Mumbai-based JSW Steel will transfer the steel business of its unit Bhushan Power and Steel to a joint venture company, in which JFE will invest $1.7 billion for a 50% stake. Billionaire Lucio Tan’s Philippine Airlines Orders Five Airbus A320s Worth $490 MillionThe purchase of the A320s, valued at $490 million, is part of the Philippine Airlines' fleet expansion and modernization amid a post-pande