Nepal’s stock market extended its decline for a second consecutive session, with the NEPSE index falling 13.85 points (0.54%) to close at 2,531.55. Turnover stood at around NRS 4 billion.
The Prime Minister Disaster Relief Fund has accumulated a total balance of more than NRS 12.43 billion, including deposits in Nepali rupee and US dollar accounts.
Nepal Telecom has reshuffled its Board of Directors, appointing Rajendra Kumar Poudel as Chairman and Ravilal Sharma as a new Board Member.
The government has approved Prime Minister Balen Shah’s visit to New York to attend the 81st United Nations General Assembly, alongside several major administrative and policy decisions.
The reconstruction of flood- and landslide-affected areas in Rasuwa could require nearly USD 4 billion, according to an initial assessment by the National Disaster Risk Reduction and Management Authority.
Hathway Investment Nepal Limited has announced plans to make a long-term investment of up to NRS 400 million in Vijay Shree Sugar Mills and Induwa Khola PROR Hydropower Project as part of its portfolio diversification strategy.
ServiceTitan reported stronger-than-expected quarterly revenue and adjusted EPS, but its shares plunged 29.98% to USD 57.12, as investors reacted negatively to weaker forward guidance and concerns over the company’s growth outlook.
Students affiliated with the All Nepal National Independent Students’ Union (Revolutionary) staged a symbolic protest at Ratna Rajya Laxmi Campus by cooking food over a firewood stove, demanding immediate action to address the ongoing LPG shortage in Kathmandu Valley.
Gold prices climbed to NRS 305,800 per tola on Thursday, gaining NRS 3,400 from the previous day, while silver also recorded an increase.
CARE Ratings Nepal has reaffirmed ‘CARE-NP BBB (Is)’ issuer rating for Bajeko Sekuwa Limited, highlighting its established brand, growing franchise network and improving financial position.
Nepal Rastra Bank is set to collect NRS 55 billion in deposits for 60 days to manage excess liquidity and help stabilize interest rates.
Gold fell by NRS 3,000 per tola and silver by NRS 40 per tola in the Nepali market on Wednesday, Bhadra 24.