Latest News
21-Point Action Plan: Big Reforms Set to Revive Nepal’s Capital Market
The government has unveiled a 21-point Capital Market Strengthening and Revival Action Plan 2083, targeting higher liquidity, institutional investment, tax reforms and new trading instruments to revive the sluggish stock market.
Banks Could Sell Shares After Just 45 Days Under New Capital Market Plan
The government has proposed reducing the minimum holding period for banks and financial institutions’ secondary-market share investments to 45 days, down from the current six-month requirement.
India Approves Up to 654 MW Power Supply to Nepal for 18 Hours Daily
India has approved the supply of up to 654 MW of electricity to Nepal for 18 hours a day until December 31, providing backup support as flood-damaged hydropower projects could increase Nepal’s winter power demand.
Gold Price Drops Rs. 900, Silver Also Slips in Nepal
Domestic gold prices declined today, with fine gold falling Rs. 900 to Rs. 300,100 per tola, while silver dropped Rs. 20 to Rs. 4,600.
SNORL Announces 10% Bonus Shares and 0.53% Cash Dividend
Snow Rivers Limited has proposed a 10% bonus share dividend along with a 0.5263% cash dividend for tax purposes from its FY 2082/83 profit.
Festival Relief: ATMs to Dispense Rs 100 Notes Across Nepal
Nepal Rastra Bank has directed banks and financial institutions to make Rs 100 notes available through ATMs, aiming to ease the rush for small-denomination notes during the upcoming Dashain and festive season.
RSML Announces 30% Cash Dividend for Shareholders
Reliance Spinning Mills Limited (RSML) has proposed a 30% cash dividend, including tax, from its profit for FY 2082/83.
SpaceX Acquires Cursor Maker Anysphere for $60 Billion
Elon Musk’s SpaceX has acquired Anysphere, the company behind AI coding platform Cursor, in a $60 billion all-stock deal, bringing 25-year-old Indian-origin co-founder Aman Sanger into the global spotlight.
Kathmandu DAO Orders Immediate Sale of Cooking Gas Stocks Amid Shortage
The Kathmandu District Administration Office has instructed LPG dealers and distributors to sell available cooking gas stocks to consumers immediately and warned of strict action against hoarding, hidden stocks and overpricing.
CIT Bill Proposes NRS 10 Billion Authorized Capital, Wider Investment Scope
The government has moved forward with a bill to amend the Citizen Investment Trust Act, 2047, aiming to expand CIT’s investment areas, strengthen its capital structure and make the capital market more dynamic.
Prime Minister’s Relief Fund Balance Reaches NRS 13.54 Billion
The Prime Minister’s Disaster Relief Fund continues to receive financial support, with its balance reaching NRS 13.54 billion as of 9 a.m. today.
Philippines Ferry Fire Death Toll Rises to 76, 13 Still Missing
The death toll from a vessel fire in the Philippines’ Palawan province has climbed to 76, while 13 people remain missing and search and rescue operations continue.