NEW DELHI: After an exhilarating 2024, a new dawn awaits Indian chess. As it prepares for its first major event of 2025, the world’s top Grandmasters have gathered in the Netherlands for the prestigious Tata Steel Chess Tournament. Hosted in the picturesque town of Wijk aan Zee, the event will run from January 17 to…
A possible new takeover bid for U.S. Steel emerged on Monday, teeing up more turmoil over the once-dominant company’s future after President Biden’s decision to block its acquisition by a Japanese company. Lourenco Goncalves, the chief executive of an American competitor, Cleveland-Cliffs, said his company had “an All-American solution to save the United States Steel…
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…
The end of a troubled takeover bid President Biden is set to officially block Nippon Steel’s $14 billion takeover of U.S. Steel as soon as Friday, most likely putting an end to an industrial megadeal that ran up against widespread political opposition. But the decision could set off a cascade of consequences, including whether it…
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…
India Steel Import: स्टील को लेकर चीन पर भारत की निर्भरता बढ़ती ही जा रही है. चालू वित्त वर्ष के पहले आठ महीनों (मार्च 2025 तक) में चीन से भारत में स्टील का आयात अपने रिकॉर्ड स्तर पर पहुंच गया है. सरकारी आंकड़ों में इसका खुलासा हुआ है. चीन से सस्ते स्टील के आयात ने…
Adam Gilchrist, Isa Guha, Ravi Shastri (Screengrab Photo) Former Indian cricket coach Ravi Shastri has publicly supported former England cricketer Isa Guha following her apology for a comment made during the third Border-Gavaskar Trophy Test match at The Gabba. Guha’s comment sparked discussions about unconscious bias and cultural sensitivity in sports commentary.Shastri expressed his support…
NEW DELHI: In another significant action, Enforcement Directorate (ED) on Saturday said it restituted properties worth Rs 4,025 crore to JSW, a successful resolution applicant of the erstwhile Bhushan Power and Steel Ltd, under corporate insolvency resolution process of Insolvency and Bankruptcy Code.The assets were attached by ED in 2019 after a money laundering probe…
NEW DELHI: Engineering exporters have cautioned against imposition of safeguard duty on steel, arguing that it will increase prices in the domestic market and make exports uncompetitive. Steel makers are lobbying hard for protection from imports, arguing that cheap imports from Asean nations, which have a free trade agreement, are hurting the domestic players. Arguing…
Mumbai: Zomato, the app-based food delivery major that was listed in July 2021, will replace JSW Steel in the sensex on Dec 23, a BSE notice said. Currently, Zomato, with a market cap of Rs 2.3 lakh crore, is the 37th most valued company in India. Ready to Master Stock Valuation? ET’s Workshop is just…