Business

Bhatbhateni Departmental Store, which had come under attack during the Gen-Z protests, has resumed services from branches that were not completely destroyed by arson and vandalism. The company announced that from September 12 (Bhadra 27), it has restarted operations at 16 branches nationwide, open from 2:00 PM to 8:30 PM. In the Kathmandu Valley, stores in Tokha, Satdobato, Anamnagar, Sanagaun, UWTC, Patan, Kalanki, Radhe Radhe, and Balaju are now operational. Outside the Valley, branches in Nepalgunj, Janakpur, Butwal, Birgunj, Dhangadhi, Itahari, and Bhairahawa have also reopened. Expressing gratitude to customers for their patience and continuous support amid destruction, the company…

Gold prices in Nepal reached a new record high on Friday. According to the Federation of Nepal Gold and Silver Dealers’ Association, hallmark gold was traded at Rs. 215,800 per tola. Silver prices also increased on Friday, with trading recorded at Rs. 2,565 per tola, up from Rs. 2,505 per tola on Thursday.

The Nepal Insurance Authority has directed insurance companies to swiftly and smoothly settle claims arising from the difficult situation that began on Bhadra 23. Director Kundan Sapkota stated that, given the irreparable losses in both public and private sectors, as well as damages and hardships suffered by insured property, the Authority has urged non-life insurance companies to facilitate claim settlements without delay. The Authority has also instructed insurers to submit weekly reports on claim payments related to damages caused during the protests and vandalism on Bhadra 23 and 24, which led to significant loss of life and property.

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for today. According to NRB, the buying rate of one U.S. dollar has been fixed at Rs. 141.22 and the selling rate at Rs. 141.82. The exchange rates for other major currencies are as follows: Euro: Buying Rs. 165.03 | Selling Rs. 165.73 British Pound Sterling: Buying Rs. 190.78 | Selling Rs. 191.59 Swiss Franc: Buying Rs. 176.64 | Selling Rs. 177.39 Australian Dollar: Buying Rs. 93.30 | Selling Rs. 93.69 Canadian Dollar: Buying Rs. 101.70 | Selling Rs. 102.14 Singapore Dollar: Buying Rs. 109.91 | Selling Rs. 110.37…

Nepal Rastra Bank (NRB) has issued a notice directing banks, financial institutions, and payment system operators to continue their operations with limited staff. According to the notice, institutions handling banking and payment services must ensure business continuity by mobilizing a small number of employees in line with the directives of the Ministry of Defense and the Nepal Army’s statement on movement restrictions. Essential banking and digital payment services are to be kept operational. For other systems, NRB has instructed institutions to manage operations through remote access based on risk assessments. Additionally, operational branches, ATMs, and available services should be regularly…

The Nepal Stock Exchange (Nepse) announced that the stock market will remain closed today (Wednesday) and tomorrow (Thursday). The closure comes amid the ongoing Gen Z protests and requests from trading members and investors to halt operations. According to the Securities Listing and Trading Regulations, 2075, all securities trading will be suspended on these two days. The market was also closed on Tuesday due to the protests. If conditions improve, trading is expected to resume on Sunday, the next business day.

In Baglung, a soap industry has been established with an investment of one crore rupees. Teertha Gautam and Tara Sharma from Kathekola Rural Municipality–7 have been producing Kalika Soap for the past two years. Both are postgraduate degree holders. While many of their peers advised them to go abroad, the couple chose a different path. Even family members suggested that going abroad was the safer option. However, Teertha and Tara dreamed of becoming entrepreneurs in Nepal. Now, they are nurturing their industry alongside their two-year-old son. Their self-established business currently provides employment for six people. Operating near Hallanchok in Baglung…

The rise in gold and silver prices in the international market has also affected the local market in Nepal. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold, which was traded at Rs. 210,000 per tola last Friday, has increased by Rs. 2,000 today, reaching Rs. 212,000 per tola. The price of silver has also gone up by Rs. 10 per tola and is currently being traded at Rs. 2,500 per tola. Last Wednesday, the price of gold stood at Rs. 207,900 per tola, while silver was traded at Rs. 2,480 per tola. International…

Nepal Rastra Bank (NRB) has published the foreign exchange rates for Sunday. According to NRB: US Dollar (USD): Buying – Rs. 140.93 | Selling – Rs. 141.53 Euro (EUR): Buying – Rs. 164.66 | Selling – Rs. 165.36 UK Pound Sterling (GBP): Buying – Rs. 189.92 | Selling – Rs. 190.73 Swiss Franc (CHF): Buying – Rs. 175.40 | Selling – Rs. 176.14 Australian Dollar (AUD): Buying – Rs. 92.22 | Selling – Rs. 92.62 Canadian Dollar (CAD): Buying – Rs. 102.16 | Selling – Rs. 102.98 Singapore Dollar (SGD): Buying – Rs. 109.52 | Selling – Rs. 109.98 Japanese…

Nepal Rastra Bank has published the foreign exchange rates for Saturday. According to the central bank, the buying rate of one US dollar has been fixed at Rs. 140.93 and the selling rate at Rs. 141.53. The buying rate of one Euro is Rs. 164.66 and the selling rate Rs. 165.36, while the buying rate of one British Pound Sterling is Rs. 189.92 and the selling rate Rs. 190.73. Similarly, the buying rate of one Swiss Franc is Rs. 175.40 and the selling rate Rs. 176.14. One Australian Dollar is valued at Rs. 92.22 for buying and Rs. 92.62 for…