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KKR, Apollo-backed venture Aion to weigh Indian steelmaker deals

  Bloomberg KKR & Co and Aion Capital Partners, a private equity firm backed by Apollo Global Management LLC, are among investors considering buying stakes in beleaguered Indian steelmakers, people with knowledge of the matter said. KKR and Aion are weighing investments in companies including Uttam Galva Steels Ltd, backed by billionaire Lakshmi Mittal, and Bhushan Steel Ltd., the people ...

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Rise in import costs helps Coal India shrink stockpiles

  Bloomberg Coal India Ltd, the world’s biggest producer of the fuel, sees rising international prices helping it shrink swollen stockpiles and gain more buyers as domestic customers shun imports in favor of local supplies. Increasing Australian and South African prices have made imports more expensive, which may boost demand for domestic coal, said Marketing Director SN Prasad. Thermal coal ...

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Samsung in talks with BYD to buy stake in electric-car maker

  Bloomberg Samsung Electronics Co, the world’s largest maker of phones and memory chips, said it’s in talks with BYD Co. about investing in the Chinese electric-car manufacturer. Details including the size of the investment will be disclosed when they’re confirmed, Samsung said. The investment in BYD, backed by Warren Buffett’s Berkshire Hathaway Inc, would bolster Samsung’s semiconductor business for ...

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