30 MW Chameliya Hydropower Project -Korean contractor issues pullout warning

Korea Hydro and Nuclear Company, the contractor of electro-mechanical and hydro-mechanical works as well as the construction of transmission lines of the 30 MW Chameliya Hydropower Project, has warned the Nepal Electricity Authority that it would walk out on the contract unless it is compensated for delay in civil works.

Average daily turnover at Nepse crosses Rs 95million

In the last fiscal year, bullish share prices caused the average transaction volume to surpass the average turnover achieved during the peak year of 2008-09.
The average daily turnover of Nepal Stock Exchange (Nepse) in the last fiscal year stood at Rs 95.04 million.

Real estate sector gradually comes back to life

The real estate market, that remained moribund for the last three years, is gradually creeping back to life, but transactions are yet to reach the peak of 2008-09. In the last fiscal year ended July 15, various land revenue offices in the country collected Rs 5.36 billion in registration fees, up from Rs 4.80 billion recorded in the previous fiscal year.

Rupee dips all-time low to Rs 97.73 a dollar

The Nepali rupee has dipped to an all-time low against the US dollar , with the Nepal Rastra Bank (NRB) setting the reference exchange rate at Rs 97.73 per dollar for Thursday. The Nepali currency witnessed a single day fall of Rs 1.04 a dollar on Wednesday.

Nepse index settle at 546.83 levels; loss 0.78 points

After prolonging the height to 550 levels like of yesterday, the market today also couldn’t breach this resistance level.

Following the profit booking from the investors after reaching the height of 550, the market came under sharp pressure attributing to more than 2 points loss in the second hour of trading.