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The order adds materially to Saatvik’s order book and consolidates the company’s position as a preferred supplier in the utility-scale solar segment View More

The acquisition triggers a sharp market reaction, with Solar Industries shares closing at ?19,250 on September 15 on the NSE, down 13.64% from the previous close of ?22,290 View More

China's new border-control regulations are designed to keep two of its most valuable assets from leaving the country: money and talent.  View More

Passengers board a ferry after customs clearance at Lianyungang International Passenger Station in Lianyungang, China, on October 21, 2024. Costfoto | Nurphoto | Getty ImagesChina's new border-control regulations are designed to keep two of its most valuable assets from leaving the country: money and talent. The rules, issued by the State Council and taking effect Tuesday, give authorities explicit legal power to block people from leaving the country – turning a patchwork of ad hoc travel bans into a permanent tool for stemming capital and talent flight. Authorities can bar Chinese nationals from departing over export-control or technology-transfer violations deemed to threaten national security. The new rules also add pressure on wealthy households already facing a widening tax dragnet, along with private bankers, trust companies, and immigration agencies that help move their money and families abroad. "The goal is to restrict outbound personnel flows, so as to keep home the capital and talent that might otherwise leave with them," said Neo Wang, China strategist at Evercore ISI. Both resources are critical to Beijing's push for innovation, productivity and new growth drivers as it competes head-to-head with the U.S. Beijing has tightened oversight of overseas travel by party officials and state-enterprise employees for years while increasingly extending the scrutiny into the private sector. The new rules would make the system more "permanent and give officials more confidence to intervene," said Dan Wang, China director at political consultancy firm Eurasia Group. She expects stricter enforcement at the local level, with tightened document checks as officials seek to avoid blame for lax implementation. "Export-control concerns could now trigger a formal exit ban rather than mere compliance friction," she added. Tech flowsTechnology professionals face some of the strongest restrictions. Beijing has already restricted exports of key technology and components, including rare earths, electric-vehicle batteries and solar panels, and the new rules give authorities a legal basis to enforce those export-control and counter-sanctions regimes directly at the border, said Guo Shan, partner at China-focused Hutong Research.  Authorities could prevent Chinese citizens from leaving if their departure violates export control rules in a way that could endanger national industrial or technological security. "By tying export controls directly to exit rights, the rules give Beijing added leverage against foreign governments and firms," Eurasia's Wang said. watch nowVIDEO4:4404:44Competition between the U.S. and China is inevitable: Gavekal TechnologiesSquawk Box AsiaWealth flowsThe rules are already changing behavior among private bankers who help wealthy Chinese clients move money offshore. Some have been questioned at Chinese border checkpoints about the purpose of their visits and asked to file advance applications before arrival, according to offshore wealth management firms serving mainland Chinese clients. Bankers have grown warier of inviting mainland clients to events in Singapore, sometimes rebranding them as jewelry exhibitions rather than overseas-investment seminars to avoid scrutiny, according to a Singapore-based fund manager who advises wealthy Chinese clients on overseas holdings, who asked not to be named due to the sensitivity of the matter. Another Singapore-based banker, who asked to be identified only by her surname, Fan, due to the sensitivity of the matter, said some colleagues now travel to China without documents containing sensitive information. They send them separately by courier to avoid spot checks at customs that might give authorities access to client financial data. The various measures create the perception that laws may change without notice with retroactive effect, the tightening is coming from all sides. Clifford NgPartner at Zhong Lun Law FirmA provision under the new rules bars foreign companies from providing exit-entry immigration services within mainland China, and requires registered agencies to report public-sector employees and military personnel who illicitly apply for foreign nationality or overseas permanent residency. The rule raises costs for Hong Kong- and Singapore-based intermediaries handling immigration, education and real estate applications for mainland clients, pushing more of them toward opening onshore entities, Eurasia's Wang said. The new framework also gives local authorities firmer legal ground to restrict departures by people they consider to owe tax on offshore wealth — a practice that predates the rules but now carries fresh teeth. "Emigration and overseas property purchases have already slowed amid compliance uncertainty," Wang said.  watch nowVIDEO5:2905:29China’s wealthy face a choice to ‘stay and pay or leave and don't’: Wealth advisorThe China ConnectionIn July, China imposed a 20% income tax on assets moved into offshore trusts since 2023, closing a longstanding loophole used by wealthy families for asset protection and succession planning. Local authorities also reportedly started levying taxes on insurance policy income and salaries that Chinese citizens earned overseas. Earlier this month, regulators set a 20% tax owed by foreigners on dividends obtained from foreign-invested enterprises, removing an incentive Chinese entrepreneurs once had to acquire foreign citizenship to take advantage of the preferential tax exemption. "The various measures create the perception that laws may change without notice with retroactive effect, the tightening is coming from all sides," said Clifford Ng, partner at Zhong Lun Law Firm. Clients with no remaining family or fortune in China are now more likely to leave for good, while those with ties still in the country are choosing to comply.  Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

