Business - Khabar Butwal

Bhatbhateni Vows No Job Loss, Announces Dashain Bonus Despite Heavy Losses

Bhatbhateni Superstore, which suffered massive damages during the protests of September 9 (Bhadra 24), has announced that none of its employees will lose their jobs. The company has further committed to providing Dashain bonuses to all staff despite the setbacks. Out of its 28 branches nationwide, 22 came under attack, leaving 12 branches inoperable. Among them, five branches inside the Kathmandu Valley—Naxal, Maharajgunj, Boudha-Chucchepati, Koteshwor, and Baluwatar—and seven branches outside the Valley—Pokhara, Chitwan, Hetauda, Birtamod, Damak, Biratnagar, and Dharan—will only reopen after reconstruction. Commitment to Full RestorationAmid declining morale in the private sector, Bhatbhateni Chairman Min Bahadur Gurung pledged to…

Nepal Rastra Bank fixes foreign exchange rates for Friday

Nepal Rastra Bank has set the foreign currency exchange rates for today (Friday). According to the central bank, the buying rate for 1 US Dollar is NPR 140.71 and the selling rate is NPR 141.31. Euro (1 EUR) – Buying: NPR 166.45 | Selling: NPR 167.16 British Pound (1 GBP) – Buying: NPR 191.70 | Selling: NPR 192.52 Swiss Franc (1 CHF) – Buying: NPR 178.34 | Selling: NPR 179.10 Australian Dollar (1 AUD) – Buying: NPR 93.65 | Selling: NPR 94.05 Canadian Dollar (1 CAD) – Buying: NPR 102.16 | Selling: NPR 102.59 Singapore Dollar (1 SGD) – Buying:…

Insurance Claims Surge After Gen-Z Protests: Rs 20.7 Billion Filed

Companies affected during the Gen-Z protests of September 8–9 (Bhadra 23–24) have begun filing insurance claims in large numbers. According to the Nepal Insurance Authority, as of September 16 (Bhadra 31), a total of 1,984 claims worth Rs 20.7 billion have been lodged with 18 non-life insurance companies, including micro-insurance providers. The Oriental Insurance has received the highest number of claims, largely because the heavily damaged Bhatbhateni Superstore was insured under it. The company has received 40 claims worth Rs 5.41 billion. Siddhartha Premier ranks second, with 258 claims amounting to Rs 4.93 billion, while Shikhar Insurance has recorded 366…

NEPSE Hits Third Consecutive Negative Circuit, Trading Halted

The NEPSE index has hit its third consecutive negative circuit. Following the third circuit break, share trading was suspended for the day. At 12:06 PM, the index dropped 6%, triggering a circuit break and falling to 2,511 points — a decline of 160 points. During this period, 1.7 million shares worth NPR 720 million were traded. This sharp fall occurred on Thursday, the first trading day since the change in government after the Gen-Z movement. Earlier, just two minutes after the market opened, NEPSE dropped by 4%, leading to the first circuit break and a 20-minute trading halt. When trading…

Share Market Hits Second Negative Circuit Break Post-Jenji Movement

The share market, which reopened after the Jenji movement, experienced its second consecutive negative circuit break. Within just two minutes of trading, the NEPSE index dropped by 4%, triggering the first circuit break and halting the market for 20 minutes. However, as trading resumed, the index fell further, reaching a 5% decline, which activated the second circuit break, suspending the market for 40 minutes. As a result, the NEPSE index decreased by 133 points, closing at 2,538. The repeated circuit breaks have heightened anxiety among investors.

Gold and Silver Prices Fall in Local Market

Gold and silver prices declined in the local market on Thursday. According to the Nepal Gold and Silver Traders Association, the price of standard gold, which was traded at NPR 216,100 per tola on Wednesday, fell to NPR 215,200 per tola on Thursday, a decrease of NPR 900 in a single day. Similarly, the association reported that silver prices also dropped. Silver, which was traded at NPR 2,550 per tola on Wednesday, fell to NPR 2,520 per tola on Thursday.

Nepal’s Foreign Exchange Reserves Rise to Rs 2.8 Trillion

Nepal’s gross foreign exchange reserves have increased to Rs 2.8 trillion as of mid-August, according to the latest data released by Nepal Rastra Bank. The reserves stood at Rs 2.67 trillion at the end of mid-July, marking a 4.8 percent rise within a month. Of the total, reserves held by the central bank reached Rs 2.51 trillion in mid-August, up 4 percent from Rs 2.41 trillion in mid-July. Similarly, reserves with banks and financial institutions grew by 12 percent, rising to Rs 294.58 billion from Rs 263.04 billion during the same period. Indian currency accounts for 23.4 percent of the…

Nepal’s Foreign Exchange Reserves Rise to Rs 2.8 Trillion

Sagar Distillery Launches IPO for General Public

Kathmandu – Sagar Distillery Limited has opened its Initial Public Offering (IPO) for the general public starting today. The company is issuing 1,190,640 shares at a par value of Rs. 100 each, amounting to Rs. 119.06 million. Of the total, 72,600 shares have been reserved for mutual funds and 43,560 shares for company employees. General investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The IPO, originally planned for Bhadra 25, was postponed due to unfavorable national circumstances. Applications can be submitted through ASBA member banks and financial institutions, as well as via the…

Gold Prices Dip Slightly, Silver Rises in Nepal

Compared to last Friday, gold prices have slightly decreased today, while silver has risen by NPR 5 per tola. According to the Nepal Gold and Silver Traders’ Association, the price of one tola of gold is now set at NPR 215,100, and one tola of silver at NPR 2,570. Last Friday, one tola of gold was traded at NPR 215,800, and silver at NPR 2,565 per tola. International media reports indicate that in the global market, one ounce of gold is currently trading at USD 3,643.