India’s auto parts makers face a new race: Localise, innovate, lead

Indian auto leaders and ministers emphasized deepening localization for global supply chain strength. They stressed owning more value chain components amid geopolitical uncertainties and resource crunches. Accelerating technological capabilities in semiconductors and batteries is now essential for independence. The industry must scale up design, development, manufacturing, and export of components from India. Policy measures and…

NCLAT seeks status report on delayed Supertech housing projects by NBCC

The NCLAT has ordered the Supertech committee to file a status report within two weeks. This report will detail construction commencement and work awarding for sixteen NBCC-managed projects. Homebuyers had complained about significant delays beyond previously established timelines. The tribunal also directed the committee to address unpaid employee salaries for three months. The next hearing…

Evening news wrap: Operation Sindoor commander Jeetendra Mishra picked as Ram temple Trust CEO; Nepal seeks flood compensation from India, US and China, and more

In a historic move, retired Air Marshal Jeetendra Mishra assumes the role of the inaugural CEO for the Ram temple Trust. Meanwhile, Nepal is calling for climate compensation from major polluters following severe flash floods ravaging the region. Additionally, the Centre has provided clarity on its GDP growth calculations, addressing concerns raised by opposition parties.