Surat to be India’s 1st bullet train station by Dec 2024

Anti-Dumping Duties Imposed on Solar Glass Imports from China, Vietnam

The Ministry of Commerce and Industry has finalised anti-dumping duties on textured tempered solar glass imported from China and Vietnam, following an investigation that found these imports were causing material injury to India's domestic industry. The investigation revealed that solar glass from these countries was dumped at prices lower than domestic selling prices, leading to price suppression and preventing Indian manufacturers from adjusting prices in line with production costs. As a result, anti-dumping duties have been imposed at $658-$664 per metric ton (MT) for China and $570-$66..

The Energy Company Secures $2 Million in Pre-Series A Funding

Bengaluru-based EV battery solutions provider, The Energy Company, has raised $2 million in a pre-Series A funding round, led by Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, Lets Venture, and other investors. The company had previously raised $600,000 in a pre-seed round. The fresh funds will be used to expand Flexi, its full-stack battery intelligence platform, which helps commercial EV fleets improve battery lifespan and financing. The company also plans to scale up FlexiPack for electric two-wheelers and e-rickshaws while expanding into small and medium-sized energy storage ..

Gensol Engineering Reports 42% YoY Revenue Growth

Gujarat-based Gensol Engineering reported Rs 3.45 billion in consolidated revenue for Q3 FY 2025, marking a 30% year-over-year (YoY) increase from Rs 2.66 billion. Profit after tax (PAT) rose 6% YoY to Rs 180 million, driven by a strong engineering, procurement, and construction (EPC) order book.EBITDA for the quarter reached Rs 630 million, up 19% YoY from Rs 530 million. However, earnings per share (EPS) stood at Rs 4.46, slightly lower than Rs 4.79 in Q3 FY 2024.9M FY 2025 performanceFor the first nine months (9M) of FY 2025, Gensol’s revenue surged 42% YoY to Rs 10.56 billion from Rs 7.4..