nepali rs 400 billion losses

Rescuers in Nepal have pulled a Chinese national alive from a hydropower tunnel. This rescue brings the total to three workers found after devastating floods occurred. A woman was also found alive in Nuwakot town and is being airlifted. Over 900 workers remain missing from 12 hydropower projects across Nepal. At least 1,300 people died in the recent floods which caused widespread damage. 05 Sep, 2026, 02:25 PM IST An Indian tunnel rescue team is working with the Nepal Army to drain the Chilime tunnel. Specialist personnel are digging deeper into the shaft and securing vulnerable sections. Engineering teams are constructing a temporary access track for heavy machinery. Local residents face immense loss as recovery efforts focus on restoring essential services. Authorities are also addressing health concerns and providing financial aid to affected communities. 05 Sep, 2026, 10:49 AM IST US lawmakers urged Secretary of State Marco Rubio to boost Nepal flood relief efforts. They requested deploying a Disaster Assistance Response Team for search and rescue operations. Additional humanitarian aid and reconstruction support were also strongly recommended by the group. The lawmakers emphasized using advanced US technology to locate missing individuals. 05 Sep, 2026, 08:07 AM IST US President Donald Trump plans to spend $400 million to $500 million from his super PAC. This significant funding aims to support Republican candidates in upcoming midterm elections. Trump stated his super PAC currently holds approximately $1 billion for such purposes. He assured that he controls this money and will spend what is necessary. Republicans are eager for this financial backing as control of Congress is at stake. 05 Sep, 2026, 07:24 AM IST Nepal's recent flood may cause over 20 billion Nepali rupees in insured losses. Hydropower projects sustained the most significant damage from the devastating event. Delayed repairs could trigger business interruption payouts for postponed plant operations. Nepal's small non-life market relies on domestic and foreign reinsurers. Insurers may review Himalayan infrastructure risks and increase premiums. 04 Sep, 2026, 08:49 PM IST Nepal's devastating floods could trigger more than 20 billion Nepali rupees ($132.3 million) in commercial insurance losses, with hydropower projects expected to account for most claims. Eleven projects in the affected region suffered damage, while insurers warn the disaster could prompt tighter coverage, higher premiums and stricter underwriting for Himalayan infrastructure. 04 Sep, 2026, 01:53 PM IST Sugar Cosmetics is raising fresh capital from existing investor A91 Partners at a valuation more than 80% below its peak. The funding comes as the D2C beauty brand battles mounting losses, falling revenues and the challenges of aggressive offline expansion. 04 Sep, 2026, 09:10 AM IST Sensex experienced a sharp 2,100-point drop during the closing auction session on expiry day, causing a massive surge in out-of-the-money put options. This volatility highlights ongoing concerns about the closing auction session's impact on index derivatives pricing. 03 Sep, 2026, 05:37 PM IST RBL Bank has broken out of a consolidation zone, with technical indicators pointing to improving momentum and a sustained bullish trend. The stock has found support near its 50-day EMA and moved above its 20-day EMA. Here's a Call Ratio Spread strategy for RBL Bank, with Rs 400 as the potential upside target. 03 Sep, 2026, 10:52 AM IST Shares of Swiggy experienced a decline following MSCI's decision to exclude the company from global indexes, prompted by its shift to full Indian ownership and control. The new foreign ownership constraints limit further investments. Swiggy is targeting robust adjusted EBITDA growth by FY31, even as it reported a net loss while revenues showed an uptick in Q1 FY27. 03 Sep, 2026, 09:23 AM IST Karnataka plans to expand Bengaluru's economy to $400 billion by 2037. The master plan aims to create millions of new jobs and boost key sectors. It seeks to drive private investment and finance urban transformation through land value capture. The region will be developed as a global hub for technology and advanced manufacturing. Public transport expansion and water security are also key components of this ambitious plan. 02 Sep, 2026, 09:34 PM IST Recent flash floods in Nepal and China killed over one thousand people. High mountain glaciers are melting, increasing flood frequency and intensity. Communities face repeated disasters with little time for recovery and adaptation. Climate change impacts are heightened in the Himalayas, causing complex cascading hazards. Stricter land-use rules and better warning systems are needed to mitigate future risks. 