KATHMANDU: China has requested consultations with India at the World Trade Organization (WTO) over India’s subsidy programs for electric vehicles and batteries, the Chinese Ministry of Commerce said on Wednesday. According to the ministry, India’s measures allegedly violate WTO obligations,…

KATHMANDU: General Motors’ early investment in U.S.-made rare-earth magnets is paying off as China tightens export restrictions on the critical components, The Wall Street Journal reports. In 2021, GM started investing in U.S.-based magnet production to depend less on China.…

KATHMANDU: Global mobility platform inDrive has announced popular Nepali actress Swastima Khadka as its new Brand Ambassador for Nepal. Alongside, the company has launched its new 360° campaign “Your Journey Begins With Your Choice”, highlighting the brand’s focus on freedom…

KATHMANDU: Global output of green hydrogen is rising, but it still meets only a small part of demand. A new report from the International Energy Agency (IEA) shows the gap. Green hydrogen is made by using renewable power to split…

KATHMANDU: Mahindra Group is considering a major restructuring that could separate its tractors, passenger vehicles and truck businesses into independent entities, according to ET. The move is meant to help Mahindra grow faster, stay more focused and make its main…