General News
Global IME Bank Offers Discounted Vehicle Loans at Naima Auto Expo
Global IME Bank Limited has announced a special discount scheme on personal vehicle loans in association with the Naima Auto Expo 2026. Under the scheme, customers purchasing new vehicles at the expo can avail loans at the bank's base rate plus a minimum premium of 0.5 percent, bringing the minimum interest rate to 5.25 percent at the current base rate. The rate will adjust automatically with future changes to the bank's base rate. For customers purchasing new EVs at the expo, the bank is offering a fixed interest rate of 5.99 percent for three years, after which the rate will shift to the base rate plus a maximum 2 percent premium. Global IME Bank has set up a stall at the expo where interested customers can apply for loans directly and begin the process. The bank said it will issue approval letters within a maximum of three days once customers complete the required documentation.
Citizen Investment Trust Members to Get Health Care Discounts at Manakamana Hospital
Participants, shareholders, and employees of the Citizen Investment Trust (CIT) will now receive special discounts on medical services at Manakamana Hospital Pvt. Ltd. in Bharatpur, Chitwan. An agreement for the medical discount was signed between Hemanta Pokharel, Director of the Citizen Investment Trust, and Umakant Baral, Marketing Head of Manakamana Hospital. Under the agreement, eligible individuals will receive a 20% discount on general health services at the hospital. In addition, patients will receive a 10% discount on CT scans and surgical operations, as well as a 5% discount on medicine purchases. To receive these discounts, CIT participants, shareholders, and staff must present a valid identity card, proof of enrollment with the trust, or an equivalent identification document at the hospital.
NIMB-Smart Telecom Case Raises Questions Over Police and NRB’s Banking Jurisdiction
The arrest of Nepal Investment Mega Bank (NIMB) Chief Executive Officer Jyoti Prakash Pandey in connection with the Smart Telecom asset auction has intensified debate over the respective roles of Nepal Rastra Bank (NRB) and Nepal Police in Nepal’s banking sector. At the heart of the dispute is whether a banking transaction involving loan recovery and collateral should primarily be assessed by the country’s banking regulator or investigated by a law-enforcement agency. Under Nepal’s legal framework, Nepal Rastra Bank is the statutory regulator and supervisor of banks and financial institutions, while the police are responsible for investigating suspected criminal offences. The distinction has become particularly important in the NIMB case because the transaction involved the recovery of a defaulted loan through pledged assets. The Nepal Rastra Bank Act, 2058 gives the central bank broad authority over banks and financial institutions. Section 79 of the Act states that NRB has full powers to regulate the functions and activities of commercial banks and financial institutions. The provision also authorizes NRB to issue rules, directives, orders and circulars to licensed institutions. NRB has powers to inspect and supervise banks, examine their books, records and transactions, and take regulatory action when institutions fail to comply with banking laws or central-bank directives. This means that matters such as compliance with lending standards, loan classification, provisioning, risk management and other banking requirements fall primarily within NRB’s regulatory and supervisory jurisdiction. For instance, if a bank is found to have violated an NRB directive while issuing or recovering a loan, the central bank can examine the transaction and take regulatory measures under the prevailing legal framework. NRB’s regulatory authority, however, does not place banks outside the reach of criminal law. Police agencies, including the Central Investigation Bureau (CIB), can investigate allegations of fraud, forgery, criminal breach of trust, collusion or other offences where there is a reasonable basis to suspect criminal conduct. The distinction is therefore between regulatory non-compliance and criminal wrongdoing. A violation of banking procedure does not automatically establish a criminal offence, while evidence of deliberate fraud or collusion can take a matter beyond ordinary banking regulation. The NIMB case has brought this distinction into sharp focus. Smart Telecom had defaulted on loans obtained against its telecom towers and equipment. NIMB subsequently proceeded with the auction of the pledged assets, which were sold to the telecommunication giant Ncell for approximately Rs. 4.60 Arba. NIMB has maintained that the transaction was carried out as part of its lawful loan-recovery process under the Bank and Financial Institutions Act (BAFIA) and the Secured Transactions Act. According to the bank, around Rs. 4.22 Arba from the sale proceeds was used to repay consortium loans, while the remaining amount was retained to settle other liabilities of Smart Telecom. The CIB, however, has questioned the transaction, including the legal status of Smart Telecom’s assets following cancellation of its telecommunications licence and the circumstances surrounding the auction. The investigation led to the arrest of NIMB CEO Jyoti Prakash Pandey. The Supreme Court subsequently ordered his release after finding insufficient grounds to keep him in custody at that stage, although the underlying investigation could continue. The legality of collateral recovery is also central to the dispute. Section 57 of BAFIA provides banks and financial institutions with the authority to recover outstanding principal, interest and other applicable amounts by selling pledged collateral when a borrower fails to repay a loan according to the agreed terms. Consequently, the mere fact that NIMB sold Smart Telecom’s pledged assets does not, by itself, establish a criminal offence. The relevant issue is whether the assets were legally pledged, whether the security interest was properly established, whether the borrower had defaulted, whether the bank followed the required recovery and auction procedures, and whether any fraud or collusion occurred. The Secured Transactions Act, 2063 also establishes rights for secured creditors over pledged movable assets and provides mechanisms for enforcing those rights when borrowers fail to meet their obligations. The NIMB case demonstrates why banking regulation and criminal investigation need to remain institutionally distinct. If the issue is whether NIMB complied with NRB’s lending, risk-management or loan-recovery requirements, the matter falls within the central bank’s specialized regulatory framework. If evidence shows that bank officials manipulated the auction, falsified documents, colluded with a buyer or obtained personal benefits from the transaction, the matter can legitimately become a criminal investigation. For example, a bank’s decision to auction collateral after a borrower defaults is a recognized banking activity. But secretly fixing the auction price with a buyer for personal gain would be a separate criminal matter. The same transaction can therefore have both regulatory and criminal dimensions, but the institutions involved have different responsibilities. The debate is significant because banks operate primarily with public deposits and are expected to recover loans when borrowers default. Bankers and financial-sector observers have expressed concern that treating legitimate loan-recovery decisions as criminal conduct could discourage bank officials from taking necessary steps to recover bad loans. At the same time, banks cannot be shielded from criminal investigation where credible evidence of wrongdoing exists. The appropriate approach is therefore not to prevent police investigations but to ensure that criminal investigations do not substitute for the statutory regulatory role of NRB. The Supreme Court’s decision to release Pandey has further complicated the case. The order does not determine the final legality of the Smart Telecom asset auction, but it establishes that continued detention required sufficient legal grounds. The case has subsequently drawn wider attention to the treatment of bank executives and directors in criminal investigations involving ordinary banking transactions. Following Pandey’s release, the CIB also moved against NIMB Chairman Prithvi Bahadur Pandey and other members of the bank’s board in connection with the same Smart Telecom asset-auction case. Arrest warrants were reportedly issued against the chairman and board members, but the Supreme Court intervened and barred their immediate arrest through an interim order. The court’s intervention came after challenges to the arrest warrants, keeping the bank’s leadership out of custody while the underlying investigation continues. The development has further intensified debate over whether decisions taken collectively by a bank’s board in the course of loan recovery should be treated as criminal conduct without first establishing a violation of banking laws or evidence of a specific offence. For the banking sector, the concern is that uncertainty over the legal consequences of loan recovery could affect decision-making, particularly in cases involving large defaulted loans and complex collateral. The NIMB-Smart Telecom case has therefore evolved beyond a dispute over the sale of assets worth Rs. 4.60 Arba. It has become a test of the institutional boundaries between banking regulation and criminal law enforcement. Nepal’s legal framework gives Nepal Rastra Bank the primary responsibility for regulating and supervising banks and financial institutions, while the police have the authority to investigate credible allegations of criminal conduct. Section 79 of the Nepal Rastra Bank Act establishes NRB’s regulatory powers, while Section 57 of BAFIA provides banks with a legal mechanism to recover defaulted loans through collateral. The distinction is important: a bank’s lawful exercise of its loan-recovery rights should not automatically be treated as a criminal offence, but genuine evidence of fraud, collusion or other criminal conduct must be investigated. The NIMB case now presents an important test for Nepal’s financial system. Clear coordination between NRB, law-enforcement agencies and the courts is necessary to ensure that banks remain accountable while also allowing them to perform legitimate loan-recovery functions. Maintaining that balance will be crucial for protecting depositors, strengthening financial-sector confidence and ensuring that Nepal’s banking system operates within a predictable rule of law.
