Nepal Telecom announces Dashain & Tihar festival offer

Nepal Telecom has announced special offer on its services starting October 10.

The state-owned telco is offering 50 percent discount on SMS within its network from October 10 to October 18 and November 2 to 9.

Gold dearer by Rs 900 per tola, Nepali rupee improves against USD

The price of hallmark gold has increased by Rs.900 per tola on Friday.

The Federation of Nepal Gold and Silver Dealers' Association (FNEGOSIDA) has fixed the price of yellow metal at Rs. 55,000 per tola (11.664 gram) on the last trading day of the week.

Dividend announcements fail to attract investors

Despite the attractive dividend announcements, lack of bonus shares dampened investor confidence and share prices failed to increase.

This year, the dividend offering has risen in comparison to last year especially by finance companies and development banks. However, since the past one and a half months, the stock index of the three subgroups commercial banks, development banks and finance companies  has remained static.

Global IME Bank launched ‘Easy Buy, Easy Pay’ scheme for Dashain & Tihar festival

Global IME Bank has launched a scheme called ‘Easy Buy, Easy Pay’ under which credit card holders of the institution will be extended credit facility to purchase goods worth Rs 25,000 to Rs 200,000 at zero per cent interest.

Prime Commercial Bank Ltd proposed 10% bonus shares & 5% cash dividend.

Prime Commercial Bank Limited has proposed 15 percent dividend -- 10 bonus shares and 5 percent cash – to its shareholders from the net profit it earned in the last fiscal year of 2069/70.