November 12, Kathmandu- The meeting of Board of Directors of Surya Life Insurance held in November 10, 2020 has approved and recommended to distribute 5% bonus and 5.526% cash dividend to the shareholders for the Fiscal Year 2075/76.

The decision of the Board of Director is subject to approval of Beema Samitee and Annual General Meeting of the company.

Corporate News

India makes exemption for Nepal, allows some refined palmolein imports

February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.

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HIDCL, Power China to build 762MW Tamor reservoir project

Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.

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Security audit of BFIs compulsory

Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.

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Age limit set for CEOs, directors at BFIs

KATHMANDU: Nepal Rastra Bank has set an age bar for board of directors and chief executive officers of banks and financial institutions (BFIS).

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Symbol % Change Last Price Turnover
AKJCL 10.0000 165.0 8,657,398.0
NIFRA 10.0000 660.0 321,231,917.0
NHDL 9.9338 332.0 4,875,571.0
UPPER 9.8330 592.0 56,789,985.0
CGH 9.6654 295.0 14,450.0
Symbol % Change Last Price Turnover
CMF2 -9.0909 10.0 4,423,116.0
CMF1 -9.0909 10.0 1,056,239.0
NEF -7.6923 12.0 2,724,373.0
CCBL -5.5172 274.0 82,274,264.0
CBL -5.3232 249.0 161,280,302.0
Symbol % Change Last Price Turnover
NICA -3.8743 918.0 382,475,253.0
NIFRA 10.0000 660.0 321,231,917.0
NUBL -0.7927 1,627.0 308,303,522.0
SICL 1.2522 2,830.0 299,835,916.0
NLIC -1.3870 2,204.0 298,105,818.0