Nippon

Trump signals approval of Nippon deal, US Steel to Stay in Pittsburgh

President Donald Trump said on Friday that US Steel will keep its headquarters in Pittsburgh as part of what he called a planned partnership that seemed to signal that he'll approve a bid by Japan-based Nippon Steel to buy the iconic American steelmaker. Still, Trump's statement left it vague as to whether he is approving Nippon Steel's bid after he vowed repeatedly to block it. But investors seemed to take it as a sign that he would approve it, sharply pushing up US Steel's shares. Nippon Steel's nearly USD 15 billion bid to buy US Steel was blocked by former President Joe Biden on his way out of office and, after Trump became president, subject to another national security review by the Committee on Foreign Investment in the United States. Trump said in a statement that after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh. What Trump called a planned partnership will create at least 70,000 jobs and ad

Top five fund houses drove 58% of folio growth in FY25: Amfi data

Nippon, HDFC, Motilal Oswal, ICICI Prudential, and SBI led folio growth with 31.6 million new accounts in FY25, backed by equity fund performance and new offerings

New Nippon funds close April 30, experts say tread with caution

Nippon's new NFOs promise low-cost exposure, but analysts warn: don't confuse passive investing with guaranteed returns. Know the risks before diving in.

AM/NS India targets 70% of its production to be 'green steel' by FY27

With India's new green steel taxonomy expected to be implemented in FY27, AM/NS is confident in its ability to lead the Indian green steel industry

Nippon Life India launches two open-ended index funds; check details

The New Fund Offer (NFO) for both funds will open for subscription on April 16, 2025 and close on April 30, 2025

Nippon, ICICI Pru lead MF AUM growth in FY25; Motilal Oswal doubles assets

Its average AUM in the quarter ending March 2025 stood at Rs 5.6 trillion compared to Rs 4.3 trillion in the quarter ending March 2024

HDFC Bank, Trent: 10 stocks you can buy to create a resilient portfolio

Trump Tariffs: HDFC Bank, Bajaj Finance, Trent, Adani Power, IGL, and Krsnaa Diagnostics are among top stocks to buy, as per Ventura Securities

Nippon Life India Asset Management hires Andrew Holland to lead SIF foray

Holland was previously the chief executive officer of Avendus Capital Public Markets Alternate Strategies

ArcelorMittal Nippon sues India over raw material import as fight escalates

ArcelorMittal Nippon has already warned New Delhi privately that it may have to severely curtail steelmaking and delay any expansions due to the curbs

Fund review: Nippon India Growth Fund

Fund review: Nippon India Growth Fund

Nippon Steel to start talks with US Commerce Dept over US Steel bid: Prez

The Japanese company's previous merger agreement with US Steel, blocked by the administration of former President Joe Biden, will serve as a starting point for discussions, Prez Imai said

Nippon India Mutual Fund set to launch Nippon India Active Momentum Fund

Invesco Mutual Fund on Thursday announced the launch of Invesco India Business Cycle Fund, a scheme that will invest in equities with a focus on riding business cycles through dynamic allocation

NAM India Q3FY25 results: Net profit increases 4% to Rs 295.4 crore

Nippon Life India Asset Management (NAM India) on Thursday reported a 4 per cent increase in profit after tax to Rs 295.4 crore for three months ended December 2024. The company had a profit after tax (PAT) of Rs 284.3 crore in the year-ago period, NAM India said in a regulatory filing. Revenue from operations rose by 39 per cent to Rs 587.9 crore during the period under review from Rs 423.3 crore for the third quarter ended December 31, 2023. "We witnessed a continued increase in overall market share with key positives being net sales and SIP (Systematic Investment Plan) market share remaining above equity market share as well as an increase in SIP flows despite adverse market movements. "We are humbled to have the trust of 20 million unique investors, i.e. over 1 in every 3 mutual fund investors, highest in the industry," Sundeep Sikka, ED & CEO of NAM India, said. As of December 2024, NAM India has assets under management of Rs 6.56 lakh crore, including Nippon India Mutual ...

Nippon Life launches its first fund from GIFT City for global investors

The firm aims to be the partner of choice for global investors seeking exposure to India and for Indian investors looking for global solutions

US Steel, Nippon move court against Biden blocking $14.9 billion deal

Second lawsuit is against Cleveland-Cliffs, its CEO Lourenco Goncalves, and USW union President David McCall "for their illegal and coordinated actions" aimed at preventing the deal

Review of Nippon partnership ongoing as US Steel shares tumble, says US

statement comes after shares of US Steel tumbled more than 10 per cent on Tuesday afternoon following a Bloomberg report suggesting the deal would be killed in short order

Nippon India AMC Q2 profit surges 47% to Rs 360 cr; Zinc hits 20-month high

Spark Private Wealth Management (PWM) on Thursday said its assets under management (including advisory) has crossed the Rs 25,000 crore mark

China testing Indo-Pacific region at turbulent time: Biden to Quad leaders

President Joe Biden told Indo-Pacific allies on Saturday that he believes China's increasing military assertiveness is an effort to test the region at a turbulent moment for Beijing. Biden's comments were caught by a hot mic after he and fellow leaders of the Quad delivered opening remarks before the press at a summit he's hosting near his hometown of Wilmington, Delaware. He said his administration sees Beijing's actions as a change in tactic, not a change in strategy. China continues to struggle to pull up its economy that was pummelled by the coronavirus pandemic and has seen an extended slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. At least from our perspective, we believe Xi Jinping is looking to focus on domestic economic challenges and minimize the turbulence in China's diplomatic relationships, and he's also looking to buy himself some diplomatic space, in my view, to aggressively pursue China's ...

Nippon Steel to sell $211 mn in assets to manage debt amid US Steel deal

The Japanese company's debt-to-equity ratio is expected to increase to 0.9 from 0.5 as a result of the US Steel deal which both companies target to close by the end of December

US decision on Nippon bid for US Steel pushed back until after election

Robust CFIUS reviews take 90 days but it is common for companies to withdraw their filings and resubmit them to give them more time to address the panel's concerns