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The Indian auto parts manufacturer will invest $12 million for a 60% stake in the venture with local partner Jinnaite Machinery.

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 whole host of new deals at the Make it in the Emirates summit, Saudi Arabia’s widest deficit since 2018 and other updates from the week.
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.