NPR 475.50
-10.00 (-2.06%)Himalayan Re-Insurance Limited changed its share registrar from Himalayan Investment Banker to Himalayan…Himalayan Re-Insurance Limited changed its share registrar from Himalayan Investment Banker to Himalayan Securities Banker, effective from the board meeting held on Ashwin 29, 2083 B.S.
Himalayan Re-Insurance's share price has plummeted by 50.74 percent to Rs 468 following the arrest of key…Himalayan Re-Insurance's share price has plummeted by 50.74 percent to Rs 468 following the arrest of key promoters Deepak Bhatt and Sulabh अग्रवाल amid investigations into financial irregularities and artificial market inflation, causing massive losses for retail investors. (Bhadra 21, 2083 not converted to Gregorian calendar; figures derived directly from text: share price dropped to Rs 468, low of Rs 462, all-time high of Rs 950). Note: surname 'अग्रवाल' kept as written in Nepali context per prompt constraints on names, or translated as Agarwal if transliterated, but summary uses English representation as per instructions. Let's make sure summary is clean English: Himalayan Re-Insurance's share price has plummeted by 50.74 percent to Rs 468 following the arrest of key promoters amid investigations into financial irregularities, causing massive losses for retail investors, with the stock falling from an all-time high of Rs 950 to a low of Rs 462.
Insurance companies' investments in listed ordinary shares reached over Rs 55.19 billion by the end of fiscal…Insurance companies' investments in listed ordinary shares reached over Rs 55.19 billion by the end of fiscal year 2082/83, with life insurers leading the sector with Rs 44.49 billion, according to recent data detailing individual company portfolios and mutual fund allocations.
Insurance companies increased their total investments in listed shares to Rs 55.19 billion by the end of…Insurance companies increased their total investments in listed shares to Rs 55.19 billion by the end of fiscal year 2082/83, according to the Nepal Insurance Authority data. Himalayan Life Insurance holds the largest equity investment at Rs 10.10 billion, followed by other major life and non-life insurers and reinsurers expanding their market exposure.
Non-life insurance and reinsurance companies' stock prices have faced downward pressure due to massive…Non-life insurance and reinsurance companies' stock prices have faced downward pressure due to massive disaster claims from recent floods and unrest, though analysts view the long-term potential positively.
Himalayan Re-Insurance Limited chairman and several high-ranking officials have resigned amid internal…Himalayan Re-Insurance Limited chairman and several high-ranking officials have resigned amid internal instability and regulatory pressure from the Nepal Insurance Authority, raising concerns over corporate governance and operational continuity. Nepali date: चैत (Chaitra). English date not stated in the text; dates are referred to as 'गत चैत' and 'पछिल्लो केही महिनायता'. Figures: none stated for the main event other than numerous departures of officials without specific quantities or monetary figures given for the resignations. Wait, no figures are given in the article for the main event, so figures object is empty or contains nulls as per instructions. Let's make sure no figures are guessed. Figures: none listed. Wait, I will leave figures empty or with nulls. Let's output empty figures object or omit null fields as per schema. The schema allows nulls or omitting. Let's put empty object or fields as null where appropriate, or just omit properties since they are optional properties in the object. Actually, all properties in figures are optional or accept null. Let's omit them or provide nulls. Let's use an empty object {} for figures as there are no figures stated for the main event (no bonus_pct, cash_pct, eps_npr, fiscal_year, issue_price_npr, issue_units, net_profit_npr, oversubscribed_x, rating, rights_pct). Wait, the summary should be at most 50 words: 'Himalayan Re-Insurance Limited chairman and several top officials have resigned, highlighting ongoing management instability and governance concerns at the company.' Let's check word count: 21 words. Perfect. Reason: 'The article reports on the resignation of the chairman and multiple board and management officials of Himalayan Re-Insurance Limited.' Let's re-check all rules.
Himalayan Re-Insurance handed over Rs 10 million to the Finance Ministry for Bhote Koshi flood relief.Himalayan Re-Insurance handed over Rs 10 million to the Finance Ministry for Bhote Koshi flood relief.
