If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not ...

Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.

TOKYO, Jan 6 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion ...

TOKYO (AP) — Nippon Steel executive says company stands firm on the US Steel takeover and denies the risks cited by Biden.

WASHINGTON — Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for US Steel from the Biden administration, it was also contending with headwinds from an unlikely source ...

Copyright 2025 The Associated Press. All Rights Reserved. A hot rolling mill at Nippon Steel’s Kashima Plant in Kashima, Japan on Friday, Dec. 6, 2024. (AP Photo ...

Biden's Decision to Block Nippon Steel Takeover Creates Uncertainty for U.S. Steel Workers WASHINGTON (AP) — By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said ...

On Friday, President Joe Biden officially blocked Nippon Steel of Japan from purchasing the United States Steel Corp. over national security concerns. The decision will invite legal challenges and ...

Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt. By River Akira Davis Reporting from Tokyo As signs emerged that President Biden was gearing up ...

U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the ...

Sources say Nippon Steel will take legal action in the US against the decision. Biden released a statement on Friday saying the two firms should drop the planned acquisition within 30 days.

The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the ...