Netherlands Financial News

BDL Capital Management considers the price Prosus offered for Just Eat Takeaway.com to be unfair to minority shareholders, the Paris-based asset manager said in a report on Tuesday. In late February, the Dutch technology investor agreed to buy Just Eat Takeaway for 20.3 euros per share to create a "European tech champion" of food delivery. The price should be 56.1 euros per share based on BDL's fair value calculation, it said in the report published on its website. BDL holds 2.04% in Just Eat Takeaway, according to LSEG data. This price was calculated by analysing enterprise value-to-gross transaction value (EV/GTV) and EV-to-EBITDA multiples in past Just Eat transactions, other transactions in the sector and for listed peers, BDL said.

Subscribe to enjoy similar stories.NEW DELHI: This month, India’s semiconductor push gathered momentum with Tata Electronics’ pact with Dutch major ASML and two new projects, a mini/micro-LED display fabrication unit in Dholera and an OSAT packaging facility in Surat.With nearly a dozen semiconductor initiatives now underway, how close is India to becoming self-reliant in chips?Tata Electronics’ pact with ASML, the world’s leading maker of chip lithography equipment, marks a key step in India’s entry into global semiconductor manufacturing by securing access to critical technology. Alongside the two projects announced in May—a micro-LED display fab in Dholera and an OSAT packaging facility in Surat with a combined investment of ₹3,936 crore—the move broadens India’s semiconductor base.The micro-LED fab positions India in advanced display manufacturing, while the OSAT unit helps plug a packaging gap, reducing dependence on Taiwan and Malaysia.

Subscribe to enjoy similar stories.Shares of Tata Steel fell about 4% on Monday despite a robust March quarter performance, as concerns mounted over possible closure of its coke and gas plants (CGPs) in the Netherlands due to emission norm breaches.The stock reaction was driven by regulatory risks at Tata Steel Netherlands (TSN). In April, local agencies issued a letter to TSN expressing their intention to revoke permits for its 40–50-year-old CGPs, citing non-compliance with emission norms.While TSN could procure coke from the market if the units are shut, that would significantly dent profit margins and could render operations commercially unviable.The regulator’s move can impact the financial stability of TSN, “given the significance of the facilities to TSN’s operations,” the company said.

Subscribe to enjoy similar stories.The polar regions fascinated Daniel Liss ever since he was a child.He would study maps and globes, picturing the people and animals who call the coldest reaches of the Earth home. As an adult, he crisscrossed the Alaskan frontier, lived in Sweden, and visited the Norwegian island town of Longyearbyen, one of the world’s northernmost settlements.In December, he crossed a big item off his bucket list, sailing on an Antarctic cruise with Oceanwide Expeditions.

Subscribe to enjoy similar stories.The likes of Intel and Micron Technology have powered the market higher in recent weeks but escalating geopolitical worries could scuttle the chip-stocks rally.In a research note published on Monday, Gavekal Research CEO Louis-Vincent Gave named the looming summit between U.S. President Donald Trump and China’s premier Xi Jinping as one reason for investors to feel cautious about the semiconductor sector.The two leaders are set to meet in China on Thursday and Friday, Beijing confirmed.Trump needs to replenish the U.S.

Subscribe to enjoy similar stories.The surging shares of US chipmakers such as Intel and Micron point to a deeper shift in artificial intelligence (AI). First, the narrative is moving from a speculative buzz around AI models to hard spending on the infrastructure that powers them. Second, big money is flowing into computing power and memory, the choke points of the AI economy.

Subscribe to enjoy similar stories.Crude oil, the undistilled kind right out of the ground, was known to the Mesopotamians, Persians and Babylonians. The Chinese were the first to dig shallow wells and transport flammable oil through bamboo pipelines. Canadian geologist Abraham Gesner was the pioneer who began to distil oil and coined the term ‘kerosene’ in the mid-1850s.

Subscribe to enjoy similar stories.Sun Pharma would appear to have got itself a sweet deal when it agreed to acquire all outstanding shares of US-based Organon for $3.7 billion in cash at $14 per share.The US pharma company had outstanding debt of $8.6 billion at the end of 2025, annual sales of $6.2 billion and adjusted Ebitda of $1.9 billion (i.e., earnings before interest, taxes, depreciation and amortization). Its enterprise value of $11.75 billion, as widely reported, is the sum of its stock value and debt, less cash on hand.

