Kathmandu, July 4 -- Talks between KP Sharma Oli and Pushpa Kamal Dahal failed on Friday after the former reiterated his stance that he will not step down-neither as the party chair nor as prime minister.

The meeting, which lasted around three hours, between the two leaders at Baluwatar took place just as second-rung leaders representing them and Madhav Kumar Nepal attempted to find a win-win formula to save the party that is on the verge of a split.

After coming under pressure to step down as party chair and prime minister from the Dahal-Nepal faction, Oli on Thursday hinted that he could split the party.

According to leaders familiar with the meeting between Oli and Dahal, the former conveyed to the latter that he was open to discuss...