ArcelorMittal on Tuesday said it has cut expenditure on research and development by 4 per cent.
The Asia Society also honoured chairman and CEO of Citigroup Charles O Prince with the Leadership Award for his contribution to the financial sector.
'YamaTough', the activist behind the 'Lords of Dharmaraja' hackers group, told Infosec Island, an information security Web site, 'Our goal is Bharti Mittal go off political arena and stop manipulating our government.'
The Delhi Police filed an 800-page chargesheet against the seven accused on April 1 and the case was subsequently committed to a sessions court.
Mittal Steel Company NV announced on Thursday an interim dividend of $0.125 per share for its European and New York Stock Exchange shareholders.
A senior official attached with the Tambaram police commissionerate has been transferred and put under compulsory wait, days after the AR Rahman concert row that among others witnessed traffic snarls which even affected the movement of the Chief Minister's convoy.
NRI steel tycoon Lakshmi Mittal has earned a staggering 4.1 billion during the past one year and retained his position as the richest person in Britain in 2007 with a wealth worth 19 billion.
As Vodafone started examining the books of Hutchison Essar, its existing partner Bharti Airtel on Tuesday said it has not been approached by anyone to buyout British telecom firm's stake in the company.
Bharti Enterprises will kick off its retail venture early next year, opening half-a-dozen stores -- branding of which is still being worked out with its back-end partner Wal-Mart.
The company is 'disappointed' with the progress made so far on its proposed 12-million tonnes per annum steel plant, each in Orissa and Jharkhand. It has rued the regulatory hurdles as well.
Over 100 Indian institutions offer semiconductor design curricula, but hardly any of them focuses on manufacturing and process technology, a top official from global memory and storage major Micron Technology said on Thursday. There is significant global demand for such chip engineers, its president and chief executive Sanjay Mehrotra said at the 10th Vibrant Gujarat Global Summit in Gandhinagar. "While more than 100 Indian institutions provide a semiconductor design curriculum, hardly any focus on semiconductor manufacturing and process technology.
Speaking on the sidelines of an event organised by the Confederation of Indian Industry, ArcelorMittal Design & Engineering Centre CEO Pierre Jonette said: "Our main objective is to bring down the total project cost by 20-22 per cent across all the green projects. We have internally decided to increase sourcing from local low cost destinations for most of our greenfield projects."
The Supreme Court on Tuesday agreed to hear Bharti Cellular Limited CMD Sunil Bharti Mittal's plea challenging the March 19 order of the special court summoning him as an accused in a corruption case related to allocation of additional 2G spectrum during the 2002 NDA regime.
Could it be about clout? Given its size and influence, RIL doesn't need the media for that, notes Vanita Kohli-Khandekhar.
This correction in tariffs is required to compensate for the company's rural business.
A fresh date for Wresting Federation of India's (WFI) long-pending elections is likely to be announced on Wednesday after the Supreme Court set aside the stay imposed by Punjab and Haryana High Court, a member of the IOA-appointed ad hoc committee said.
Bharti Cellular Limited CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia on Friday got a breather from the Supreme Court which exempted them from personal appearance in the trial court in a case of alleged irregularities related to allocation of additional 2G spectrum in 2002.
Mittal Steel, the world's biggest steel manufacturer, which made a $28.7 billion bid for acquiring Luxembourg-based Arcelor, on Friday said it has received US antitrust clearance for the said bid.
Picture this: A cozy, candlelit evening where it is just your sweetheart and you, with no annoying notifications crashing the party or stealing your attention.
Torpa is looking for a second chance to migrate from a poor village to a modern urban cluster but tension is building between those who want development and those against it. For two decades, National Hydel Power Corporation (NHPC) proposed, and some local tribal groups opposed, the setting up of the Koel-Karo hydro-electric project there, and it was finally abandoned last year.
ONGC-Mittal combine will invest more than $6 billion in setting up a refinery, power plant and railway lines in Nigeria.\n\n
Steel baron L N Mittal and French oil major Total on Thursday signed an agreement with state-run HPCL for jointly setting up a $6 billion refinery-cum petrochemical complex at Vishakhapatnam in Andhra Pradesh. State-run gas utility Gail India and exploration firm Oil India Limited are the other stakeholders in the proposed 15 million tonne refinery and one million tonne petrochemical complex.
Supporting West Bengal Chief Minister, Buddhadeb Bhattacharjee's stand, Mittal said, "Let us see for the next 7-10 years what Indian companies deliver and then we can take a call."
Sunil Mittal, President, CII, met French President Nicolas Sarkozy met in Paris to discuss Indo-France business relations.
The transaction is expected to close in October, subject to oversight and approval by the recently appointed court trustee, a company statement said.
NRI steel baron Laxmi Mittal has donated $2 million for the Tsunami Recovery and Relief Fund, set up by former US Presidents Bill Clinton and George Bush for overseeing United States' rebuilding efforts.
The clarification comes a day after Vodafone signed a shareholders' agreement with the Essar group.
In an interview at the GSMA conference in Barcelona on Tuesday, Mittal broke his silence on the scam and the very public spat between Tata Teleservices and Reliance Communications: "My plea is that the industry shut their mouths; zip up and let the various investigative agencies do their job," he said.
Global steel giant ArcelorMittal on Wednesday reported a net income of $1.07 billion for the three month period ended December 31, 2009, on the back of improvement in demand and several cost cutting measures.
Four years ago, steel tycoon Laxmi Mittal purchased his first house on Kensington Palace Gardens for about pound 57 million. Last year, he purchased a pound 70 million house for his daughter Vanisha and a pound 117 million mansion for his son Aditya in the same street. At the time, the combined value of the three properties was valued at about pound 440 million. Today, the houses are worth about $ 200 million, an amount almost equivalent to the purchase prices.
On Thursday, the SC will resume hearing on Mittal's plea challenging the court's summons.
The Supreme Court on Thursday allowed the prosecution of Som Mittal, chief of National Association of Software and Service Companies in the Pratibha Murthy murder case.
Arcelor-Mittal proposed two plants in Orissa and Jharkhand of 12-million tonne capacity each. These are the first greenfield projects anywhere by Mittal.
The company signed an agreement with Jharkhand government in October 2005 to set up a Rs 40-crore steel facility and in December 2006 for an identical plant in Orissa. Mittal, however, asserted that the company's 'long term strategies for India is unchanged' and any short-term delay would not change the overall long-term plans for the country.
India-born billionaire Lakshmi N Mittal will invest Rs 3,200 crore (Rs 32 billion) in taking 49 per cent stake in Hindustan Petroleum Corporation Ltd's $3 billion Bhatinda refinery.
Some people stand out just by being unassuming. Sanak Mishra, chief executive officer (CEO), Mittal Steel India, is one of them.
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