Nepal Electricity Authority will issue IPO

The authority is going to restructure the financial structure of the organization and sell the shares of the organization to the general public in accordance with the Nepal Electricity Authority Act, 2041. The Ministry of Finance has already given...


Annual General Meeting of Shivam Cements held, 15% dividend resolution passed

Kathmandu : The eighth annual general meeting of Shivam Cements Limited has been completed. A proposal to distribute dividends to the shareholders at the rate of 15 percent from the accumulated profits up to 2023,023 has also been passed....


Melamchi drinking water will reach Kathmandu in the next four days

Kathmandu : The water from the Melamchi project. which has been damaged due to floods and landslides, will reach Kathmandu in the next four days. After repairing the blocked area, the water of Melamchi will flow again in Kathmandu...


Om Devi Malla has elected unopposed the President of the National Cooperative Federation

Kathmandu : Om Devi Malla has been elected an unopposed as the President of the National Cooperative Federation. Chairman Malla is a member of the Constituent Assembly, a board member of the International Cooperative Federation (ICA), She is an...


The Bank of Lumbini Development Bank General meeting hasbeen completed, dividend resolution passed

Lumbini Development Banks 8.50 percent dividend has been passed. The 16th annual general meeting of the bank has passed a resolution to distribute a total dividend of 8.50 percent with 4.50 percent cash dividend and 4 percent bonus share....


National Life made a claim payment of 1 Million Rupees

Kathmandu: National Life Insurance has paid the death claim of an insured. Jawalakhel branch of the company paid the claim of 1 million 42 thousand Rupees on 9th of January 2024 A.D.to the insured wife. According to the company,...


New bonus rate of IME Life Insurance announced, Maximum bonus up to 80 rupees

Kathmandu. IME Life Insurance Company has published a new bonus rate based on last year’s financial statements. According to the bonus rate approved by the regulator Nepal Insurance Authority, the insured of IME Life will get a maximum bonus...


Govt plans to sell ‘enemy property’ shares in 84 cos; scrips of 20 firms put on block in 1st tranche

The Indian government plans to sell over 2.91 lakh ‘enemy property’ shares in 84 companies to individuals and corporates in tranches as part of its initiative to dispose of assets of individuals who migrated to Pakistan and China. The...


“Nepal Life occupies a quarter of the insurance market”- CEO Parajuli

Kathmandu: Pravin Raman Parajuli, CEO of Nepal Life Insurance, has said that Nepal Life occupies more than a quarter of the insurance market. He said this at the ‘MDRT honor program’. He said that Nepal Life occupies more than...


Mankamana Smart and Samata Gharelu Laghubittia Bittiya Sansthan are about to go in merger

Kathmandu : Mankamana Smart Microfinance and Samata Gharelu Laghubittia Bittiya Sansthan  (Domestic Microfinance) are going to merge. The central office of Mankamana Smart is located in Siddharth Nagar Municipality 5 of Rupandehi whereas the central office of Samata Laghubittia...