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Business

Govt collects Rs 13 bln in revenue from BFIs

Following the government's direction to the authority concerned to collect revenues gained from bargain purchase gains through premium of FPO (follow-on public offer), mergers and acquisitions and sale of auction shares, over Rs 12.8 billion in …

NOC slashes prices of petro products

The Nepal Oil Corporation (NOC) has slashed the prices of petroleum products, effective from Saturday morning. A meeting of the NOC Board of Directors on Friday fixed the prices of petrol at Rs 164.50 per liter for Charali, Biratnagar, Janakpur, …

NRB to collect deposit equivalent to Rs 10 blm

Nepal Rastra Bank (NRB) is collecting deposit equivalent to Rs 10 billion from this December 17. The Central Bank will collect this amount using the deposit collection instrument, it is stated. It will collect the deposit from December 17 till De…

Standard Chartered Bank lowers interest rate

Standard Chartered Bank (SCB) Nepal has set a new interest rate effective from December 17. According to the new interest rate, depositors will get minimum 3.6 to maximum 4.65 percent for saving account. Similarly, the interest rate has b…

Foreign exchange reserves stand at Rs.1696.78 bln

The foreign exchange reserves have crossed Rs.1696 billion mark after a gap of four months of the fiscal year 2023/24, the Nepal Rastra Bank has said. According to the Current Macroeconomic and Financial Situation of Nepal published by the N…

Nepal receives Rs 477.96 bln remittance in 4 months

The Nepal government has received Rs 477.96 billion in remittance in four months of the current fiscal year, 2023/24. According to the Current Macroeconomic and Financial Situation of Nepal published by the Nepal Rastra Bank (NRB), the remittance…

Economic crisis leads to closure of 177 industries in Parsa

Economic crisis has had its impact on Parsa's economy as it forced the closure of 177 industries last fiscal 2079-80 BS (2022/23), according to the Cottage and Small Industry Office, Parsa. The figure is an increase as compared to 152 industries…

Himalayan Reinsurance issues IPO for general public

Himalayan Reinsurance Limited has issued initial public offerings (IPO) for the general public from today. According to the company, a total of 24,900,000 units of shares worth Rs 206 per share (including Rs 106 premium over Rs 100 par value) hav…

FinMin Mahat replaces Baral with Paudel as NEPSE chair

Finance Minister Dr Prakash Sharan Mahat has changed the chairman of the board of directors of Nepal Stock Exchange (NEPSE). Minister Mahat replaced Bhupal Baral, the chairman of the board of directors of the bench mark index, with Shobhakanta Pa…

Himalaya Airlines to conduct flight to Lhasa from Dec 28

Himalayan Airlines is set to conduct flights to Lhasa, an autonomous region of China, every Monday.   According to the airlines company, it will conduct flights to Lhasa from coming December 28. However, the first flight will be conduct…
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