Kathmandu – Mountain Energy Nepal Limited has announced that it will distribute a total dividend of 21.053% for the fiscal year 2081/82. According to the decision made by the company’s Board of Directors on Kartik 20, shareholders will receive a 20% bonus share and an additional 1.053% cash dividend to cover tax obligations. The proposed … Read more
In the first quarter of the current fiscal year 2082/83 (mid-July to mid-October), Nepal’s commercial banks have earned a combined profit of Rs 13 arba 14 crore 98 lakh. This marks a decline compared to the same period last year, when their total profit stood at Rs 16 arba 18 crore. Among the banks, Global … Read more
Recently, a new trend called V-shape recovery has become popular in the Nepal Stock Exchange (NEPSE). A V-shape recovery means the market falls sharply but then rises quickly again, forming a “V” shape on the chart. It shows strong confidence returning to the market after a long decline. This trend gained momentum after Bajarko Chirfar, … Read more
The Government of Nepal has opened applications for startup loans under the Startup Enterprise Loan Operating Procedure. The Industrial Business Development Foundation has invited interested entrepreneurs to submit project proposals within 21 days. This loan program aims to support new business ideas and innovation in Nepal. Applicants must meet the eligibility criteria listed in Section … Read more
NIC Asia Bank has appointed Sujit Kumar Shakya as its new Chief Executive Officer (CEO). The decision to appoint him was made during the bank’s board meeting on Monday. The bank informed shareholders about the appointment through NEPSE. According to the agreement with the bank, Shakya will begin his responsibilities within the next 30 days. … Read more
Mabilung Energy Limited started trading its shares in the secondary market from Kartik 18. The company had listed a total of 3,858,240 shares — 1,967,710 promoter shares and 1,890,530 public shares — in the market on Kartik 17. For the first trade, NEPSE had set the price range between Rs. 105.90 and Rs. 317.70 per … Read more
People’s Power Limited has deposited the 50% rights shares, which were sold through auction, into the DEMAT accounts of the shareholders. The company has listed 3,136,000 units of rights shares in the secondary market and transferred them to investors’ accounts. These shares were listed on Kartik 14 and have been tradable in the secondary market … Read more
SY Panel Nepal Limited is opening its Initial Public Offering (IPO) for general investors from Wednesday (Kartik 19). Earlier, the company had already issued shares to people living in the industry-affected area and Nepalis working abroad. Shares for workers abroad were issued from Asoj 7 to 10, and distribution took place on Asoj 23. Shares … Read more
Kamana Sewa Development Bank Limited has published its unaudited financial report for the first quarter of fiscal year 2082/83. The bank earned a net profit of Rs. 19 crore 76 lakh, which is 12.92% higher than last year’s Rs. 17 crore 50 lakh. The bank said the profit increased because its income from interest and … Read more