Steel tycoon Jindal keen to acquire bankrupt Indian shipyard Reliance Naval & Engineering

Mumbai: Jindal Steel & Power Ltd., India’s third-largest producer of the alloy by market value, and two other groups were the latest to express interest in bidding for Reliance Naval & Engineering Ltd., according to people familiar with the matter. For Jindal Steel, controlled by Naveen Jindal, Reliance Naval can be a captive client for […]

UAE’s non-oil economy posts modest gains in February

Dubai: The UAE’s purchasing managers’ index (PMI) data for February showed a modest increase in non-oil private sector output with improved business expectations. However, the underlying data indicated fresh disruptions to the UAE non-oil private sector in February, as rising coronavirus disease (COVID-19) cases led to increased restrictions in parts of the economy and hampered […]