Category: Finance

Kathmandu: Investors have been attracted to the IPO of Nepal Infrastructure Development Bank, which has started selling IPOs to the public since last Friday. Within three days of the eviction, more than Rs 14 billion worth of IPO applications have been demanded. So far, an IPO demand of Rs 14.19 billion has been received. The… Continue reading NIFRA receives IPO application worth Rs 14 billion in three days

Kathmandu: The claim payment to Corona insurers has exceeded Rs 5 billion. According to the Insurance Committee, a total of 51,717 claims have been verified. The total amount to be paid to those applicants is more than Rs 5 billion. Out of which, Rs 2.46 billion has been paid to 25,313 people so far. Another… Continue reading Corona insured amount to exceed Rs 5 billion, only half paid so far

Kathmandu: The stock market has crossed 2300 points. On Sunday, the NEPSE index rose by 28.46 points to 2315 points. This is the highest point ever. Shares of all groups except hydropower rose on Sunday. Shares of trade group rose by 232 points, development bank group by 110 points, manufacturing group by 49 points, micro… Continue reading Nepse crossed 2300 points, an increase of 28 points on Sunday

SILVER SPRING, Md. (AP): U.S. industrial production rose 1.6 percent in December, a third straight monthly gain, but remains below its pre-pandemic level. The December gain in industrial output followed a 0.5 percent increase in November and a one percent increase in October, the Federal Reserve reported Friday. Even with those gains, industrial output is… Continue reading US industrial production jumps 1.6 pc in December

Kathmandu: In the six-month period from July to December, the government has spent only 14.4 percent on capital. The target for capital expenditure in the current Fiscal Year is Rs. 352.91 billion. However, capital expenditure alone stood at Rs. 50.81 billion by mid-December(Wednesday). This is Rs 13 billion less than the same period last year.… Continue reading Only 14.4 percent development expenditure in six months

Kathmandu: Stakeholders related to agriculture sector have said that the government’s decision to attract foreign direct investment in Nepal’s agricultural sector is wrong. The Dairy Industry Association, Nepal Dairy Association among other orgnizations held a joint press conference in Kathmandu on Tuesday and said that the government’s decision to bring foreign investment in agriculture sector… Continue reading Stakeholders ask to withdraw FDI in agro sector

Kathmandu: A grant of Rs 3.45 billion has been allocated for the Prime Minister’s Employment Program this year. According to the decision of the Council of Ministers of the Government of Nepal on January 15, conditional grant of Rs. 3.44 billion has been provided to 688 municipalities across the country for the fiscal year 2020/2021,… Continue reading PM Employment Program: Nearly Rs. 3.45 billion grant to 688 municipalities

NEW YORK (Reuters): The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record. After closing at a… Continue reading U.S. stocks in 2020: A year for the history books, in charts

Kathmandu: Nepal Oil Corporation (NOC) has saved Rs 1.5 billion from the Motihari-Amalekhgunj Petroleum Pipeline, which has been in operation since last year. According to the annual financial report of the last fiscal year 2019/2020 made public by the corporation, Rs. 1.47 billion has been saved for transportation in the 10 months from August 2019… Continue reading One and a half billion savings from Motihari-Amalekhgunj Petroleum Pipeline

Kathmandu: Nepal’s aviation industry has lost more than Rs 17 billion in revenue due to the covid-19 pandemic. According to the data made public by the Civil Aviation Authority of Nepal (CAAN), the biggest impact of the Covid 19 has been on the national flag carrier Nepal Airlines. The Nepal Airlines Corporation has lost about… Continue reading Aviation industry lost Rs 17 bn due to covid-19 pandemic