Business
Auto ancillary’s FY23 revenue expected to grow at 10-15% YoY

Domestic auto ancillary sector’s revenue is expected to grow at 10-15 per cent year-on-year (YoY) in FY23.
Accordingly, the trend is supported by moderate growth of 5-9 per cent YoY in original equipment manufacturers’ volumes and continued healthy exports.
However, the FY23 growth is lower than the estimated at 20-25 per cent YoY rise in FY22, due to rising input cost.
“Demand from the aftermarket is likely to provide a steady contribution,” said India Ratings and Research (Ind-Ra).
“In addition to the volume growth, the realisations would be aided by the full-year impact of higher selling prices, as higher raw material prices in FY22 would largely be passed on by early FY23, and a continued increase in the sales to the medium and heavy commercial vehicles segment which are of a higher value than other segments.”
Besides, the agency expects profitability margins to remain flat to increasing marginally in FY23, as better operating leverage would be offset by firm commodity prices, continued supply chain issues and increased logistics cost due to higher fuel prices.A
“The sector performance remains exposed to downside risks, including those from evolving geopolitical tensions and any subsequent Covid-19 waves.”
Nevertheless, Ind-Ra noted that Capex is expected to be higher in FY23 in lieu of the onset of capex under the auto component and advanced chemistry cell batteries production-linked incentives schemes.
“The sector’s renewed focus on investments in R&D, technological tie-ups and/or inorganic acquisitions would continue in the near-to-medium term.”
Crime
Delhi Police arrest notorious cyber stalker in Palam

CRIME
New Delhi, July 2: A 21-year-old man was arrested in Delhi’s Palam village for allegedly harassing a college student by creating fake Instagram accounts and using artificial intelligence (AI) tools to generate objectionable content.
The accused was persistently stalking and defaming the victim, a college-going girl, through multiple fake Instagram profiles, Amit Goel, Deputy Commissioner of Police, South West District, said in a statement.
The complainant approached the Cyber Police Station, West District, on June 16, reporting that the accused was daily creating new accounts using her photographs, posting them with derogatory captions, and targeting her and her followers.
Acting on the complaint, the police registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS).
“In view of the seriousness of the matter, a dedicated team led by SI Priyanka was formed to identify and apprehend the accused,” the statement added.
A team of PS Cyber, South-West District, arrested the notorious cyber stalker and recovered the smartphone used in the commission of the offence, the statement read.
During the investigation, it came to the fore that the accused was impersonating a female using a profile picture taken from the victim’s public Instagram account, the police said.
The police said the accused further used AI tools to convert the images into sexually explicit content and uploaded these edited pictures through fake Instagram stories.
Despite efforts to mask his identity by not linking any accounts to verifiable mobile numbers or Gmail IDs, the cyber team used advanced technical analysis to track the suspect to the Palam area of South-West Delhi. Multiple raids were conducted before he was successfully arrested.
The accused, whose identity has been withheld, confessed to the crime during interrogation, the police statement read.
Further investigation is underway.
National
Ashish Shelar Orders Timely Honorarium Disbursal And SOP Reinforcement For Senior Folk Artists

Cultural Affairs Minister Adv. Ashish Shelar on Tuesday directed the department to re-communicate instructions to all District Collectors regarding the Standard Operating Procedure (SOP) for disbursal of honorarium to senior folk artists. He also instructed that every senior artist must receive a written response to their application within the prescribed timeframe.
A review meeting was held at Mantralaya to assess the remuneration process for senior artists, during which Cultural Affairs Minister Ashish Shelar issued key directives. The application process for this year’s honorarium disbursal began today.
Noting that several complaints are received annually regarding delays and inconsistencies, the Minister instructed the Director of Cultural Affairs to ensure time-bound redressal of all grievances. He emphasized that every senior artist must receive a written response to their application within the stipulated timeframe to build trust and transparency in the system.
Minister Shelar also pointed out that the formation of remuneration committees for senior artists is still pending in many districts. In light of this, he stressed the need to re-communicate the Standard Operating Procedure (SOP) to all District Collectors to ensure uniformity and accountability in the implementation of the honorarium process across the state.
Deputy Secretary of the Cultural Affairs Department Mahesh Vavhal, Director of the Directorate of Cultural Affairs Bibhishan Chavare, Joint Director Shriram Pande, and other senior officials were present on the occasion.
National
Ravindra Chavan, Trusted Lieutenant Of Maharashtra CM Devendra Fadnavis, Appointed BJP State Unit President

Mumbai: Ravindra Chavan, known as a trusted lieutenant of Maharashtra Chief Minister Devendra Fadnavis, will take over as BJP’s state unit president on Tuesday.
The incumbent, Revenue Minister Chandrashekhar Bawankule, will hand over charge at a party conclave in Mumbai. The mantle is being handed to Chavan, whose grassroots planning ensured BJP’s impressive electoral performance in Thane and the Konkan belt, with an eye on the coming elections to the local bodies, according to party sources.
Chavan was the only candidate who filed his nomination papers on Monday at BJP state headquarters in the presence of Fadnavis, Bawankule and the party’s Maharashtra in-charge Arun Singh. Union minister Kiren Rijiju was present as the central observer.
Chavan represents Dombivali for the fourth term in the Assembly. He was a member of the Fadnavis cabinet between 2014 and 2019 and the Eknath Shinde-led government from 2022 to 2024. There was speculation of his elevation to the key party post started when he was denied a Cabinet berth after last year’s Assembly elections. He has been officiating as the working president of the state unit for the last few months.
The BJP is eyeing maximum number of municipal bodies in the Mumbai Metropolitan Region (MMR) comprising 8 municipal corporations. With the elevation of Chavan, known for his aggressive politics, BJP seems to be sending out a message to deputy CM Eknath Shinde-led Shiv Sena, which is likely to ask for lion’s share of seats for the civic polls. As an experienced leader, Chavan will shoulder his responsibilities with vigour and strength, Fadnavis asserted.
-
Crime3 years ago
Class 10 student jumps to death in Jaipur
-
Maharashtra9 months ago
Mumbai Local Train Update: Central Railway’s New Timetable Comes Into Effect; Check Full List Of Revised Timings & Stations
-
Maharashtra9 months ago
Mumbai To Go Toll-Free Tonight! Maharashtra Govt Announces Complete Toll Waiver For Light Motor Vehicles At All 5 Entry Points Of City
-
Maharashtra9 months ago
False photo of Imtiaz Jaleel’s rally, exposing the fooling conspiracy
-
Crime9 months ago
Baba Siddique Murder: Mumbai Police Unable To Get Lawrence Bishnoi Custody Due To Home Ministry Order, Says Report
-
National News9 months ago
Ministry of Railways rolls out Special Drive 4.0 with focus on digitisation, cleanliness, inclusiveness and grievance redressal
-
Maharashtra8 months ago
Maharashtra Elections 2024: Mumbai Metro & BEST Services Extended Till Midnight On Voting Day
-
National News9 months ago
J&K: 4 Jawans Killed, 28 Injured After Bus Carrying BSF Personnel For Poll Duty Falls Into Gorge In Budgam; Terrifying Visuals Surface