KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged Nepal Rastra Bank (NRB) to introduce policy and financial measures to support the establishment and expansion of assembly industries in Nepal. In its recommendations for the FY…

KATHMANDU: The Ministry of Physical Infrastructure and Transport has approved the Safe and Technology-Friendly Vehicle Operation Standard 2083, making several safety devices mandatory for public vehicles across Nepal. The new standard aims to improve passenger safety, modernize public transport, reduce…

KATHMANDU: The Indian government has removed licensing requirements for select vehicle safety and communication technologies, paving the way for wider adoption of autonomous driving and crash-avoidance systems, according to ET. Under the new rules, on-board units and short-range automotive radar…

KATHMANDU: A US-Iran peace deal is set to be signed this Friday, following an announcement by US President Donald Trump. Tehran has also confirmed plans to formally end hostilities after more than 100 days of conflict. The agreement marks a…

KATHMANDU: The US Department of Defense has added Chinese EV maker BYD to its list of companies it considers linked to the Chinese military. The updated Section 1260H list now includes 188 firms. Along with BYD, companies like Nio, Alibaba,…