Sunday, October 11
A growing shortage of rare earth elements has forced several European auto component plants to shut down, the European Association of Automotive Suppliers (CLEPA) said, blaming recent Chinese export restrictions for the disruption, reported Reuters on Wednesday.Since early April, hundreds of European auto suppliers have applied for export licences to access rare earth materials critical for manufacturing electric motors and components. But CLEPA said only a quarter of those applications have been approved, while others were rejected on what the group described as “highly procedural grounds.”“Procedures seem to vary from province to province, and in several instances, IP-sensitive information has been requested,” CLEPA said in a statement. The group warned that unless the process is
Ten first-generation women wealth creators have accumulated a combined wealth of nearly Rs 2 lakh crore, according to the 2025 Candere Hurun India Women Leaders List released on Wednesday. The list highlights women who have built billion-dollar businesses from scratch, primarily in the software, healthcare, retail, and financial services sectors.Topping the list is Radha Vembu, co-founder of Zoho Corporation, with a reported wealth of Rs 55,300 crore. She is followed by Jayshree Ullal, CEO of US-based Arista Networks, whose wealth is estimated at Rs 48,900 crore.Seven of the top 10 women are based in India, while the remaining three reside in the United States.The software and services sector continues to dominate, contributing Rs 1.11 lakh crore of the total wealth. Other industries repre
