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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.
By contesting elections, the JSPL chairman is mixing politics and business. The consequences for the company could be dire—win or lose.
Naveen Jindal is in the electoral fray, again. And, it is in this regard that he sticks out compared to the rest of India Inc. Being close to the powers that be is one thing, contesting elections quite another.
His company, Jindal Steel & Power Ltd (JSPL), with a revenue of Rs 58,115 crore in the 2023-24 fiscal year, a market cap of Rs 1.08 lakh crore as on 27 May and more than 20,000 employees across three continents needs him. More so because it recently lost both its managing director and chief financial officer in the space of a …
Influence cannot be manufactured through diaspora networks, carefully branded events or political donations. It requires honesty and credibility.
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.
ArcelorMittal's scrapping of green steel plans in Germany signals an uncertain future for decarbonizing the heavily polluting sector. It also casts a cloud on mega investments by Indian steelmakers.
