Kathmandu — The credit rating of Nepal Reinsurance Company Limited has been downgraded. ICRA Nepal has lowered the company’s issuer rating from the earlier ‘Double A Minus’ level to ‘A’. At the same time, the company has been kept...

International — The United States and Iran are expected to sign a landmark Memorandum of Understanding in Switzerland on June 19 that would formally end hostilities between the two countries and open the door to comprehensive negotiations aimed at...

Kathmandu  — The Nepal Insurance Authority has issued letters suspending all chairpersons and directors of insurance companies who have been charged in criminal cases. According to sources, the Insurance Authority sent suspension notices yesterday evening to all chairpersons, directors, and...

Kathmandu — Surendra Thapa, CEO of Nepal Reinsurance Company, has finally been suspended. Thapa, who had been drawing a salary worth hundreds of thousands of rupees per month, is alleged to have played a role in actions that harmed...

Kathmandu — Stakeholders have expressed concern that the insurance industry itself could come under significant financial strain if insurance premiums for electric vehicles (EVs) are not increased. The issue was highlighted at a program organized yesterday in Kathmandu by...

Kathmandu — Credit rating agency CARE Ratings Nepal has reaffirmed the issuer rating of Reliable Nepal Life Insurance, maintaining its ‘CARE-NP A- (Issuer)’ rating. The rating indicates that the company provides an adequate degree of safety with respect to...

Kathmandu — Commercial banks have succeeded in earning nearly NPR 56.5 billion in profit during the first 10 months of the current fiscal year 2025/26(2082/83). According to data published by the Nepal Rastra Bank up to mid-May 2026 (end...

Kathmandu — Nepal Reinsurance Company has published its financial statements for the second quarter of fiscal year 2025/26. The company had been unable to release its financial statements earlier due to issues related to a disorganized audit process, but...

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...

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...