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The Nepal Stock Exchange (NEPSE) plunged by 40.57 points to close at 2,836.17 points on Sunday.

Similarly, the sensitive dropped by 7.73 points to close at 531. 92 points.

A total of 10,651,754 units of the shares of 228 companies were traded for Rs 5.83 billion.

Meanwhile, Nepal Hydro Developers Limited was the top gainer today with its price surging by 8.08 percent. Likewise, Wean Nepal Laghubitta Sanstha Limited was the top loser with its price dropped by 10 percent.

At the end of the day, the total market capitalisation stood at Rs 4.00 trillion.

The significant increase in the use of electronic media in financial transactions is due to the development of electronic payment infrastructure, incentives for e-transactions and increasing use of modern equipment by the general public.

According to the latest data released by the Nepal Rastra Bank, more than Rs 4.845 trillion has been transacted electronically in the last month of the current fiscal year alone. Of this, more than Rs 3.477 trillion has been transacted through RTGA alone.

According to the bank, the electronic turnover was more than Rs 2.37 trillion in the month of Mangsir in the last fiscal year.

While the use of electronic media in financial transactions is increasing significantly, fraud in various names is also on the rise. The NRB has advised the public to be vigilant and safe, saying that the temptation to cast lottery, misuse of mobile applications, solicitation of passwords and OTP from strangers on various pretexts has increased.

The central bank on Friday issued a notice to the public regarding the risks involved in conducting financial transactions through electronic means, urging users to pay special attention to electronic payments as complaints are being raised that criminal individuals and groups are using various electronic devices to defraud customers.

The central bank has asked people not to share their passwords, OTP or any other sensitive information, to change their passwords from time to time and to keep such passwords confidential. Similarly, if an unknown person requests the public to send money by sending a message through social media or any electronic medium, caution should be observed before responding to such requests.

Similarly, the bank has advised not to use unauthorized applications as the criminal group can find out its sensitive information while downloading unnecessary and unauthorized applications on mobile or other devices.

Meanwhile, the NRB has stated that complaints or grievances can be registered by contacting the banks and financial institutions and the NRB if there is any suspicion or complaint about fraud while conducting financial transactions through various channels. RSS

The Department of Revenue Investigation on Friday filed a case at the Patan High Court against four persons for evading the tax. 

The case has been filed against operator of Bring Media Distribution PVT. Ltd Chandra Bahadur Adhikari, manager of the same media Surendra Chhetri and Suman Chhetri.

Similarly, the Department has also filed the case against Anjali Arora, Propietor of Jupiter Media PVT. Ltd, India. Jupiter Media is the official distributor of Star India Pvt. Ltd for India in Nepal

The Department filed the case against them for evading tax worth Rs 182.783 million. 

Everest Outfit is rapidly gaining popularity for the range of quality and affordable jackets it manufactures and sells to both professional mountaineers as well as to common folks looking to escape the winter blues. Besides jackets, it also sells vests, hoodies, caps, pants and bandanas. But that is not its only claim to fame.

Tenzing Sherpa and Pasang Geljen Sherpa, two IFMGA-certified mountaineering guides, always felt they were paying a bit too much for their mountaineering gear. They thus wanted to offer more affordable gears to other mountaineers.

With that objective, they registered a company in 2019 and after two years of extensive research on mountain wear, the two officially founded Everest Outfit on 22 December 2020.

Again, Everest Outfit is a Made-in-Nepal clothing brand that caters to mountaineers, trekkers, porters, and even regular folks looking for quality winter-gear at an affordable price.

Designing comfortable yet fashionable clothes without compromising quality is what sets it apart. Using high-grade and authentic raw material, the company aims to provide functional, safe, warm, and comfortable clothes, all at a reasonable price.

Tenzing claims that most jackets found in Thamel are extremely expensive and have no proof of authenticity. Their goal, as a company, is to provide quality products at an affordable price, breaking the line between price and authenticity.

