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Jindal and Italy's Arvedi Group have submitted binding bids for the troubled Ilva steelworks. The site is currently overseen by government-appointed commissioners due to long-standing financial issues. Prime Minister Giorgia Meloni's government aims to secure the site's steel production and protect jobs. Complications have arisen after a court ruling mandated the shutdown of blast furnaces due to health concerns. View More
Rome: India's Jindal and Italian steelmaker Arvedi Group have submitted binding bids for Italy's former Ilva steelworks , the special commissioners overseeing the company said on Monday, as the government seeks a buyer for the troubled industrial group. The commissioners will now assess whether the offers are complete and meet the tender requirements, according to a statement. Read more: Naveen Jindal weighs bid for EU firm Celsa The former Ilva business, now Acciaierie d'Italia (AdI) centred on the vast Taranto plant in southern Italy, is currently run by government-appointed commissioners after years of financial and operational difficulties. Prime Minister Giorgia Meloni 's government has been seeking a new owner as it tries to safeguard steel production and thousands of jobs at the site. Live Events A Supreme Court ruling last month ordering the shutdown of blast furnaces at the site on health and environmental grounds has complicated the sales process. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Coca-Cola bottler Hindustan Coca-Cola Holdings has filed for an IPO, structured entirely as an offer for sale. The company serves around 1.7 million retail outlets and sells 41 beverages across three categories. Coca-Cola holds 60% of HCCH, with Jubilant Beverages owning the remaining 40%. View More
Samvat 2083 stock picks: Experts believe selecting the right metal stock depends on your investment goal: capital appreciation & volume growth, dividend yields, or structural outperformance View More
The Sensex declined 362.13 points, or 0.45 per cent, to 80,637.27 from its previous close of 80,999.40, as selling pressure broadened across IT, metals and cement sectors, overwhelming early gains in banking and pharma stocks. View More
Sell orders accounted for 71.18 per cent of total order flow against 28.82 per cent buy interest, with over 2.45 crore shares changing hands worth ?459.92 crore by 11.33 pm. View More
US President Donald Trump said in a TRUTH Social post that the Iron Gate, “coupled with history’s greatest Naval Blockade,” allows “very little gets into, or out of, Iran.” View More
Tata Steel has posted a more than 16 per cent Y-o-Y rise in consolidated net profit to ?3,700 crore in the September quarter, driven by higher revenues, mainly from India operations. View More
Stocks to watch today, Monday: Tata Steel, ZEEL, Adani Enterprises, Indian Oil, SBI, Bharti Airtel, Kalpataru Ltd, Tata Chemicals, Prestige Estates Projects, and more stocks will be in action today. View More
Stanford University researchers have developed a groundbreaking chip that effectively segregates mixed light into its individual components. This novel technology facilitates the analysis of coherence modes of light that were once challenging to identify. Utilizing advanced photonic techniques, the chip can enhance applications in fields like imaging and astronomy, potentially transforming our understanding of microscopic particles and faraway celestial phenomena. View More
The initiative expands Washington’s efforts to restrict Iranian trade routes, military supplies and revenue streams through coordinated land and maritime enforcement View More