Subscribe to enjoy similar stories.SÃO PAULO—A Brazilian gang founded in the country’s violent prisons is fast becoming one of the world’s biggest criminal organizations, reshaping global cocaine flows from South America to Europe’s busiest ports and edging into the U.S.Long under Washington’s radar, the First Capital Command, known by its Portuguese initials PCC, started out as a disgruntled band of inmates fighting for soap and toilet paper in the 1990s.It now has some 40,000 members behind bars and on the streets with a vast network of affiliates—making it the largest criminal group in the Americas by some estimates, operating in nearly 30 countries on every continent except Antarctica.“The PCC has become a truly transnational group,” said Lincoln Gakiya, Brazil’s top PCC prosecutor, who has tracked its rise for two decades. “I believe it is now the fastest-growing criminal organization in the world.”With the scale of Italian organized criminal groups and the efficiency of a multinational corporation, the PCC has helped drive record cocaine seizures in Europe and sparked violent turf wars in the heart of major ports in Belgium and the Netherlands.Prosecutors and police in Brazil are calling on President Trump to label the PCC a Foreign Terrorist Organization, joining more than a dozen other Latin criminal networks.The PCC is organized crime at its most organized, prosecutors say.Unlike the narco-tycoons of Mexico, the heavily armed Colombian cocaine militias or the flashy drug lords of Rio de Janeiro’s Red Command gang, PCC members keep a low, businesslike profile, seeking fortune not fame—and shying away from the kinds of gratuitous violence that attract police and TV news crews.

Subscribe to enjoy similar stories.On 17th April Seyed Abbas Araghchi, Iran’s foreign minister, declared that commercial passage through the Strait of Hormuz was “completely open”. Shortly afterwards Donald Trump, America’s president, echoed his words: the conduit was “completely open and ready for business”.

Subscribe to enjoy similar stories.Over a small, private dinner of spinach soup, scallops and Diet Coke on Monday night, President Trump told the Dutch king and queen that he wants to bring the war in Iran to a swift end.The only way to get Tehran back to the negotiating table, Trump explained to his royal guests and Dutch officials at the White House dinner, was to increase the pressure, officials briefed on the dinner said.The Dutch government already had declined to help Trump with a blockade on Iranian ports, which it called “worrying” and an “escalation upon escalation.” Dutch Prime Minister Rob Jetten, who had seized on the monarchs’ visit to secure an invitation and speak to Trump, told the president that European allies would stand up an international coalition to help secure the Strait of Hormuz—but only after the fighting ended.“We agree to disagree,” Jetten told reporters afterward. The meal “was too short to convince each other, but long enough to get a better understanding of each other’s positions.”The dinner laid bare the conundrum before Trump as he tries to ratchet up economic pressure on Iran, even as he declared that the war is “very close to over.” While Trump said that he would be announcing “other countries” that will be involved with the blockade, none have stepped forward, and many have outright refused.

Subscribe to enjoy similar stories.There is angst in the air about the US dollar’s once and future global role. For insight into the greenback’s prospects, pundits have looked to the British pound sterling, the dollar’s predecessor as the dominant international currency, and asked how economic stagnation, heavy debts and failed geopolitical adventures, like that in Suez in 1956, conspired to rob it of its global role.But informed observers can draw on a much longer history of international currencies—units used in cross-border transactions—stretching from the Dutch guilder of the 17th and 18th centuries back to the Florentine florin of the 14th and 15th centuries and the silver denarius of ancient Rome.In fact, it can be argued that the Roman denarius was the first true international currency.

For centuries the so-called cannon shot rule determined who controlled the seas. The legal concept, codified by Dutch jurist Cornelius van Bynkershoek in 1702, was simple: The distance a cannonball reached from shore set the maritime boundary of a coastal state.

Mint explains what we know so far about the new variant, and how concerned you should be.The latest variant is a part of the Omicron strain that swept across the globe in late 2021. It was first detected in 2024 in South Africa but had remained dormant until now, causing it to be dubbed ‘cicada’ (after the insect that remains underground for long periods before suddenly emerging).It has an unusually large number of mutations in its spike protein compared to LP.8.1, the strain used as the basis for the 2025-26 vaccines.

standing out in a falling market, and what’s driving their strength.Lupin is trading at ₹2,335, just shy of its 52-week high of ₹2,376, and is up 11% so far in 2026.An integrated pharmaceutical company, Lupin operates across formulations and APIs, with formulations contributing about 95% of revenue. Geographically, the US remains its largest market, followed by India and other developed and emerging markets.It ranks as the third-largest pharmaceutical player in the US by prescriptions and eighth in the Indian market.Financially, Lupin has delivered steady growth.

