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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.
The JSW Group chairman is just days away from signing a deal to buy a 49% stake in the India unit of the iconic British brand. The deal, if successful, will change the face of the $23 billion group in more ways than one.
In a deal that could change the dynamics of India’s auto and steel sectors, Sajjan Jindal’s JSW Group is set to acquire a 49% stake in MG Motor India, the local unit of the iconic British brand. It is owned by Chinese auto giant SAIC Motor Corp.
The two sides, who have been in talks for more than seven months, are close to sewing up the deal and an announcement could be made by the first week of December, say two senior executives with direct knowledge of the deal, on condition of anonymity. “The JSW Group will take a 49% …
The emirate’s financial centre has surpassed the 10,000-company mark, Lucid Motors has a new investor, and digital assets are having a great week.
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.
A sharper growth push from Tata Steel is reshaping a long-running contest with JSW Steel and shifting the market’s loyalties. But can it keep its expansion-hungry rival at bay?
