PromitMukherjee
Stories by PromitMukherjee
Canada to impose 100% tariff on Chinese EVs, including Teslas
The duties apply to all EVs shipped from China.
Dutch tech investor Prosus to end cross-holding with parent Naspers
The announcement sent shares of both the companies up almost 10% in early trade
Tencent boosts Prosus profit, e-commerce trading loss widens
Prosus estimated the market value of the e-commerce businesses at around $49 billion.
Prosus faces investor flak over $144m fee for Naspers share swap
Prosus said in May it would issue new shares to buy up to 45.4% of Naspers in a share swap deal.
Prosus to buy shares in parent Naspers as valuations lag Tencent stake
Naspers, which has a controlling stake in Prosus, hopes the deal will improve valuations for both companies.
Naspers investors seek big deals, share buyback after Tencent windfall
Naspers's arm Prosus sold a 2% stake in Tencent on Thursday in the world's largest-ever block trade.
ArcelorMittal forms JV with Nippon Steel to run India’s Essar Steel
ArcelorMittal will have a 60% stake in the new venture, ArcelorMittal Nippon Steel India Ltd.
India watchdog links over $500m Bhushan Power assets to fraud probe
The move could scupper the debt-ridden firm's sale to JSW Steel Ltd.
India: Reliance to sell 20% stake in OTC business to Aramco
The deal values the business at $75 billion including debt.
India’s Reliance Industries buys global British toy retailer Hamleys
The acquisition marks the first buy by billionaire Mukesh Ambani-owned Reliance Industries of an overseas retail brand.
