Nepse plunges by 15. 57 points on Tuesday
The Nepal Stock Exchange (NEPSE) plunged by 15. 57 points to close at 2, 677. 55 points on Tuesday.
Similarly, the sensitive index dropped by 3. 41 points to close at 446. 86 points.
A total of 10,670,649-unit shares of 320 companies were traded for Rs 5. 79 billion.
Meanwhile, Guardian Micro Life Insurance Limited (GMLI) was the top gainer today with its price surging by 10. 00 percent. Likewise, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) was the top loser with its price dropped by 5. 96 percent.
At the end of the day, the total market capitalization stood at Rs 4. 44 trillion.
China successfully launches test satellite for satellite internet technology
China successfully sent a test satellite for satellite internet technology into space from the Jiuquan Satellite Launch Center, located in the country's northwest, on Tuesday.
The satellite successfully achieved the intended orbit after being launched by a Long March-2D carrier rocket at 12:00 p.m. (Beijing Time), according to Xinhua.
Technical verification and experimentation, such as mobile-to-satellite broadband connections and space-ground network integration, are the main uses of test satellites for satellite internet technologies.
The launch marks the 567th mission for the Long March series carrier rockets, Xinhua reported.
Nepal grateful to UAE for granting amnesty to 166 Nepali inmates
The Government of Nepal has extended its sincere gratitude to the Government of the United Arab Emirates (UAE) for the amnesty generously granted to 166 Nepali inmates on the happy occasion of the Holy Month of Ramadan and the festival of Eid.
The Ministry of Foreign Affairs said in a press release today that it highly values this kind of gesture of pardon on the basis of humanitarian ground as an epitome of cordiality in the bilateral relations between Nepal and the United Arab Emirates.
The decision of amnesty and pardon was taken following the request of the Government of Nepal made through the Embassy of Nepal in Abu Dhabi, United Arab Emirates.
PM Oli leaves for Thailand to attend BIMSTEC Summit
Prime Minister KP Sharma Oli has left for Thailand on Tuesday.
He departed for Bangkok, capital of Thailand, on Thai Air to attend the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit.
Deputy Prime Minister Prakash Man Singh, Home Minister Ramesh Lekhak, Tourism Minister Badri Pandey and chiefs of security agencies had reached Tribhuvan International Airport to bid farewell to Prime Minister Oli.
An army troupe accorded the Prime Minister a guard of honor.
Foreign Minister Arzu Rana Deuba, Prime Minister Oli’s chief advisor Bishnu Rimal, Economic Advisor Dr Yuvaraj Khatiwada, Chief Secretary Ek Narayan Aryal and Foreign Secretary Amrit Kumar Rai among government officials are in the visiting delegation.
During the visit, PM Oli will hold meetings with the King of Thailand and his Thai counterpart. Two MoUs related to tourism and culture will be signed during the visit.
Similarly, six MoUs will be signed between the non-governmental sectors in the presence of the Prime Ministers of the two countries.
On the occasion, PM Oli said that he would hold discussions with eminent businessmen of Thailand and address a program to be organized at the Asian Institute of Technology.
Prime Minister Oli is scheduled to address the BIMSTEC Summit on April 4. Similarly, according to PM Oli, he will hold sideline talks with the leaders of the member countries coming to participate in the Summit as far as possible.
South Korean court sets date for Yoon Suk-yeol impeachment ruling
South Korea's Constitutional Court will issue its long-awaited ruling on President Yoon Suk-yeol's impeachment Friday, months after he was suspended for declaring martial law.
Yoon's December 3 attempt to subvert civilian rule plunged South Korea into political chaos, after he sent armed soldiers into parliament, Aljazeera reported.
Lawmakers disobeyed the army by voting against the measure and impeaching Yoon shortly after, but months of political unrest have harmed South Korea's economy and put the country in leadership uncertainty, even as US President Donald Trump targets the region with tariffs.
The court convened weeks of impeachment proceedings to decide whether to officially remove Yoon from office, and then spent weeks to deliberate on the matter, sparking speculation that the justices were in deep disagreement, according to Aljazeera.
Yoon, who was elected in 2022 despite having no prior political experience, is also facing criminal charges for rebelling over the edict.
Despite the fact that a number of South Korea's democratic-era leaders have been imprisoned for crimes committed after their terms ended, Yoon is the first president to face charges while in office.
Winter session ends with passing condolence motion on Bohara's demise
The winter session of the House of Representatives (HoR) ended today endorsing a condolence motion on the demise of lawmaker Deepak Bohara.
In the today's session of the lower house, Speaker Devraj Ghimire tabled the condolence motion on the passing of Bohara and it was followed by the unanimous endorsement.
Bohara, a member of the House of Representatives from the Rastriya Prajatantra Party (RPP), passed away this morning at the age of 76.
Suffering from various illnesses for the last three years, he died while undergoing treatment at Om Hospital.
In the meeting, the Speaker shared information about those lawmakers remaining absent in the HoR winter session 10 times or more than that due to various reasons.
He also apprised the session of a letter received from the Office of the President regarding the prorogation of the Federal Parliament's current session by midnight today.
A meeting of the Council of Ministers on Monday had decided to recommend to President Ram Chandra Paudel for the prorogation of the current session of both Houses of Parliament to be effective from midnight today.
