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Steel Tycoon Laxmi Mittal Likely To Leave UK Due To Tax Reforms: Report
Laxmi Mittal owns several estates in the UK, including a mansion in Kensington Palace Gardens, pegged as the world's most expensive home when it was bought it in 2004.
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Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver
Government's decision to remove import duty on certain raw materials of steel industry will lead to lower costs for domestic steel manufacturers
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ArcelorMittal To Invest Rs 50,000 Crore To Set Up Steel Plant In Odisha
A Memorandum of Understanding was signed between the Odisha Government and ArcelorMittal Nippon Steel for setting up a 12 million tonne steel plant in the Kendrapara district
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Aditya Mittal To Take Over From His Father As CEO Of ArcelorMittal
Aditya Mittal will take over as Chief Executive Officer of ArcelorMittal, the world's leading steel and mining company his father Lakshmi N Mittal founded in 1976.
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ArcelorMittal Signs Deal to Suspend Plans to Exit Ilva Steelworks
ArcelorMittalsaid on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled plant, which it took over in 2018. The accord provides a respite in the four-month dispute that has seenArcelorMittal threatening to hand back Ilva to the...
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Lakshmi Mittal Donated 10,000 Pounds To Boris Johnson's UK PM Campaign
UK-based Indian-origin steel magnate Lakshmi N Mittal contributed 10,000 pounds to back Boris Johnson in his campaign to become the UK's new Prime Minister last month, according to an official document.
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Steel Magnate Lakshmi Mittal's Brother Held In Bosnia For Suspected Fraud
Industrialist Pramod Mittal, the younger brother of steel magnate Lakshmi Mittal, was arrested Wednesday in Bosnia for suspected fraud and "abuse of power", a prosecutor said.
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Tribunal Rejects Plea Against ArcelorMittal's Bid For Essar Steel
The Essar Steel case has dragged on for about 700 days and has seen global and local steel firms locking horns to grab Essar's assets
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Ratan Tata, Mukesh Ambani Among Guests At PM Modi's Oath Ceremony
Industrialist Mukesh Ambani, veteran industry leader Ratan Tata, steel baron L N Mittal and Adani Group head Gautam Adani were among the corporates present at the grand swearing-in ceremony of Prime Minister Narendra Modi and his Cabinet of Ministers in New Delhi today.
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Advantage China, As Tata Steel Merger Stopped By European Commission
German industrial conglomerate Thyssenkrupp said on Friday that it was scrapping merger plans with steel giant Tata and would slash 6,000 jobs worldwide in a structural shakeup. The reason: the European Commission's reluctance to the merger.
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Supreme Court Halts ArcelorMittal's Payment To Buy Essar Steel: Report
Bankruptcy court had earlier approved ArcelorMittal's $6 billion bid for debt-ridden Essar on March 8, potentially ending months of court battles and opening the sector to outsiders.
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Tribunal Approves ArcelorMittal's Rs 42,000-Crore Bid For Essar Steel
The NCLT had approved the resolution plan on March 8 but the matter went to the appellate tribunal, following an appeal filed by Essar's promoters
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Government May Order Management Change In Essar Steel: Report
The move comes even as a fresh petition was filed before NCLAT by Essar executives seeking to set aside ArcelorMittal's winning bid approved by NCLT
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Essar Promoters Move Tribunal Against ArcelorMittal Bid Order
On Friday, the Ahmedabad Bench of the bankruptcy court cleared ArcelorMittal's Rs 42,000 crore resolution plan for acquiring Essar Steel.
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ArcelorMittal's Essar Steel Bid Delaying Planned Joint Venture: SAIL
ArcelorMittal Rs 42,000 crore ($5.9 billion) bid for Essar Steel has been mired in legal wrangling for months.
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Steel Tycoon Laxmi Mittal Likely To Leave UK Due To Tax Reforms: Report
Laxmi Mittal owns several estates in the UK, including a mansion in Kensington Palace Gardens, pegged as the world's most expensive home when it was bought it in 2004.
-
Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver
Government's decision to remove import duty on certain raw materials of steel industry will lead to lower costs for domestic steel manufacturers
-
ArcelorMittal To Invest Rs 50,000 Crore To Set Up Steel Plant In Odisha
A Memorandum of Understanding was signed between the Odisha Government and ArcelorMittal Nippon Steel for setting up a 12 million tonne steel plant in the Kendrapara district
-
Aditya Mittal To Take Over From His Father As CEO Of ArcelorMittal
Aditya Mittal will take over as Chief Executive Officer of ArcelorMittal, the world's leading steel and mining company his father Lakshmi N Mittal founded in 1976.
-
ArcelorMittal Signs Deal to Suspend Plans to Exit Ilva Steelworks
ArcelorMittalsaid on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled plant, which it took over in 2018. The accord provides a respite in the four-month dispute that has seenArcelorMittal threatening to hand back Ilva to the...
-
Lakshmi Mittal Donated 10,000 Pounds To Boris Johnson's UK PM Campaign
UK-based Indian-origin steel magnate Lakshmi N Mittal contributed 10,000 pounds to back Boris Johnson in his campaign to become the UK's new Prime Minister last month, according to an official document.
-
Steel Magnate Lakshmi Mittal's Brother Held In Bosnia For Suspected Fraud
Industrialist Pramod Mittal, the younger brother of steel magnate Lakshmi Mittal, was arrested Wednesday in Bosnia for suspected fraud and "abuse of power", a prosecutor said.
-
Tribunal Rejects Plea Against ArcelorMittal's Bid For Essar Steel
The Essar Steel case has dragged on for about 700 days and has seen global and local steel firms locking horns to grab Essar's assets
-
Ratan Tata, Mukesh Ambani Among Guests At PM Modi's Oath Ceremony
Industrialist Mukesh Ambani, veteran industry leader Ratan Tata, steel baron L N Mittal and Adani Group head Gautam Adani were among the corporates present at the grand swearing-in ceremony of Prime Minister Narendra Modi and his Cabinet of Ministers in New Delhi today.
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Advantage China, As Tata Steel Merger Stopped By European Commission
German industrial conglomerate Thyssenkrupp said on Friday that it was scrapping merger plans with steel giant Tata and would slash 6,000 jobs worldwide in a structural shakeup. The reason: the European Commission's reluctance to the merger.
-
Supreme Court Halts ArcelorMittal's Payment To Buy Essar Steel: Report
Bankruptcy court had earlier approved ArcelorMittal's $6 billion bid for debt-ridden Essar on March 8, potentially ending months of court battles and opening the sector to outsiders.
-
Tribunal Approves ArcelorMittal's Rs 42,000-Crore Bid For Essar Steel
The NCLT had approved the resolution plan on March 8 but the matter went to the appellate tribunal, following an appeal filed by Essar's promoters
-
Government May Order Management Change In Essar Steel: Report
The move comes even as a fresh petition was filed before NCLAT by Essar executives seeking to set aside ArcelorMittal's winning bid approved by NCLT
-
Essar Promoters Move Tribunal Against ArcelorMittal Bid Order
On Friday, the Ahmedabad Bench of the bankruptcy court cleared ArcelorMittal's Rs 42,000 crore resolution plan for acquiring Essar Steel.
-
ArcelorMittal's Essar Steel Bid Delaying Planned Joint Venture: SAIL
ArcelorMittal Rs 42,000 crore ($5.9 billion) bid for Essar Steel has been mired in legal wrangling for months.
