KATHMANDU, Dec 22: The construction of the Solu Corridor 132 kV double circuit transmission line that was halted for two years is in the final stage of completion.

Nepse shoots up to cross 2,400 mark

Published On: December 21, 2021 08:00 PM NPT By: Republica

KATHMANDU, Dec 21: Stocks moved sharply higher in morning trading before witnessing a small correction. The benchmark traded around 20 points higher for the first half of the session before an afternoon rally pushed the index firmly in positive territory. At the close, Nepse was up 56.73 points at 2,415.55.

FDI worth Rs 30 billion pledged during mid-July and mid-December

Published On: December 21, 2021 07:05 PM NPT By: Republica

KATHMANDU, Dec 21: Foreign firms pledged to invest Rs 30 billion in Nepal in the first five months of the current fiscal year.

KATHMANDU, Dec 21: Nepal Rastra Bank (NRB) has asked importers of selected luxury items to maintain cent percent cash margin to open letter of credit (LC) accounts, targeting to tighten the noose on the import of such products.

Guheshwari Merchant Banking and Finance now affiliated with NCHL

Published On: December 21, 2021 03:00 PM NPT By: Republica

KATHMANDU, Dec 21: A formal agreement has been signed between Nepal Clearing House Limited (NCHL) and Guheshwari Merchant Banking and Finance Ltd for the launch of the first phase of National Payment Switch.

85 percent upgrading work completed on Jomsom-Korala section

Published On: December 21, 2021 02:15 PM NPT By: Republica

GALESHWOR, Dec 21: As much as 85 percent works related to the blacktopping and upgrading of the Jomsom-Korala road section and 65 percent of the Beni-Jomsom section have been completed so far. The Beni-Jomsom road section is considered the lifeline of Gandaki Province.

NCHL receives Digital Services ICT Award 2021

Published On: December 21, 2021 01:57 PM NPT By: Republica

KATHMANDU, Dec 21: Nepal Clearing House Limited (NCHL) has been awarded with the Digital Services ICT Award 2021 under the ICT Award 2021.

KAILALI, Dec 21: Minister for Culture, Tourism and Civil Aviation Prem Bahadur Ale has said  that land acquisition for the expansion and upgradation of Dhangadhi airport would gain momentum as the ministry has already arranged a budget of Rs 1 billion.

KATHMANDU, Dec 21: The government has revised the ceiling of deposit, out of the grant amount being provided to the local governments, which the banks concerned have been using to maintain their credit-deposit (CD) ratio.

Nepse down 18 points in mundane Monday session

Published On: December 20, 2021 08:00 PM NPT By: Republica

KATHMANDU, Dec 20: Stocks witnessed a sharp decline in the morning with the index dipping around 30 points. Despite the index making a recovery to trade in green in the afternoon, further decline saw the benchmark close with a loss of 17.93 points at 2,358.81.