KATHMANDU — The Office of the Auditor General (OAG) has concluded in its report that MAW Vriddhi Autocorp Pvt. Ltd., a company linked to businessman Vishnu Agarwal, evaded customs duties worth billions of rupees while importing electric vehicles. The...

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...

Kathmandu — A demolition operation at a cremation ground in Bardiya has triggered political backlash and public outrage after videos surfaced online showing bulldozers tearing down structures while funeral rites were underway nearby. The issue was raised in Parliament...

Kathmandu — Citizen Life Insurance has been honored with the prestigious international title of ‘Best Life Insurance Company of the Year – Nepal’ under the 6th Emerging Asia Insurance Awards 2025. The award was announced during a grand ceremony...

Kathmandu — The commission expenses paid by 14 life insurance companies to their agents for business generation have increased by 12.04 percent in the third quarter of the current fiscal year 2025/26 (2082/83). According to the financial statements published...

Kathmandu — Nepal Insurance Authority Executive Director Sushil Dev Subedi has said that the fact that nearly half of the population still remains outside the scope of insurance is both a major challenge and a significant responsibility for the...

Kathmandu — Prabhu Mahalaxmi Life Insurance Limited has had its issuer rating reaffirmed based on its overall financial strength and continued business expansion. Credit rating agency ICRA Nepal has reaffirmed the company’s issuer rating at “ICRA NP-IR Triple B...

Kathmandu — Most microfinance financial institutions in Nepal have reported a strong improvement in earnings by the third quarter of fiscal year 2025/26 (2082/83). According to the unaudited financial statements released by all 50 listed microfinance companies, the sector’s...

Kathmandu — Himalayan Everest Insurance has received another significant milestone in financial credibility and business strength as it continues its rapid expansion in Nepal’s non-life insurance sector. Credit rating agency ICRA Nepal has assigned the company an “ICRA NP-IR...

Kathmandu — Life insurance companies have already published their financial statements for the third quarter. According to the data released by the companies, although most firms managed to maintain profit growth, the overall industry profit contracted as earnings of...