Fortune Nepal, Pulchowk, Kathmandu (2026)

05/06/2026

The Department of Hydrology and Meteorology (DHM) has issued a special heatwave bulletin, urging residents in several southern districts of Nepal to remain cautious as temperatures continue to rise. The department’s Meteorological Forecast Division warned that parts of the Terai region are likely to record temperatures of 38 °C or above over the next three days, with moderate heatwave conditions expected in parts of Madhesh and Lumbini provinces.

Fourteen districts, including Parsa, Bara, Rautahat, Sarlahi, Dhanusha, Siraha, Saptari, Banke, Bardiya, Dang, Kapilvastu, Rupandehi and Nawalparasi (West), have been placed under an orange alert, while seven others remain under yellow alert. Temperatures have already reached 41°C in Bhairahawa and 40°C in Nepalgunj, with the DHM advising people to avoid prolonged sun exposure, stay hydrated, wear light clothing and take precautions against heat-related illnesses.

05/06/2026

Popular streamer and YouTuber IShowSpeed has received a major boost ahead of the 2026 FIFA World Cup after his song “Champions” was selected for the tournament’s official album. Speed revealed that the World Cup’s official X account contacted him directly to confirm the inclusion, following strong fan support for the track to be featured in the global football event.

Released on May 31, 2026, “Champions” quickly gained attention among football fans with its high-energy style and stadium-inspired vibe. The track has already become a viral success, with its music video crossing 21 million views and more than 2 million likes on YouTube. The song became a viral sensation shortly after launch, with many supporters describing it as a potential anthem for the World Cup. The achievement further highlights Speed’s connection with football culture, where he is widely known for his passion for the sport and support for Cristiano Ronaldo.

05/06/2026

Tribhuvan International Airport (TIA) has announced that vehicles used for passenger pick-up and drop-off will no longer be charged parking fees for up to 15 minutes, in a move aimed at improving convenience for travelers. The airport office has implemented the arrangement after extending the previous free limit of seven minutes, which officials said was insufficient to accommodate passenger needs.

According to TIA spokesperson Sanjay Kumar, the revised provision will be enforced on a trial basis for one month, during which strict action will be taken against any unauthorized collection of parking fees. He added that the decision was made to ensure smoother traffic flow and better service for passengers using the airport’s ‘pick and drop’ facility.

Source: Nepal News

05/06/2026

Global ride-sharing company Uber has officially started its services in Nepal from today, marking the country as its 11th market in the Asia-Pacific region. The company announced the launch during an event held in Kathmandu, where senior government officials, including secretaries from the Ministry of Tourism and the Ministry of Infrastructure Development, were present. The company was officially registered in Nepal on July 16, 2017, marking its early entry into the regulatory framework before launching operations this year.

The company has introduced Uber Go and Uber Comfort for four-wheelers, along with Uber Bike for two-wheelers, aiming to provide passengers with a simple, reliable, and convenient transport option through its app. Dominic Tyler, Uber’s APAC Regional General Manager (Rides), said Nepal is an important market for the company given its improving digital accessibility and tourism-driven mobility needs. Uber currently operates in more than 70 countries worldwide and said its platform will connect Nepali users to its global network of transportation services.

05/06/2026

Nepal’s hospitality sector is poised for a major uplift as David S. Marriott, Chairman of Marriott International, is scheduled to visit Kathmandu on June 7 for the signing of a strategic partnership with CG Hospitality Global, the hospitality arm of the Chaudhary Group. The agreement will formally introduce the ultra-luxury Ritz-Carlton brand to Nepal, marking a key milestone for the country’s tourism industry. The signing ceremony will be held in Kathmandu in the presence of senior representatives from both sides.

CG Hospitality Global, a leading international hospitality investment and management arm of Chaudhary Group, has been rapidly expanding its global footprint in recent years through collaborations with major global hotel brands. The company currently operates a portfolio of more than 230 hotels and resorts across 12 countries and over 130 destinations. Under the new project, The Ritz-Carlton Kathmandu, CG Hospitality will lead the development in partnership with Marriott International. The project will be built in the Thamel area and will include a 150-room ultra-luxury hotel, branded residences, a commercial complex, and a casino on a nine-ropani site near Durbar Marg, with an estimated investment of around Rs 10 arba. The Chaudhary Group has also brought together local investors including Rabindra Shrestha, Saurav Sharma, Amrit Shakya, and Sanchit Shrestha for the venture. Industry stakeholders say the partnership between CG Hospitality and Marriott will help position Nepal as a high-end tourism destination while attracting greater foreign investment into the sector.

