Kathmandu — Pakistan-based Habib Bank Limited has agreed to sell its entire stake of founder shares in Himalayan Bank Limited to National Life Insurance Company Limited. The transaction, involving 28,012,447 units of founder shares, has been proposed at a...

Kathmandu — Suryajyoti Life Insurance Company Limited successfully concluded its two-day flagship event, the ‘Star Agency Meet 2082’, in a grand manner at Hotel Mystic Mountain, Nagarkot. Held from Shrawan 18 to 19 (August 3 to 4), the program...

Kathmandu — Nepal SBI Merchant Banking Limited has been reappointed as the official share registrar for Sun Nepal Life Insurance Company Limited. The renewed appointment will take effect from Bhadra 1 (August 17), as per the agreement signed between...

Kathmandu — Prabhu Insurance Limited has once again secured a “Triple B Plus (Issuer)” credit rating from Infomerics Credit Rating Nepal Limited, reaffirming the company’s financial strength and operational stability. The company, which was founded in 1995, has maintained...

U.S. President Donald Trump has once again escalated trade tensions with India, warning of steep tariff hikes over its continued purchase of Russian oil. In a social media post, Trump accused India of profiting from Russian crude while ignoring...

Kathmandu — Today marks the final day for shareholders to apply for its ongoing rights share issuance. The insurer is offering a total of 1,42,79,312.48 units of rights shares at a face value of Rs 100 per share, under...

New Delhi – The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a hefty penalty of ₹5 crore on Policybazaar Insurance Brokers Pvt. Ltd. for multiple violations of regulatory norms, including biased product promotions and significant delays...

Kathmandu – The Nepal Insurance Authority has extended the deadline for foreign reinsurance brokers to establish branch or liaison offices in Nepal, granting an additional six months despite non-compliance with earlier directives. The extension allows reinsurance brokers until the...

Kathmandu – The Government of Nepal has amended three significant provisions in the Insurance Act 2079, marking a critical shift in how insurance claims, particularly unclaimed amounts, will be handled in the future. Through a bill introduced to amend...

Kathmandu — Protective Micro Insurance Limited successfully concluded its two-day annual review and strategic planning seminar for the fiscal year 2082/83. The program was held on Shrawan 16 and 17 (August 1 and  2) at Hotel Royal Villa Shivpuri...