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Tuesday, January 27, 2026
TopicNumetal Ltd.

Topic: Numetal Ltd.

Lakshmi Mittal on the verge of getting control of Essar Steel and entering India

Swansy Afonso -
ArcelorMittal will now begin final negotiations with creditors of Essar Steel under India’s bankruptcy laws.

Essar Steel may not even be bankrupt by the time bidding for it ends

Andy Mukherjee -
If Numetal decides to pay for Essar’s defaults, bidding to resolve the high-profile bankruptcy will be one where the firm isn’t even bankrupt anymore.

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Economy

Most EU firms eye India expansion post-trade deal, 90% say profitability to go up—FEBI survey

Vaibhav Pant -
FEBI survey reveals Europe’s big bet on manufacturing, innovation hub amid ‘mother of all trade deals’, but flags regulatory concerns.

Defence

India, EU sign security & defence pact. How it links Indian firms to ‘ReArm Europe’ network 

Keshav Padmanabhan -
The agreement comes despite differences between India and the EU on issues such as Russia-Ukraine war, showcasing the intent to deepen strategic ties. 

National Interest

Non-alignment is coming back in a new avatar: Trump-peedit alliance

Shekhar Gupta -
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.

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