Mittal vs Jindal: The fight for India’s steel crown
Industry leader JSW Steel faces a challenger in ArcelorMittal Nippon Steel India. With both companies drawing up ambitious plans to expand capacity, a battle looms.

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The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.
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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.
Anil Ambani owes his gravy train ride to apathy, leniency
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