With this, the Speaker also announced the prorogation of the HoR session from midnight today.
Nikita Nepal: An orthodox tea entrepreneur’s story of passion and innovation
Nikita Nepal is a visionary young female Entrepreneur who transformed a deep-rooted passion for orthodox tea into a thriving business empire. Born and raised amidst the rolling hills and lush tea garden, Nepal developed an early fascination for the intricate art of tea cultivation and preparation. From the verdant tea plantation of Fikkal (Ilam), Nepal developed a deep appreciation for the intricate nuances of orthodox tea production.
Born and raised in a small village, Nepal’s journey is a testament to resilience, ambition, and entrepreneurial spirit. Her pursuit of education took her from her hometown to Kathmandu, where she completed her higher studies, and later to Pokhara University for a BBA. Determined to expand her horizons, she further earned an MBA from Shinawatra University in Thailand. From a young age, she displayed a keen business sense—starting with small ventures like selling newspapers and gas cylinders. However, it was after graduation that she identified a significant gap in Nepal’s tea industry. Inspired by her vision to bring premium, authentic flavors to the market, she founded Aroma Tea, a brand that embodies quality, sustainability, and the rich heritage of Nepali orthodox tea. Her journey from a small-scale entrepreneur to an industry innovator showcases the power of dedication, foresight, and the courage to chase one’s dreams.
Nepal’s entrepreneurial journey is a story of vision, determination, and strategic growth. After completing her MBA, she set out to transform her business ideas into reality. In 2018, she founded Aroma Girls Hostel, providing safe and comfortable accommodation for students and working women. A year later, driven by her passion for business, she ventured into trading under the name Nepal Aroma Traders, expanding her footprint in the market. Recognizing the need for quality packaging solutions, she further established the Aroma Packaging Industry, reinforcing her commitment to innovation and excellence. Through Aroma Group, Nepal has built a dynamic enterprise that spans multiple sectors, reflecting her entrepreneurial acumen and unwavering dedication to creating impactful businesses.
Under Aroma Tea, Nepal has curated a diverse range of premium tea products that capture the essence of Nepal’s rich tea heritage. Specializing in orthodox leaf tea, the brand offers exquisite varieties such as Golden Tea/Needle, White Tea/Needle, Green Tea, and Black Tea, each crafted with precision and care. Expanding into convenience and flavor, Aroma Tea also features a collection of 22 naturally infused tea bag variants, including Chamomile, Jasmine, Cardamom, Tulsi, Mint, Lemongrass, Cinnamon, and more—available in both green and black tea options. To cater to the lovers of bold and aromatic blends, the brand also presents its signature Premium CTC Masala Tea, a perfect fusion of strong flavors and traditional spices. With this extensive range, Aroma Tea continues to redefine Nepal’s tea industry, offering a perfect brew for every tea enthusiast.
Nepal’s expertise in the tea industry is backed by extensive training and hands-on experience in tea processing, marketing, and branding. In December 2024, she completed a 25-day Training Course on Tea Processing Technology and Tea Industry Promotion at Zhangzhou College of Science and Technology, China. This intensive program provided in-depth knowledge on tea art, tea marketing, tea plantation, tea manufacturing, and branding, strengthening her ability to innovate in the sector. Additionally, in January 2023, she underwent specialized training in Tea Tasting and Blending in India, further refining her skills in crafting high-quality blends. With a strong foundation in both technical and business aspects of tea, Nepal continues to drive Aroma Tea toward excellence, combining tradition with modern innovation.
Through Aroma Group, Nepal has successfully built a diverse business portfolio, with Aroma Tea at its heart—offering premium orthodox teas, natural tea bag infusions, and rich CTC masala blends. Her extensive training in Nepal, India, and China has equipped her with deep expertise in tea processing, branding, and marketing, allowing her to elevate Nepalis tea on a global scale. With a vision for excellence and sustainability, Nepal continues to redefine the industry, proving that dedication and foresight can turn a simple idea into a thriving legacy.
Nepal's Ambassador to Portugal Paudel presents credentials
Nepal's newly appointed ambassador to Portugal, Prakash Mani Paudel, presented his Letter of Credence to President of Portugal, Marcelo Nuno Duarte Rebelo de Sousa.
The ambassador presented his credentials amidst a function at the Lisbon-based Presidential residence and office Belém Palace on Monday.
After this, the ambassador paid a courtesy call on the Portuguese President.
On the occasion, the discussions between the two were focused on further consolidating Nepal-Portugal ties and enhancing the level of mutual interest and cooperation. Nepal has urged Portugal to establish the Embassy of Portugal in Nepal and cooperate with it in the promotion of trade and tourism.
The Portuguese President congratulated Paudel on his assumption of the post, wishing him a successful term.
Ambassador Paudel was accompanied by his spouse Rupa Paudel and embassy's second secretary Ram Babu Nepal on the occasion. Appointed as the Ambassador to Portugal in December, Paudel arrived here to assume office on March 6.
It may be noted that Nepal had established its embassy in Portugal in February.
Nuno Sampaio, Secretary of State for Foreign Affairs and Cooperation of Portugal and the Portuguese government representatives were also present on the occasion.