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Lower Solu Hydropower Connects to National Grid: A Major Milestone in Private Energy Investment
The 82 MW Lower Solu Hydropower Project has officially connected to Nepal’s national grid via the Solu Corridor 132kV transmission line. Backed by European financing, the project marks a major success for private sector investment in Nepal’s power sector.
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Shine Resunga Bank Successfully Allots NPR 1 Billion Debenture Amid 5.95x Oversubscription
Shine Resunga Development Bank has completed allotment of its 10-year, 8% debenture worth NPR 1 billion, receiving over 5.95 times subscription.
People's Power Extends Right Share Application Deadline Till Shrawan 26
People's Power Ltd. has extended the deadline to apply for its 50% right share issue till Shrawan 26, 2082.
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Green Development Bank’s Net Profit Jumps Nearly 80%, Distributable Profit Doubles
Green Development Bank posted a 79.53% surge in net profit and a 94.70% rise in distributable earnings in FY 2080/81, driven by higher interest income and lower impairment charges.
Minister Bhandari: “Nepal’s Capital Market Turning Green Is a Positive Sign”
Speaking at a Chamber of Commerce event, Industry Minister Damodar Bhandari expressed optimism over Nepal’s rising stock market, citing it as a hopeful sign of economic progress and private sector confidence.
Government to Issue NPR 10 Billion Development Bond Today; Internal Debt Collection Schedule Released
The Government of Nepal is set to auction NPR 10 billion worth of development bonds today, July 22 (Shrawan 7). It has also published the internal debt collection schedule for FY 2082/83, targeting a total borrowing of NPR 362 billion.
Chyangdi Hydropower to Auction 298,832 Unclaimed Rights Shares
Chyangdi Hydropower is set to auction 298,832 unsubscribed rights shares at a minimum price of NPR 100 per share.
Notorious Stock Trader Dipendra Agrawal Arrested for Multi-Crore Fraud in Nepal
Nepal Police arrested infamous stock trader Dipendra Agrawal on fraud charges involving over NPR 220 million. He is accused of market manipulation, fake promises of stock delivery, and operating multiple TMS accounts.
NEA Allocates Additional Funds for EV Charging Infrastructure at 7 Stations
Nepal Electricity Authority has allocated over NPR 1 crore in additional funds to upgrade EV charging infrastructure at seven distribution centers across Nepal.
Gold Prices Surge; Silver Hits All-Time High in Nepal Market
Gold price in Nepal jumped by NPR 1,800 per tola on Tuesday, while silver reached an all-time high of NPR 2,320 per tola, breaking its previous record.
Congress Won’t Compromise on Cooling-Off Period in Civil Service Bill: Dr. Mahat
Nepali Congress spokesperson Dr. Prakash Sharan Mahat said the party will not compromise on the two-year cooling-off clause passed unanimously by a parliamentary committee.
Nepal Insurance Opens 34.78% Rights Issue From Today
Nepal Insurance opens applications for a 34.78% rights issue from July 22, offering over 6.5 million shares at NPR 100 par value.
Nabil Bank Opens NPR 3 Billion Debenture Offering at 7% Annual Yield
Nabil Bank has opened its NPR 3 billion debenture issue offering 7% annual return over 8 years, with 40% allocated to the public.
UML’s Contradictory Role on “Cooling-Off” Period Sparks Tensions in National Assembly
UML faces political isolation in the National Assembly after tabling amendments to remove the “cooling-off” period for civil servants, despite its minister defending it.
Six Years On, Hydropower Equity for the Poor Still Unfulfilled Amid Policy Delays
Despite repeated pledges, Nepal’s government has failed to implement concessional loans for poor citizens to invest in hydropower projects under the People's Hydropower Program.
Gold Prices Edge Up by NPR 400, Silver Holds Steady in Nepal Market
Gold rose by NPR 400 per tola on Monday to NPR 193,700, while silver remained unchanged at NPR 2,285.
NRB Bars Payment Companies from Issuing Dividends Without Meeting Reserve Requirements
NRB’s new directive mandates that licensed payment companies must first fund risk, reserve, and infrastructure development pools before distributing dividends.
Rapti Hydro to Auction Unclaimed Rights Shares via Sealed Bids
Rapti Hydro will auction over 700,000 unclaimed rights shares through sealed bids from July 28 to August 4.
NEPSE Ends Slightly Higher Amid Late-Session Correction; Turnover Exceeds NPR 21 Billion
Despite a strong start, NEPSE closed marginally higher on Sunday as late-session correction trimmed gains. Turnover surged past NPR 21 billion.
Beekeeping Brings Over NPR 2.5 Million Annual Income to Farmer in Kailali
Hari Ram Bharti, a commercial beekeeper from Kailali, earns over NPR 2.5 million annually from honey production and hive sales. His model is now a regional benchmark in Sudurpashchim.
Today Is the Last Day to Secure Dividends from Prabhu Insurance (PRIN)
Prabhu Insurance shareholders must buy shares by July 17 to be eligible for AGM participation and proposed 18% bonus shares and 0.9474% cash dividend.
9 Chinese Warplanes Breach Taiwan’s Airspace; Japan Voices Security Concern
Nine Chinese military aircraft violated Taiwan’s airspace on Sunday, prompting a defensive military response. Japan raised concerns over regional stability.
Shine Resunga Bank Launches NPR 1 Billion Bond Issuance at 8% Annual Interest
Shine Resunga Development Bank begins public issuance of its 10-year debenture with a fixed 8% annual coupon, raising NPR 1 billion through 1 million units.
Nepal Slashes Petrol and Diesel Prices Effective Midnight
Nepal Oil Corporation reduces petrol price by NPR 5 per liter and diesel by NPR 1.30, effective from midnight.
Bikash Hydropower Announces IPO Refunds for Unallotted Shares
Bikash Hydropower has completed IPO allotment and will refund unallocated share payments starting August 1 through Prabhu Capital.
Nabil Bank to Issue Rs 3 Billion Debenture from July 21
Nabil Bank is set to open the sale of its 7% fixed-rate debenture worth Rs 3 billion from July 21, with maturity in 2089 BS.