Tenzing explains that the foundation of any high-quality product is its raw materials. From using high-quality fabric to branded zippers, Everest Outfit takes even minute things into consideration before putting out final products. “We import authentic raw materials from overseas and manufacture our products in Nepal with well-trained workers,” he says.

The company has given each product a unique name based on a mountain or location in Nepal, which adds local flavor that people can take with them anywhere. Additionally, these products serve as souvenirs, allowing tourists to take back home a piece of Nepal with them.

With over 70 cloth varieties, Everest Outfit provides a wide range. Currently, its products are mainly associated with mountain expeditions—with only 30 percent devoted to lifestyle wear. In the near future, however, it plans on reversing this ratio: with 30 percent of clothing designed for mountaineering enthusiasts and 70 percent for casual wearers.

Five years down the line, it hopes to go international, shipping products to various parts of the world. As of now, it has two outlets in Thamel and Lukla, with two more outlets in Pokhara and Namche in the works.

“We intend to make the best possible local wear for both indoors and outdoors, based on our experience gained in the Himalayas,” says Pasang.

Everest Outfit garments are testified by professional mountain athletes— in fact, only after their approval are the products ready for sale. Mountain-excursions are not for the faint-hearted and involve numerous risks. Consumer safety is thus its number one priority.

Everest Outfit is fast gaining in popularity for the range of quality and affordable jackets it manufactures and sells to both professional mountaineers as well as to common folks looking to escape the winter blues. Besides jackets, it also sells vests, hoodies, caps, pants and bandanas. But that is not its only claim to fame.

Tenzing Sherpa and Pasang Geljen Sherpa, two IFMGA-certified mountaineering guides, always felt they were paying a bit too much for their mountaineering gear. They thus wanted to offer more affordable gears to other mountaineers.

With that objective, they registered a company in 2019 and after two years of extensive research on mountain wear, the two officially founded Everest Outfit on 22 December 2020.

Again, Everest Outfit is a Made-in-Nepal clothing brand that caters to mountaineers, trekkers, porters, and even regular folks looking for quality winter-gear at an affordable price.

Designing comfortable yet fashionable clothes without compromising quality is what sets it apart. Using high-grade and authentic raw material, the company aims to provide functional, safe, warm, and comfortable clothes, all at a reasonable price.

Tenzing claims that most jackets found in Thamel are extremely expensive and have no proof of authenticity. Their goal, as a company, is to provide quality products at an affordable price, breaking the line between price and authenticity.

Tenzing explains that the foundation of any high-quality product is its raw materials. From using high-quality fabric to branded zippers, Everest Outfit takes even minute things into consideration before putting out final products. “We import authentic raw materials from overseas and manufacture our products in Nepal with well-trained workers,” he says.

The company has given each product a unique name based on a mountain or location in Nepal, which adds local flavor that people can take with them anywhere. Additionally, these products serve as souvenirs, allowing tourists to take back home a piece of Nepal with them.

With over 70 cloth varieties, Everest Outfit provides a wide range. Currently, its products are mainly associated with mountain expeditions—with only 30 percent devoted to lifestyle wear. In the near future, however, it plans on reversing this ratio: with 30 percent of clothing designed for mountaineering enthusiasts and 70 percent for casual wearers.

Five years down the line, it hopes to go international, shipping products to various parts of the world. As of now, it has two outlets in Thamel and Lukla, with two more outlets in Pokhara and Namche in the works.

“We intend to make the best possible local wear for both indoors and outdoors, based on our experience gained in the Himalayas,” says Pasang.

Everest Outfit garments are testified by professional mountain athletes— in fact, only after their approval are the products ready for sale. Mountain-excursions are not for the faint-hearted and involve numerous risks. Consumer safety is thus its number one priority.

Kama Rita Sherpa, Everest Outfit's brand ambassador, holds the Guinness record for most Everest expeditions: 26 to date.

This has been a memorable journey for the Everest Outfit founder duo. Working as mountaineering guides and running a clothing business are two different things, they say, and they learn something new every day. “Being able to use our knowledge gained from all these years of experience is something we are very proud of,” says Pasang.