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  • Borosil Renewables is winding down its German subsidiary due to challenges from Chinese solar panel dumping and insufficient protective measures, leading to significant losses. The company will now focus on the growing Indian solar glass market, driven by strong demand, supportive policies, and anti-dumping duties on imports.

    Nissan Motor and Foxconn are discussing a possible electric vehicle collaboration. This partnership might save Nissan's Oppama plant in Japan from closure. The Oppama plant employs around 3,900 workers. Producing Foxconn EVs at the plant's idle assembly lines could protect jobs. It may also preserve supplier networks. This is according to a Nikkei business daily report.

    The Delhi High Court will soon deliver its verdict in the case of Celebi versus the Union Government. The Turkey-based company is contesting the revocation of its security clearance. The government cited national security concerns. Celebi argues the decision was arbitrary and violated due process. The company's contracts with major airport operators were terminated due to the revocation.

    German firm Hettich anticipates India to significantly boost its global revenue. India is already Hettich's second-largest market. The company aims for India to contribute 20% of global sales soon. Hettich is expanding manufacturing in India. It will also increase exports to the US, Europe, Australia and China. This expansion leverages government policies and India's growing middle class.

    Gautam Adani's conglomerate is venturing into the petrochemicals sector with a 1 million tonne per year PVC plant in Mundra, Gujarat, challenging Reliance Industries' dominance. This project aims to reduce India's import dependency amid growing PVC demand driven by agriculture, infrastructure, and housing sectors. The plant, slated for commissioning by fiscal 2028, will utilize acetylene and carbide-based production processes.

    Nitin Gadkari has revealed an ambitious plan for India's mass mobility, focusing on electric transport, hyperloop systems, and ropeways in remote areas. The government is upgrading highways, promoting flex-fuel vehicles, and introducing green initiatives to reduce pollution and fuel imports. These developments aim to revolutionize transportation and boost economic growth across the nation.

    A clutch of Indian companies are bottling affordable recreations of global luxury fragrances—from Tom Ford Ombre Leather to Coco Mademoiselle. They draw in millennials and Gen Z who want to smell rich without paying a steep price for it

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Rupee bond binge by Indian firms poised to slow after record run

The Indian rupee bond market may see a slowdown. Earlier rate cuts led to record borrowing. Companies raised 6.6 trillion rupees in the first half. But the Reserve Bank of India might pause rate cuts. Global uncertainties and slower growth could impact bond sales. Some companies may prefer loans over bonds.

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Sunday, 06 Jul, 2025

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Sweden to map immigrants' values to boost integration

Sweden to map immigrants' values to boost integration

Sweden will conduct a survey on immigrants' values. The goal is to enhance their integration into Swedish society. Integration Minister Simona Mohamsson highlighted the challenges faced by newcomers. The survey aims to understand value differences. It will involve both Swedish and non-Western backgrounds. The results will guide future integration policies.

US set to lose $29 bn in tourism. What is pushing travellers away from The States?

US set to lose $29 bn in tourism. What is pushing travellers away from The States?

The U.S. is projected to be the only country to see a drop in international tourist spending in 2025, with losses estimated between $12.5 billion and $8.3 billion. Originally forecasted to gain $16.3 billion, the revised outlook shows a potential $25–$29 billion swing. Experts blame restrictive travel policies and budget cuts to tourism marketing, warning recovery could take years.

Planning to work abroad? The most and least expensive countries for expats in 2025

Planning to work abroad? The most and least expensive countries for expats in 2025

For those seeking longer travel experiences, options include sabbaticals, international transfers, or even quitting for a “micro-retirement.” William Russell analysed global costs to help expats plan. Switzerland, Iceland, and Norway rank as the most expensive countries in 2025, while Mexico, Lithuania, and Poland are the most affordable. Expenses like rent, transport, and dining vary widely, impacting budgeting abroad.

Paris reopens this iconic spot to public after nearly 100 years. Courtesy, Olympics

Paris reopens this iconic spot to public after nearly 100 years. Courtesy, Olympics

After a century-long hiatus, the River Seine in Paris has reopened for public swimming, offering relief from the heat. Three designated sites will accommodate over 1,000 swimmers daily until August 31, thanks to extensive efforts to improve water quality for the Olympics.

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