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The Nepal Stock Exchange (NEPSE) plunged by 27. 16 points to close at 1,871.22 points on Monday. Similarly, the sensitive index dropped by 5. 36 points to close at 366. 84 points. A total of 3,155,695 unit shares of 233 companies were traded for Rs 97 billion. Meanwhile, Aviyan Laghubitta Bittiya Sanstha Limited was the top gainer today with its price surging by 9. 99 percent. Likewise, Garima Debenture was the top loser with its price dropped by 8. 13 percent. At the end of the day, the total market capitalization stood at Rs 2. 68 trillion.

Eight persons died and five others were injured when a landslide triggered by torrential rainfall buried two houses in Chhayanath Rural Municipality-11 of Mugu district on Sunday. The deceased have been identified as Gaurikala Bohara (82), Sushmita Bhagri (19), Hojali Bhagri (30),  Bir Bahadur Bhagri (54), Chakra Bir Bohara (15), Sakka Bahadur Sawat (20), Krishna Sawat (20), and Hajira Bhagri (60). Ward Chairman Kunjuma Kumai said that locals are searching for those buried in the landslide. DSP Subash Humal of the District Police Office, Mugu said that security personnel have not been able to reach the incident site as the landslides and floods washed away all the roads and bridges connecting to the place. Locals said that hundreds of families of Bhambada, Dhuma, Karkibada Pina, Tuma, Balai Ghuir, Jhyari, Topla, and Kotali of Chhayanath Rara Municipality have been displaced following the water-induced disaster.  

Samajwadi Party founder Mulayam Singh Yadav passed away while undergoing at Medanta hospital in Gurugram on Monday. He was 82, The Indian Express reported. The SP patriarch’s condition had been “quite critical” for the past few weeks and he was on life-saving drugs. Party chief and Yadav’s son Akhilesh confirmed the news of the leader’s death on Twitter. “Mere adarniya pitaji aur sabke netaji nahi rahe – Akhilesh Yadav,” he tweeted from the party’s official handle. Soon after learning about the demise of the SP founder, Prime Minister Narendra Modi recollected his relationship with the veteran leader and tweeted: “Shri Mulayam Singh Yadav Ji was a remarkable personality. He was widely admired as a humble and grounded leader who was sensitive to people’s problems. He served people diligently and devoted his life towards popularising the ideals of Loknayak JP and Dr. Lohia.” Yadav will be cremated in Saifai, his native village in Etawah district, on Tuesday around 3 pm, party has said, according to The Indian Express. “The body of netaji is being taken to Saifai. On Oct 11, he will be cremated at around 3 pm,” Samajwadi Party said. Union Defence Minister Rajnath Singh will go to Saifai, today to attend the last rites.

The price of gold has dropped by Rs 800 per tola in the domestic market on Monday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 95, 200 per tola today. It was traded at Rs 96, 000 per tola on Sunday. Meanwhile, tejabi gold is being traded at Rs 94, 700 per tola today. Similarly, the price of silver is being traded at Rs 1, 230 per tola.

Former Nepal national cricket team captain Sandeep Lamichhane, who was arrested on the rape charge, has been remanded in police custody for seven days. The Kathmandu District Court on Monday ordered the police to keep Lamichhane in custody and proceed with their investigation. He was presented before the court this afternoon due to Dashain holiday although he was arrested four days ago from the Tribhuvan International Airport. Lamichhane claimed in the court that the girl who accused him of rape was not a minor. The 22-year-old cricket star’s lawyer said that two birth certificates of the girl have been found during the investigation. According to the birth certificates, it has been clarified that the girl is not minor. A 17-year-old girl had filed a rape complaint against Lamichhane at the Metropolitan Police Circle, Gaushala when he was abroad to play Caribbean Premier League (CPL) from Jamaica Tallawahs. According to the complaint, Lamichhane had allegedly taken the girl to various places in Kathmandu and Bhaktapur on August 21 and raped her in a hotel room the same night.  

Several large explosions have been heard in the Ukrainian capital Kyiv a day after President Vladimir Putin blamed Ukraine for a deadly explosion on a key bridge connecting the Crimean Peninsula to mainland Russia, Aljazeera reported. “Several explosions in the Shevchenkivskyi district, in the city centre,” Mayor Vitali Klitschko wrote on Telegram on Monday. “Details will follow,” he said. The explosions took place around 0815 local time (0515 GMT), with air raid sirens sounding in the Ukrainian capital more than an hour before the blasts. Ukrainian forces retook large areas around Kyiv in early April after Russia abandoned its push towards the capital. The Russian president has come under increasing pressure after suffering a series of military setbacks in recent weeks. He continued reshuffling his military leadership, appointing a new general to lead the war.

At least 23 people have gone missing in landslides that occurred in various places of Kalikot district. According to the District Police Office, Kalikot, landslides have occurred in Tilagufa Municipality, Sani Triveni Rural Municipality and Pachaljharana Rural Municipality among other places of the district. Suresh Rajbam, Information Officer at the District Police Office, Kalikot, said that 15 people have gone missing when a landslide hit Ranchuli of Tilagufa Municipality-4. He said that six people have gone missing when a landslide occurred at Balima in Tilagufa Municipality-7, one at Mundra in Sani Triveni Rural Municipality-9, and one at Simsela in Pachaljharana Rural Municipality-7. Police said that they are searching for the missing persons.