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Dhaulagiri Laghubitta Appoints Issue Manager for IPO of 3 Lakh Shares, How is the Company Doing Financially?

Dhaulagiri Laghubitta Bittiya Sanstha Limited has appointed Sunrise Capital as issue manager to issue an IPO for 3,00,000 shares. The microfinance company’s CEO Min Bdr. Bohara signed an agreement with Sunrise Capital’s CEO Bijaya Lal Shrestha on Magh 12 at the issue manager’s office in Kamalpokhari, Kathmandu. Dhaulagiri Laghubitta is a ...

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NEPSE Continues Downwards Spiral, All Sector Indices Close Red

The NEPSE index closed at 2,776.61 today after losing 38.45 points from yesterday’s closing. This is a loss of 1.37% on the index. The index had shed a minimal 5.59 points yesterday. The index opened at 2,817.17 and made the intraday high at 2,819.01. While it went as low as ...

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How Did Commercial Bank Perform During Q2? A Detailed Analysis Of Major Fundamental Indicators

Despite many speculations in the market as to how the bank’s profitability will play out in the quarters to come because of the low-interest-rate environment and bad loans that might occur, banks have reported improved profitability indicators yet in this quarter. In this article, we will be focusing mainly on ...

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Last Day to Grab 27% Dividend of Asian Life Insurance (ALICL)

Asian Life Insurance Company Limited (ALICL) has called its 13th AGM on 21st Magh, 2078. The meeting will be held virtually. Among other agendas, the AGM will endorse a 27% dividend for the fiscal year 2076/77. The meeting of the board of directors held on Kartik 30 decided to distribute the ...

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Chhyangdi Hydropower (CHL) Issuing 10: 3 Rights Offering From Today

Chhyangdi Hydropower Limited (CHL) is issuing its 10:3 ratio rights offering from today, i.e. 11th Magh. The issue will conclude on 2nd Falgun, 2078. A total of 8,93,025 shares are being issued to eligible shareholders at a par value of Rs. 100 per unit, which will raise a total capital of Rs. ...

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NMB Bank Limited Reports Slight Decline In Core Business Revenue In Q2

NMB Bank Limited (NMB) has published its second-quarter report for the FY 2078/2079 with an increment in Net Profit by 6.04%. The bank’s net profit has increased from Rs. 1.61 Arba in the second quarter of FY 2077/2078 to Rs. 1.71 Arba in the second quarter of FY 2078/2079. The bank ...

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Despite Growth In Core Business Revenue For ICFC What Led To Decline In Net Profit In Q2?

ICFC Finance Limited (ICFC) reported a Net Profit of Rs. 9.65 crores in Q2 of FY 2078/2079. This is a decline of 24.41% compared to the corresponding quarter of the previous year. It reported a net interest income (core business revenue) of Rs. 20.90 crores in Q2. This is an increment of 32.66% ...

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Surnrise Bank Limited Reports Impressive Growth In Business Volume In Q2; Profitability Remained Unsatisfactory

Sunrise Bank Limited (SRBL) has published its second-quarter report for the FY 2078/2079 with a decline in Net Profit by 21.47%. The bank’s net profit has declined from Rs. 94.94 crores in the second quarter of FY 2077/2078 to Rs. 74.55 crores in the second quarter of FY 2078/2079. The bank ...

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Nepal’s forex reserve depletes further, NRB has reserves sufficient to finance imports for only 6.8 months

Nepal now has foreign currency reserves sufficient to import goods and services for 6.8 months, down from the adequacy for 7.2 month in mid-November, due to massive drain out of the foreign currencies from the country. The five month report on Current Macroeconomic and Financial Situation unveiled by Nepal Rastra ...

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Nabil Bank inks deal to acquire Nepal Bangladesh Bank despite court’s stay order

Nabil Bank has signed an agreement for acquisition of Nepal Bangladesh Bank. In an agreement signing ceremony held on Thursday, the merger committee’s coordinator from Nabil Bank’s side, Udaya Krishna Upadhyay and the coordinator from Nepal Bangladesh Bank’s side, Indra Bahadur Thapa inked the agreement for acquisition. Following the acquisition, ...

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