the market trend.
Finance Minister Dr. Swarnim Wagle Denies EV Policy Leak Allegations, Pledges to Quit Politics If Proven Guilty
Finance Minister Dr. Swarnim Wagle has strongly dismissed allegations that he leaked sensitive information regarding electric vehicle (EV) policies. Speaking before the parliamentary Public Accounts Committee, Dr. Wagle challenged his critics to produce evidence, promising to immediately resign and withdraw from public life entirely if any dishonesty is proven against him.
Sarvottam Paints Industries Opens IPO for General Public Starting Today
Following its successful allocation to migrant workers and mutual funds, Sarvottam Paints Industries Limited is opening its Initial Public Offering (IPO) of 705,500 shares to the general public starting today, Jestha 28. Investors can apply for a minimum of 10 shares until Ashadh 2, with Global IME Capital Limited managing the issue.
Nepal Airlines Soars: Revenue Hits NPR 14.69 Billion in 10 Months as International Flights Stabilize
Nepal Airlines Corporation (NAC) recorded a significant 24.91% increase in revenue, reaching NPR 14.69 billion during the first ten months of the current fiscal year. This financial boost is driven by an increase in passenger numbers, smooth operational management, and highly lucrative international routes, with Tokyo's Narita sector leading the growth.
Nepal and India Launch Real-Time UPI-NPI Digital Remittance Gateway for Migrant Workers
Nepal and India have formally operationalized a cross-border digital remittance service linking Nepal’s National Payments Interface (NPI) with India’s Unified Payments Interface (UPI), allowing migrant workers to bypass traditional networks and transfer funds directly via mobile apps.
Himalayan Power Partner (HPPL) Opens Auction for Over 468,000 Unclaimed Right Shares
Himalayan Power Partner Limited (HPPL) has initiated an auction for 468,740 units of ordinary right shares starting today, Jestha 27. The auction includes the unsubscribed portion of its recent rights issuance and will remain open until Ashar 4.