ACME Solar's stock jumped 6% after HSBC raised its target price from ?390 to ?450, recognising the firm's growth potential in renewable energy. With a year-to-date surge of 74%, ACME is evolving from a pure solar provider to a diversified energy player, but risks remain. View More

Shares of Solar Industries India tumbled by over 12% on Tuesday following the company's announcement of acquiring a 100% stake in the Johannesburg-based maker of explosives and agri-products View More

To Create One Of World's Most Integrated & Largest Blasting Solutions Player With Omnia View More

President Donald Trump has systemically dismantled regulations implemented by the Obama and Biden administrations that sought to fight climate change. View More

Mill Creek Generating Station, a coal-fired power plant in Louisville, Kentucky, is seen on February 14, 2026 in Elizabeth, Indiana.Jon Cherry | Getty ImagesThe Environmental Protection Agency on Monday repealed limits on carbon-dioxide emissions from power plants imposed by the Biden administration, and proposed a sweeping action that would eliminate all remaining greenhouse gas rules for the sector. The Biden administration required existing coal plants and new natural gas plants control 90% of their carbon dioxide emissions. Power plants are the second-largest source of these planet-warming emissions in the U.S. behind the transportation sector, according to the EPA. The broader repeal, first proposed by the EPA last year, argues the federal government does not have authority under the Clean Air Act to regulate greenhouse gas emissions from power plants on the basis of climate change. This rule, which is still subject to finalization, would prevent future administrations from regulating power plant emissions to fight climate change, an EPA official told reporters on a call Monday. Zoom In IconArrows pointing outwardsU.S. CO₂ emissions, by sourceEIAThe final repeal of Biden's rules comes as EPA Administrator Lee Zeldin, Energy Secretary Chris Wright and Interior Secretary Doug Burgum meet with their G20 counterparts in Houston, Texas, to discuss energy issues.Zeldin framed the repeal as a way to reduce electricity prices for American families. The cost of living is a major issue ahead of the November midterm elections as gasoline and diesel prices surge due to the U.S. war with Iran. President Donald Trump has systemically dismantled regulations implemented by the Obama and Biden administrations that sought to fight climate change. The EPA in February revoked a key finding that classified carbon dioxide as a threat to public health. The Trump administration has sought to revive the coal industry, expand gas-fired power plants, and increase crude oil production while blocking solar and wind power projects. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

All-cash acquisition will expand Solar Industries' global mining footprint and add Omnia's explosives, blasting solutions and ammonium nitrate capabilities View More

All-cash deal via Solar SA Investments aims to scale mining explosives business across Africa from FY28 View More

Solar SA Investments, an indirect wholly-owned subsidiary of Solar Industries, will acquire all outstanding shares of Johannesburg-listed Omnia, subject to regulatory and Omnia shareholder approvals View More