Nepse corrects, pulling most segments in negative territory

Published On: August 5, 2021 07:14 PM NPT By: Republica

KATHMANDU, August 5: The Nepal Stock Exchange (Nepse) index opened in green but corrected firmly pulling the index back towards the opening level at around mid-day. The benchmark witnessed another advance but failed to hold ground in green as the market witnessed a gradual decline in the latter trading hours. At the close, Nepse fell 16 points to settle at 3,107.45.

NYEF Kathmandu Startup Awards for Nepali startups

Published On: August 5, 2021 05:31 PM NPT By: Republica

KATHMANDU, August 5: Nepalese Young Entrepreneurs Forum (NYEF), a non-profit organization under the Federation of Nepalese Chambers of Commerce and Industry, is organizing the NYEF Kathmandu Startup Awards with the aim to facilitate developing a business ecosystem in Nepal through the means of exposure, mentorship and investment to the startups.

KATHMANDU, August 5: Buddha Air, a private airline, is scheduled to operate flights on the Bharatpur-Bhairahawa route from August 15.

KATHMANDU, August 5: The bodies of 24 Nepalis who died in Malaysia during employment were brought to Nepal a week ago. The bodies had been stranded in Malaysia for some time due to the limited regular flights following the COVID-19 pandemic. The Foreign Employment Board has stated that the bodies were brought after a wide body aircraft was sent for the purpose.

DADELDHURA, August 5: Agriculture output has gradually slumped in Dadeldhura district as farmers are being displaced from agricultural occupation after wild animals arriving from nearby conservation areas started frequently ravaging their crops.

KATHMANDU, August 5: Nepal Electricity Authority Managing Director Hitendra Dev Shakya has warned to go to court if the government decided to forcibly dismiss him. Shakya made the remarks a day after Minister for Energy, Water Resources and Irrigation Pampha Bhusal asked him to resign.

KATHMANDU, August 4: After opening firmly higher, the Nepal Stock Exchange (Nepse) index pulled back sharply but managed to trade in green in the morning. The benchmark witnessed lackluster trading thereafter, with the index hovering marginally in positive territory throughout Wednesday’s session. At the close, Nepse ended with a gain of 12.05 at 3,123.15.

Many BFIs not transparent in spending from CSR fund

Published On: August 4, 2021 07:10 PM NPT By: Republica

KATHMANDU, August 4: Most of the banks and financial institutions (BFIs) have been found concealing information related to the amount they spent on their corporate social responsibility (CSR).

KATHMANDU, August 4: Huawei has announced to invest US $ 100 million in the promotion of startups in the Asia Pacific region.

KATHMANDU, AUGUST 4: The Supreme Court (SC) has issued an interim order against the Social Security Fund (SSF), asking the authorities to halt the implementation of the mandatory rule for the employees of the private companies to be listed in the SSF.