Kumari Bank Donates Rs. 10 Lakhs to Shahid Gangalal Hospital for Newborn ICU services
Kumari Bank Limited has provided Rs. 10 lakhs in financial support to Shahid Gangalal National Heart Centre under it's CSR Programme, aimed at stengthening intensive care services for newborns and children. The support will be used for essential health services and equipment for the treatment of infants and children suffering from heart ailments. Operated under the Government of Nepal, Shahid Gangalal National Heart Centre is one of the country's leading specialized cardiac treatment centers, providing expert care to economically disadvantaged, marginalized and at-risk newborns and children arriving from remote and underserved regions across the country. The bank's contribution comes amid a growing patient load and increasing need for intensive care services at the centre.
Upper Solu Hydroelectric Company Limited (USHEC): A Five-Year Financial Performance Review (Q4 2078/79–Q4 2082/83)
About Company Background: Upper Solu Hydro Electric Company Limited was incorporated under the Companies Act, 2063 on 12 November 2012 (2069/07/26 B.S.) at the Office of the Company Registrar, Government of Nepal, as a private limited company. It was subsequently converted into a public limited company on 16 July 2015 (2073/04/02 B.S.). The registered (central) office of the company is located at Hattisar, Kathmandu Metropolitan City -1, Kathmandu District. As per the prevailing Companies Act, 2063, the registered office may be relocated to another location, if required. The project site for the company’s electricity generation business is in Solukhumbu District, at Ward Nos. 6, 7 and 11 of Solududhkunda Municipality, at locations including Saleri, Garmi, Chhulsamu, Salme and Titla. Total Project Cost: Rs. 5,00,00,00,000/- (Rs. 500 crore), including Interest During Construction (IDC). Cost per Megawatt: The cost per megawatt of the project is Rs. 21,27,65,157.44. Remaining Period of Electricity Generation License: The electricity generation license is valid from 2070/12/04 B.S. to 2105/12/03 B.S., with 37 years remaining. Payback Period (Simple Investment): 7.56 years Discounted Payback Period: 16.16 years The company issued its Initial Public Offering (IPO) on 2079/03/20 B.S. Out of the issued capital of Rs. 1.35 billion, the company issued 24.5% of its shares, equivalent to 3,307,500 shares, amounting to Rs. 330.75 million. The following section presents the company's financial performance over the five-year period from Q4 2078/79 to Q4 2082/83. Balance Sheet Assets 1. Property, Plant & Equipment - Net Block (Net Fixed Assets) The net block stood at Rs. 4.93 billion in the initial period and gradually declined to Rs. 4.82 billion, Rs. 4.66 billion, Rs. 4.50 billion and Rs. 4.34 billion in the subsequent periods. Overall, net fixed assets declined by approximately Rs. 588.60 million, or 11.9%, over the period. 2. Investments Investments remained relatively small compared with the company's total assets. They increased from approximately Rs. 44.14 million to Rs. 44.57 million, although there was a temporary decline to zero in one period. 3. Total Current Assets Total current assets show considerable fluctuation. The latest figure represents a significant recovery. Current assets increased to approximately Rs. 427.35 million, almost returning to the level of the earliest figure in the series. Liabilities: 1. Sources of Fund/Capital & Liabilities The company's total sources of funds declined from approximately Rs. 5.14 billion to Rs. 4.55 billion, representing a reduction of around 11.6%. Therefore, the decline in total funds appears to be largely associated with the reduction in fixed assets and borrowings. 2. Paid - Up Capital Paid-up capital remained unchanged at Rs. 1.35 billion throughout the period. This means the company did not increase its paid-up equity capital during the period covered by the table. 3. Reserve & Surplus The reserve and surplus position shows one of the most notable changes. The company initially had a negative reserve position, meaning accumulated losses had eroded a portion of shareholders' equity. However, the reserve position subsequently turned positive and reached approximately Rs. 256.76 million in the latest reported figure. 4. Loans & Long-Term Liabilities Loans and long-term liabilities declined from approximately Rs. 3.63 billion to Rs. 2.94 billion, a reduction of about 18.8%. This is one of the strongest positive developments in the balance sheet. The debt-to-total-funds proportion also declined from 70.5% to 64.7%. In simple terms, the company is becoming less dependent on borrowed money. 5. Total Current Liabilities Investments remained relatively small compared with the company's total assets. They increased from approximately Rs. 44.14 million to Rs. 44.57 million, although there was a temporary decline to zero in one period. Profit and Loss Account: 1. Operating Income Operating income increased from Rs. 380.94 million in the initial period to Rs. 742.80 million in the latest reported period. This represents an increase of approximately 95.0%. The growth in operating income was primarily driven by electricity sales. Income from electricity sales increased from Rs. 380.74 million to Rs. 738.29 million, almost doubling during the period. This indicates that electricity generation and sales have become the company's dominant source of revenue. 2. Income from Sales of Electricity Income from sales of electricity is the primary source of revenue for the company and provides a clear indication of the operating performance of its hydropower project. The company’s, electricity sales have shown a strong and consistent upward trend over the review period. Income from electricity sales increased from Rs. 380.74 million in the initial period to Rs. 667.87 million, Rs. 675.02 million, Rs. 724.05 million and Rs. 738.29 million in the subsequent periods. Overall, electricity sales increased by approximately 94%, nearly doubling during the period under review. 3. Operating Expenses Operating expenses have generally remained under control compared with the growth in operating income. Excluding the initial figure, operating expenses increased from Rs. 108.74 million to Rs. 136.54 million over the reviewed periods. Project operating expenses increased from Rs. 35.88 million in the initial period to Rs. 102.29 million in the latest period. The increase should be viewed alongside the substantial growth in electricity sales and may reflect higher costs associated with operating and maintaining the hydropower project. 4. Depreciation Expense Depreciation increased from Rs. 82.08 million in the initial period to Rs. 193.34 million in the latest period. The rise in depreciation is consistent with the company's large investment in hydropower infrastructure. Since the project represents a major portion of the company's asset base, depreciation remains a significant recurring expense. 5. Financial Expenses The most important improvement in the company's income statement is the substantial reduction in financial expenses. Financial expenses declined from Rs. 414.32 million to Rs. 199.90 million, representing a reduction of approximately 51.8%. 6. Net Profit The company reported a net loss of Rs. 33.77 million in Q4 2079/80. It then returned to a small profit of Rs. 11.97 million, followed by Rs. 113.20 million and finally Rs. 208.76 million in the latest period. Thus, the latest net profit is nearly 18 times the profit recorded in Q4 2080/81. The latest margin of approximately 28.1% means that the company generated around Rs. 28 of net profit for every Rs. 100 of operating income. Major Indicators 1. Net worth per Share (Rs.) Net worth per share declined from Rs. 112.40 in Q4 2078/79 to Rs. 93.81 in Q4 2079/80. It then gradually recovered to Rs. 94.48, Rs. 102.74 and finally Rs. 119.02 in Q4 2082/83. The latest net worth of Rs. 119.02 per share is the highest in the five-year period. It is also approximately 6% higher than the initial Rs. 112.40. 2. Earnings per Share (EPS Annualized - Rs.) EPS shows how much profit the company earned for each share. The company's EPS moved from Rs. 3.24 in Q4 2078/79 to Rs. - 2.50 in Q4 2079/80, indicating a loss during that period. EPS then recovered to Rs. 0.89, followed by a significant increase to Rs. 8.39 and finally Rs. 15.46 in Q4 2082/83. The latest EPS of Rs. 15.46 is nearly five times the initial EPS of Rs. 3.24. 3. Return on Equity (ROE) ROE shows how efficiently a company generates profit from shareholders' money. The company's ROE was 2.88% in Q4 2078/79. It then fell to zero during the loss-making period, before gradually improving to 0.94%, 8.16% and finally 12.99%. The latest ROE of 12.99% represents a significant improvement. 4. Return on Assets (ROA) ROA measures how effectively the company uses its total assets to generate profit. The company's ROA was 0.81% initially, fell to zero during the loss-making period, and then improved to 0.25%, 2.38% and 4.34%. The latest ROA of 4.34% is the highest in the period. This means that the company generated approximately Rs. 4.34 of profit for every Rs. 100 invested in its assets.
