SARLAHI: The Mahalakshmi Sugar Mill located in Godaita Municipality in the southern part of Sarlahi has closed down for the year without paying dues to farmers Administrative Manager Birendra Kumar Shrivastav informed that the mill, which started processing sugarcane from December 20, shut down for the rest of this Nepali year after processing 890,000 quintals of sugarcane, TRN reported But still the farmers have not been paid their dues Farmers said that the mill only paid for the sugarcane processed in the first five days Shrivastav said that the process to clear the remaining dues would begin in a few days Godaita Municipality [...]

KATHMANDU: Jyoti Life Insurance Company Ltd has issued public initial offerings (IPO) starting today According to the company, it has issued 6,600,000 units of shares worth Rs 660,000,000 Of the total IPOs issued, 333,000 (5%) units of shares have been allotted for staffers of the company and the same amount of shares (5%) have been put aside for collective investment fund People in general can subscribe for 5,940,000 units of shares The applicants can apply for minimum 10 units of shares to maximum 66,000 units of shares until March 10 starting today Currently, the company has Rs 1,540,000,000 as the paid-up capital With the allotment of the IPO, its paid-up capital will reach [...]