Floods in Rasuwa have negatively impacted hydropower and insurance stocks while driving investor interest and…Floods in Rasuwa have negatively impacted hydropower and insurance stocks while driving investor interest and price gains in cement companies like Ghorahi Cement and Shivam Cements due to expected reconstruction demand.
Himalayan Re-Insurance Limited reported a net loss of Rs 2.33 billion for the fourth quarter of the fiscal…Himalayan Re-Insurance Limited reported a net loss of Rs 2.33 billion for the fourth quarter of the fiscal year 2082/83, with earnings per share at a negative Rs 21.50.
Himalayan Re-Insurance Limited reported a net loss of Rs 2.33 billion for the fiscal year 2082/83, with its…Himalayan Re-Insurance Limited reported a net loss of Rs 2.33 billion for the fiscal year 2082/83, with its earnings per share turning negative at Rs 21.50.
Special Court ordered a cash bail of Rs 10 million for Rishiraj Mor in a money laundering case involving…Special Court ordered a cash bail of Rs 10 million for Rishiraj Mor in a money laundering case involving alleged share price manipulation and fund misuse at Himalayan Re-Insurance Limited (HRL). Sector: NEPSE, Event: Legal, Relevance: 2, Figures: Bail Rs 10 million, Claim Rs 3.78 billion. Date: Shrawan 21 (implied). Note: HRL is the subject company linked to the manipulation allegations discussed in court proceedings involving its funds, making the news market-relevant for regulatory and compliance oversight on NEPSE listed entities, though the direct action is against an individual under anti-money laundering laws. Wait, let's keep figures minimal as per instructions. Let's write a concise summary: Special Court ordered a Rs 10 million bail for Rishiraj Mor in a money laundering case related to alleged share price manipulation of Himalayan Re-Insurance Limited (HRL). Amount claimed is Rs 3.78 billion.
The Supreme Court ordered that insurance companies cannot issue IPOs at a premium in the future and directed…The Supreme Court ordered that insurance companies cannot issue IPOs at a premium in the future and directed Himalayan Re-Insurance Limited to place its previously collected premium amount into a reserve fund.
The Supreme Court has issued a directive ordering Himalayan Re-Insurance, Nepal Insurance Authority, and SEBON…The Supreme Court has issued a directive ordering Himalayan Re-Insurance, Nepal Insurance Authority, and SEBON to ensure that amounts collected above face value through premium share issuance are kept in a separate reserve fund rather than being distributed.
The Kathmandu District Court has ordered bail for businessmen Dipak Bhatt and Sulab Agrawal in securities and…The Kathmandu District Court has ordered bail for businessmen Dipak Bhatt and Sulab Agrawal in securities and insurance-related cases, which includes a separate bail requirement for share sales involving Himalayan Re-Insurance.
Commercial banks have accumulated a total of Rs 45.99 billion in non-banking assets due to economic slowdown…Commercial banks have accumulated a total of Rs 45.99 billion in non-banking assets due to economic slowdown, with Himalayan Bank and Global IME Bank holding the highest amounts.
Himalayan Re-Insurance has appointed Mukesh Kumar Kapur as its acting CEO following the absence of former CEO…Himalayan Re-Insurance has appointed Mukesh Kumar Kapur as its acting CEO following the absence of former CEO Upasana Paudel.
Himalayan Re-Insurance Limited reported a net loss of Rs 44.3 million for the third quarter of the fiscal…Himalayan Re-Insurance Limited reported a net loss of Rs 44.3 million for the third quarter of the fiscal year, alongside a negative EPS of Rs 0.54 and regulatory suspension of its reinsurance business until the end of Ashad.
Nepal Insurance Authority restricted Himalayan Re-Insurance Limited from undertaking new reinsurance business…Nepal Insurance Authority restricted Himalayan Re-Insurance Limited from undertaking new reinsurance business until the end of fiscal year 2082/83, raising regulatory debates over whether its stock trading should be suspended.