Street Poller Media and The Boom of the Street Interview Ad Industry 
Trump Secures Drug Pricing Deals With Nine Pharma Companies 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
OpenAI Nears Astra AI Model Launch With Safety Focus 
OpenAI Rejects Apple Trade Secret Theft Claims 
CATL Shares Fall as Hungary Plant Faces Safety Halt 
Oil Prices Rise as US-Iran Conflict Threatens Middle East Supply 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
Japan Bond Yields Top 3% as Inflation, Fiscal Risks Rise 
Aon Nears $17 Billion Deal to Buy USI Insurance From KKR 
Treasury Yields Set to Stay High as Debt Supply Pressures Bond Market 
Bessent Urges Japan on Fiscal Discipline, BOJ Rate Hikes 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
CIA-Linked Investor Helped Quantum Systems Expand in US 
Asian Stocks Slip as Fed Rate Hike Bets and Oil Surge Weigh 
Gold Prices Slide as Iran Conflict Fuels Fed Rate Hike Bets 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Add as a preferred source on Google
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.
