MUMBAI: The popular SIP method for putting money in stocks through the mutual fund route is set to attract Japanese investors to Indian equities. In a first-of-its-kind structure using GIFT City, Nippon India MF is bringing in Japanese retail investors’ money into the Indian stock market using the Nifty BeES index fund. Nissay MF, one…
President Trump said on Friday that Nippon Steel was planning to make a major investment in U.S. Steel after the Biden administration moved to block the Japanese company’s $14 billion takeover bid last month on the basis that it was a threat to national security. Such an investment, if it moves forward, could be a…
After the United States blocked Nippon Steel’s bid for U.S. Steel, the Pittsburgh company is facing new pressure from an activist investor who is seeking to oust U.S. Steel’s leadership and thwart the companies’ efforts to revive the deal. The activist investor, Ancora, said in an open letter to U.S. Steel’s board on Monday that…
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security. The lawsuit, filed in a federal court in Washington, accused Mr. Biden and other…
American President Joe Biden on Friday declined the proposed acquisition of US Steel by Japan’s Nippon Steel, valued at approximately $15 billion, upholding his earlier pledge to prevent the takeover.“We need major US companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America’s national interests,” Biden stated.The…