Rotaract Club of Rudramati's 'Project Ujjwal Bhavishya' Fosters Educational Growth in Baglung, Supported by Community and Corporate Partners
The Rotaract Club of Rudramati has successfully concluded its impactful initiative, “Project Ujjwal Bhavishya” (Bright Future), at Shree Hugdishir Primary School in Bareng Rural Municipality 02, Baglung. This comprehensive school support program aimed at significantly enhancing the learning environment and providing crucial assistance to students from financially disadvantaged backgrounds, underscoring a profound commitment to educational empowerment in rural Nepal. The program, a testament to community collaboration, saw the active participation of key local figures, including Bareng Rural Municipality Chairperson Krishna Paudel and the Chairperson of Ward No. 2, who served as the Chief Guest. Representatives from various municipal departments, the Ilaka Police Office, dedicated teachers, supportive parents, and engaged community members also graced the event, highlighting the collective spirit driving this noble cause. The proceedings were skillfully hosted by teacher Indra Bahadur Barma, with Rtr. Sujan Acharya delivering the welcoming remarks and Rtr. Raju Sharma, President of Rotaract Club of Rudramati, providing insightful background into the project's vision. During his address, President Sharma articulated the core philosophy behind Project Ujjwal Bhavishya. He emphasized its design to offer tangible support to students facing economic hardships, thereby encouraging them to pursue their education with renewed confidence and reduced barriers. Sharma passionately stressed that the provision of basic educational materials is a vital step in mitigating the challenges students encounter in attending school and actively engaging in their academic journey. His remarks resonated deeply, particularly as he shared a personal connection to Shree Hugdishir Primary School, having been a former student there. His return as a Rotaractor and project leader marked a deeply meaningful full-circle moment, expressing profound happiness in giving back to the institution that laid the foundation for his early education. Sharma further elaborated on the broader mission of the Rotaract Club of Rudramati, identifying it as a dynamic non-profit youth organization dedicated to community service and leadership development. The club's extensive portfolio of activities spans critical areas such as education, health, environmental protection, climate action, support for children in need, and various other community-based initiatives. This project, therefore, stands as a prime example of the club's unwavering belief in the power of young people to effect meaningful change when united by a clear purpose to serve their communities. The tangible impact of Project Ujjwal Bhavishya was evident in the comprehensive package of support provided to the students. Each recipient received essential items including school uniforms, school shoes, school bags, a complete stationery package (comprising pens, pencils, notebooks, diaries, sharpeners, erasers), learning materials, books, and other vital educational supplies. Furthermore, kindergarten and sports-related materials were distributed to enrich students' learning experiences and promote recreational activities, fostering holistic development. Beyond individual student support, the project also extended its reach to enhance the school's infrastructure and environment. Teacher bags and dustbins were supplied, alongside materials aimed at promoting a cleaner and more organized school setting. This dual approach underscores the initiative's commitment not only to individual student welfare but also to the overall improvement of the educational ecosystem within the school. President Sharma expressed heartfelt gratitude to all contributors who made the project a resounding success. Special thanks were extended to Rotary International District 3292 and the Rotary Club of Rudramati for their foundational support. Notably, SharePro Securities was also acknowledged for its invaluable contribution, highlighting the growing trend of corporate entities engaging in meaningful social responsibility initiatives. Further appreciation was directed towards the club’s Past Presidents, current members, their families, individual supporters, the local community, the school administration, teachers, and everyone who contributed directly or indirectly. The coordination and support from Bareng Rural Municipality, Ward No. 2, and other municipal staff were also gratefully acknowledged. The event culminated with the distribution of materials and a vibrant interaction among the project team, school representatives, local authorities, students, and community members. Through Project Ujjwal Bhavishya, the Rotaract Club of Rudramati aims to instill a lasting connection to education, build student confidence, and pave the way for a brighter future for the youth of Baglung. The club has reaffirmed its dedication to continuing similar initiatives, particularly in areas where targeted interventions can yield significant and enduring positive change in the lives of students and the broader community, representing a valuable investment in Nepal's human capital.
NEPSE Index Edges Up By Minimal Points To Close at 2641.85 Points
The Nepal Stock Exchange (NEPSE) recorded a single-digit gain today, gaining by 0.79 points (0.03%) to close at 2,641.85. This follows a loss of 9.02 points in the previous trading session. The benchmark index opened at 2629.79 and fluctuated between an intraday high of 2,656.21 and a low of 2,629.76 before settling at the close. Total turnover for the day amounted to Rs. 4.11 Arba, with 9,534,221 shares traded across 340 companies through 52,073 transactions. The total market capitalization stood at Rs. 45.40 Kharba, with a float market capitalization of Rs. 15.32 Kharba. Solu Hydropower Limited (SOHL) topped the turnover chart, recording transactions worth Rs. 44.87 crores. The company’s stock closed at Rs. 695.00. Upper Lohore Khola Hydropower Company Limited (ULHC) hit the upper circuit with a 14.99% gain. The stock closed at Rs. 436.60. Meanwhile, Mahila Lagubitta Bittiya Sanstha Limited (MLBSL) recorded the Highest fall, falling by 14.91%. The last traded price of the company was Rs. 1,370.00 . Among sectors, the Hotels And Tourism Index recorded the highest gain, gaining by 0.50%, while the Trading Index recorded the highest loss, down 0.77%. Top Buyer Broker's Top 10 Bought Companies Top Seller Broker's Top 10 Sold Companies
MetLife Nepal Inaugurates Gandaki Province Office in Pokhara
MetLife Nepal has inaugurated its Gandaki Province Office at Avykta Complex, New Road, Pokhara, aiming to expand insurance services and improve customer support across the province. The new office will serve as a regional hub for policy servicing, claims assistance, insurance consultation and customer support, while also strengthening coordination with insurance consultants, businesses and institutions. Speaking at the inauguration, MetLife Nepal General Manager Nirmal Kajee Shrestha said the new office reflects the company’s long-term commitment to Gandaki Province and its goal of making insurance more accessible and responsive to local communities. The expansion is expected to improve engagement with customers and support the professional development of insurance consultants across the province. MetLife has been operating in Nepal since 2001, offering life, accident and health insurance, as well as group insurance services.
IPO Shares of Mount Everest Power Development Limited Listed on NEPSE
86,00,000 units of IPO shares of Mount Everest Power Development Limited (MEPDL) have been listed in NEPSE. This includes the shares held by promoters and the quantity issued to the general public. The opening range for the first transaction is Rs. 100 to Rs.300. If the company signs an agreement with NEPSE, the IPO shares will be traded in the secondary market from Shrawan 27, 2083. Out of a total of 86,00,000 unit shares, 2,58,000 units of IPO shares with a par value of Rs 100 were issued to the general public from 3rd Ashadh to 8th Ashadh, 2083. Note that the listed shares will be traded under the symbol 'MEPDL'.
