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Shikar Insurance Company Limited: No Dividend for FY 2077/78

Shikar Insurance Company Limited (SICL) is not distributing the dividend for FY 2077/78. According to the 272nd board of directors meeting held on Jestha 17, 2079 has clarified that the company has enough reserve until FY 2077/2078 to meet the requirements on increasing their capital to Rs. 2.50 Arba as mandated ...

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Finance Minister Sharma to present budget today

May 29: The government is scheduled to present the budget for the coming fiscal year in a joint sitting of both the houses of the federal parliament on Sunday at 4 PM. In the second meeting of the House of Representatives held on Saturday, Speaker Agni Prasad Sapkota announced the ...

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Global IME Bank earns Rs 3.72 arba till third quarter; Highest in the banking industry

Global IME Bank Limited (GBIME) has published its third-quarter report for the FY 2078/2079 with a rise in net profit by 4.13%. The bank’s profit has increased from Rs 3.57 Arba in the third quarter of the fiscal year 2077/2078 to Rs 3.72 Arba in the third quarter of the fiscal year ...

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Why Did The Bottom Line Decline For ICFC Finance Limited In Q3 Despite Growth In Core Business Revenue?

ICFC Finance Limited (ICFC) reported a Net Profit of Rs. 12.39 crores in Q2 of FY 2078/2079. This is a decline of 30.32% compared to the corresponding quarter of the previous year. The decline in Net Profit is due to the variation in other operating income in this quarter. It reported ...

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Net Profit of NIC Asia Bank Up 19.96% in Q3 This Fiscal Year

NIC Asia Bank (NICA) has published its third-quarter report for the FY 2078/2079 with an increment in Net Profit by 19.96%. The bank’s net profit has increased from Rs. 3 Arba in the third quarter of FY 2077/2078 to Rs. 3.6 Arba in the third quarter of FY 2078/2079. In the same ...

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Insurance Companies to Raise Paid-Up Capital

Beema Samiti has decided to raise the paid-up capital of insurance companies. The meeting of the board of directors of Beema Samiti held today has decided to raise the paid-up capital of life insurance companies to Rs. 5 Arba and that of non-life insurance companies to Rs. 2.5 Arba. Beema ...

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10: 7 Rights Proposal of Nepal Finance Limited (NFS) Approved by SEBON

Nepal Finance Limited (NFS) has received the regulatory board SEBON’s approval to issue the right shares. The company will now issue 70% right shares out of its paid-up value of Rs 49.34 crores. This equates to 34,54,474.2750 shares. The issue will scale up the company’s paid-up value to Rs 83.89 crore. ...

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Api Power Company (API) Opening Rights Issue from Chaitra 25

API Power Company Limited has published an offer letter to issue its rights offering to shareholders. The issue will open on 25th Chaitra and close on 15th Baisakh, 2079. In the rights offering of 1: 0.393632 ratio, a total of 1,08,60,000 units of right shares will be issued to eligible shareholders. ...

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Banks Keep Interest Rates Unchanged for Chaitra, Finance Companies Raise Theirs

Commercial Banks and Development Banks have kept interest rates unchanged for the month of Chaitra while Finance Companies have increased their rates. Commercial Banks had raised their interest rates for the month of Falgun after keeping their interest rate profile unchanged in Magh. Most commercial banks provided a 6.03% interest ...

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IPO Shares Listed: Rastra Utthan Laghubitta (RULB) to Trade in This Opening Range

26,00,000 units IPO shares of Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) have been listed in NEPSE. The IPO allotment of Rastra Utthan Laghubitta Bittiya Sanstha Limited concluded recently. The company had issued 8,50,000 units worth Rs 8.50 crore as Initial Public Offering to the general public from (Falgun 4-8, 2078). Out ...

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