Thursday 20th March 2025
Kathmandu – Families of the victims of the Saurya Airlines plane crash have yet to receive insurance compensation even eight months after the tragedy, raising concerns about delays and negligence from both the airline and government agencies. The National Human Rights Commission has shown interest in investigating the issue,...
Kathmandu – Sun Nepal Life Insurance has received approval from the Nepal Securities Board to issue 27% rights shares. The company will offer 10,696,320 shares to existing shareholders in a 1:0.27 ratio. The rights shares will be issued at a face value of NPR 100 per share, amounting to...
Kathmandu – Prabhu Mahalakshmi Life Insurance Company Limited has announced the sale of 274,201 founder shares, registered under the names of five different founder shareholders. The company had initially offered these shares to its existing founder shareholders. However, after the shares remained unsold, the company has now invited the general public to purchase them. Interested investors are required to submit their applications at the...
Kathmandu – Today marks the final day for shareholders of Nepal Insurance Company Limited to secure dividends for the current financial year. The company will close its book on March 20 for the purpose of the 76th Annual General Meeting (AGM) and dividend distribution. Only shareholders holding shares until today will be eligible to attend the AGM and receive...
Editorial The recent case of Surya Prasad Silwal, a central figure accused of institutional corruption in Nepal’s insurance sector, marks a pivotal moment for the Nepal Insurance Authority (NIA). With the Commission for the Investigation of Abuse of Authority (CIAA) formally filing a case against him, the curtain has fallen on a regime that many believe embodied a deep-seated...
Zurich (Reuters) – Swiss Re, one of the world’s largest reinsurance companies, has announced an agreement to sell 11,647,217 common shares of Definity Financial, representing approximately 10.05% of Definity’s issued and outstanding common shares as of March 17, 2025. The shares are being sold by Swiss Re Investment Holdings Company through an underwritten block trade at a price of...
Kathmandu – Commercial banks in Nepal have witnessed a notable rise in both deposits and loans during the first eight months of the current fiscal year 2081/82. According to data from the Nepal Bankers Association, deposit collection increased by 5.62%, while lending grew by 6.12% during the period. As of the end of month of Ashar (mid-July, 2024) 2080/81, commercial banks had collected a total of Rs 5.715 trillion...