Crystal Kanchanjungha Securities Launches Margin Trading Facility
Crystal Kanchanjungha Securities Pvt. Ltd. (Broker No. 50) has officially launched a stock financing facility commonly known as margin trading for its clients and individual investors. The new service operates strictly under the guidelines set by the Securities Board of Nepal (SEBON) and the Nepal Stock Exchange (NEPSE), along with the brokerage firm's internal risk management rules. Under this scheme, eligible investors can purchase shares of approved listed companies by making a 30% down payment from their own funds. The remaining 70% of the total purchase amount is covered through a loan provided directly by the brokerage firm. The firm is offering loan options across various trading amounts, ranging from a total trading limit of Rs. 10 lakh up to Rs. 20 crore. Loan durations are flexible, ranging from 30 days to 180 days. Additionally, clients who extend their repayment terms beyond the initial 30 days will receive a 1% discount on service charges for every extra 30 day period. Investors interested in taking advantage of this facility can apply by visiting the company’s head office in New Plaza, Kathmandu, submitting the required documentation, and signing an agreement.
NEPSE Launches 'Visit NEPSE' Program to Cultivate Future Investors, Invites Educational Institutions
The Nepal Stock Exchange (NEPSE) has taken a proactive step towards fostering a more financially literate generation by officially inviting educational institutions to participate in its 'Visit NEPSE' program for the fiscal year 2083/84. This initiative underscores NEPSE's commitment to demystifying the capital market and equipping students with essential knowledge about investment and financial instruments. In a recent public notice, NEPSE called upon interested schools and colleges to register for this insightful program. The 'Visit NEPSE' initiative is designed to provide students with a comprehensive, practical understanding of how the capital market operates, the intricacies of share trading, and various investment avenues available in Nepal. For a long time, NEPSE has recognized the critical need for financial education at an early stage, believing that early exposure can cultivate informed investors and contribute to the overall robustness of the national economy. The program offers a unique opportunity for students to engage directly with the country's sole stock exchange, moving beyond theoretical classroom learning to real-world application. Participants will gain firsthand insights into market mechanisms, regulatory frameworks, and the roles of different market participants. This practical exposure is invaluable for students considering careers in finance, economics, or even those simply looking to manage their personal finances effectively in the future. By understanding the fundamentals of investment, risk, and return, students can make more informed decisions, thereby contributing to a more mature and stable financial ecosystem. Educational institutions keen on leveraging this opportunity for their students are required to submit their applications within 15 days from the date of the notice's publication, specifically by Bhadra 9th. The application process is streamlined, requiring institutions to send their details via email to nepseresearch@nepalstock.com.np. Essential information to be included in the application comprises the name and address of the college or school, an estimated number of participating students, the proposed dates for the visit, the academic level or class of the students, and the contact person's name and phone number. NEPSE anticipates that the 'Visit NEPSE' program will significantly boost students' interest in the capital market and enhance overall financial literacy across the nation. Such initiatives are crucial for developing a strong investor base, which is vital for capital formation and economic growth. A well-informed public is less susceptible to market rumors and more likely to engage in prudent investment practices, leading to a healthier and more sustainable market. This program is not just about teaching students how to trade; it's about building a foundation of financial understanding that empowers them to participate confidently and responsibly in Nepal's economic future. By actively engaging with the academic community, NEPSE is laying the groundwork for a generation of financially savvy citizens, ensuring the long-term vitality and integrity of the Nepalese capital market.
Government Must Focus on Mobility Industry to Boost Growth, Says CNI Chief
The government must prioritize the automobile and mobility sector to revitalize the national economy, said Birendra Raj Pandey, President of the Confederation of Nepalese Industries (CNI). Addressing the opening ceremony of the NAIMA Nepal Mobility Expo 2026 in Kathmandu on Tuesday, Pandey described the automotive sector as a vital link connecting industry, commerce, technology, and consumers. He noted that events like the expo play a key role in building consumer trust, introducing new technologies, and promoting electric and eco-friendly transport solutions. Highlighting economic challenges in recent years, the CNI chief stated that a broader slowdown has weighed heavily on private businesses, government revenue, employment, production, and trade. While welcoming recent signs of recovery, he emphasized that the automobile sector remains a crucial driver of growth due to its high potential for creating jobs and generating tax revenue. Pandey also pointed out that the mobility industry directly supports several related sectors, including construction, energy, infrastructure, insurance, financial services, tourism, and transport. To meet the government’s target of 7 percent economic growth for the current fiscal year, Pandey urged a significant boost in public capital spending. Increased investment in roads, bridges, energy, transport, and urban development, he explained, would accelerate infrastructure progress and spur momentum across the wider economy. Addressing the challenge of youth emigration, Pandey stressed the need to generate quality jobs domestically to retain young talent. He stated that expanding investments in key industries such as green energy, information technology, tourism, agriculture processing, and mobility could create substantial employment opportunities. To achieve long-term economic transformation and industrial growth, the private sector continues to call for political stability, consistent government policies, legal reforms, and a secure environment for investors.
Cabinet Meeting Today: Will the Government Appoint a New Ambassadors in different countries
Prime Minister Balendra Shah has called a Cabinet meeting for 3:00 PM today at Singha Durbar to discuss various ministerial agendas. The agenda of the meeting has not been disclosed by the Prime Minister's Office, but it is likely to focus on ministerial work processes and various public grievance. Will the government appoint ambassadors to the vacant positions in different countries today?
Chilime Hydropower Records Rs. 72 Crore Q4 Profit as Revenue Grows 3.72%
Chilime Hydropower Company Limited (CHCL) has posted a net profit of Rs. 72.00 crores in the fourth quarter of fiscal year 2082/83, marking a 6.44% increase from Rs. 67.65 crores recorded in the corresponding quarter of the previous fiscal year. However, the company’s earnings per share (EPS) declined slightly to Rs. 7.59 from Rs. 7.70. The company generated revenue of Rs. 1.16 Arba during the review period, registering a year-on-year growth of 3.72%. Meanwhile, its retained earnings fell by 15.56% to Rs. 2.26 Arba, while property, plant, and equipment decreased by 1.69% to Rs. 2.11 Arba. Chilime’s investment in subsidiaries increased by 3.45% to Rs. 69.42 crores. Likewise, the company’s paid-up capital rose by 8% to Rs. 9.48 Arba during the period under review. Despite the improvement in net profit and revenue, the company’s net worth per share declined by 5.11% to Rs. 123.90 from Rs. 130.57 in the same quarter last year. At the end of the quarter, Chilime’s market price stood at Rs. 487 per share, while its price-to-earnings (PE) ratio was recorded at 64.15 times. Report: Major Highlights: Particulars (In Rs '000) Chilime Hydropower Company Limited Q4 2082/83 Q4 2081/82 Difference Paid Up Capital 9,484,988.68 8,782,396.92 8.00% Share Premium 0.00 0.00 - Retained Earnings 2,267,245.51 2,685,115.56 -15.56% Property, Plant & Equipment 2,118,137.94 2,154,625.39 -1.69% Investment in Subsidiaries 694,250.00 671,086.40 3.45% Revenue 1,167,632.06 1,125,707.92 3.72% Financial Income 135,927.81 134,746.35 0.88% Net Profit 720,059.20 676,520.92 6.44% EPS (In Rs.) 7.59 7.70 -1.45% Net Worth per Share (In Rs.) 123.90 130.57 -5.11% Qtr end PE Ratio (times) 64.15 - - Qtr End Market Price 487 - -
Chitwan Local Administration Steps In to Ease Cooking Gas Shortage, Urges Against Hoarding
The District Administration Office in Chitwan has stepped in to resolve cooking gas supply disruptions by directly delivering LP gas cylinders to 802 households across Bharatpur, East Chitwan, and West Chitwan. The targeted assistance focused on vulnerable groups who logged complaints via the administration's toll-free helpline over the past week, including elderly residents, individuals with disabilities, single women, postpartum mothers, long-term patients, students, and local shelter homes. The administrative intervention comes amid growing consumer frustration over long queues at local retail outlets despite bottling plants reporting steady production. Chief District Officer Ganesh Aryal announced that a dedicated monitoring team, led by Assistant Chief District Officer Churamani Sharma Gautam alongside police personnel, is now inspecting the entire supply chain from bottling factories to retail dealers to identify distribution bottlenecks. Chitwan requires roughly 120,000 gas cylinders per month, and while daily distribution of 6,000 to 7,000 cylinders should meet standard demand, market friction has prevented smooth delivery to homes. According to Vimal Kalakheti, operator of Baba Gas Industry, the current shortage stems from imported supply chain delays in India rather than local production failures. Operational issues at the primary Indian refinery in Durgapur forced supply trucks to reroute to the Paradip refinery, doubling travel time from two days to four. Additionally, the Barauni refinery reduced its regular supply quotas during a period of heightened market demand. While three primary suppliers Saibaba, Baba, and Nepal Gas continue regular shipments, industry operators have suggested temporarily distributing half-filled cylinders or requesting higher short-term quotas from Barauni to stabilize the market. Local officials and suppliers urge residents to avoid panic buying and cylinder hoarding, noting that normal supply levels will restore much faster if consumers purchase strictly for immediate needs.
