Japan's Nippon Steel to Acquire US Steel in $7 Billion Deal

19 Dec 2023 CW Team

In a significant move to strengthen its presence on the global stage, Japan's Nippon Steel Corporation has announced plans to acquire US Steel in a transformative deal valued at $7 billion. The agreement, unveiled on December 18, marks a strategic step for Nippon Steel, positioning the company as a major player in the international steel industry. The acquisition is set to bring about synergies and enhance Nippon Steel's operational capabilities, creating a more resilient and diversified business portfolio. With the steel industry undergoing dynamic shifts, this strategic move allows Nippon Steel to tap into the vast opportunities presented by the US market, known for its robust demand for steel across various sectors, including construction, automotive, and infrastructure. Key aspects of this groundbreaking deal include the consolidation of technological expertise, the sharing of best practices, and the streamlining of supply chain operations. Nippon Steel aims to leverage the strengths of both entities to navigate the evolving landscape of the steel market efficiently. This acquisition aligns with Nippon Steel's long-term vision of sustainable growth and global leadership. The company recognizes the importance of adaptability in a rapidly changing economic environment and is committed to fostering innovation and resilience. The $7 billion investment underscores Nippon Steel's confidence in the potential for growth and collaboration in the US market.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..