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.
The transaction is expected to close in October, subject to oversight and approval by the recently appointed court trustee, a company statement said.
On Thursday, the SC will resume hearing on Mittal's plea challenging the court's summons.
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.
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.
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.
The dates for the much-awaited WFI elections have been confirmed, with the results also set to be announced on the same day.
Dr Vijay Haribhakti, oncologist, Sir HN Reliance Hospital, Mumbai, offers expert guidance on how to perform a self breast examination at home.
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.
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.
'If you are going to have only a handful of telecom players on whom the entire dream of Digital India rests, it's important they are financially sustainable.'
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.
Arcelor-Mittal proposed two plants in Orissa and Jharkhand of 12-million tonne capacity each. These are the first greenfield projects anywhere by Mittal.
Rediff.com's Harish Kotian caught up with Mittal Champions Trust's Amit Bhatia to find out about his involvement with the trust and expectations from Indian athletes at the Games.
Some people stand out just by being unassuming. Sanak Mishra, chief executive officer (CEO), Mittal Steel India, is one of them.
The development comes on heels of the company closing its blast furnaces in France and Belgium.
Seeks SEZ status for 12 million tonne steel unit.
Expanding its presence in the automotive sector, the world's biggest steel maker ArcelorMittal has reached a preliminary agreement to acquire French major Vallourec's two steel tube-making units for an undisclosed sum.
LN Mittal, who is a frontrunner for acquiring a 51 per cent stake in Sesa Goa from Mitsui and has announced plans for projects in Jharkhand and Orissa worth Rs 40,000 crore each, is planning a $2 billion (Rs 8,600 crore) foundation.
RP Singh, managing director of Bharat Oman Refineries Ltd, the special purpose vehicle implementing BPCL Bina refinery, had told Business Standard in August that the company was in talks with strategic investors to sell 15 to 20 per cent stake.
Joining the likes of N R Narayana Murthy and Azim Premji to blame the Indian government for policy inaction, UK-based NRI billionaire L N Mittal said the country is potentially condemning millions to remain in poverty by not helping industrialisation.
India-born billionaire Lakshmi Mittal will pay Russia's Lukoil $980-million
Sections in France may still be sore about Laxmi N Mittal's takeover of Arcelor but Luxembourg, where the factory is located, is certainly not afraid of the owner of the world's largest steel manufacturer of Indian origin.
According to South Africa government officials, they are working closely with India through their respective finance ministries on the proposed deal between Bharti Airtel and MTN, including seeking exemption on a range of exchange controls regulations.
Bharti chairman Sunil Mittal MTN group president and CEO Phuthuma Nhlek had met Finance Minister Pranab Mukherjee on Monday. The two telecom majors extended the deadline for exclusive talks for their proposed $23-billion deal to the end of next month recently.
Arcelor Mittal will invest $20 billion to set up two steel plants in India, in Jharkhand and Orissa.
The mob freed dacoit Hema Meghwal, who was carrying a reward of Rs 32,000, and their two other associates lodged in the lock-up.
Mittal Steel India, which will require 8,000 acres -- a mix of government and private land -- in Keonjhar, Orissa, for its proposed 12 million tonne plant, has decided to develop its own rehabilitation and resettlement package.
The stake was bought for Rs 447 crore (Rs 4.47 billion).
After posting losses for three consecutive quarters, the global steel giant, ArcelorMittal, on Wednesday posted a net income of $900 million for the quarter ended September 30.The firm's net income of the company in the third quarter of this fiscal was, however, 76 per cent lower from the year-ago period.
Made-in-India apps -- the likes of QuackQuack, TrulyMadly, and Aisle -- are wooing Internet users in smaller towns. Indian consumers spent close to $10 million in 2022 on dating and friendship apps.
The Times daily quoting sources close to Nippon Steel of Japan on Monday reported that a powerful clause in its 2001 technology tie-up agreement with Arcelor could dramatically reduce a would-be buyer's interest in the French-run company.\n\n
A Congress delegation on Monday met the family of the Dalit youth, who was allegedly beaten to death last Thursday by a group of people over an old enmity.
'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.'
"The loss in the second quarter of 2009 resulted from exceptional charges amounting to $1.2 billion primarily related to write-downs of inventory ($0.9 billion) and provisions for workforce reductions ($0.3 billion)," L N Mittal-promoted company said.
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