Nippon, US Steel File Suit After Biden Blocks $15 Billion Deal
Financial Express Kolkata|January 07, 2025
NIPPON STEEL and US Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based US Steel and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.
ASSOCIATED PRESS

The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies' due process.

هذه القصة مأخوذة من طبعة January 07, 2025 من Financial Express Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 07, 2025 من Financial Express Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FINANCIAL EXPRESS KOLKATA مشاهدة الكل
Financial Express Kolkata

Zee Q3 profit jumps 180%; revenue falls

ZEE ENTERTAINMENT reported a 179.7% year-on-year rise in its consolidated net profit at ₹163.6 crore for the third quarter of the financial year 2024-25 (Q3FY25).

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

Grade A warehousing mkt to hit 700 mn sq ft

THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

CCPA Notices to Ola, Uber Over Price Disparity Complaints

The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

UltraTech Cement Q3 profit at ₹1,473.51 cr; stock surges 7%

ADITYA BIRLA GROUP firm UltraTech Cement on Thursday reported a consolidated net profit of ₹1,473.51 crore for the third quarter ended December 31, 2024.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

West Asia and North Africa Top Market for Engineering Exports

WEST ASIA AND North Africa (WANA) emerged as the biggest buyer of engineering products from India for the first time ever in December, pushing North America to the second slot, the commerce ministry data showed.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

In Dalit colonies, AAP schemes outrank Constitution issues

THE OPEN DRAIN outside the chaupal at Nai Basti, a Dalit-dominated colony in South Delhi's Deoli, is overflowing.

time-read
2 mins  |
January 24, 2025
Financial Express Kolkata

Infra.Market Raises $126 Million

CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

Setting a cat among the pigeons

THE WORLD SHOULD EXPLORE NIMBLE, COST-EFFECTIVE OPTIONS TO THE STARGATE APPROACH

time-read
4 mins  |
January 24, 2025
Financial Express Kolkata

$100-bn court challenge for Goldman and friends

BANKS ARE USED to fending off litigation. Goldman Sachs Group's most recent annual report includes 14 pages of fine print detailing all the proceedings it faces.

time-read
3 mins  |
January 24, 2025
Financial Express Kolkata

Kotak Bank Acquires StanChart's ₹3,330-Cr Personal Loan Portfolio

KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the ₹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.

time-read
1 min  |
January 24, 2025