India is entering a decisive phase of growth, driven by AI that has the potential to transform industry, infrastructure and energy systems. From advanced manufacturing to energy production, AI is already moving to the core of industrial operations. As it does so, the pressure is mounting to meet its significant power demands. For decades, geopolitics … Read more
After three years of acquiring a German Company, Borosil Renewables Ltd (BRL) has decided to give up and has gone ahead and filed for insolvency of the German Company. German operations have been a significant overhang on BRL’s overall financials since its acquisition. BRL’s management attributes the German failure to local macros; flooding by cheap … Read more
CARE has got feedback from Gensol’s lenders that there have been delays in the servicing of term loan obligation and hence the downgrade from BB+ to D. Company had an outstanding debt of Rs 1,150 cr as at December 31, 2024. It had negative operating cash flows during FY 24. During the current year, the … Read more
Borosil Group has three listed entities – Borosil Renewables (BRL) – solar glass Borosil (BL) – consumer glassware Borosil Scientific (BSL) – scientific and laboratory glassware In FY 24, BRL reported Rs 1,386 cr of revenues, BL Rs 928 cr and BSL Rs 390 Cr – totalling Rs 2,700 cr revenues for the group. Promoter … Read more
Adani Group chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News in an interview published on Monday. When Adani retires, his four heirs – sons Karan and Jeet, and their cousins Pranav and Sagar … Read more
India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said. In 2020, India tightened scrutiny on investments from companies based in China due to military tensions in the remote Himalayan border. The government … Read more
Seven companies, including Reliance Industries (RIL), ACME Cleantech Solutions Pvt Ltd, JSW Neo Energy Ltd and Waaree Energies, have placed their bids – in a second With tround – for manufacturing advanced chemistry cells (ACC) with a capacity of 10 gigawatt hours under the government’s production linked incentive scheme. The last date for filing applications … Read more
Article Six of the Paris agreement sets out how countries can pursue voluntary cooperation to reach their climate targets. It enables international cooperation to tackle climate change and unlock financial support for developing countries. Under Article Six, countries can transfer carbon credits earned from reducing greenhouse gas emissions to help one or more countries meet … Read more