Latest NEPSE and Share Market News - Page 82
Finance Minister Dr. Swarnim Wagle Defends Government’s Prerogative to Amend Tax Rates
Finance Minister Dr. Swarnim Wagle asserted that the government holds the absolute legal authority to alter tax rates. Speaking at a Public Accounts Committee meeting, he clarified that tax adjustments are institutional decisions aimed at public welfare, rather than arbitrary choices.
Everest Color Limited’s IPO Closes Today for General Public
Today (Jestha 27) marks the final opportunity for the general public to subscribe to the Initial Public Offering (IPO) of Everest Color Limited. The company is offering 655,700 ordinary shares during this second phase of its public issuance.
Trump Demands Action Following US Military Helicopter Crash Near Iran Border
President Donald Trump has accused Iran of shooting down an advanced US military helicopter near the strategic Strait of Hormuz. While the US Central Command confirmed the crash and rescued the crew, they noted that the exact cause remains under investigation.
Liquidity Mopping: Nepal Rastra Bank to Absorb Another Rs 60 Billion From Banking System Today
In a bid to manage excessive liquidity lingering within the financial sector, Nepal Rastra Bank (NRB) has announced a bidding window today to scoop up Rs 60 billion through a 23-day deposit collection instrument.
Apollo Hydropower Successfully Commences Secondary Market Trading at Rs 299.70
Following a brief one-day delay due to unmatched orders, Apollo Hydropower Limited (APHL) made its trading debut on the Nepal Stock Exchange (NEPSE) today, matching its first transaction near the absolute ceiling of its initial opening range.
Gold Prices Plunge by Over Rs 10,000 per Tola in Massive Single-Day Drop
The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported an unprecedented single-day crash in the bullion market today, as fine gold plummeted by Rs 10,100 per tola, slipping well below the Rs 300,000 mark.
Flydubai Approved for Daily Direct Flights to Pokhara Starting September
The Civil Aviation Authority of Nepal (CAAN) has officially cleared Flydubai to launch daily direct flights between Dubai and Pokhara International Airport starting September 23, marking a monumental shift for the region's tourism and international transit network.
NEPSE Edges Lower in Volatile Session; Turnover Closes at Rs. 6.44 Billion
The Nepal Stock Exchange (NEPSE) witnessed a marginal decline of 1.54 points to close at 2,733.59 amidst high intraday volatility, with market turnover reaching Rs. 6.44 Arba.
Cabinet Approves Forest Land for Four Hydropower Projects and Sanctions New Civil Service Rules!
The Cabinet has made four major decisions, including clearing national forest land for multiple hydropower projects, greenlighting the 16th amendment to the Civil Service Rules, and forming a new ad-hoc committee for the Nepal Red Cross Society.
The Ritz-Carlton Debuts in Thamel: Marriott and Chaudhary Group Partner to Elevate Nepal's Luxury Hospitality
Finance Minister Swarnim Wagle met with Marriott International Chairman David Marriott and Chaudhary Group executives to discuss the debut of The Ritz-Carlton in Kathmandu, marking a major milestone for high-end tourism and investor confidence in Nepal.
Mustang Customs Collects Massive Rs. 6.66 Billion in Revenue!
Driven by a surge in trade following the full activation of the Korala border point with China, the Mustang Customs Office has recorded a historic revenue collection of Rs. 6.66 billion as of late May.
NMB Bank Launches Instant 'Indo-Nepal Remittance' Service with Virtual Addresses!
In collaboration with Nepal Clearing House Limited (NCHL), NMB Bank has introduced a swift and secure cross-border remittance service, allowing instant funds transfer between Nepal and India without needing traditional bank account numbers.