This was his first meeting with the Prime Minister since he acquired rival Arcelor.
India's steel market is out of step with global trends. Global demand is weak with China at a huge supply surplus to its domestic demand, pushing down global steel prices. India's domestic demand for steel is strong, given the continuing infrastructure push and is likely to accelerate as urbanisation improves, and the auto sector continues to grow alongside the infrastructure push.
Paving the way for a merger between Arcelor and Mittal Steel, an overwhelming majority of shareholders of the Luxembourg-based firm on Friday voted down a merger proposal from Russia's Severstal.
Mittal said that overall, he expected that by March 2018, the "dust will settle down" for the entire industry.
What's common between Vijay Mallya, Ratan Tata and L N Mittal besides the fact that they are all India-born entrepreneurs looking to dominate global business? All three are victims of economic patriotism in foreign soil.
Without assigning any reason, Justice Dave, who was part of the bench headed by Chief Justice Altamas Kabir, opted out of hearing the pleas of Mittal and Ruia challenging the summons issued to them in the case.
Bharti Televentures Ltd has appointed Sunil Bharti Mittal, Rajan Mittal and Akhil Mittal as the directors of the company.
Arcelor has stoked up its attack against NRI steel tycoon Lakshmi Mittal blaming him for inflaming political opinion over his $22.1 billion
Mittal Steel, owned by NRI steel tycoon Lakshmi Mittal, hopes to reduce some of the tension in France over its hostile $22.1 billion bid to take over Luxembourg-based Arcelor through a meeting next week in Paris with the French Finance Minister.
Ankur Mittal claimed the men's double trap gold medal in the ISSF World Championship for his career's biggest triumph, as the Indian shooting team continued its dominance in the premier shooting tournament.
According to the Asian Rich List 2010, brought out by Eastern Eye, a publication of the Asian Media & Marketing Group, 59-year-old Mittal is followed by the Hinduja brothers -- Srichand and Gopichand -- with estimated wealth of 8 billion pounds, Anil Agarwal of mining group Vedanta Resources with 4 billion pounds, Sir Anwar Pervez of Bestways with 715 million pounds and industrialist Swraj Paul of Caparo with 510 million pounds.
Global steel giant ArcelorMittal on Friday said its executive vice president, member of the management committee and head of strategy, Bill Scotting will be the new chief executive of ArcelorMittal Mining.
Non-Resident Indian business tycoon Lakshmi Mittal, who owns world's largest steel company Mittal Steel, has emerged as the richest man in Europe with a wealth worth 24 billion euros, a study has said.
Communication is the secret ingredient of a healthy green flag relationship, says rediffGURU Ravi Mittal.
It will not shut down two blast furnaces at the Florange facility which will retain 650 workers whose jobs were under threat.
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
Mittal and his son Aditya landed at Bhubaneswar airport around 0930 hours in a chartered aircraft and headed for the state secretariat to meet Orissa Chief Minister Naveen Patnaik and his cabinet colleagues.
The world is learning about a side effect of the COVID vaccine called Thrombosis with Thrombocytopenia Syndrome, he said.
ArcelorMittal bought 35% additional stake in Argentinian company Acindar, thereby increasing its stake to 99.5%.
The ArcelorMittal Orbit tower, the tallest structure in Britain and located next to the Olympics stadium in London has been claimed by survivors of the Bosnian concentration camp at Omarska, with the steel giant rejecting their bid.
One of the youngest - and most enigmatic - executives in any large company is Aditya Mittal, the 32-year-old chief financial officer of ArcelorMittal, the world's biggest steelmaker.
'It is not just D Gukesh, Arjun Erigaisi, Praggnanandhaa and Vidit Gujrathi.' 'There are another 20 players just behind them. Nobody imagined this was possible 5 years ago.'
Take the rediff business quiz and find out how much you know about the world's third richest man and his company.
There is good news for Jharkhand. Contrary to the perception, the world's biggest steel manufacturer Laxmi N Mittal has not given up plans to set up a greenfield unit in the state.
NRI business tycoon Lakshmi N Mittal, who is set to control the world's largest steelmaker, has emerged as the richest man in Britain.
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.
The new firm will be called Arcelor Mittal.
Steel giant ArcelorMittal's chief financial officer Aditya Mittal is ranked fourth in the Fortune magazine's list of 40 rising business stars under 40.
What might seem like harmless flirting to you could be interpreted differently by him, especially when you have a history with that person, says rediffGURU Ravi Mittal.
The government had relaxed the foreign direct investment norms from the existing 26 per cent to 49 per cent, as a one-off case, to allow Mittal to take a share in the Bathinda refinery.
ICICI Bank chief K V Kamath to be new CII vice president.
