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The European Union on Monday approved the $14 billion takeover of major American manufacturer US Steel by Japan's Nippon Steel, which US President Joe Biden has opposed.Biden earlier this year opposed the deal because he said it was vital for US Steel "to remain an American steel company that is domestically owned and operated".
Hinduja Group-led IIHL's Reliance Capital acquisition plan has met with another roadblock after IRDAI raised concern over the resulotion plan for the debt-ridden insurance company. The regulator has sought clarification for the same from company
The Mount Washington Community Development Corporation plays an important role as a sounding board for the concerns of 11,000 residents.