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Vedanta To Buy Majority Stake In Japan's Avanstrate Inc | Business Standard News
Mining billionaire Anil Agarwal- led Vedanta Ltd today announced acquisition of a controlling stake in Japanese glass substrate manufacturer AvanStrate Inc from global private equity firm Carlyle Group. Its wholly owned subsidiary Cairn India Holdings Ltd (CIHL) will invest USD 158 million in AvanStrate as part of the transaction which also includes taking over debt and extending a loan, the company said in a statement. It will take over AvanStrate's debt of USD 151 million from the company's lenders and … Full investment news article
Relevent to this post: Nomura
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Tax Cuts Might Create Jobs. But Where Are The Workers? - Dec. 27, 2017
The GOP tax reform was billed as a job creator. But there's one thing missing: Workers. : The United States has 6 million job openings -- near a record high. The good news is that means companies are hiring. The negative: They can't find the workers they need at the price they're willing to pay. The lack of available and skilled workers is another reason why many economists say now is not the right time to juice the economy by … Full investment news article
Relevent to this post: Wells Fargo & Company
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