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Blockade, energy shortages goad country into looking for solutions

2015-10-05 The fuel crisis created by the unofficial blockade of Nepal by India has launched a discourse on the country’s energy security. As Nepal is completely dependent on India for petroleum products, a halt in fuel shipments has led to an…

Energy crisis may hit banking services

2015-10-05 Bankers on Sunday informed the central bank that banking services could be severely affected in the absence of fuel to run generators. Due to load-shedding, banks and financial institutions depend on generators for smooth operation of their servers.During their meeting…

Only I was authorized to talk to Indian officials on supply issues: Minister Thapa

2015-10-05 Minister for Commerce and Supplies Sunil Bahadur Thapa on Sunday clarified that he was the only official representative of the government authorized to talk about supplies issue with Indian government officials. Leaders of three major parties - Nepali Congress, CPN-UML…

India not allowing petroleum tankers to enter Nepal

2015-10-05 Indian authorities continued to obstruct vehicles carrying petroleum products at the eastern border point of Kakarbhitta on Sunday. Though Indian officials had assured Nepal, on Saturday, to allow movement of cargo trucks through the border points, India allowed trucks carrying…

Nabil bank declares 30% bonus share & 6.84% cash dividend; Paid up will rise to 4.75 arba

2015-10-04 Nabil Bank Limited (NABIL) has decided to distribute 30 percent bonus share and 6.842 percent cash dividend for to its shareholders.The BOD meeting held on Ashwin 17, 2072 has proposed 30 percent bonus share and 6.842 percent cash dividend to…

Nepse index went by 4.74 points to close at 1183.48 level; market optimistic as India calls off economic blockade

2015-10-04 The market seems optimistic as India calls off the economic blockade in Nepal. Banks and financial Institutions are coming out with their capital plan which has also brought positive effect in the market. On the first trading day of the…

Chairman: Laxmi to issue 1:1 in fiscal year 2072/73

2015-10-04 Mr. Rajendra Kumar Khetan, the chairman of Board of Directors of Laxmi Bank confirms the news of Laxmi bank issuing right shares in the ratio 1:1 in the fiscal year 2072/73. If any merger happens than that will be added…

Shine Resunga announces 27% stock dividend; Paid up will reach up to Rs 80.43 crore

2015-10-04 Shine Resunga Development Bank Limited (SHINE) has decided to distribute 27 percent bonus share and 1.42 percent cash dividend for tax purpose to its shareholders. The BOD meeting held on Ashwin 15, 2072 has proposed 27 percent bonus share and…

Machhapuchchhre Bank celebrates 15th anniversary

2015-10-04 Machhapuchchhre Bank Limited, the first regional commercial bank from the western region of Nepal has entered into 16th year of operation.The 'A' class commercial bank started its banking operations from its own head office located in the foothills of Machhapuchchhre…

Technical Call: Prime Commercial Bank Ltd.

2015-10-04 Prime Commercial Bank Ltd. Buy: Rs.615 - Rs.630 Risk Level: Rs.580 Targeted Price : Rs.710 Current Market Price: Rs.625 Strategy: Buy on Price Fall Trend: Up Duration: 1 - 2 Weeks Sagun Shakya -Technical Analyst-   Disclamer: Opinions expressed are…

 

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