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Shangrila Development Bank Posts 46.69% Profit Growth, Dividend Capacity Exceeds 13%
Shangrila Development Bank reported a net profit of Rs. 889.9 million in FY 2082/83, up 46.69% year-on-year.
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First Microfinance Posts 73.64% Profit Growth as NPL Falls to 2.88%
First Microfinance Laghubitta reported a 73.64% rise in net profit to Rs. 190.7 million in FY 2082/83.
Foreign Ministry Joint Secretary Pushparaj Bhattarai Arrested Over Fake Travel Document Case
The Central Investigation Bureau (CIB) has arrested Foreign Ministry Joint Secretary Pushparaj Bhattarai on allegations of illegally issuing travel documents to Tibetan refugees using forged documents.
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NEPSE Slips Marginally Despite Higher Turnover on First Trading Day of the Week
The NEPSE index edged down by 1.20 points to 2,684.33 on Monday, while daily turnover climbed to Rs. 4.57 billion.
Ridi Power Suspends Iwa Khola Hydropower Generation After Flood Damage
Ridi Power has halted electricity generation from its 9.9 MW Iwa Khola Hydropower Project after floods and landslides damaged critical pipeline and civil infrastructure.
Jeevan Bikas Laghubitta Appoints Prabhu Capital as Share Registrar
Jeevan Bikas Laghubitta has appointed Prabhu Capital Limited as its share registrar.
IPPAN Urges Hydropower Companies to Issue Local Shares at Face Value of NPR 100
IPPAN has called on hydropower companies to issue the 10% share allocation reserved for project-affected local residents at the face value of NPR 100, arguing that premium pricing would limit local participation.
Fuel Prices Increased in Nepal; Petrol, Diesel and Aviation Fuel Become Costlier
Nepal Oil Corporation has increased the prices of petrol, diesel, kerosene, and aviation fuel effective from Monday midnight, while keeping LPG prices unchanged.
US Makes Visa Bond Rule Permanent, Nepali Applicants May Need to Deposit Up to NPR 3 Million
The United States has permanently introduced its Visa Bond program for citizens of 50 countries, including Nepal.
Heavy Rainfall Likely in Several Parts of Nepal Today, Weather Office Urges Caution
Monsoon activity remains active across Nepal, with heavy to very heavy rainfall likely in parts of Koshi, Bagmati, and Gandaki provinces, according to the Department of Hydrology and Meteorology.
4.4 Magnitude Earthquake Hits Rolpa, Epicenter Located in Iribang
A 4.4 magnitude earthquake struck Rolpa early Monday morning with its epicenter in Iribang.
Machhapuchchhre Bank Partners with Employees Provident Fund to Offer Premium Salary Banking Services
Machhapuchchhre Bank has partnered with Nepal's Employees Provident Fund to provide premium salary accounts and modern banking services.