/
•
•
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 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.
There seems to be no stopping Sajjan Jindal’s JSW Steel. The country’s largest steelmaker last week announced plans to reach a capacity of 62 million tonnes per annum by 2032, up from the present 34.2 million tonnes. That number will cross the 80 million tonne mark if one includes the company’s joint ventures with Japan’s JFE and South Korea’s POSCO.
Jindal’s ambitions, however, go well beyond that.
“Internally, the company has already its sights on a capacity of over 100 million tonnes,” says a senior executive from the industry, requesting anonymity to speak freely. Beyond the 80 million tonnes of …
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
The war in West Asia offers a preview of how India’s next conflict could unfold—fast, multi-domain, drone-saturated and under a nuclear shadow. New Delhi must learn quickly.
