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BFIs invested additional Rs 26.95 billion in loans against shares
Published On: March 25, 2021 09:20 AM NPT By: Republica
KATHMANDU, March 25: The banks and financial institutions (BFIs) in the country invested an additional Rs 26.95 billion in margin loans in the first seven months of the current fiscal year as they showed flexibility to invest in the sector after the lockdown and pandemic hit the country.
NEA hires Chinese company to install 50 charging stations
Published On: March 25, 2021 08:50 AM NPT By: Republica
KATHMANDU, March 25: Nepal Electricity Authority (NEA) has awarded the contract to install 50 charging stations for electric vehicles (EVs) to Jiangsu Jingdao New Energy Co Ltd, a Chinese company.
Nepse rallies with improvement in turnover
Published On: March 24, 2021 08:00 PM NPT By: Republica
KATHMANDU, March 24: The Nepal Stock Exchange (Nepse) index saw another upbeat session with the market trending firmly in green throughout the trading hours on Wednesday. The index climbed around 30 points in the morning but retraced slightly around mid-session. However, another rise in the latter half of the trading hours pushed the index higher to close at 2,570.31 – up 41.36 points against the session earlier.
Germany agrees to provide Rs 1.4 billion in grant to foster Nepal’s Green Recovery and Inclusive Development
Published On: March 24, 2021 05:06 PM NPT By: Republica
KATHMANDU, March 24: Germany has signed an agreement with Nepal to provide a Rs 1.4 billion (10 million Euro) grant to foster Nepal’s Green Recovery and Inclusive Development.
Stocks ends 14 points higher
Published On: March 23, 2021 08:05 PM NPT By: Republica
KATHMANDU, March 23: The equity market opened in the green note in the pre-opening session, but the Nepal Stock Exchange Nepse) index immediately pulled back to trade in red within few minutes of the trading session. Nonetheless, Nepse managed to recoup its early losses within half an hour of trading and continued on the positive side of the spectrum in the latter trading hours. In the end, Nepse closed the day 14.57 points up at 2528.96. The bourse witnessed a total turnover of over Rs.514 billion on the day.
Nepal, Bangladesh sign MoU on sanitary and phytosanitary cooperation
Published On: March 23, 2021 05:55 PM NPT By: Republica
KATHMANDU, March 23: Nepal and Bangladesh have signed a memorandum of understanding (MoU) on strengthening sanitary and phytosanitary (SPS) cooperation.
Govt lifts ban placed on import of luxury vehicles
Published On: March 23, 2021 06:30 AM NPT By: Republica
KATHMANDU, March 23: The government has lifted a ban on import of the luxury vehicles that had been in place since the government enforced a nationwide lockdown on March 24 last year.
Govt waives electricity demand charges for hotels to help them recover losses during peak COVID-19 period
Published On: March 22, 2021 12:25 PM NPT By: Republica
KATHMANDU, March 22: The government has decided to waive the electricity demand charges of the lockdown period for the hotel and restaurant industry that are hard hit by the COVID-19 pandemic. A cabinet meeting held recently took a decision to this effect.
Nepal imports goods worth Rs 1.25 billion in single month as economic activities start rebounding
Published On: March 22, 2021 10:04 AM NPT By: Republica
KATHMANDU, March 22: Imports have risen as economic activities, which slowed down due to COVID-19, have resumed in the country. The import has increased as the consumption has increased in the country.
NTB to lead 25 companies at SATTE to promote domestic tourism
Published On: March 21, 2021 07:35 PM NPT By: RSS
KATHMANDU, March 21: Nepal Tourism Board (NTB) has geared up preparations to revive domestic tourism hit hard by the coronavirus pandemic. The NTB will be taking part in the South Asia Travel and Tourism Exchange (SATTE) to be organised by the International Tourism Promotion Board in India.
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