Nepse plunges by 1. 18 points on Sunday

The Nepal Stock Exchange (NEPSE) plunged by 1. 18 points to close at 2, 622. 65 points on Sunday.

Similarly, the sensitive index dropped by 0. 20 points to close at 441. 80 points.

A total of 21,905,311-unit shares of 322 companies were traded for Rs 9. 24 billion.

Meanwhile, Nepal Micro Insurance Company Limited (NMIC), Crest Micro Life Insurance Limited (CREST) and Om Megashree Pharmaceuticals Limited (OMPL) were the top gainers today with their price surging by 10. 00 percent.

Likewise, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) was the top loser with its price dropped by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 4. 35 trillion.

Koshi Province Investment Summit: MoUs signed for investments worth Rs 152 billion

An agreement has been signed for projects worth Rs 152.16 billion during the two-day investment summit organized by the Koshi province government. The Province Investment Summit was organized on Thursday.

MoUs have been signed for 46 different projects, said Dr Saroj Koirala, the Chief Executive Director of the Province Investment Authority. The MoUs for investment were signed by Dr Koirala and the investors. 

According to Dr Koirala, agreements have been signed for eight projects related to agriculture, three related to energy, 12 related to industry, nine related to infrastructure, two related to information technology, 10 related to tourism and two related to waste management.

He shared that among the projects for which MoUs for investment have been signed, 19 projects are from the private sector and 27 projects are from the public-private partnership. 

The province government had put 71 projects on display and estimated investment commitments of Rs 173.49 billion at the investment summit.

 

 

 

Gold price increases by Rs 600 per tola on Sunday

The price of gold has increased by Rs 600 per tola in the domestic market on Sunday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 184, 100 per tola today.  It was traded at Rs 183, 500 per tola on Friday.

Similarly, the silver being traded at Rs 1,910per tola today.

UML Secretariat meeting today

The Secretariat meeting of the ruling CPN-UML is taking place today. 

UML's Publicity Department Chief Rajendra Gautam said that the Secretariat meeting is scheduled for 2 pm  at the party central office in Chyasal.

According to Gautam, the policies and programs unveiled by the government for the upcoming fiscal year, new budget and contemporary political issues would be discussed at the meeting.  

 

 

Royal Challengers Bengaluru beat Chennai Super Kings by 2 runs

Royal Challengers Bengaluru defeated Chennai Super Kings by two runs in match 52 of the Indian Premier League 2025 at the M. Chinnaswamy Stadium in Bengaluru on Saturday. Chasing CSK finished at 211/5 in their quota of 20 overs on the back of half-centuries from Ayush Mhatre 94(48) and Ravindra Jadeja 77(45), The Indian Express reported.

Earlier, MS Dhoni won the toss and put RCB into bat first. Openers Jacob Bethell 55(33) and Virat Kohli 62(33) both scored half-centuries, and Romario Shephard 53 (14) blitzed with a superb innings right at the end.

With the win, RCB has one leg in the playoffs with 16 points, meanwhile Chennai has already been eliminated from the playoff race earlier in the season, according to The Indian Express.

Singapore's ruling party extends monopoly with decisive election win

Singapore's People's Action Party won its 14th successive election on Saturday to extend its unbroken six-decade rule, delivering a strong mandate to its new premier as the city-state braces for economic turbulence from a global trade war, Reuters reported.

The PAP, which has ruled since before Singapore's 1965 independence, won 87 of the 97 parliamentary seats up for grabs, with victories by huge margins in many of the 33 constituencies as the opposition failed to extend gains in previous contests.

The election was a bellwether of the popularity of the PAP amid some signs of disenchantment with its tight grip on power in the Asian financial hub, whose six million people have known no other kind of government.

Though the PAP has consistently won about 90% of seats, its share of the popular vote is closely watched as a measure of the strength of its mandate, with Prime Minister Lawrence Wong eager to leave a mark on his first election in charge after one of the PAP's worst performances on record last time, according to Reuters.

Wind from Bay of Bengal causes rain in different parts of country

Different parts of the country including the Kathmandu Valley and some hilly areas have received rain since last night due to the influence of the westerly and local winds. 

The moisture-laden wind entering from the Bay of Bengal also has its partial influence on the country's weather, the Meteorological Forecasting Division stated in a weather bulletin. 

Currently, the Kathmandu Valley is receiving rain. 

The Division stated that the weather is partly to generally cloudy across the country today and the hilly regions including the Koshi and Lumbini Provinces will receive light to moderate rain along with lightning in some places. 

Similarly, the Division mentioned that the weather is likely to remain partially to generally cloudy in the hilly regions of the country this evening while some parts of the hilly regions and one or two places in rest of the parts of the country could receive light to moderate rain along with lightning.

 

 

Narayangadh-Butwal section, Kanti Highway disrupted

The continuous rainfall occurring since last night has disrupted the vehicular movement along the Narayangadh-Butwal section of the East-West Highway. 

Madhu Nepal, the Deputy Superintendent of Police (DSP) and Information Officer of District Police Office, Nawalparasi Purva, shared that the road was closed as the vehicles skidded off the road following the rain in Daunne area, which is under construction now.   

DSP Nepal has urged the passengers and drivers to use alternative routes since the road is completely closed.   

Likewise, vehicular movement along the Kanti Highway is obstructed as a diversion in Bagmati river near Bhimphedi in Makawanpur district was washed away in the flood this morning, according to the District Police Office, Makawanpur. 

The area has received continuous rainfall since last night. 

Police personnel have been deployed to resume vehicular movement, DSP Shyamu Aryal said. 

Likewise, the travelleds have been urged to use other routes to travel from Hetauda to Kathmandu.