Markets
The price of gold keeps rising and records new highs on the domestic market.
Gold price reached a record high in the domestic market, rising by Rs 400 per tola on Monday.
Shivam Holdings plans to launch an IPO at a premium and declares a cash dividend.
Shivam Holdings, a 2015-established public company with a 30% stake in Hongshi Cement, is preparing to issue an IPO and distributed a 4% cash dividend to shareholders.
Oil sector gains relief, but consumers suffer as India increases customs duties
The oil industry has increased prices by Rs 30 per liter in two weeks, presenting a 'gift' to consumers in anticipation of Dasain.
Dealers anticipate increased demand for Dashain goats as the economy improves.
The demand for live goats in Kathmandu Valley is expected to exceed 70,000 heads this festival, similar to pre-Covid times.
The sugar shortage is expected to recur as festival season approaches.
Nepal may experience a sugar shortage during the upcoming festival season due to delayed imports from two government supply firms.
AGM of Hams Hospital: A dividend proposal, in anticipation of the hospital's IPO, will be made
Hams plans to issue an IPO at a premium and plans to present a dividend proposal at its annual general meeting on October 23, pending the company's specific percentage offer.
The cost of kerosene, fuel, and gasoline has dropped by Rs. 4 and Rs. 5 per litre.
Nepal Oil Corporation has adjusted fuel prices based on a new purchase price received from the Indian Oil Corporation, effective from 1 am on Monday.
Government offers support to promote tourist development: PM Oli
Prime Minister KP Sharma Oli inaugurated the Lemon Tree Premier five-star hotel in Kathmandu, constructed at a cost of Rs 2.50 billion.
This week, gold prices have continued to break records.
Gold prices set new records this week, reaching a new high on Wednesday and another historic record on Friday, despite slight decreases on Thursday.
For Dasain, 1800 Khasiboka and Changra are being brought in and will be offered at discounted prices.
Sarka plans to deliver 1,800 khasiboka and changra to Dasain's capital, while the Food Management and Trading Company will bring 1,500 khasiboka and 300 changras.
According to market observers, as festival season draws near, onion prices can rise even more.
On Monday, onions cost Rs128 per kg at wholesale in the Kalimati veggies market. It costs between Rs170 and Rs180 per kg at retail.
Gold and silver prices in Nepal have dropped by Rs 1,200 and Rs 45 per tola respectively, reaching a new high in the domestic gold market.
Fine gold is now trading at Rs 152,100 per tola, down from Rs 153,300 on Friday.
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