NRB investing Rs 1.10 billion in the fixed deposits of BFIs

Published On: November 30, 2021 07:30 PM NPT By: Republica

KATHMANDU, Nov 30: Nepal Rastra Bank (NRB) has sought to invest Rs 1.10 billion in fixed deposits of the banks and financial institutions (BFIs).

Nepse closes almost flat after recouping intraday loss

Published On: November 30, 2021 07:00 PM NPT By: Republica

KATHMANDU, Nov 30: Stocks opened in green and traded slightly higher in the morning. However, the market witnessed a sharp decline thereafter before a small recovery at mid-day. The benchmark continued to trade in red for most of the session. A last hour rebound pushed the index towards the opening level. At Tuesday’s close, Nepse stood at 2,628.37 – down 1.64 points against the day earlier.

KATHMANDU, Nov 30: Despite the government authorities repeatedly issuing caution notices to check gold import, there is a massive surge in the import of the precious metal by travelers returning from abroad.

KATHMANDU, Nov 30: Huawei hosted the opening ceremony for this year’s Seeds for the Future, its global flagship CSR program for undergraduate level students from all ICT-related disciplines in Nepal at an event held in Kathmandu on Monday. This year marks the first year of Huawei introducing the program in Nepal.

KATHMANDU, Nov 30: Nepal Electricity Authority (NEA) Executive Director Kulman Ghising has instructed the contractor company to complete the construction of the 111 MW Rasuwagadhi, 42.5 MW Sanjen and 14.8 MW Upper Sanjen hydropower projects which are being constructed under the leadership of the Chilime Hydropower Company as soon as possible.

KATHMANDU, Nov 30: The government has asked an individual returning from foreign visits not to bring in gold jewelry, alcoholic beverages, mobile phones and laptops beyond the limits prescribed by the law.

Nepse ends 21 points lower

Published On: November 29, 2021 07:11 PM NPT By: Republica

KATHMANDU, Nov 29: The Nepal Stock Exchange (Nepse) index started the trading on positive note but immediately pulled back to trade in red. However, the index within a few minutes recouped the losses and traded more than 25 points higher. Nonetheless, sellers dominated most of the trading hours. The index continued to close in negative territory ending the day at 2,630.01 – down 21.48 points against the session earlier.

KATHMANDU, Nov 29: The government will be blacklisting the foreign companies that do not provide Nepali migrant workers with the salaries and perks as per the agreement.

KATHMANDU, Nov 29: The Embassy of Nepal, Islamabad participated in the MOFA Charity Bazar in Islamabad in which the Embassy had a stall where it displayed Nepal’s traditional products, curio items and tourism products. The Embassy also participated in the food festival of Bazar where Momo was served.

KATHMANDU, Nov 28: The Chilime-Trishuli 220 kV transmission line and substation under construction in Rasuwa and Nuwakot have acquired 60 percent progress.