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ECONOMY

India renews approval to import 654 MW of electricity under...

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The earlier approval was set to expire on Wednesday. Under the renewed arrangement, Nepal Electricity Authority (NEA) is allowed to import 600 MW of electricity through the 400 kV Dhalkebar–Muzaffarpur transmission line and an additional 54 MW through the Tanakpur–Mahendranagar line, tot...
16 hours ago
ECONOMY

Salapa Bikas Bank opens IPO for general public, offering 1.4...

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The bank has issued 1,439,179 shares worth Rs 143.9 million for the general public. Earlier, it had received approval to issue shares equivalent to 33 percent of its paid-up capital, amounting to Rs 172.388 million, and has now opened the remaining portion after the first-phase allotment.
17 hours ago
ECONOMY

Private sector concerned over inaction in Sept 9 arson case:...

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Speaking at an all-party dialogue organised by the FNCCI with Prime Minister Sushila Karki and leaders of major political parties, Dhakal demanded prompt action against those responsible for the incidents. He said elections are a means of institutionalising democracy and commended the Government of...
18 hours ago
ECONOMY

163 companies gain as NEPSE inclines 10.87 points

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Nepal Stock Exchange (NEPSE) on Wednesday rose 10.87 points to close at 2,633.76 points.
19 hours ago
ECONOMY

Nepal aims for Rs 300 billion in IT exports as NRB opens doo...

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Nepal has set an ambitious target of Rs 300 billion in annual IT exports as the central bank eases rules to spur overseas investment and global expansion.
21 hours ago
ECONOMY

Mushroom trade hits Rs 20 billion, but transport bottleneck...

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Despite achieving self-sufficiency in mushroom production, farmers claim that the industry continues to struggle with transportation issues for raw materials and policy ambiguities.
22 hours ago
ECONOMY

NICCI welcomes central bank’s move to ease dividend repatria...

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NICCI expressed its appreciation following a series of long-standing concerns it had raised with the central bank.
1 day ago
ECONOMY

NRB eases FDI rules, allows Nepali IT firms to invest abroad

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By amending the Nepal Rastra Bank Foreign Investment and Foreign Loan Management Bylaw, 2021, the central bank has removed the requirement for foreign investors to obtain prior approval from the NRB to bring foreign currency into Nepal or repatriate funds.
1 day ago
ECONOMY

Govt earnings from interest tax plunges 15.76 percent in fiv...

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The government earned Rs 12.61 billion from tax imposed on interest earned by depositors of the BFIs during mid-July and mid-December this year.
1 day ago
ECONOMY

Riverside Hydro Energy to issue IPO, calls AGM on Jan 6

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The company has scheduled the AGM for January 6, where shareholders will deliberate on four ordinary and three special agendas. One of the key proposals is to approve the issuance of an IPO equivalent to 20 percent of the company’s paid-up capital.
1 day ago