₹9,000 crore to become the country’s fourth-largest paint company, sees stronger growth potential in industrial coatings than in the decorative segment, Parth Jindal managing director of JSW Paints and chairman of JSW Dulux, the erstwhile AkzoNobel India, told Mint.“We have global R&D capabilities after we acquired Akzo Nobel and particularly in the absence of Birla Opus in the industrial paints space we see less competition,” Jindal said. He added that a potential shift towards electric vehicles (EVs), driven by the West Asia conflict, could further boost demand.The conflict has already started influencing the EV market.

the Netherlands has produced—under judicial compulsion and apparently with a straight face—is a mechanism that may force investors to sell assets simply to fund tax bills on gains that have not actually been realized.The broader concern is not the Dutch policy alone, but the trend it represents.Spend time in any corner of social media where economics is debated and you will encounter a growing community of neo-socialists who have arrived at a remarkable conclusion: socialism did not fail—it was simply never implemented properly.In this narrative, the Soviet Union, Maoist China and Cuba were merely flawed attempts at what is fundamentally a sound idea.The right people, armed with modern technology and the right intentions, will supposedly get it right this time.Within this worldview, taxing paper gains is not seen as overreach but as an obvious act of justice. The rich are simply too rich; their wealth—even the theoretical kind—is viewed as an affront that the state should correct.The notion that market value represents real money that the government is entitled to immediately, rather than when an asset is sold, fits neatly into this framework.

The court waived the mandatory 30-day "reconsideration period," usually required by the 2023 guidelines, noting that the patient's family, medical boards, and the state were in unanimous agreement. Active euthanasia involves a deliberate act to end a patient's life, such as administering a lethal injection.

NEW DELHI: India’s steadily rising mobile phone exports, which generated $11 billion in revenue in the first six months of the current fiscal, are expected to take a multi-billion-dollar hit as a result of a prolonged impact of the Iran war on consumption, imports and freight transit in the Gulf region.Executives, analysts and brokerage firms estimate a loss of $2 billion-3 billion on India’s electronics exports, largely because electronics manufacturing services (EMS) companies export a sizeable quantity of mobile phones to the Gulf area—a key trade and consumption hub.Mobile phones are among the top five most-impacted commodities as a result of the Gulf nations and the West Asia region being directly affected in Israel and the US’s war on Iran, analysts Suvodeep Rakshit and Swarupjit Palit at brokerage firm Kotak Institutional Equities wrote in a note to investors on 6 March.The analysts cited India’s commerce ministry data to say that mobile phone exports to the Gulf and West Asia rose to $3.1 billion in FY25, accounting for 12% of the country’s net electronics exports. This entire chunk may be affected and EMS companies that rely significantly on mobile phone manufacturing may be substantially hit, at least in the current quarter and next.If the conflict continues, the entire $3 billion in export value may be wiped off in the next fiscal year, the Kotak analysts said.

The battle for market share in India’s ride hailing industry between American giant Uber and homegrown Rapido has intensified, even as the once-dominant position of the country’s first major ride-hailing service—Ola Cabs—steadily erodes.In a bid to bulk up its financial firepower, Uber has pumped nearly ₹3,000 crore into its India unit in recent months to take on the challenge from Bengaluru-based Rapido, which entered the current fiscal year with a stronger cash position and has rapidly gained market share.The Indian unit of US-based Uber Technologies Inc got ₹2,721 crore in January from Uber BV, the Dutch arm of Uber, following a ₹200-crore investment made in November, according to a Mint review of the financials filed with the ministry of corporate affairs (MCA).On the other hand, Rapido received ₹125 crore funding in FY26 from Nexus Ventures. Its last significant capital round was a $200-million series E raise in 2024 led by WestBridge Capital, which made it a unicorn (startup with a billion-dollar valuation).However, Rapido ended last fiscal (FY25) with ₹345 crore free cash in hand, while Uber had ₹292 crore, MCA data showed.Experts note that in the ride hailing business, higher cash in hand of companies can help in incentivising drivers and customers, which in turn will help in defending market share.The buildup of cash reserves by the two rivals signals that the ride-hailing war between Rapido and Uber is entering a new phase, a fact underscored by Uber’s chief executive Dara Khosrowshahi last year.

The JSW Group, which acquired Akzo Nobel India Ltd last year, plans to plough the money that used to be paid as royalty for the Dulux brand back into its paints business and widen its market share.JSW Paints acquired the decorative paints business of Akzo Nobel India, which includes the popular Dulux brand, for ₹9,000 crore in June 2025. Earlier, 3% of the value of decorative paints sales was paid as royalty to its global parent for use of the brand, but that has now stopped.“In the month of June 2025, we acquired the decorative IP and the Dulux brand is now owned by Akzo Nobel India… So, the royalty ceased to exist, which translates to roughly around 60 crore to 65 crore rupees, depending on the revenue trajectory,” Krishna R, chief financial officer of Akzo Nobel India, said during a post-earnings interaction with analysts.

A recent report by the Haut-Commissariat à la Stratégie et au Plan that urged the EU to consider either steep tariffs on Chinese imports or a deliberate weakening of the euro against the renminbi has triggered reactions well beyond Paris and Brussels. What began as a domestic French strategic recommendation has evolved into a wider debate about Europe’s economic direction and its role in an increasingly fragmented global trading system.The proposal, suggesting tariffs of up to 30% or a 20–30% euro depreciation, reflects mounting anxiety over Europe’s widening trade imbalance with China and its erosion of industrial competitiveness.