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Hindustan Times

An Instagram for kids never happened, but this may be the next best alternative

Alongside giving parents more control over their child’s Instagram profile, Meta and Ray-Ban owner EssilorLuxottica have also extended their smart glass partnership

The Economic Times

Breaking the glass ceiling: Trailblazing women leaders to share strategies to bridge gender funding gap at ET Soonicorns Summit 2024

Join Shreyasi Singh, Shally Modi, Shanti Mohan, Minu Margeret, and Rashmi Daga at the ‘Women in the Indian Startup Ecosystem: Breaking Barriers and Bridging the Gender Funding Gap’ panel, as they delve into fundraising techniques, navigating bias in the investor community, and the importance of resilience and strategic pivots. Only in Bengaluru on September 20, 2024.

Business Standard

Corning bullish on biz growth in India, to employ 1,600 people at new units

High-tech glass company Corning is bullish on growth from mobile consumer electronics and life sciences businesses in India, a senior company official said on Thursday. The automotive and optical fibre business is the biggest revenue contributor to the company in the country, at present. Corning which started business by providing glass cover for bulb invented by Thomas Alva Edison has expanded into several verticals to provide glass technology ranging from electronics display protection cover for mobile, television displays, semiconductor manufacturing, space telescopes to glass based packaging for labs, vaccines etc. "We waited for ecosystem to be established in India where we are seeing now global players are already establishing footprints to manufacture smartphones, and we just want to be a part of the supply chain. India is now becoming a rising star. We want to just be part of the story," Corning International, division vice president and general manager Gokhan Doran told ...

The Economic Times

Corning bullish on mobile, life science biz growth; commits Rs 1,500 crore investment

Corning is optimistic about growth in India's mobile consumer electronics and life sciences sectors. The company plans to invest over Rs 1,000 crore in a joint venture with Optiemus Infracom in Tamil Nadu and Rs 500 crore in a borosilicate glass unit in Hyderabad, creating numerous jobs.

The Economic Times

Vedanta says display glass biz likely to grow 10x with AvanStrate Inc

Vedanta Limited announced that its display glass business is set to grow tenfold after consolidating its holding in AvanStrate Inc. to 98 percent. The acquisition enhances Vedanta's position in the global electronics and display industry, focusing on innovation, advanced technologies, and expanding production capacity to meet increasing global demand.

Business Standard

Reliance to commission first solar giga-factory this year: Mukesh Ambani

Reliance Industries Ltd, India's most valuable company, plans to commission its first solar giga-factory this year as part of a pivot towards green energy, its chairman Mukesh Ambani said on Thursday. The solar giga factory will include the manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity. Addressing the annual shareholders meeting, he said the first train of 20GW solar PV (photovoltaic) manufacturing "will commence production" by the end of this year. It is also targeting industrialising sodium-ion cell production at the MW level in 2025 and the first 50 MWh a year lithium battery cells pilot in 2026. Reliance, in 2021, announced plans to invest USD 10 billion over three years to develop a new fuels business based on 100 GW of renewable power capacity by 2030. The plan involves setting up four giga factories for manufacturing renewable equipment, battery storage, fuel cells and hydrog

The Economic Times

Glass Lewis recommends against reappointment of Bina Modi as MD of Godfrey Phillips

US-based proxy advisory firm Glass Lewis has recommended that shareholders of Godfrey Phillips India vote "against" the special resolution to reappoint Bina Modi as Managing Director, citing concerns about her remuneration and lack of performance conditions. Glass Lewis supports Samir Modi's continued board presence despite ongoing family and boardroom conflicts.

Business Standard

Glass Lewis opposes reappointment of Bina Modi as Godfrey Phillips MD

US-based proxy advisory firm Glass Lewis has advised the shareholders of Godfrey Phillips to vote "against" the special resolution seeking the reappointment of Bina Modi as Managing Director at the Annual General Meeting on September 6. Glass Lewis has backed Samir Modi's presence on the board. Godfrey Phillips India has scheduled its Annual General Meeting on September 6, 2024, in which it has put five ordinary resolutions and one special resolution for approval from its shareholders. As Bina Modi's remuneration exceeds the limits of Rs 5 crore or 2.5 per cent of the net profits of the company, Godfrey Phillips requires a special resolution, which has to be passed from a super majority of 75 per cent of the total votes polled. Opposing the special resolution, Glass Lewis observed there are "no defined performance conditions for the payment of commission" to Bina Modi and her "appointment is as combined chairman and managing director". "Given our concerns, we do not believe ...

The Economic Times

Waaree Energies secures 90 MW solar module supply order in Rajasthan

"Waaree Energies has secured a 90 MW order to supply dual glass bifacial modules to Juniper Green Cosmic Private Limited, for their solar project in Bikaner, Rajasthan," the statement said.

Business Standard

Reliance to commission 1st solar giga-factory to achieve net zero emission

Reliance Industries Ltd, India's most valuable company, plans to commission its first solar giga-factory in the current fiscal as it pivots a green pathway to achieve net zero carbon emissions from operations by 2035. In its largest annual report, the firm said it is targeting to commission the first train of 20GW solar PV (photovoltaic) manufacturing by the end of 2024-25 fiscal (April 2024 to March 2025) and scale up to 20GW in a phased manner over 2026. The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity. It is also targeting industrialising sodium-ion cell production at the MW level in 2025 and first 50 MWh a year lithium battery cells pilot in 2026. Reliance had in 2021 announced plans to invest USD 10 billion over three years to develop a new fuels business based on 100 GW of renewable power capacity by 2030. The plan involves setting up four giga

Business Line

Corning, Optiemus Infracom break ground on India’s first cover-glass finishing facility in TN

The ₹1,000-cr unit will come up at SIPCOT-Pillaipakkam Industrial Estate in Kancheepuram district

The Economic Times

Glass bangle industry faces new adversary - climate change

The traditional glass bangle industry in Firozabad, known as the 'City of Glass,' is facing severe challenges due to climate change. The ring temperatures exacerbate health risks for the five lakh workers employed in the Rs 1,000 crore industry. Workers endure extreme heat in poorly ventilated workshops, leading to heat-related illnesses, dehydration, and hospitalisations. There is an urgent need for support and interventions to protect their health and livelihoods.