Author: Himalaya Post

Kathmandu – ICRA Nepal Limited has upgraded the credit ratings of MAW Hire Purchase Private Limited (MHPL), reflecting improved financial performance and stronger asset quality. The company’s long-term loan rating has been raised to LBBB- from LBB+, while its short-term rating has improved to A3 from A4+. The rating action highlights MHPL’s steady progress in strengthening its overall credit profile. The company has shown notable improvement in asset quality, supported by better recovery mechanisms and the use of technology-driven controls, particularly in its growing mobile phone financing segment. MHPL continues to maintain healthy profitability levels. Its net interest margins...

Kathmandu- The Industrial Enterprise Development Institute (IEDI), Government of Nepal, has selected ICT Foundation Nepal (IFN) to implement the Business Incubation Service (BIS) Operation and Management Program. Under this initiative, IFN will run the Digital and IT-enabled Startup Incubation Program to support more than 50 early-stage startups based in Kathmandu Valley (Bagmati Province) and Itahari (Koshi Province). The program, which will run from March to June 2026, will be conducted in a hybrid model. Participating startups will receive one-to-one mentorship from experts, capacity building, business development and validation support, and investor readiness preparation. According to the organizers, this incubation...

Kathmandu – MAW Vriddhi, the authorized distributor of Foton Motor in Nepal, has achieved a landmark milestone in the country’s journey toward sustainable urban infrastructure, the delivery of 11 units of the customized Foton TM1 electric waste collection vehicle to Lalitpur Metropolitan City. This marks the first-ever deployment of electric vehicles for municipal waste management in Nepal, a historic step that redefines what commercial EVs can accomplish beyond roads and cargo. This delivery is more than a fleet handover, it is a demonstration of Foton’s capability to engineer purpose-built solutions for real-world civic needs. The TM1 units supplied to...

Kathmandu- Nepal has achieved a remarkable double victory on the international stage, with Nepali professionals securing top honours at two prestigious global competitions held at Hotel Sheraton, Indore. This milestone reflects the growing capability, competitiveness, and global presence of Nepal’s workforce. At EMTECH 2026, one of the most competitive global technical innovation contests, Team Gurkhas from Nepal emerged as the Global Winner. Competing against 120 teams from 12 countries, the team demonstrated exceptional technical expertise and innovation to secure the top position. The winning team members are: Sujit Kumar Das Niraj Kumar Mandal Bikram Sapkota Damodar Bhatta Their achievement...