CCI clears Nippon Steel’s full takeover of Krosaki Harima:

CCI clears Nippon Steel’s full takeover of Krosaki Harima:

Daily Current Affairs   /   CCI clears Nippon Steel’s full takeover of Krosaki Harima:

Change Language English Hindi

Category : Business and economics Published on: January 09 2026

Share on facebook
  • The Competition Commission of India (CCI) has approved Nippon Steel Corporation’s acquisition of Krosaki Harima Corporation.
  • Under the proposed deal, Nippon Steel will acquire an additional 53.4% stake in Krosaki through a tender offer and possible squeeze-out, raising its total ownership to 100%, from the existing 46.6%.
  • Krosaki Harima, a publicly listed Japanese company, operates in India through affiliates engaged in manufacturing and selling refractory products and services for industries such as iron and steel, cement, aluminium, power, copper, and lime.
  • Japan-based Nippon Steel has operations in India involving the manufacture of tubes and pipes, processing of automotive cold-rolled steel sheets, crankshafts, auto components, and the import and sale of various steel products.
Recent Post's
  • LIC launched MyLIC and Super Sales Saathi apps to provide seamless digital services for customers and agents.

    Read More....
  • Rajya Sabha Election Harivansh became the first nominated member to be re-elected unopposed as Rajya Sabha Deputy Chairman for a third term.

    Read More....
  • Chhattisgarh UCC Chhattisgarh approved a high-level committee to draft a framework for implementing the Uniform Civil Code in the state.

    Read More....
  • India’s Economy Ranking India became the world's 6th largest economy in 2025 with a GDP of $4.15 trillion, according to IMF data.

    Read More....
  • The Asian Development Bank raised India’s GDP growth forecast for FY27 to 6.9% citing strong domestic demand.

    Read More....
  • World Hemophilia Day 2026 was observed on April 17 with the theme “Diagnosis: First Step to Care.”

    Read More....
  • Punjab Police partnered with IIT Ropar to develop an AI-based system for real-time crime tracking and data analysis.

    Read More....
  • The Philippines joined the US-led “Pax Silica” initiative to secure global semiconductor supply chains and build an industrial hub.

    Read More....
  • PM Narendra Modi will chair India’s first high-level conference dedicated exclusively to the Central Armed Police Forces.

    Read More....
  • The Supreme Court ruled that dowry givers who are victims of harassment cannot be prosecuted under the Dowry Prohibition Act.

    Read More....