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Jun 25,2016
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Home » News
25/6/2016
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FINANCIAL NEWS  >>
LATEST FROM MARKET PULSE  arrow
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below average fundamentals to the proposed Initial Public Offering (IPO) of Synergy Power  Developm...  [more...]
Following widespread criticisms of some of the provisions in a bill to amendment the Bank and Financial Institution Act (BAFIA), a full house meeting of the parliament on Tuesday...  [more...]
The top management of Nepal Investment Bank Ltd has filed a complaint before the Press Council accusing the business daily Arthik Abhiyan of publishing a number of defamatory sto...  [more...]
LATEST FROM STOCKS  arrow
United Modi  Hydropower Limited will be coming out with its IPO issue in near future. The company will be floating 28,75,000 unit ordinary shares. The company has already...  [more...]
Dibyaswori Hydropower Company Limited has received final approval from Securities Board of Nepal (SEBON) to issue Initial Public Offering (IPO) worth Rs 3.96 crore. As per the...  [more...]
The Nepal Stock Exchange (Nepse) index hit a high of 1,212 points on Sunday on the implementation of the demat system and positive development towards the settlement of the Madhe...  [more...]
LATEST FROM INSURANCE  arrow
Non-life insurance companies have settled 42.38 per cent of the claims related to the devastating earthquakes of April and May, which regulators say is ‘satisfactory’...  [more...]
The Insurance Board (IB) will not be able to regulate insurance companies if provisions in the draft constitution are implemented as they are. Such a cutback in power of the c...  [more...]
The Insurance Board (IB) has moved to raise the paid-up capital requirement for insurance companies. The increase will help insurers to meet a huge amount of liabilities thereby ...  [more...]
LATEST FROM REMITTANCE  arrow
Remittance growth has slowed down over the last couple of months this fiscal as the rampant fall in oil prices since last year has adversely affected the spending of the governme...  [more...]
If remittance entering the country were to drop by 10 percent, Nepal’s annual economic growth could drop by up to 3 percentage points compared to baseline forecasts, says a...  [more...]
Many may not believe it but Nepal is the seventh largest country to send remittance to India. According to PewReserchCenter, remittances worth $3.34 billion were sent from Nep...  [more...]
LATEST FROM FOREX/COMMODITY  arrow
The strengthening of the US dollar and expectations of the US central bank raising the interest rate next month after nearly a decade weighed on the price of precious metals toda...  [more...]
The price of both gold and silver declined by Rs 1,100 and Rs 10 per tola, respectively, over the week, from November 1 to 6. The market opened on Sunday with gold price fixed...  [more...]
The price of gold slumped by Rs 400 per tola to Rs 50,600, while that of silver remained constant at Rs 715 a tola during the week, from October 25 to 30. The price of the pre...  [more...]
LATEST FROM REAL ESTATE  arrow
The government is set to deny permits to build new houses on plots smaller than 2.8 annas while roads in residential areas have to be a minimum of six metre wide, according to ne...  [more...]
After facing huge loss of human settlements and lives owing to haphazard urbanisation on April 25 earthquake, the budget for the fiscal year 2015-16 has adopted various measures ...  [more...]
The Parliamentary Agriculture and Water Resources Committee has cleared the way for implementation of the amended Lands Act 2021 (1964) that had long been under serious debate. ...  [more...]
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