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Prabhu Mahalaxmi Life Insurance Rating Reaffirmed at [ICRANP-IR] BBB
ICRA Nepal reaffirms BBB- rating for Prabhu Mahalaxmi Life, citing strong 28.89% net premium growth and a robust claim settlement ratio.
3 months ago
Bullion Surge: Gold Gains Rs 4,400 in Single-Day Trading
Gold and silver prices trended upward today, with gold hitting Rs 302,900 and silver rising to Rs 5,695.
3 months ago
Finance Minister Shuts Down Rumors of Secret 'Hit List' to Arrest Businessmen
Finance Minister Dr. Swarnim Wagle has dismissed rumors of a government crackdown on the private sector, identifying businessmen as essential partners in building a $100 billion economy.
3 months ago
Massive Fraud Exposed: Two More Arrested in Plot to Illegally Auction State-Owned Telecom Assets!
Nepal Police have arrested two individuals for attempting to illegally auction assets of Smart Telecom that are currently under government control. The suspects face charges of fraud and criminal breach of trust related to the unauthorized disposal of state property.
3 months ago
Rich on Paper, Empty in Pocket: The Alarming Profit-Cash Gap Crippling Nepali Banks
Nepali commercial banks are reporting high net profits while facing negative distributable profits and cash flow issues due to unpaid interest and rising bad loans.
3 months ago
Gold Prices Skyrocket: Massive NPR 3,800 Surge Hits the Market in Just One Week!
The price of gold in Nepal increased by NPR 3,800 per tola over the past week, reaching nearly NPR 300,000 despite significant mid-week fluctuations.
3 months ago
NEPSE Inches Upward with 7-Point Gain Despite Massive 35% Slump in Trading Volume
The Nepal Stock Exchange (NEPSE) index closed slightly higher at 2,745.65 points this week, even as average daily turnover saw a significant decline of over 35%.
3 months ago
The NEPSE Trap: Why Your Stock Market 'Plan A' is Failing and Why You Need an Urgent 'Plan B'
As the Nepali stock market faces a massive slump in trading volume and investor confidence, analyst Samir Jung Khadka explains why traditional strategies are failing and how to navigate the current psychological slump.
3 months ago
Regulatory Hammer Falls: Sagarmatha Lumbini Insurance and Lord Buddha Reinsurance Broking Hit With Fines!
The Nepal Insurance Authority has imposed cash penalties on Sagarmatha Lumbini Insurance and Lord Buddha Reinsurance Broking for violating regulatory directives and the Insurance Act.
3 months ago
Desperate Families Scavenge for Bricks as Kathmandu Bulldozers Level Riverfront Squatter Settlements
Hundreds of families displaced by Kathmandu's demolition drive are struggling to salvage building materials from the ruins of their homes amidst heavy rainfall.
3 months ago
Major Breakthrough in MRP Standoff: Importers Exempt from Labeling at Customs Points for Now!
The Nepal government has temporarily eased mandatory MRP labeling requirements at customs points, allowing importers to clear goods through self-declaration. This move aims to resolve a heated dispute between authorities and the business community over logistical challenges and infrastructure.
3 months ago
Massive Foreign Job Scam Busted: Five Arrested for Swindling Millions with False Promises of Overseas Employment
Nepal Police have arrested five individuals for allegedly defrauding job seekers of millions of rupees by promising lucrative employment opportunities in countries like the USA, Japan, and South Korea.
3 months ago