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JFE to invest ¥89 billion in Indian millSteelmaker JFE Holdings Inc. said Tuesday it will buy 48 billion rupees (¥89.13 billion) worth of shares in India’s JSW Steel Ltd., extending a partnership to tap rising automobile demand.JFE’s steel unit will acquire securities convertible into a 14.99 percent stake in JSW Steel, the Tokyo-based company said on its Web site.JFE and larger rival Nippon Steel Corp. are teaming up with mills in India to sell value-added automotive steel to meet demand for cars there as their home market stagnates.JFE in November agreed to cooperate with JSW Steel, India’s third-largest steelmaker, on automobile steel.“The big steel mills globally are trying to get into the Indian market through acquisitions or by buying stakes,” Goutam Chakraborty, an analyst with ICICI Securities Ltd. in Mumbai, said before Tuesday’s announcements.TwitterFacebookLinkedInGET THE BEST OF THE JAPAN TIMESIN FIVE EASY PIECES WITH TAKE 5Mail the editorError ReportRepublishingCommenting PolicyJOIN THE CONVERSATIONLATEST BUSINESS STORIESWorkplace equality '新时时彩_玩法技巧 decades away' in Britain as men dominate top jobsEquality for women at work is decades away in Britain, according to a study released Monday that found just 6 percent of chief executives at leading companies are female, with representation in som...Tsai's election victory set to bolster Taiwan's buoyant marketsA winning run for Taiwan's financial markets is set to be reinforced by Saturday's landslide election victory for President Tsai Ing-wen.That's the view of market watchers and analysts, with th...Ex-drug company execs face reckoning in opioid bribery caseThe founder and former top employees of a pharmaceutical company are facing a reckoning for their role in a bribery scheme that prosecutors say boosted sales of a powerful, highly addictive painkil...

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