Esmark Inc. has entered into a joint venture with Brazilian iron-ore producer Companhia Vale do Rio Doce and Ukrainian steelmeker Industrial Union of Donbass Corp to purchase the plant.
The total investment from these projects will be Rs 1,38,300 crore.
London-based non-resident Indian steel magnate Lakshmi Mittal more than doubled his fortune in the past year to £3.5 billion and is set to top a list of Britain's wealthiest Asians.
'The concept of an MP IPL team is the brainchild of Kamal Nath.' 'If the Congress government comes to power in the state, he will assemble an IPL team for MP with the assistance of his business contacts.'
Besides Sunil Mittal (Bharti Airtel) and Anil Ambani (Reliance Communications), Sarma has written to Sanjeev Aga of Idea, Anil Sardana of TTSL, Marten Pieters of Vodafone, Kuldip Singh of Mahanagar Telephone Nigam Limited and Kuldeep Goyal of Bharat Sanchar Nigam Limited.
Indian mobile phone users will have to pay more if the service providers are charged for spectrum, which was earlier given free to the operators, chairman of the country's largest telecom company Bharti Airtel Sunil Mittal has said.
Sunil Mittal, chairman & group managing director of the Bharti group, is Business Standard's CEO of the Year for 2005-06.
Som Mittal talks about the industry challenges, the next big disruption for the IT industry.
About 21 per cent Indians born between the mid-1990s and mid-2010s say a potential partner not aligning politically with them is a dating red flag.
Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.
However, missing from the list for the first time in four years is United States President George W Bush.
The city of London is the "unchallenged magnet" for the world's billionaires and home to 23 richest people, including NRI steel tycoon Lakshmi Mittal.
Non-Resident Indian steel tycoon Lakshmi Mittal has won this year's Asian Achievers Award for entrepreneurship for his outstanding achievement in the global steel industry where his company has taken the top spot.
It is the duty of the Indian government to help all Indians, never mind the nature of the help they need.
Under the scorching economic recession, houses have become cheaper by an average of about five million pounds in the 'billionaire's row', but the tag of UK's costliest street still remains with this tree-lined avenue where Lakshmi Mittal and his family owns three houses.
The company was earlier hopeful of bringing the projects onstream by 2012. "Production will not start before 2014. The top reason is the economic downturn. The second reason is procedural delays," Vijay Kumar Bhatnagar, CEO, India operations, said. The ongoing economic slowdown has prompted steel producers worldwide to shelve new projects and scale down output as demand weakens from housing, automobiles and consumer durable sectors.
The government has threatened to cancel the coal block alloted jointly to ArcelorMittal and GVK Power in Jharkhand for the inordinate delay in developing the property.
'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'
Luxembourg on Tuesday said a takeover law that it planned to enact in May was in no way aimed at creating impediments to steel tycoon L N Mittal's bid to takeover Arcelor.
Telecom giant Bharti Airtel on Monday proposed an annual pay package of up to Rs 70 crore (Rs 700 million) for its chief Sunil Mittal, besides other benefits, while seeking its shareholders' nod for his remuneration.
The chairman and group managing director of Bharti Enterprises, Sunil Bharti Mittal, was chosen the best Asian Telecom CEO
The NRI billionaire also asserted that the steel maker is bullish on India plans and committed to the investments there. ArcelorMittal is committed to its proposed Rs 1-lakh crore (Rs 1 trillion) investment in India, to set up two 12-million tonnes per annum steel mills in the state of Jharkhand and Orissa.
Bharti Airtel is launching 5G telecom services in eight cities, including four metros, on Saturday and will progressively cover the entire country by March 2024, its chairman Sunil Bharti Mittal said. Speaking at the IMC 2022, he said the nation's oldest private telecom operator is launching 5G mobile services in eight major cities and will cover most parts by March 2023 and the entire country by March 2024.
If one partner has to coax the other into having sex, it's neither the right time nor the right move, alerts Ravi Mittal, CEO, Quack Quack, an online dating app.
Bharti Group chairman Sunil Mittal on Tuesday said the unified licensing regime proposed by the Telecom Regulatory Authority of India could not be pursued in its present form, as it was in contradiction of the TDSAT judgement.
ArcelorMittal announced on Wednesday a new leadership for India, where Vijay Bhatnagar will spearhead the company's operations and proposed steel projects in the country. Bhatnagar will take up the new position of Country CEO, India and will have ultimate responsibility for the company's operations and projects in the country, a statement from ArcelorMittal said.
It's a neat three-in-one for steelmaker extraordinaire Lakshmi Mittal. In one fell swoop he has become the globe's biggest steelmaker -- an Andrew Carnegie for the 21st century.
Keen to capitalise on the growing geopolitical support from African nations after the recently concluded G20 Summit, India is working with the African Union to hold the fourth India-Africa Forum Summit later this year in Kenya's Nairobi, sources said. Prime Minister Narendra Modi is expected to attend the mega meet along with as many as 50 African leaders, they added. First held in New Delhi in 2008, the India-Africa Forum Summit marked India's initial diplomatic efforts to seek a comprehensive partnership with the African bloc of nations as a whole, at a time when China had begun its own outreach.
As Ambani plumped for the CDMA technology to carry his data-driven business plan, he found himself going eyeball-to-eyeball with Sunil Mittal, the leader of the GSM pack.
The 20 contenders for the title, short-listed by the BusinessWeek magazine, also included Apple Computer CEO Steve Jobs, media baron Rupert Murdoch and Google CEO Eric Schmidt.
The Supreme Court on Monday ordered no coercive steps shall be taken for two weeks against Hyderabad University professor Kham Khan Suan Hausing over two complaints lodged against him in strife-torn Manipur.
Steel tycoon Lakshmi Mittal has lost the world record for the most expensive home purchase to an anonymous Russian billionaire, who has forked out $750 million for a French villa, built by a Belgian king and once frequented by the likes of Frank Sinatra and Ronald Reagan.
Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay.
TATA Group Chairman Ratan Tata and India-born steel tycoon Lakshmi Mittal will be among seven international business leaders to attend the three-day International Investment Council to be hosted by President Thabo Mbeki this weekend in South Africa.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances