GMB insolvency: Borosil exits loss-making German unit GMB, focus shifts to India’s booming solar glass market

Borosil Renewables has moved to exit its German solar glass business, with its step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH filing for insolvency, as the company shifts focus to the fast-growing Indian solar glass market.In a regulatory filing, Borosil said GMB has applied for the commencement of insolvency proceedings before the Insolvency Court in Cottbus, Germany,…

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Manufacturing setback: India’s electronics sector faces twin blow from import curbs on gold compounds, rare earths; industry warns of supply disruption

This is an AI-generated image, used for representational purposes only. India’s electronics manufacturing industry is grappling with mounting pressure as recent restrictions on gold compound imports have compounded the sector’s ongoing struggle with China’s export curbs on rare earth magnets. As per news agency PTI, industry groups have warned that the dual hit could disrupt…

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China-EU trade row: Beijing bans European firms from major medical bids; says Brussels must end ‘discriminatory’ practices

China on Sunday imposed a retaliatory ban on European companies bidding for large-scale medical equipment contracts, intensifying a simmering trade dispute with the European Union. The move comes just days after the EU restricted Chinese firms from participating in government medical device procurements over €5 million, citing Beijing’s long-standing exclusion of European products from its…

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Good news for Indian Railways passengers! Soon you may get higher refund on IRCTC train tickets – here’s what’s being planned

Indian Railways authorities are evaluating various alternatives due to the decreased operational costs. Soon you may get higher refund from Indian Railways for your cancelled train ticket! The Indian Railways is considering either lowering or doing away with the administrative fees, known as ‘clerkage’, which it currently deducts whilst processing refunds for unconfirmed waitlisted tickets…

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US-India trade pact: Markets brace for July 9 tariff deadline; Q1 earnings, FII flows to drive sentiment

Equity investors are gearing up for a potentially volatile week as the 90-day suspension period of US President Donald Trump’s reciprocal tariffs expires on July 9, raising uncertainty over India-US trade relations. Market experts believe that the outcome of the trade negotiations will be a key trigger, especially for sectors like IT, pharma, and auto…

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Pharma sector: Firms to clock 11% sales, EBITDA growth in Q1FY26; hospitals, diagnostics segments to outperform

This is an AI-generated image, used for representational purposes only. India’s pharmaceutical sector is likely to record a steady 11 per cent year-on-year growth in both sales and EBITDA for the first quarter of FY26, supported by sustained market traction across geographies, a new report by Kotak Institutional Equities has said. However, the report warned…

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Market wrap: Bears hit top 10 firms’ worth by Rs 70,325 crore; HDFC Bank, ICICI Bank among worst losers

Six of India’s ten most valued companies collectively lost Rs 70,325.5 crore in market valuation last week, led by HDFC Bank and ICICI Bank, as domestic equities slipped amid global uncertainty and investor caution.The BSE Sensex dropped by 626.01 points or 0.74 per cent during the week, weighed down by sustained foreign portfolio investor (FPI)…

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