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...

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...

Kathmandu – What is being described as the largest case in Nepal’s insurance sector to date has been filed, with money laundering charges brought against 81 individuals and entities accused of manipulating the stock market. The case stems from allegations...

Kathmandu – Officials of the Nepal Insurance Authority and members of its board have been seen shifting responsibility to one another over the controversial cooling-off period imposed on insurance agents, a provision that has drawn strong criticism from agents across...

Pyongyang — Chinese President Xi Jinping’s arrival in Pyongyang this week is drawing attention across Northeast Asia, not because Beijing and North Korea lack contact, but because Xi rarely chooses to travel abroad for high-level diplomacy anymore. The visit...

Kathmandu —  IME Life Insurance Company Limited has achieved a significant milestone in its issuer rating. CARE Ratings Nepal has upgraded the company’s rating from CARE-NP BBB+ (Triple B Plus) to CARE-NP AAA- (Triple A Minus). According to the...