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Mumbai inundated for the second time in one monsoon season
Source: Reuters

Mumbai inundated for the second time in one monsoon season

Heavy rains battered Indias financial hub for the second time in weeks causing massive disruption at the countrys second busiest airport and forcing authorities to shut down schools and colleges. Monsoon rains that lashed Mumbai since Tuesday evening delayed services on the heavily-used suburban train network in a city that is home to Indias two biggest stock Exchanges and the headquarters of s...


2017 Media Forum on Belt and Road Initiative kicks off in China

The 2017 Media Forum on Belt and Road Initiative kicked off in the Chinese city of Dunhuang, a key transit point in the ancient Silk Road on Tuesday. Representatives of media outlets and think tanks from 126 countries including Nepal are participating in one of the largest regular international media forums. Hosted by the Peoples Daily, the event is attended by the representatives of over 300 m...


NEPSE applies circuit breaker to control unusual surge
Source: rss np

NEPSE applies circuit breaker to control unusual surge

The Nepal Stock Exchange (NEPSE) has today put the circuit breaker following an unusual surge in the domestic share market. The unexpected increment in the share market prompted the NEPSE to apply the circuit breaker. According to the NEPSE, 2.598 units of share worth Rs 1.39 billion of a total 144 companies were traded today. Countrys stock market has been on a bullish run these days. NEPSE inde...


Shares worth more than one billion traded
Source: RSS

Shares worth more than one billion traded

Transaction worth Rs. 1.85 billion took place in the share market this week. According to Nepal Stock Exchange Limited (NEPSE), a total of 11.3 million units of shares of 131 companies were traded. The transaction amount is 6.96 per cent higher than the previous week. Shares of 148 companies had been traded last week with a transaction of 1.73 billion rupees worth of 13.3 million units of share...


Rebels storm Indian army base in Kashmir; 3 soldiers killed

Rebels fighting against Indian rule in the disputed Himalayan region of Kashmir stormed a crucial Indian military base Tuesday, triggering a fierce gunbattle that left at least three army soldiers and four militants dead, officials said. At the same time in another part of Kashmir, Indian border forces came across three suspected militants who had allegedly crossed the border from Pakistan int...


Indian held for duping Nepali with IC exchange promise
Source: RSS

Indian held for duping Nepali with IC Exchange promise

Metropolitan Police Crime Division, Teku on Monday arrested an Indian national in the charge of duping a Nepali citizen on the pretext of exchanging banned Indian notes of Rs 500 and Rs 1000. The arrested has been identified as Hare Krishna Sah, 41, of Sitalkochi of West Bengal, India and currently residing in Kalanki-14 of Kathmandu. Based on complaints registered by Abdul Rahim, origina...


Nepal’s focus should be trade facilitation measures along Nepal-India border
Source: RSS

Nepal’s focus should be trade facilitation measures along Nepal-India border

Is Nepal-India relation back on an even keel after recent Exchange of high level political visits? If so, what accounts for the persistent anti-Indian sentiments in Nepal? Why is India not keen on trilateral cooperation? And how will India help Nepal resolve the difficulties surrounding Indias decision to ban 500, 1000 denomination notes? These were among the other issues discussed as Subhash Ghim...


Nepse in free fall as market observes excessive selling pressure
Source: RSS

Nepse in free fall as market observes excessive selling pressure

The Nepse benchmark index plunged 58.46 points, or 3.53 percent, to close at 1,599.62 points. The market remained volatile thorough out the trading day as panicked investors, with no apparent reasons, scrambled to offload their shares. KATHMANDU, Nov 20: Nepal Stock Exchange (Nepse) benchmark index nosedived 44.53 points on Sunday (as of 2:35 pm) as the market observed excessive selling pressu...


Uncertainty over fate of demonetized Indian notes fuels illegal exchange
Source: RSS

Uncertainty over fate of demonetized Indian notes fuels illegal Exchange

When India Prime Minister Narendra Modi withdrew the legal tender of Indian 500 and 1,000 rupee banknotes on November 8, it was meant to curb black money and corruption, but the move itself has ironically created a new black market -- illegal Exchange of those notes held in Nepal. The logic behind the Modis move was that as people exchanging them at authorized bank outlets would have to furnis...


Dahal asks Modi for IC exchange facility
Source: RSS

Dahal asks Modi for IC Exchange facility

Prime Minister Pushpa Kamal Dahal has made a phone call to Indian Prime Minister Narendra Modi, requesting him to provide Exchange facility for the demonetized Indian currencies in circulation in Nepal. According to the Prime Minister Dahals secretariat, the prime ministers of the two countries held phone conversation where Dahal congratulated Modi for his latest move to crack down on black mo...


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