02 Sep, 2026, 09:30 AM IST Nepal's prime minister faces his first major test after a glacial collapse disaster. This catastrophe killed over one thousand people and left thousands more missing. Reconstruction costs are estimated to be in the billions of dollars for the nation. The disaster threatens the prime minister's reform agenda and economic development plans. This event also highlights Nepal's environmental fragility and climate change challenges. 02 Sep, 2026, 07:52 AM IST Nepal Prime Minister Balendra Shah has blamed climate change for last week's devastating Himalayan flood, calling it an 'extraordinary' disaster triggered by a glacial collapse. With at least 939 people dead and nearly 4,500 missing, Shah urged Nepal to press the international community for climate action and support. 01 Sep, 2026, 07:16 AM IST Nepal was burying on Monday some of the hundreds of bodies retrieved after a deadly, tsunami-like flood crashed through the Himalayan region, sweeping away villages and leaving thousands still missing. The huge wave of ice, rocks and debris that smashed into villages and towns on Wednesday claimed at least 797 lives in both Nepal and Tibet -- across the border in China -- with reports of some bodies possibly swept downstream as far as India. 31 Aug, 2026, 07:41 PM IST Nepal and China discussed disaster cooperation before a major flood event. Officials sought more data from China on glacier risks and water levels. A recent catastrophic mudslide killed hundreds and left many missing. China stated its data sharing has been timely and substantial progress was made. Nepal aims for more frequent data to prevent future disasters. 31 Aug, 2026, 01:03 PM IST India Post GDS Recruitment 2026 registration has started for 23,757 Gramin Dak Sevak posts. Check the circle-wise vacancy details, important dates, eligibility, application fee, selection process and key points to remember before submitting the form. 31 Aug, 2026, 11:49 AM IST Nifty hovered near 24,175, needing to clear 24,200 to regain strength. Analysts suggest bullish option spreads for rebounds and caution against a 23,900 break. HEG and Laurus Labs are recommended buys with specific targets and stop losses. Glenmark Pharmaceuticals and Shipping Corporation of India also present buying opportunities. Newgen Software and Elgi Equipments show positive chart setups for investors. 31 Aug, 2026, 08:50 AM IST DealShare, once valued at $1.7 billion, is in advanced talks to be acquired by online pharmacy Truemeds in a share-swap deal. The transaction would value DealShare at a little over its cash balance, while Truemeds would issue shares to its investors. The deal would mark a steep valuation reset for DealShare. 31 Aug, 2026, 06:00 AM IST Rescue operations in Nepal's Trishuli region are temporarily suspended due to heavy rainfall. Authorities have evacuated people from areas surrounding the rising river as a precautionary measure. Over fifteen thousand security personnel were deployed for search and rescue operations in affected areas. Many people have been rescued, including workers from hydropower tunnels and foreign tourists. Efforts are underway to restore essential services and coordinate international relief support. 29 Aug, 2026, 08:52 AM IST 320 Indian nationals remain uncontactable following devastating flash floods in Nepal. Fresh rescues and safe evacuations of stranded citizens have been reported by officials. India's relief efforts include sending a third flight with essential supplies to Nepal. The situation remains dynamic as authorities work to reconcile multiple lists of missing persons. Efforts are underway to trace and assist all affected Indian nationals. 28 Aug, 2026, 04:25 PM IST The United Kingdom has offered five million pounds and emergency responders to Nepal. Flash floods in the country claimed hundreds of lives and left many missing. British nationals are among those missing, prompting consular support deployment. The UK government expressed solidarity and offered comprehensive humanitarian aid. Global funds are already disbursing to support the ongoing disaster response efforts. 28 Aug, 2026, 11:23 AM IST Nepal police arrested two men after a video showed them stealing gold earrings. The incident occurred after devastating flash floods swept a woman away in the Narayani River. Authorities identified the suspects as Madan Gurung and Umesh Chaudhary. These arrests come as Nepal grapples with severe flood and landslide disasters. Rescue operations continue for over fourteen hundred people reported missing. 28 Aug, 2026, 09:33 AM IST