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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Acquisition of the German steelmaker would give the Indian steel entrepreneur substantial global heft. But it might also end up extracting a heavy price on his already-stretched group and its investors.
Naveen Jindal is right now camped in scenic Duisburg, hoping to pull off what could be the biggest moment in his entrepreneurial career. Along with son Venkatesh and his senior team, the entrepreneur is holding talks in the western Germany city with thyssenkrupp Steel’s management, directors and trade unions to acquire the steelmaker.
This, after Jindal got a big boost last week with the exit of rival Czech billionaire Daniel Kretinsky, who has agreed to sell his 20% stake in thyssenkrupp Steel. “Kretinsky’s exit is a big plus. Jindal is now there to further negotiate, explore and fix the deal,” …
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
The department store chain’s only growth engine is powered by distribution, not stores—raising questions about sustainability and profitability.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
