Saturday 13th June 2026
Elon Musk has reached a financial milestone that highlights the scale of his business empire and the growing influence of founder-led mega corporations. Following SpaceX’s debut on public markets and a surge in valuation, Musk is now widely described in investor estimates as the world’s first trillionaire on paper....
Kathmandu – The investigation into what is being described as the largest scandal in Nepal’s insurance history has concluded. Following an investigation by the Central Investigation Bureau (CIB), a case was filed yesterday at the Kathmandu District Court. A total of 42 individuals, including former chairmen of the Nepal Insurance...
Kathmandu – Former Sulabh Agrawal, chairman of Himalayan Life Insurance Limited, and the company’s former Chief Executive Officer Manoj Kumar Lal Karn have been found to have misused funds from the life insurance fund. According to the findings, Deepak Bhatt, Sulabh Agrawal, and groups of institutional and individual investors allegedly coordinated efforts to influence the market price of Nepal Reinsurance Company Limited shares. The...
Kathmandu — In the first 10 months of fiscal year 2025/26, life and non-life insurance companies have paid out nearly Rs 58 billion in claim settlements. According to data published by the Nepal Insurance Authority for the period up to April of the current fiscal year, insurers have paid a total of Rs 57.975 billion in insurance claims. Insurance...
Editorial For the Nepal Insurance Authority (NIA), the past seven months have been marked not by regulatory breakthroughs, but by turmoil. The nation’s apex insurance watchdog has seen two of its most senior leaders fall under scrutiny—one acquitted, the other suspended—and now stands cautiously under interim leadership. These events, unfolding one after another, have exposed not just the fragility...
Kathmandu – Himalayan Reinsurance Limited has published its financial statements for the third quarter of the current fiscal year (mid-July to mid-April). According to the report, the company recorded a net loss of NPR 44.3 million as of mid-April, compared to a net profit of NPR 989.3 million during the same period of the previous fiscal year. The company’s...
Kathmandu — A branch manager of Global IME Bank has been found dead in an apparent suicide after posting a message on social media targeting the bank’s top management. The deceased, Pitambar Khadka, reportedly shared a Facebook post on May 18 in which he wrote “You bastard killed me” and posted photos of the bank’s Chief Executive Officer Surendra Raj Regmi along with several senior officials. The post also...
