business

img
NTC to distribute cash bonus to shareholders

Nepal Telecom Limited is set to distribute cash bonus of Rs 55 in each share from its profit of the fiscal year 2074/75. The 11th annual general meeting of the NTC held on Monday unanimously approved the proposal for distributing cash bonus, shared Nepal Telecom Spokesperson Prativa Baidya. An arrangement has been made to distribute cash bonus to shareholders

by RSS | Jan 15
img
Cooperatives have Rs 302 billion saving

The cooperatives have collected savings of Rs 302 billion, the National Cooperative Federation of Nepal (NCFN) has said. The total 35,512 cooperatives operating across the country collected this much amount of savings. NCFN deputy manager Babul Khanal said that of the amount collected as savings, Rs 272 billion has been issued as loan investment.

by RSS | Jan 11
img
NEPSE hit by 7.22 point fall

The domestic share market was hit by a fall of 7.22 points in the opening day of the week today, thus sitting at 1,170.79 points. The sensitive index measuring the transactions of 'A' class companies plummeted 1.3 point and closed at 248.56 points. According to the Nepal Stock Exchange (NEPSE) index, the total traded share volume was 1,363,854

by RSS | Jan 06
img
NEPSE continues to dip

The Nepal Stock Exchange continued to suffer with the index decreased 1.56 points to close at 1178.87 today. The sensitive index which measures the performance of class 'A' stocks also dipped 0.48 points to stand at 250.06. The market witnessed the trading of over Rs 276 million worth of 7,97,613 shares of the total 158 companies.

by RSS | Jan 03
img
India wins FDI inflow war against China after 20 years

The year 2018 has been very good for the Indian economy so far as the foreign direct investment (FDI) is concerned. According to a report, for the first time in two decades, India got more foreign inflows in 2018 than China.

img
India agrees to energy banking with Nepal

India has agreed on ‘energy banking’ so as to use electricity that is in surplus supply in Nepal during the rainy season. The 13th meeting of the Power Exchange Committee (PEC) held in the Indian capital New Delhi on Wednesday decided on ‘energy banking’ between Nepal and India.

by RSS | Dec 27
img
Bank to dole out upto 65% in loan for share

The Nepal Rastra Bank (NRB) has made the provision to provide loan up to 65 per cent by keeping share certificate letters as collateral. The central bank's decision comes directing the banks and financial institutions meant for reforms in share market. The central bank took the fresh move as per the recommendation made by a task force formed

by RSS | Dec 27
img
New provision allows commercial banks to take loan from Indian

Commercial banks of Nepal are now allowed to take loan from Indian banks and financial institutions. Nepal Rastra Bank devised the provision that Nepal's commercial banks could take the loan from India's banks and financial institutions, so that they could float the loan here in tourism, agriculture and micro finances.

by RSS | Dec 26
img
World Bank to provide Rs 16 billion to 21 municipalities

The World Bank is to invest tens of millions of rupees for the infrastructure development of Baglung municipality. Mayor of Baglung municipality Janak Raj Poudel said that the WB is investing approximately Rs 16 billion in 21 municipalities throughout the country, including Baglung municipality, through the Urban Administrative Capacity and Infrastructure Improvement Project II.

by RSS | Dec 19
img
Nepal has tremendous potential for trade and business : Governor

Nepal Rastra Bank Governor Dr Chiranjivi Nepal has asserted that one does not need to go abroad or take bribe to become rich as Nepal too has tremendous potentials for trade and business. Unveiling the book named ' Asal Arthasastra' (Good Economics)', Governor Nepal argued that it is high time people mull about building entrepreneurship

by RSS | Dec 16
img
Rice production increases by 12% in Province 1

Rice production in Province 1 this year increased by 12 per cent compared to the previous year. According to the Regional Agriculture Directorate Office, Biratnagar, a total of one million 241 thousand 639 metric tons of rice was produced in the province comprising 14 districts from Bhojpur to Udaypur. 

by RSS | Dec 10
img
Nepal Rastra Bank to deposit 10 Arba with various Banks

Nepal Rastra Bank will be depositing Rs 10.15 Arba in fixed deposits of various banks and financial institutions. The central bank will be depositing the amount from Poush 1 till Mangsir 30, 2076 i.e. for 1 year.

img
Operational problem in online trading system addressed

A problem related to the operation of the fully automated online trading system launched recently by the Nepal Stock Exchange has been resolved by making the users aware. Lack of knowledge of operation and data entry had created a hassle in the operation of the system. Operation training had been organised for the investors and stock brokers

by RSS | Dec 06
img
Additional stocks worth Rs 11 billion listed in NEPSE

Additional stocks equivalent to around Rs 11.33 billion have been listed in the Nepal Stock Exchange (NEPSE). According to the latest details issued by the Nepal Rastra Bank (NRB), the paid-up capital of the companies listed in the NEPSE has surpassed Rs 360 billion. A total of 198 companies have been registered at the NEPSE and among them

by RSS | Dec 04
img
NEPSE stabilises

The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip. The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group 'A' stocks has also risen 0.06 points.

by RSS | Dec 03
img
Commercial banks yet to reach 76 levels

Despite the government mandatory provision to open a commercial bank at every local level, no commercial bank has yet reached at 76 levels. According to the latest details published by the Nepal Rastra Bank, the central bank of Nepal, commercial banks have reached with their services to only 677 levels, out of 753.

by RSS | Dec 03
img
Trump and Xi Jinping declare trade truce at G20 Summit

Donald Trump has delayed for 90 days his threatened imposition of 25% tariffs on Chinese imports after a dinner meeting with Xi Jinping, to give time for negotiations on longstanding trade disputes between the two countries, the White House has said.

img
NTB allocates Rs 1.7 billion for FY 2075/76

Around four months after the commencement of the fiscal year 2075/76, the Nepal Tourism Board (NTB) has allocated around Rs 1.7 billion budget for the FY. The budget was approved by the Board of Directors of the NTB. The budget has targeted 'the Visit Nepal Year 2020', and prioritised tourism management and promotion, public relation, and publicity.

by RSS | Nov 30
img
Nepse index hits double-digit fall

The price of shares in the domestic stock market has dropped by two digits. According to the Nepal Stock Exchange (NEPSE), the Nepse index that measures the transaction decreased by 10.37 points to sit at 1,148.70 points in today’s trading. Likewise, the sensitive index that measures the share transaction of class ‘A’ companies fell 2.21

by RSS | Nov 29
img
Call for reforms in NEPSE automated system

Share investors have demanded an immediate reform in the fully automated system introduced recently by the Nepal Stock Exchange (NPESE) Ltd. The shareholders today assembled at the NEPSE office to press authorities concerned to make immediate interventions to upgrade the system. They have also demanded their access to the use of personal user accounts and password.

by RSS | Nov 26