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By contesting elections, the JSPL chairman is mixing politics and business. The consequences for the company could be dire—win or lose.

Acquisition of the German steelmaker would give the Indian steel entrepreneur substantial global heft. But it might also end up extracting a heavy price on his already-stretched group and its investors.
ArcelorMittal's scrapping of green steel plans in Germany signals an uncertain future for decarbonizing the heavily polluting sector. It also casts a cloud on mega investments by Indian steelmakers.
The Indian diaspora in the West has become an important force in shaping India's politics.