Jhapa Energy Restores Full 10 MW Power Generation After Inverter Fire
Jhapa Energy Limited has resumed full electricity generation from its 10 MW grid-connected solar power project in Shivsatakshi-4, Jhapa, following the repair of an inverter damaged by fire. According to the company, one of the two 5 MVA inverters installed at the solar project caught fire at around 1:42 PM on Jestha 18, 2083. The incident disrupted electricity generation from the affected 5 MW unit. The company subsequently carried out the necessary repair and maintenance work on the damaged inverter. Following the completion of the repair work, Jhapa Energy has now resumed electricity generation at the project's full installed capacity of 10 MW. The company said that both 5 MVA inverters are now operational, allowing the solar project to return to its full generation capacity.
Gold Surges to Rs. 307,900 Per Tola; Silver Climbs to Rs. 4,780
Gold prices have witnessed a sharp gain in the domestic market today, gaining by Rs. 6,400 per tola to settle at Rs. 307,900 per tola, up from the previous rate of Rs. 301,500 per tola. The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported that Tejabi gold price also increases by Rs. 6400 per tola to reach Rs. 307,200 per tola, compared to Rs. 300,800 per tola on the previous day. Similarly, silver prices moved in the same direction, rising by Rs. 110 per tola to Rs. 4,780 per tola from Rs. 4,670 per tola on the previous day.
MoU Signed for Merger Between Two Microfinance Institutions
Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) and First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) have signed a initial memorandum of understanding (MoU) for a merger between the two microfinance institutions. Mahila Laghubitta's central office is located in Banepa-13, Sangha, Kavrepalanchok, while First Microfinance's central office is in Gyaneshwor, Ward No. 30 of Kathmandu Metropolitan City. The companies said the agreement was signed in accordance with the provisions of the “Merger/Acquisition Directive for Organized Institutions Registered with the Securities Board of Nepal, 2079.” Following the agreement, Mahila Laghubitta has requested the Nepal Stock Exchange (NEPSE) to keep the share trading of its promoter shareholders suspended until the conclusion of the company’s general meeting, as required under Section 7 of the directive.
Sanigad Hydro’s Net Profit Soars 390% in Q4; EPS Rises to Rs. 9.33
Sanigad Hydro Limited (SGHL) has reported a net profit of Rs. 26.58 crore in the fourth quarter of fiscal year 2082/83, marking a significant 390.16% increase from Rs. 5.42 crore recorded in the corresponding quarter of the previous fiscal year. The company’s revenue from electricity sales increased by 3.70% to Rs. 1.11 arba, compared to Rs. 1.07 arba in the same quarter last year. Sanigad Hydro’s paid-up capital stood at Rs. 2.85 arba, while its secured loan declined by 21.46% to Rs. 4.58 arba. Meanwhile, property, plant, and equipment stood at Rs. 8.04 arba, down 3.43% compared to the previous fiscal year. Despite the rise in profit, the company’s financial costs showed a significant increase, while its earnings per share (EPS) climbed to Rs. 9.33 from Rs. 2.72, representing a 243.11% growth. Net worth per share also increased by 6.91% to Rs. 111.80 from Rs. 104.57. At the end of the quarter, the company’s shares were trading at Rs. 462, with a price-to-earnings (PE) ratio of 49.52 times. Report: Major Highlights: Particulars (In Rs '000) Sanigad Hydro Limited Q4 2082/83 Q4 2081/82 Difference Paid Up Capital 2,850,000.00 1,995,000.00 42.86% Share Premium 0.00 0.00 - Reserve and Surplus 336,414.00 91,246.56 268.69% Secured Loans 4,582,717.98 5,834,827.05 -21.46% Property, Plant & Equipment 8,043,703.84 8,329,641.69 -3.43% Revenue from Operation 1,110,581.05 1,070,962.09 3.70% Financial Cost 404,773.07 575,135.34 -29.62% Net Profit 265,881.02 54,244.10 390.16% EPS (In Rs.) 9.33 2.72 243.11% Net Worth per Share (In Rs.) 111.80 104.57 6.91% Qtr end PE Ratio (times) 49.52 - - Qtr End Market Price 462 - -
Colombia Grapples with Devastating Earthquake: Over 100 Lives Lost, Extensive Damage Reported
Colombia is currently facing a profound humanitarian crisis following a powerful 7.4-magnitude earthquake that struck its vital coffee region and Pacific coast. The catastrophic event, which occurred shortly after 7:30 am (1230 GMT) on Monday, has tragically claimed at least 111 lives and caused extensive destruction, damaging over 1,500 buildings across the affected areas. The seismic activity plunged several cities into immediate chaos, triggering widespread panic and necessitating urgent, large-scale rescue operations. The U.S. Geological Survey (USGS) attributed the quake's origin to movements along the Nazca tectonic plate, a well-known source of significant seismic activity in the region. The epicenter was located at a depth of 110 kilometers, contributing to the widespread impact. The tremors were felt far beyond the immediate impact zone, extending to Colombia's capital city, Bogota, as well as neighboring Ecuador and Panama, underscoring the immense force and reach of this natural disaster. In the hardest-hit urban centers, including Cali, Quibdo, and Manizales, emergency responders, alongside countless volunteers, have been working tirelessly. Often relying on rudimentary tools and even bare hands, they are sifting through vast amounts of rubble in a desperate and arduous search for survivors. The sheer scale of the devastation prompted newly sworn-in President Abelardo de la Espriella, who had only taken office three days prior, to swiftly declare a state of emergency. He has publicly pledged a fully coordinated national response to the crisis, emphasizing the government's unwavering commitment to rescue, relief, and eventual recovery efforts. The immediate aftermath saw critical infrastructure severely compromised. Hospitals in five major cities were placed on red alert to manage the anticipated influx of casualties, stretching medical resources to their limits. To maintain public order and facilitate emergency operations, a curfew was promptly imposed in Cali. Furthermore, at least six airports suspended their operations, causing significant disruptions to travel and complicating the logistical challenges of delivering essential aid and deploying specialized personnel to the most affected regions. The economic ramifications for Colombia's crucial coffee-producing regions and its Pacific coastal communities are anticipated to be substantial. While the immediate and paramount focus remains on humanitarian aid and the ongoing rescue efforts, the long-term recovery process will undoubtedly necessitate significant financial investment. This investment will be crucial for rebuilding damaged homes, restoring critical infrastructure, and revitalizing the livelihoods of thousands of affected citizens. The disruption to agricultural supply chains, particularly for coffee, and vital trade routes could have a ripple effect on local and potentially national economies, posing considerable challenges for businesses and residents alike as they strive to rebuild. This tragic event serves as a stark reminder of the region's vulnerability to natural disasters, coming closely after twin earthquakes devastated neighboring Venezuela less than two months ago, resulting in over 6,300 fatalities. The proximity and recent occurrence of these major seismic events underscore the critical need for robust disaster preparedness strategies, resilient infrastructure development, and effective early warning systems across the Andean region. In a powerful display of international solidarity, support has begun to pour into Colombia. The United States has pledged a substantial $15.5 million in emergency relief funding, demonstrating its commitment to assisting the recovery efforts. The European Union has also deployed its advanced Copernicus satellite service, which will provide crucial geospatial data and high-resolution imagery to aid rescue teams in accurately assessing damage and identifying areas requiring urgent attention. Authorities have cautioned that the death toll is likely to rise as search and recovery operations continue in earnest, reflecting the immense challenge faced by the nation in the wake of this catastrophic earthquake.
