Swan Energy Limited rebranded the acquired company, RNEL, to Swan Defence and Heavy Industries Limited, effective January 02, aiming to establish itself as a key player in naval defence and oil and gas vessel manufacturing. The acquisition was made possible through a partnership with Nikhil Merchant and Hazel Mercantile, with Swan Energy owning a 74% stake in the SPV. The company’s stock rose by 3.06% on Thursday, with plans to collaborate with Balu Forge Industries Ltd. to address demands in the global railways, defence, and aerospace sectors.
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'Maybe US wants to attack anyway': Iran foreign minister on Trump's 2-week window
Iranian Foreign Minister Abbas Araghchi expressed skepticism about the U.S.'s intentions regarding negotiations, suggesting that Washington may be planning an attack on Iran instead. He criticized the U.S. for "betraying" diplomacy and stated that Iran is willing to negotiate, but Israel must first cease its aerial attacks on Iran, following recent Israeli strikes linked to Tehran's nuclear program. Need More Context? 🔎
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