KATHMANDU: The European Union is planning to introduce a new “Made in Europe” small electric car category to support regional automakers amid rising competition from affordable Chinese EVs. Under the proposal, small electric cars built in Europe and below a…

KATHMANDU: The Election Commission has tightened rules on vehicle use during elections. The new rules will apply to the House of Representatives elections on March 5, 2026. According to the proposed code of conduct, candidates must take prior permission to…

KATHMANDU: The U.S. Delaware Supreme Court has restored Elon Musk’s 2018 Tesla CEO Compensation plan, ending a major legal dispute over executive pay. The performance-based pay package was approved by Tesla shareholders in 2018. It was originally valued at about…

KATHMANDU: The European Union is preparing to soften its 2035 ban on new petrol and diesel cars amid pressure from automakers and key member states, including Germany and Italy. According to global media reports, the European Commission may allow carmakers…

KATHMANDU: Nepal Rastra Bank (NRB) has tightened rules on vehicle and other retail loans, requiring banks and financial institutions to continuously monitor borrowers’ debt-to-income (DTI) ratios throughout the loan period. In a circular issued on Monday, the central bank directed…