Saturday, September 26
Borosil Renewables has filed an application to wind up operations of its German subsidiary to sharpen focus on the Indian solar glass market with immense potential. In a regulatory filing, Borosil Renewables Ltd said its material step-down subsidiary in Germany, GMB Glasmanufaktur Brandenburg GmbH, has filed an application for the commencement of insolvency proceedings before the Insolvency Court at Cottbus, Germany, in accordance with the German Insolvency Code (InsO). This decision was reached after a comprehensive assessment of market conditions, financial viability, and long-term strategic priorities. "The challenges for GMB began with slide in demand for German made solar panels, when faced with the precipitous drop in prices by Chinese manufacturers of solar panels, who have engaged
Israeli airstrikes killed at least 33 Palestinians in Gaza, hospital officials said on Sunday, as Israel's military said it has struck over 100 targets in the embattled enclave in the past day. The strikes came as Israeli Prime Minister Benjamin Netanyahu was preparing to fly to Washington for talks at the White House aimed at pushing forward ceasefire efforts. Separately, an Israeli official said the Israeli security Cabinet on Saturday night approved sending aid into the northern part of Gaza, where civilians are suffering from acute food shortages. The official declined to offer more details. The official spoke on condition of anonymity because they were not authorized to discuss the decision with the media. In Yemen, a spokesperson for the Houthi rebel group announced in a prerecord
India is actively negotiating bilateral investment treaties (BITs) with over a dozen countries, including Saudi Arabia, Qatar, Israel, Oman, European Union, Switzerland, Russia, and Australia, a government official said. Besides these nations, talks are underway with Tajikistan, Cambodia, Uruguay, Maldives, Switzerland, and Kuwait. These investment treaties help in protecting and promoting investments in each other's countries. With India approaching to become the third-largest economy and a hub for global manufacturing, the government is taking a series of measures to further improve its investment regime that encourages investors. "It is expected that in the next 3-6 months, BIT with some of these countries will be finalised and announced," the official added. The government in the last
Collaboration between industry and government which proved successful in semiconductors, will be the key to addressing rare minerals dependencies, according to the president of the Confederation of Indian Industry (CII) who pointed out that there is no short-term fix for the possible shortage of rare-earth minerals."It's a long-term solution," acknowledged the CII President Rajiv Memani, emphasizing on the need for a comprehensive, product-led strategy. "What are the minerals that are required for that? What is the technology that's required for that? What is the policy support or financial support that that industry or sector needs?" he outlined, calling for urgent action despite the long-term nature of solutions.Rare earth elements (REEs) are crucial in modern technological products such
