Latest News
Third Night of US Strikes Triggers Wider Iran Retaliation
The United States launched a third consecutive night of military strikes on Iranian targets, prompting Iran to retaliate with missile and drone attacks across the Gulf, including against oil tankers and US military facilities, further escalating regional tensions and disrupting global energy markets.
111 MW Rasuwagadhi Hydropower Suspends Generation as Flood Risk Rises
Power generation at the 111 MW Rasuwagadhi Hydropower Project has been temporarily suspended after rising water levels and a mud-laden flood in the Lhende Khola raised concerns over the safety of project infrastructure.
Nabil Bank Tops Profit Chart as Commercial Banks Earn Rs. 64.56 Billion
Nepal Rastra Bank's latest financial performance report shows commercial banks earned a combined Rs. 64.56 billion in net profit by the end of Jestha, with Nabil Bank leading the sector, while Garima Bikas Bank topped development banks.
Modi Khola Flood Cuts Off Ghandruk Road, Tourists Stranded
Heavy rainfall has caused the Modi Khola to overflow, washing away part of the Nayapul–Birethanti–Ghandruk road, damaging homes and businesses, and disrupting travel to the Annapurna trekking region.
NEPSE Drops Over 30 Points, Turnover Reaches Rs. 7.46 Billion
Nepal’s stock market extended its losing streak on Monday, with the NEPSE index falling 30.60 points amid broad-based selling, while daily turnover stood at Rs. 7.46 billion.
Government Releases Rs. 3.3 Million to Revive Hetauda Textile Mill
The Ministry of Finance has released Rs. 3.3 million to support the reopening of the Hetauda Textile Mill, with the Nepali Army expected to manage operations and invest up to Rs. 2 billion in the revival project.
After Self-Immolation Cases, PM Balen Pushes Nationwide Burn Care Expansion
Prime Minister Balendra Shah (Balen) has ordered the immediate establishment of well-equipped burn treatment centers in all seven provinces while directing private hospitals to provide at least 10 percent of OPD services free of charge or at subsidized rates for underprivileged citizens.
Gold Price Drops by Rs. 2,800 per Tola, Silver Also Declines
Gold prices declined sharply in Nepal's domestic market on Monday, with the price of fine gold falling by Rs. 2,800 per tola, while silver also recorded a moderate decline.
Finance Minister Swarnim Wagle Proposes Major Legal Overhaul to Modernize Nepal’s Tax and Revenue System
The government has introduced a sweeping reform bill to simplify Nepal’s economic administration by repealing outdated laws, restructuring revenue investigations, mandating GPS tracking for commercial transport, and strengthening tax enforcement.
Time Pharmaceuticals Sets IPO Cut-Off Price at Rs. 500, Public to Buy Shares at Rs. 450
Time Pharmaceuticals has fixed its IPO cut-off price at Rs. 500 per share through the book-building process. Retail investors will receive a 10% discount, allowing them to subscribe at Rs. 450 per share.
Muglin–Narayangadh Highway Remains Open Despite Heavy Rain, Travelers Urged to Stay Alert
Authorities have confirmed that traffic is operating normally on the Muglin–Narayangadh road section, but continuous rainfall has kept landslide risks high, prompting travelers to check road conditions before departing.
Ru Ru Jalbidhyut to Invest Rs 80 Million in Myagdi Hydropower
The hydropower company has approved the purchase of 800,000 promoter shares of Myagdi Hydropower as part of its investment strategy.