Latest News
53 Ilam Tea Factories Reopen After Three-Point Agreement Resolves Export Deadlock
Following a prolonged shutdown triggered by India's stringent new quality testing rules, 53 orthodox tea factories in Suryodaya Municipality, Ilam, have resumed operations after local authorities agreed to manage safety storage for stockpiled tea.
2 months ago
Nerude Mirmire Laghubitta (NMLBBL) Auctions 1,72,634 Units of Promoter Shares
Nerude Mirmire Laghubitta Bittiya Sanstha Limited (NMLBBL) has opened an auction for 1,72,634 units of promoter shares starting today (Ashad 12, 2083). The auction is open to individual investors, corporate bodies, and institutions, with the bidding deadline set for Ashad 26, 2083.
2 months ago
Gold Prices Rise While Silver Drops; Gold Fixed at रू 2,79,100 Per Tola
According to the Federation of Nepal Gold and Silver Dealers' Association, domestic gold prices climbed by रू 800 per tola today, whereas silver witnessed a decline of रू 55 per tola.
2 months ago
Nepal Rastra Bank Unveils Today's Foreign Exchange Rates; US Dollar Buying Rate Fixed at रू 150.74
Nepal Rastra Bank (NRB) has released the official foreign exchange rates for today, Friday, positioning the US Dollar selling rate at रू 151.34, while major European currencies like the Euro and UK Pound Sterling hover near the रू 172 and रू 199 marks respectively.
2 months ago
NRB Faces Pressure to Align Upcoming Monetary Policy With Private Sector-Friendly Budget Propositions
Despite an exceptionally strong external sector fueled by record remittance inflows and robust foreign exchange reserves, Nepal’s domestic economy remains trapped in a sluggish state, prompting private sector leaders to demand an investment-friendly upcoming Monetary Policy for FY 2083/084 to revive business confidence and stimulate market demand.
2 months ago
Nepal Spends Rs. 2.73 Kharba on Petroleum Imports in 11 Months Despite Volume Drop
Driven by global inflation, a surging US Dollar, and war-induced market instability, Nepal's fuel import costs climbed to Rs. 2.73 Kharba in the first 11 months of the fiscal year, even though the country imported less total volume.
2 months ago
Nepal Plans Seasonal Electricity Tariffs to Offset Controversial 5% Budget VAT
Nepal is moving toward a seasonal electricity pricing system, offering cheaper rates during the high-production rainy season. The strategy aims to encourage local consumption of surplus hydropower and ease public anger over a newly proposed 5 percent VAT on domestic electricity bills.
2 months ago
Nagdhunga-Muglin Highway Expansion Faces New Delays and Looming Deadline Extensions
The crucial 95-kilometer Nagdhunga-Muglin road expansion remains incomplete after five years of work. Citing fuel inflation, bitumen shortages, and slow utility pole relocation, officials are preparing yet another round of deadline extensions as public frustration mounts.
2 months ago
Daily Forex Update: Nepal Rastra Bank Fixes Today's Currency Exchange Rates
Nepal Rastra Bank has published today's official exchange rates, setting the US Dollar at Rs. 151.19 (buying) / Rs. 151.79 (selling) and Euro at Rs. 173.14 (buying) / Rs. 173.83 (selling).
2 months ago
Acting CEO Mukesh Kumar Kapoor Resigns from Himalayan Reinsurance
Himalayan Reinsurance Limited's Deputy and Acting CEO, Mukesh Kumar Kapoor, has stepped down from his position, submitting his formal resignation on Ashadh 8, 2083.
2 months ago
Leadership Shift: Chhimek Laghubitta Appoints Rishiraj Joshi as New Board Chairperson
Chhimek Laghubitta Bittiya Sanstha Limited has announced the unanimous election of director Rishiraj Joshi as its new board chairperson during the company's 339th board meeting.
2 months ago
NEPSE Slides Deep: Benchmark Index Drops 26 Points as Turnover Touches Rs. 4.36 Arba
The Nepal Stock Exchange (NEPSE) faced a double-digit correction today, shedding 26.16 points to settle at 2,674.48. While hydropower gainers hit positive circuits, the overall market sentiment remained bearish with a turnover of Rs. 4.36 Arba.
2 months ago