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Jindal Steel in advanced talks to sell more assets - CEO

NEW DELHI Jindal Steel and Power is in advanced talks with several parties to sell some of its steel and mining assets and hopes to close a $976 million power plant deal earlier than a mid-2018 deadline, its CEO told Reuters.

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Jindal brothers sign $976 million power deal

NEW DELHI Billionaire Sajjan Jindal's JSW Energy Ltd has agreed to buy a 1,000 megawatt power plant from his brother's heavily indebted Jindal Steel and Power Ltd in a deal valued at up to $976 million, the companies said on Wednesday.

Top News, Deals 6:59pm IST

World stocks retreat for second day on growth worries

LONDON World stocks fell for the second successive day on Wednesday and metals prices declined, pressured by signs of a renewed and prolonged downturn in global growth.

6:55pm IST

Euro zone businesses trudged into the second quarter - PMI

LONDON, Euro zone business growth was slow but steady last month, a survey showed on Wednesday, suggesting the European Central Bank's massive stimulus programme is underpinning activity but not yet boosting inflation. Markit's final composite Purchasing Managers' Index for the bloc, seen as a good guide to growth, was 53.0, in line with a

Economy 2:23pm IST

Rich and powerful warn robots are coming for your jobs

LOS ANGELES Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming.

Tech, Top News, 1:14pm IST


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