Nepal's National Investigation Department Returns to Prime Minister's Direct Oversight
The Nepali political landscape has witnessed a significant shift in governance structure with the House of Representatives passing a crucial bill to bring the National Investigation Department (NID), the nation's primary intelligence agency, back under the direct purview of the Prime Minister's Office (PMO). This move, which has now cleared a major legislative hurdle, marks a pivotal moment in the ongoing debate surrounding the centralization of power and the operational autonomy of sensitive state organs. This is not the first time the NID has been subject to such administrative reconfigurations. The agency's reporting structure has historically been a point of contention and change, often reflecting the political priorities and power dynamics of successive governments. Previously, during the tenure of former Prime Minister KP Sharma Oli in 2075 BS (2018-2019 AD), the NID was placed under the direct command of the Prime Minister's Office. This decision was then reversed by the Sushila Karki-led government, which emerged following a period of public movements, opting to return the intelligence body to the Ministry of Home Affairs. The current government's initiative to once again shift the NID to the PMO is widely perceived as an effort to consolidate executive authority and enhance the Prime Minister's direct control over national security intelligence. The legislative journey of this bill has been methodical. It was initially registered in Parliament on Ashar 15 (late June/early July), subsequently referred to the State Affairs and Good Governance Committee on Ashar 30 (mid-July). The committee, after thorough deliberation, passed the bill on Saun 19 (early August) and forwarded its draft to the Ministry of Law and the Prime Minister's Office for finalization. Following this, the committee's chairperson, Hari Dhakal, presented the comprehensive report to the House of Representatives. The bill was then discussed and passed by a majority vote in the House, underscoring the government's determination to implement this structural change. The process is now set to continue through the National Assembly, Nepal's upper house of parliament. Once approved there, it will be sent back to the House of Representatives for final certification by the Speaker, before being forwarded to the President for authentication. Upon presidential authentication and subsequent publication in the Nepal Gazette, the bill will officially become law, formally transferring the National Investigation Department to the Prime Minister's direct command. This repeated administrative reshuffling of a critical intelligence agency has drawn considerable attention and concern from security experts and political analysts. Many have expressed surprise, likening the NID's position to a "pendulum" swinging between the Home Ministry and the Prime Minister's Office. Critics argue that such frequent changes can undermine the institutional stability, operational independence, and long-term effectiveness of a sensitive body crucial for national security. They emphasize the need for a consistent and well-defined reporting structure that ensures accountability while safeguarding the agency from undue political interference. For investors, while this development might seem purely political, it holds indirect significance. A stable and predictable governance framework is a cornerstone for fostering investor confidence. Frequent changes in the administrative structure of key government bodies, particularly those related to security and intelligence, can sometimes signal underlying political instability or a lack of consensus on fundamental governance principles. While the immediate economic impact may not be direct, the broader implications for institutional strength, policy consistency, and the overall business environment warrant careful observation. The move reflects a broader trend in governance, and its long-term effects on Nepal's administrative efficiency and political stability will be closely watched.
NEPSE Index Loses 9.02 Points on the First Trading Day of This Week;
The Nepal Stock Exchange (NEPSE) recorded a single-digit loss today, losing by 9.02 points (0.34%) to close at 2,641.06. This follows a loss of 4.05 points in the previous trading session. The benchmark index opened at 2651.46 and fluctuated between an intraday high of 2,653.95 and a low of 2,636.28 before settling at the close. Total turnover for the day amounted to Rs. 3.67 Arba, with 10,966,745 shares traded across 352 companies through 53,524 transactions. The total market capitalization stood at Rs. 45.38 Kharba, with a float market capitalization of Rs. 15.30 Kharba. Solu Hydropower Limited (SOHL) topped the turnover chart, recording transactions worth Rs. 46.37 crores. The company’s stock closed at Rs. 711.00. Corporate Development Bank Limited (CORBL) hit the upper circuit with an 8.47% gain. The stock closed at Rs. 1,155.20. Meanwhile, Reliable Samriddhi Yojana -2 (RSY2) recorded the Highest fall, falling by 9.70%. The last traded price of the company was Rs. 9.03. Among sectors, the Microfinance Index recorded the highest gain, gaining by 0.19%, while the Trading Index recorded the highest loss, down 0.86%. Top Buyer Broker's Top 10 Bought Companies Top Seller Broker's Top 10 Sold Companies
National Life Insurance Holds Branch Manager's Conference in Gorkha
National Life Insurance Company Limited has concluded a four-day Branch Manager's Conference in Manakamana, Gorkha, themed "Raising the Bar, Redefining Success." Chairperson Prema Rajyalaxmi Singh inaugurated the event, urging staff to prepare for growing competition in the life insurance sector and highlighting the company's push to adopt AI in digital marketing. CEO Suresh Prasad Khatri delivered welcome remarks, calling the new fiscal year a fresh commitment to growth. More than 200 participants attended, including branch and provincial chiefs and marketing staff. Nepal Insurance Authority Director Shambhu Raj Lamichhane trained staff on anti-money laundering compliance, while sessions on AI tools and market expansion strategy were also held. The company honoured top-performing branches for premium collection, agent production, and policy sales, alongside recreational events including badminton and table tennis.
