The Committee of Creditors have issued ArcelorMittal and its partner Japan's Nippon Steel & Sumitomo Metal Corp a Letter of Intent declaring them as the "successful applicant".
Setting aside the NCLAT order, a 3-judge bench headed by Justice R F Nariman, said the two set of creditors will be treated differently during the insolvency proceedings and taking over of a debt-ridden firm by another company.
At least 28 people died in rain-related incidents Sunday as heavy downpours lashed north and northwest India, causing landslides, traffic chaos and house collapses, as well as a dam breach which inundated several villages in Haryana.
Erigaisi Arjun was held to a draw by Alexey Sarana of Serbia
French government is up in arms against Lakshmi Mittal after 629 workers lost their jobs on closure of two furnaces of ArcelorMittal. Things have got so bad that President Holland has threatened to temporary nationalise ArcelorMittal. In France, people consider him as a big-bad mega-rich Indian who came to lay off workers and drive French steel industry to ruin.
>Whether it is a close friend, family member or an unavoidable situation in general, the involvement of a third person in a relationship will inevitably lead to conflict, observes rediffGURU Ravi Mittal.
India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.
The telecom industry, he said, is vital to the nation and the digital agenda of the government.
India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives.
'I have no doubt that when she was prevented from meeting Kejriwal, she felt humiliated.'
But he is actively pursuing greenfield steel plants in Karnataka and Jharkhand; ultimately, only one of these might come up.
Sources close to the development said a significant amount of around Rs 7,000 crore had been put into the SBI account with a proposal on escrow of the deposited funds.
These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
Mittal would travel in trucks with his consignments.
The merger will create a company with nearly a 10 per cent share of global production
Prime Minister Narendra Modi on Wednesday said the world looks at India as an important pillar of stability, a trusted friend, an engine of growth in the global economy, a technology hub for finding solutions and a powerhouse of talented youth. He also said that in the rapidly changing world order, India is moving forward as 'vishwa mitra' (friend of the world). Speaking at the inauguration of the 10th edition of the Vibrant Gujarat Global Summit, which saw participation of state hea
At a time when the Indian startup space is going through a funding winter, marked by investors tightening their purse strings, angel investments in fledgling firms have maintained their momentum. While overall deal volumes among startups have fallen, investment activity among the country's most-active angel investors have been relatively steady. We Founder Circle (WFC), a Mumbai-based network of angel investors, emerged as the most-active angel investment platform for the second consecutive year in 2023 with 82 investments.
Serum Institute of India chief Adar Poonawalla will pay 138 million (about Rs 1,444 crore) for a Mayfair mansion in London in one of the city's most expensive home sales of the year
Aravindh Chithamabaram took his tally to 3.5 points out of a possible four.
The 'Pran Pratishtha' of the idol of Ram Lalla -- the childhood form of Lord Ram -- will be attended by people from all walks of life, including representatives of major spiritual and religious sects of the country and of various tribal communities and prominent personalities.
ArcelorMittal wants to cash in on the demand for steel in India but said it is constrained by the delays in getting mining and environmental clearances for the projects.
rediffGURU Ravi Mittal offers advice on how to handle problems in your relationship.
The auction of radio waves used for mobile services saw a muted opening on Tuesday, with five rounds attracting bids worth about Rs 11,000 crore from telecom companies. The government has put over 10,500 Mhz spectrum in eight frequency bands -- 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz and 26 GHz, valued at Rs 96,238 crore at base price, for auction.
In a major setback for steel giant Mittal Steel, Arcelor announced a merger with Russian company Severstal on Friday.
Top industrialists including Sunil Mittal, chairman, Bharti Airtel on Thursday called on Home Minister P Chidambaram.
When indulging in an office romance, boundaries are a must. You might be flying high on the bliss of a new relationship, but your colleagues are not obliged to enjoy the PDA, says rediffGURU Ravi Mittal.
At the end of the fifth round India's Aravindh Chithambaram is now followed by four players -- the Iranian duo of Amin Tabatabaei and Bardiya Daneshvar and Americans Hans Moke Niemann and Sam Shankland -- who all have four points each.
Are you struggling with dating? rediffGURU Ravi Mittal, CEO, Quack Quack, the online dating platform, will answer your queries.
Delusionship is a state of mind; it is that mental rollercoaster where someone crafts a whole love story in their mind, from a dazzling proposal to happily-ever-after with kids, all without even uttering a 'hello' to their crush in reality, explains rediffGURU Ravi Mittal, CEO, Quack Quack, an online dating app.
Ravi Mittal, CEO, Quack Quack, explains how casual dating will pave the way for manifest dating and more serious relationships in 2024.
World number seven Erigaise Arjun started his campaign on a positive note, outplaying Eltaj Safarli of Azerbaijan in the first round of the Sharjah Masters chess tournament in Sharjah.
The Supreme Court on Monday came to the rescue of 284 students from ethnic violence-hit Manipur by giving them the option of attending classes online at Manipur university or getting relocated to Assam University in Silchar or the North East Hill University in Shillong.
The 68-year-old senior lawyer was earlier married to Meenakshi (his first wife) and Caroline Brossard later in 2020.
Billionaire Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum, which will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel, sources said. Applications for participating in the July 26 auction of airwaves, including those capable of providing fifth-generation or 5G telecom services such as ultra-high-speed internet connectivity, closed on Friday with at least four applications. Jio, Airtel and Vodafone Idea -- the three private players in the telecom sector -- applied, three sources with knowledge of the matter said.
NRI steel magnate Lakshmi Mittal and his family on Thursday dismissed as "baseless" the claim made by Adina Kohn, a property consultant for a 350,000 pounds commission for the 70 million pounds mansion purchased by them recently.
An amazing architectural masterpiece, 'ArcelorMittal Orbit' is a 115 metres (377 ft) high observation tower in the Olympic Park in Stratford, London.
Rajya Sabha MP Kapil Sibal on Friday described the electoral bonds scheme as a 'very big scam' and demanded that a special investigation team (SIT) be set up with court-appointed officials to probe the alleged quid pro quo and wrongdoings under it.
An ArcelorMittal spokesperson told PTI the offer made to the remaining Arcelor shareholders was consistent with the agreement between Mittal Steel and Arcelor signed in June 2006.
Taking a strong view of Google pulling out some apps from its Play Store, the government on Saturday said delisting of Indian apps cannot be permitted and that the tech company and the startups concerned have been called for a meeting next week. In an interview to PTI, IT and Telecom Minister Ashwini Vaishnaw said the startup ecosystem is key to the Indian economy and their fate cannot be left to any big tech to decide. The minister's comments assume significance as Google on Friday began removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments, even as apps and well-known startup founders cried foul.
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