Nepse ends at new high as hydropower stocks surge

Published On: April 6, 2021 07:30 PM NPT By: Republica

KATHMANDU, April 6: The equity market opened 20 points high in the preopening session but immediately pulled backed to trade in the red. Nonetheless, the market succeeded to recover within 15 minutes of trading, and the index traded flat till mid-day.  Likewise, the market maintained its footing in green in the last trading session.  At the close, Nepse settled at 2,674.47 – up 15.72 points against the session earlier

KATHMANDU, April 6: Nepal has received a debt service relief amounting to NPR 582 million (EURO4.299 million) through a European Union contribution of EURO 183 million to the ‘Catastrophe Containment Relief Trust (CCRT) set up by the International Monetary Fund (IMF).

KATHMANDU, April 4: Prices of petrol and diesel in Nepal surged more than 20 percent in the past one year with Nepal Oil Corporation (NOC) hiking the fuel prices again on Sunday midnight.

KATHMANDU, April 5: Dr Mangal Rawal has been appointed as the Vice-chancellor of Karnali Academy of Health Sciences (KAHS). Prime Minister and Chancellor KP Sharma Oli appointed Dr Rawal to the post.

KATHMANDU, April 5: The Department of Drug Administration (DDA) has barred selling medicinal products using online platforms such as social media.

KATHMANDU, April 4: The parliamentary Public Accounts Committee (PAC) has directed the government to recover the dues from the industries which used electricity supplied through dedicated feeders and trunk lines after Nepal Electricity Authority (NEA) failed to take action against them.

KATHMANDU, April 4: The dead bodies of as many as 12 Nepali migrant workers were brought in from Malaysia, one of the major labor destinations for Nepalis, on Sunday.

KATHMANDU, April 4: Banks and financial institutions (BFIs) blacklisted as many as 3,942 individuals and firms on charge of defaulting loans during the eight and a half months of the current fiscal year from mid-July 2020 to March-end 2021, despite Nepal Rastra Bank (NRB)’s repeated direction for not blacklisting the firms failing to clear their loans due to COVID-19.

KATHMANDU, April 3: The Department of Revenue Investigation (DRI) has decided to destroy substandard sugar seized last year.

KATHMANDU, April 3: Nepal needs to diversify its exportable goods rather than just focusing on the niche products in order to gain from trading with other countries.