Triumph Unleashes 'Speed T4': Nepal Welcomes Brand's Most Affordable Premium Motorcycle
Nepal's burgeoning premium motorcycle market is poised for an exciting new entrant as Triumph, the globally renowned British motorcycle manufacturer, prepares to launch its most affordable model, the 'Speed T4', in the Nepali market tomorrow. This strategic move by Triumph's official distributor for Nepal, Hansraj Hulaschand & Company, aims to broaden the brand's appeal and capture a larger share of the rapidly expanding mid-segment premium motorcycle market. The Speed T4 is set to make its grand debut at the highly anticipated 'Naima Mobility Expo', marking a significant moment for motorcycle enthusiasts across the nation. The introduction of the Speed T4 is a calculated step by Triumph to make its iconic brand more accessible to a wider demographic of riders. Positioned as an entry-level model within the 400cc segment, the Speed T4 follows closely on the heels of its successful launch in the Indian market. It leverages the acclaimed platform of the popular 'Speed 400', which has already garnered a strong following, but with key modifications designed to enhance affordability without compromising the quintessential Triumph riding experience. This approach is expected to attract new riders who aspire to own a premium motorcycle but have previously found the price point prohibitive. Underneath its sleek, modern-classic and retro roadster aesthetics, the Speed T4 houses a robust 398cc single-cylinder, liquid-cooled, 4-valve engine. This powerplant is engineered to deliver a respectable 31 PS of power and 36 Nm of torque, ensuring a spirited performance suitable for both urban commutes and weekend getaways. Mated to a smooth 6-speed gearbox, the motorcycle promises an engaging and responsive ride. The design elements further enhance its appeal, featuring a distinctive circular LED headlight, an elegantly sculpted 13-liter fuel tank, and fresh graphics that underscore its contemporary yet timeless appeal. Beyond its performance capabilities and striking looks, the Speed T4 is equipped with a suite of modern features designed for rider convenience and safety. These include a dual-channel ABS system for superior braking control, a torque-assist slipper clutch for smoother gear changes and reduced rider fatigue, a practical USB charging port for on-the-go device charging, and a new dual-format LCD cluster that provides essential ride information at a glance. These additions ensure that even at a more accessible price point, the Speed T4 does not skimp on the premium experience expected from a Triumph motorcycle. To achieve its competitive pricing, Triumph has strategically opted for a 43mm telescopic fork at the front and a mono-shock suspension setup at the rear. While these components differ from the more advanced systems found on some of its higher-end siblings, they are carefully tuned to provide a comfortable and stable ride, perfectly balancing cost-efficiency with performance. This thoughtful engineering allows the Speed T4 to offer the Triumph brand experience at a price point that is significantly more attractive to a broader market segment. Currently, the Triumph Speed 400 is available in the Nepali market for NPR 689,900. The Speed T4, with its refined feature set and slightly adjusted engine power compared to the Speed 400, is anticipated to be priced between NPR 30,000 to NPR 50,000 less. This aggressive pricing strategy is expected to position the Speed T4 as one of the most competitive models in its segment, potentially disrupting the existing landscape and setting a new benchmark for value in the premium motorcycle category. Hansraj Hulaschand & Company is confident that the Speed T4 will become the most competitively priced model within the Triumph lineup, making premium motorcycling a reality for more Nepali consumers. This launch signifies Triumph's commitment to expanding its footprint in Nepal and catering to the evolving demands of its dynamic automotive market.
Finance Minister Wagle Urges Multinational Firms to Expand Investment in Nepal
Finance Minister Dr. Swarnim Wagle held discussions with representatives of 20 major multinational companies operating in Nepal on Monday as part of the government’s ongoing consultations on the implementation of the fiscal year 2083/84 budget. The meeting focused on the facilities provided to multinational companies under the budget, challenges they face while operating in Nepal, and measures the government can take to facilitate further investment, job creation, and the repatriation of returns. Representatives from major companies including Surya Nepal, Ncell Axiata, Arati Strips, Gorkha Brewery, Himalayan Airlines, Hongshi Cement, Doosan Infracore, Dabur Nepal, Bottlers Nepal (Terai), and Unilever Nepal participated in the discussion. Representatives from Asian Paints, Power Construction Corporation of China, Gorkha Lahari, Huaxin Cement, Narayani, New Hope Agro Business Nepal, Nepal Wellhope Agritech, Varun Beverages, Turkish Airlines, Bhotekoshi Power Company, and Berger Jenson & Nicholson Nepal were also present. Addressing the representatives, Finance Minister Wagle said protecting legally made private-sector investments, assets created through such investments, and profits earned by businesses is one of the government’s primary responsibilities. He acknowledged the contribution of the participating companies to Nepal’s economy and described them as among the country’s largest taxpayers, employers, investors, and partners in nation-building. Wagle said the meeting was intended not merely as a formal interaction but as an opportunity to build deeper trust, cooperation, and commitment between the government and the private sector. According to Wagle, Nepal’s economic transformation cannot be achieved by a single ministry, policy, or institution. He stressed that the government and private sector must jointly lead the country’s economic transformation. The Finance Minister said the government wanted to listen to the experiences of companies that have made significant investments and taken substantial risks in Nepal rather than simply present its own position. He said the government had sent a clear message through the current budget that the private sector would be viewed as a partner rather than with suspicion. He added that the government believes private-sector success is fundamental to Nepal’s broader economic success. Wagle further emphasized that the government’s priority should not be limited to increasing tax collection but should focus on accelerating the cycle of production, investment, profit, and reinvestment. He explained that higher business profits can lead to reinvestment, increased production, job creation, higher incomes, market expansion, and ultimately greater government revenue. Wagle stressed that investors need confidence that their assets are secure, regulations remain stable, the tax system is predictable, and the state stands as a reliable partner. He said without such confidence, attracting large-scale investment would remain difficult. The Finance Minister also urged multinational companies already operating in Nepal to expand their existing businesses, enter new areas of production, introduce new technologies, and create additional employment opportunities. He asked the participating companies to provide both verbal and written feedback on the incentives offered by the budget, operational challenges they face, and areas where the government can facilitate investment expansion and business growth.
Terhathum Power Reports 288.38% Surge in Net Profit in Q4 FY 2082/83
Terhathum Power Company Limited (TPC) reported a significant increase in net profit in the fourth quarter of Fiscal Year 2082/83, rising 288.38% from the corresponding quarter of the previous fiscal year. The company generated Rs. 18.26 crore in revenue from power sales during the review quarter, marking a year-on-year growth of 17.86%. The increase reflects continued improvement in the company’s power-generation revenue. Meanwhile, Terhathum Power’s long-term loans and borrowings stood at Rs. 29.19 crore during the review period. The company reported positive reserves and surplus of Rs. 2.90 crore, while its paid-up share capital stood at Rs. 80 crore. The company’s earnings per share (EPS) stood at Rs. 11.17, while net worth per share was reported at Rs. 103.64. Report: Major Highlights: Particulars (In Rs '000) Terhathum Power Company Limited Q4 2082/83 Q4 2081/82 Difference Paid Up Capital 800,000.00 400,000.00 100.00% Share Premium 0.00 0.00 - Reserve and Surplus 29,094.41 -154,110.48 -118.88% Loan and Borrowings 292,910.80 882,865.36 -66.82% Property, Plant & Equipment 1,737.38 2,294.92 -24.29% Revenue from Operation 182,612.26 154,946.07 17.86% Financial Cost 27,531.32 72,493.03 -62.02% Net Profit 89,339.14 23,003.00 288.38% EPS (In Rs.) 11.17 5.75 94.19% Net Worth per Share (In Rs.) 103.64 61.47 68.59% Qtr end PE Ratio (times) 31.25 - - Qtr End Market Price 349 - -
Snow Rivers Limited Posts 241.50% Rise in Net Profit in Q4 With an Eps at Rs.11.93
Snow Rivers Limited has reported a net profit of RS. 11.18 crores for the fourth quarter of fiscal year 2082/83, with its net profit rising 241.50% from 3.27 crores in the same quarter last fiscal year. The company's revenue from electricity sales rose by 101.95% to 37.75 crores, compared to Rs. 18.69 crore in the same quarter last year. The company’s paid-up capital remains at Rs. 93.75 crores while other equity rose by 198.93% to Rs. 75 Crores. Property, plant, and equipment stood at Rs. 97.23 lakhs, reflecting a 12.97% decline compared to the previous fiscal year. However, financial costs rose by 57.77% to Rs 13.26 crores from Rs 8.40 crores, and administrative expenses increased by 76.98% to Rs 6.73 million from Rs 3.80 million. Loans and borrowings declined by 5.39 percent to Rs 1.82 arba from Rs 1.93 arba, while property, plant and equipment fell by 12.97% to Rs 9.72 million from Rs 11.17 million. The company's shares were quoted at a quarter-end market price of Rs 779, with a price-to-earnings (PE) ratio of 65.31 times. Earnings per share (EPS) rose to Rs 11.93 from Rs 4.37, a jump of 173.20 percent, while net worth per share increased to Rs 112.09 from Rs 105.06, up 6.70 percent. The company's shares were quoted at a quarter-end market price of Rs 779, with a price-to-earnings (PE) ratio of 65.31 times. Report: Particulars (In Rs '000) Snow Rivers Limited Q4 2082/83 Q4 2081/82 Difference Paid Up Capital 937,500.00 750,000.00 25.00% Other Equity 113,360.21 37,921.66 198.93% Property, Plant & Equipment 9,723.28 11,171.71 -12.97% Loans and Borrowing 1,821,837.51 1,925,689.15 -5.39% Revenue from sale of electricity 377,510.89 186,930.50 101.95% Administrative Expenses 6,729.94 3,802.60 76.98% Financial Costs 132,671.70 84,090.10 57.77% Net Profit 111,818.24 32,743.21 241.50% EPS (In Rs.) 11.93 4.37 173.20% Net Worth per Share (In Rs.) 112.09 105.06 6.70% Qtr end PE Ratio (times) 65.31 - - Qtr End Market Price 779 - -
Gold Price Falls Slightly, Silver Rises to Rs. 4670
Gold prices have witnessed a moderate fall in the domestic market today, falling by Rs. 200 per tola to settle at Rs. 301,500 per tola, down from the previous rate of Rs. 301,700 per tola. The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported that Tejabi gold price also falls by Rs. 200 per tola to reach Rs. 300,800 per tola, compared to Rs. 301,000 per tola on the previous day. Meanwhile, silver prices moved in the opposite direction, rising by Rs. 25 per tola to Rs. 4,670 per tola from Rs. 4,645 per tola on the previous day.