05/06/2026

Kathmandu's Kuleshwor fruit market has become increasingly vibrant with the arrival of Nepali mangoes from various parts of the Terai, as traders report a growing preference among consumers for fresh, locally produced fruit. According to market vendors, Nepali mangoes have reached the market on schedule this year, leading to a decline in demand for imported Indian mangoes. Prices currently vary by variety, size, and quality, with a 22-kg crate of Bombay mango selling for Rs 1,500–1,700, Malda mango for Rs 1,400–1,600, and a 21-kg crate of Dasheri mango for Rs 1,500–1,600. Traders said the market is now well supplied with domestic mangoes and expect arrivals to increase further in the coming days, making mangoes more widely available across the capital.

Photo Source: Nepal Photo Library

04/06/2026

YouTuber PewDiePie has launched a new self-hosted artificial intelligence platform called Odysseus, positioning it as a privacy-focused alternative to mainstream AI services such as ChatGPT and Claude. The announcement was made through a recent YouTube video titled “MY trillion $Dollar Project is finally OUT!”, where he showcased the system he has been developing over the past year using open-source language models and personal hardware setups.

Odysseus is described as a local-first, open-source AI workspace that allows users to run language models, autonomous agents, research tools, and document management features entirely on their own systems without relying on cloud infrastructure or sharing data with external providers. The platform emphasizes privacy, offering users full control over conversations and files, and is designed to integrate multiple models and APIs within a single interface. PewDiePie has framed the project as a challenge to large tech companies, promoting it as a free and customizable alternative with no commercial restrictions or data tracking.

04/06/2026

Professors of Tribhuvan University who took study leave and failed to return to service for extended periods have begun repaying significant amounts after government scrutiny into alleged misuse of leave provisions. According to the university, 41 professors have so far returned funds amounting to over Rs 10.46 crore into the university’s pension fund. Out of 191 identified professors who did not return after study leave, 62 have applied for repayment, while 54 have received formal notices from the investigation committee.

The Ministry of Education, Science and Technology has directed all concerned faculty members to comply with contractual obligations, as the university estimates losses exceeding Rs 2 arba due to the issue. A three-member investigation committee led by Dr. Jeevan Kafle found that hundreds may have misused study leave provisions, with around 398 cases under review. The university has warned that further legal action will follow if repayments are not made within the stipulated timeframe, and preparations are underway to publicly disclose the names of non-compliant individuals.

04/06/2026

The global equity market hierarchy has shifted as South Korea has overtaken India to become the world’s sixth-largest stock market, following a powerful rally in artificial intelligence-driven semiconductor stocks. Data shows South Korea’s total market capitalization has surged about 86% this year to around $5 trillion, powered by major chip-related firms, while India’s market value has declined to approximately $4.8 trillion. This comes just days after Taiwan moved ahead of India to secure the fifth position, as global investors increasingly favor AI-linked markets such as TSMC, Samsung, and SK Hynix.

Analysts attribute India’s relative decline to weakening earnings momentum, stretched valuations, and sustained foreign investor outflows, which have reached $27.6 billion so far this year. Despite being one of the fastest-growing major economies, India is seen as lacking a strong direct AI ecosystem, while consumption-led growth is also showing signs of strain due to inflation, currency weakness, and slower job creation. Meanwhile, South Korea and Taiwan continue to benefit from the global AI investment wave, highlighting a widening divergence in regional market performance and prompting concerns over the durability of India’s equity market appeal.

Note: Sourced from multiple international news sources.

04/06/2026

NVIDIA has unveiled RTX Spark, a new AI-focused superchip designed to power the next generation of Windows PCs, marking what the company describes as a shift from traditional computing tools to personal AI teammates. Announced on May 31, RTX Spark combines NVIDIA’s Blackwell RTX GPU, Grace CPU, and a suite of AI technologies into a single platform capable of running advanced AI agents, large language models, creative applications, and high-end games locally on laptops and compact desktops. NVIDIA said the platform was developed in collaboration with Microsoft and MediaTek, with a strong emphasis on on-device AI processing, privacy, security, and all-day battery life.

The company said RTX Spark-powered devices will support AI agents capable of performing tasks across Windows applications, generating content, coding, and searching local files, while also delivering enhanced performance for creators and gamers. Major technology firms including Microsoft, Adobe, ASUS, Dell, HP, Lenovo, and MSI have already committed to the platform, with RTX Spark laptops and desktops expected to launch later this year. NVIDIA CEO Jensen Huang described the technology as a reinvention of the personal computer, while Microsoft CEO Satya Nadella said it represents a significant step toward bringing advanced AI capabilities to every desk and home.

Fortune Nepal

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