Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+ 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
OpenAI Restricts Astra AI Over Cyberattack Risks 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Posco, a South Korean steelmaking company, was revealed to have signed a partnership agreement with Adani Group, the Ahmedabad, India, headquartered conglomerate. On Thursday, Jan. 13, it was announced that the two would be working together to build a steel mill in India.
Posco said it would build an integrated steel mill in India in partnership with Adani. It further shared that they will also work on other projects that will help reduce carbon emissions.
According to The Korea Herald, Posco and Adani are now checking out one location located in the western state of Gujarat. They are currently considering this as a possible site for the new steel mill that will be built using the estimated investment worth around $5 billion.
“Under the latest deal, Posco’s strength in steelmaking technology and Adani Group’s expertise in energy and infrastructure will create synergy in future sustainable businesses,” Posco’s chief executive officer, Choi Jeong Woo, said in a statement. “I hope this becomes a role-model project for business cooperation between Korea and India.”
Reuters reported that the steel mill project is part of an agreement between Posco and Adani. The deal will also give the former a new opportunity to cash in on the growing demand for steel in the South Asian region.
Their partnership deal is to explore business opportunities using their $5 billion investment, and they are planning to cover other industries, including hydrogen, logistics, and renewable energy.
Adani is also aiming to put in $20 billion in renewable energy in the 10 years as one of its goals is to make its port business a net-zero carbon emitter by the year 2025.
“We are happy to promote cooperation with Posco, which is the most competitive steelmaker in the world. Gautam Adani, Adani Group’s chairman, said. “This partnership will contribute to the growth of the Indian manufacturing industry and play a major role in strengthening our position in future environmental friendly businesses.”
Adani Group was founded in 1988, and it is the biggest energy and logistics company in India. On the other hand, Posco is also the leading steelmaker and one of the top companies in South Korea.