Upper Solu Hydro’s Net Profit Surges 84.41% to Rs. 20.87 Crore in Q4
Upper Solu Hydro Electric Company Limited (USHEC) has reported a strong financial performance for the fourth quarter of fiscal year 2082/83, with its net profit rising 84.41% year-on-year to Rs. 20.87 crore. The company’s other equity recorded a significant growth of 593.15%, reaching Rs. 25.67 crore, indicating an improvement in its overall financial position. Meanwhile, investment in property, plant, and equipment declined by 3.68% to Rs. 4.33 arba. A notable improvement was also seen in the company’s administrative expenses, which decreased by 0.62% to Rs. 1.60 crore during the review period. The reduction in expenses, along with improved earnings, supported the company’s overall profitability. As a result, earnings per share (EPS) increased by 84.41% to Rs. 15.46. Similarly, the company’s net worth per share grew by 15.84% to Rs. 119.02. At the end of the fourth quarter, USHEC’s shares were trading at Rs. 497.00 per share, while the company’s price-to-earnings (P/E) ratio stood at 31.62 times. Report: Major Highlights: Particulars (In Rs '000) Upper Solu Hydro Electric Company Limited Q4 2082/83 Q4 2081/82 Difference Paid Up Capital 1,350,000.00 1,350,000.00 0.00% Other Equity 256,755.35 37,041.76 593.15% Property, Plant & Equipment 4,338,278.09 4,504,193.91 -3.68% Revenue From Sale of Electricity 738,286.14 724,053.74 1.97% Gross Profit 635,997.24 621,961.28 2.26% Financial Costs -199,897.58 -283,854.16 -29.58% Administrative Expenses -16,028.49 -16,128.43 -0.62% Net Profit 208,763.01 113,203.31 84.41% EPS (In Rs.) 15.46 8.39 84.41% Net Worth per Share (In Rs.) 119.02 102.74 15.84% Qtr end PE Ratio (times) 31.62 - - Qtr End Market Price 489 - -
Prime Minister Balen Shah Shifts Diplomatic Strategy, Engages Indian and Chinese Ambassadors in Bilateral Talks
Prime Minister Balendra Shah, widely known as Balen Shah, has initiated a significant shift in his administration's diplomatic engagement strategy by holding separate, high-level discussions with the ambassadors of India and China to Nepal. These crucial meetings, confirmed by the Ministry of Foreign Affairs, took place at the Office of the Prime Minister and Council of Ministers in Singha Durbar, underscoring their official importance and the gravity of the subjects likely discussed. The day's itinerary saw Prime Minister Shah first meeting with the Indian Ambassador to Nepal, Naveen Srivastava, at 11:00 AM. Following this interaction, he held a separate and equally important meeting with the Chinese Ambassador to Nepal. This approach marks a clear departure from his initial stance upon assuming office on March 27, when his administration had notably prioritized group engagements with foreign representatives. For instance, on April 7, he convened a joint briefing for ambassadors and heads of foreign diplomatic missions based in Nepal, where he received congratulations and well wishes for his tenure. At that time, his office had indicated a policy against individual diplomatic meetings, aiming for a more streamlined and perhaps less preferential approach to foreign relations. However, recent developments suggest a more pragmatic and targeted modification to his diplomatic framework. Prior to these high-profile meetings, Prime Minister Shah had already engaged in a one-on-one bilateral discussion on July 6 with Masato Kanda, the President of the Asian Development Bank (ADB). This earlier bilateral engagement with a key international financial institution likely set a precedent for the current shift towards more focused, country-specific dialogues, indicating a strategic evolution in Nepal's foreign policy. For investors, market observers, and the broader economic community, this strategic pivot in Nepal's foreign policy engagement holds considerable weight. Nepal, a landlocked nation strategically positioned between two of Asia's economic powerhouses, India and China, heavily relies on robust, stable, and proactive diplomatic relations for its economic prosperity and development. Bilateral meetings, unlike broader group settings, allow for more in-depth discussions on specific issues, potential projects, and areas of cooperation that might require nuanced attention and direct negotiation. The relationship with India is multifaceted and deeply intertwined with Nepal's economic fabric, encompassing extensive trade, critical transit routes, cultural ties, and significant infrastructure projects, particularly in hydropower development. Discussions with the Indian Ambassador could potentially cover enhancing cross-border trade facilitation, resolving existing border issues, attracting and safeguarding Indian investment in Nepal's burgeoning energy sector, and strengthening connectivity initiatives that are vital for Nepal's economic lifeline. A stable and cooperative relationship with India is paramount for Nepal's access to the sea and its overall economic stability. Similarly, engagements with China are increasingly vital, particularly in the context of China's ambitious Belt and Road Initiative (BRI) and its growing economic and strategic influence in the region. Potential topics with the Chinese Ambassador might include accelerating the implementation of BRI projects in Nepal, diversifying trade routes to reduce over-reliance on a single partner, attracting Chinese investment in manufacturing, tourism, and technology sectors, and exploring avenues for technological cooperation. Strengthening ties with China offers Nepal significant opportunities for infrastructure development and economic diversification. From an investment perspective, a clear, consistent, and actively managed foreign policy, characterized by direct and focused engagements, can foster a more predictable and attractive environment for foreign direct investment (FDI). When diplomatic channels are actively utilized to address bilateral concerns, resolve disputes, and explore mutual benefits, it significantly reduces geopolitical uncertainties that often deter international investors. Such stability and predictability are crucial for long-term economic planning and for boosting investor confidence across various sectors, from hydropower and tourism to manufacturing and digital infrastructure. This shift by Prime Minister Shah indicates a maturing and more proactive approach to international relations, recognizing the imperative for tailored discussions to effectively advance Nepal's national interests. It suggests a strategic stance in navigating the complex geopolitical landscape, aiming to leverage Nepal's unique geographical position for sustained economic growth and development. The outcomes of these high-level meetings will be closely watched, as they could lay the groundwork for significant advancements in Nepal's economic partnerships and regional standing, ultimately influencing the broader economic outlook and, by extension, the sentiment in the NEPSE market. The move towards more direct, bilateral diplomacy could signal a more effective and results-oriented foreign policy, which is a positive indicator for the nation's economic trajectory and its appeal to both domestic and international investors.