IMF reclassifies India’s exchange rate regime to ‘stabilized arrangement’

The IMF reclassified India’s exchange rate regime to “stabilized arrangement” from “floating” due to likely interventions by the Reserve Bank of India, noted in an Article IV review. The IMF disagreed with India’s perspective, emphasizing the need for a...


Hetauda Water Supply Charges can be paid through, NMB Bank’s Mobile Banking App

Kathmandu : NMB Bank has made an agreement with the Hetauda Water Management Board and now the customers of NMB Bank can pay the Hetaunda water supply fee online without any hassle using the mobile banking app. Mina Kumari...


Sarbottam Cement that was taking out the IPO in Book Building, has not paid 830 million of Electricity bill

Kathmandu : The electricity supply was cut off after Sarbottam cement, which was about to issue an IPO in Book Building, did not pay Rs.830 million to Nepal Electricity Authority. This company has been accused of providing bribe to...


Bonus share price adjustment of Solti Hotel

Kathmandu: One more company’s share price has been adjusted in Nepal Stock Exchange (NEPSE). On Thursday, 14th of December, NEPSE adjusted the Bonus share price of Solti Hotel. NEPSE has set the share price of the hotel at Rs.482.86...


Half of 24 billion foreign investment commitments by November, what is the most?

Kathmandu : By November of this financial year, an investment commitment of half of 24 billion rupees has been made under foreign direct investment FDI. According to the statistics provided by the Department of Industry, from July to November...


Official launch of Nabil stock dealer, commitment to provide quality and transparent service in the capital market

Kathmandu : Nabil Stock Dealer Limited has officially started its service from Friday. At the opening ceremony of the dealer in a program in Kathmandu today, Chairman of Nepal Securities Board Ramesh Kumar Hamal officially inaugurated the dealer by...


Almost a million households face 15pc council tax rise as two local authorities warn of bankruptcy

Labor-run councils of Bradford and Cheshire East say they may have to issue section 114 notices Nearly a million households face council tax rises of up to 15 per cent after two more local authorities announced they were at...


The last second of the term honoree goes to work: Chairman Hamal

Kathmandu : Chairman of Nepal Securities Board Ramesh Hamal has said that since he has brought a clear blueprint for the reform of the market he will continue to do things that will benefit the market even to the...


Chilime Hydro-Power Company Announced General Meeting with a Dividend Proposal

Kathmandu : Chilime Hydropower Company Limited has called for the 27th Annual General Meeting. The 423rd meeting of the board of directors of the company held on 8th of December has called the  general meeting on Friday, 5th of...


Nirmal Kaji Shrestha, General Manager of MetLife Nepal appointed as the Chairman of AMCHAM Nepal

Kathmandu: The American Chamber of Commerce in Nepal (AMCHAM Nepal) has appointed MetLife Nepal General Manager Nirmal Kazi Shrestha as its new president for the next term. This appointment reflects his extensive experience and leadership in the insurance sector...