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MARKET WATCH
Nov 21,2014
NEPSE
862.5  -  8.55
CRUDE OIL(/BARREL)
78.69  -  0.38
USD/NPR
99.41  -  -0.03
GOLD(NPR / 10g)
43810  -  170
SILVER(NPR / 10g)
600  -  0
Home » News
21/11/2014
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FINANCIAL NEWS  >>
LATEST FROM MARKET PULSE  arrow
Twenty-seven out of 30 commercial banks earned profits in the first quarter of the fiscal year. The loss-makers include Grand Bank, Prabhu Bank and Civil Bank. The banks eared...  [more...]
The profit of commercial banks increased by 17.57 per cent to Rs 4.98 billion during the first quarter of the current fiscal 2014-15, compared to the corresponding period of the ...  [more...]
Nepal Rastra Bank (NRB) has called back its team from H&B Development Bank, handing over the reins of the class ´B´ bank to a new team of promoters. NRB Spokes...  [more...]
LATEST FROM STOCKS  arrow
Laxmi Bank’s 14th annual general meeting (AGM) was held in Kathmandu, on Tuesday, and chaired by Rajendra Khetan, chairman of the bank. The AGM discussed and approved the D...  [more...]
Continuing its losing streak, Nepal Stock Exchange (Nepse) last week dropped 16.38 points to close at 904.92 points. The market, which opened at 921.3 points on Sunday, dived ...  [more...]
Nepal Stock Exchange (Nepse) lost 0.12 points to close at 930.21 points last week. The market, which opened at 930.33 points on Sunday, rose 4.68 points on Monday. But the ben...  [more...]
LATEST FROM INSURANCE  arrow
SAGAR GHIMIRE Beema Samiti (BS) -- the insurance sector regulator -- has raised the ceiling for insurance companies to invest in stock market and other productive sectors. Th...  [more...]
The Insurance Board (IB) has formally allowed insurance companies to invest up to five percent of their total investment in the productive sector or shares of public limited comp...  [more...]
Insurance companies from now onwards cannot distribute more than 20 per cent of the profit as cash dividend. The Insurance Board (IB), the insurance sector regulator, put a ca...  [more...]
LATEST FROM REMITTANCE  arrow
Remittance inflows have declined for the second straight month amid a surge in imports triggering concern about a possible impact on the economy. Nepal Rastra Bank (NRB) has b...  [more...]
Global IME Bank Ltd and IDBI Bank of India have signed a Memorandum of Understanding to facilitate remittance services between Nepal and India. Global IME CEO Ratna Raj Bajrac...  [more...]
The remittance growth rate has fallen drastically in the first month of the current fiscal year, raising suspicion that formal banking channel may be losing its efficiency, which...  [more...]
LATEST FROM FOREX/COMMODITY  arrow
Gold price posted this year’s biggest single-day gain of Rs 1,500 per tola on Sunday to reach Rs 50,500. The metal was traded at Rs 49,000 on Saturday. Silver price also...  [more...]
This week, the price of gold in the domestic market dropped to an over three-year low, whereas silver price has come down to the level that it was at four years back, as the pric...  [more...]
The price of gold declined heavily by Rs 1,500 per tola in six trading days of this week as the price of the yellow metal slumped sharply in the international market. The mark...  [more...]
LATEST FROM REAL ESTATE  arrow
The real estate business is likely to continue its upward trend in the current fiscal year. In the first two months of the current fiscal year, the government’s revenue fro...  [more...]
"Real estate developers don’t feel the need for lavish festive offers to push sales" Unlike previous years, real estate developers have not introduced exciting...  [more...]
The government’s revenue from property transactions surged more than 50pc to hit record high of Rs 7.81 billion in 2013-14. Land Revenue Offices (LROs) had collected Rs 5.2...  [more...]
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