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.
Among those inducted in the GMB, include Sudhir Maheshwari, currently executive vice-president finance and mergers and acquisitions, Davinder Chugh, senior executive vice president Shared Services and Christophe Cornier, executive VP Flat Products Western Europe, a company release said. These appointments were necessitated following retirement of ArcelorMittal Chief Operating Officer Malay Mukherjee from the board.
The steel plant will be closed down in 25 days unless an investor takes it over, operative executive director of the Bulgarian metallurgic enterprise Plamen Stoyanov told the Bulgarian media. Bulgaria's biggest steel plant has already shut down some of its production facilities, including two of its blast furnaces, and plans to stop operations completely by the end of this month.
Sunil Bharti Mittal, chairman and group CEO of Bharti Enterprises and former president of the Confederation of Indian Industry, said on Tuesday that it was time for the United States to change its position towards India vis-a-vis Pakistan.
The company had been posting decline in net income for the last 14 consecutive quarters.
Robrecht Himpe, who is the CEO Flat Europe and Amaud Poupart-Lafarge (Africa and CIS) are the new members of the management committee. Further, Andre van den Bossche and Narendra Chaudhary would be retiring from the committee in due course. Bossche is in charge of Global Trade Policy, Steel Contact Groups, Mandates and Associations while Chaudhary is the CEO Africa and CIS.
The company had reported a net profit of $92 million in the corresponding quarter of 2012 as it had benefited from a tax windfall of $176 million.
Sunil Mittal is seeking subsidies from the Indian government to revive the dying fixed-line phones in the country. The chairman of Bharti Airtel, the leading private sector GSM service provider, has sought the removal of licence fee and service tax that are burdening the sector.
The approved package for Mittal includes a total fixed pay (inclusive of salary, allowances and retirement benefits) of up to Rs 20 crore (Rs 200 million) per annum, variable pay (performance-linked incentives) of up to 200 per cent of the annual fixed pay in a financial year, and also perquisites worth up to 50 per cent of the fixed pay, taking the total package to an amount not exceeding Rs 70 crore (Rs 700 million).
Nigeria's new government is reviewing award of oil blocks in last couple of years after it received complaints of irregularities in their allotments, with some quarters expressing apprehensions that the licences won by India's ONGC-Mittal combine may also be under scanner.Although the identities of the blocks as well as the awardees are not immediately known, industry sources said some domestic and foreign entities that obtained licences through 'backdoor' may lose it.
The NRI, who flies around 560,000 km a year in his private jet to pursue deals, increased his fortune by almost £2 billion to £3.1 billion in the last one year, The Mail on Sunday said.
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.
ArcelorMittal's Orissa R&R package is significant because South Korean steel major Posco, which had signed an MoU with the state government to establish a 12 million tonne plant at Paradip 18 months before the Mittals came up with their Orissa proposal, is yet to finalise its R&R package. Meanwhile, ArcelorMittal has presented its R&R plan to the Keonjhar district administration. It plans to spend the earmarked amount over a period of more than five years.
Beating forecasts, ArcelorMittal on Wednesday reported a 18.5 per cent rise in its core profits (EBITDA) to $1.713 billion during the third quarter as it fared better almost on all parameters, including rise in steel shipments and iron ore sales.
Bharti Enterprises, which had last year announced a $2.5-billion investment for its retail venture, is expected to announce its final plans, including that of opening of the first store, within the next two months.
ArcelorMittal has moved a few steps forward in setting up its 12-million tonnes steel plant in Keonjhar district of Orissa
Industry greats like Ratan Tata, Lakshmi Mittal, Narayana Murthy and P R S Oberoi have been nominated for this years Padma Vibhushan.
US President Barack Obama's just concluded visit has helped in breaking myths and stereotyping of India as "stealing jobs", apex IT industry body Nasscom said.
Mittal Steel is likely to sign within the next two months, an agreement with the Orissa government for setting up a steel plant at an investment of $7 billion.
The world's biggest steelmaker Arcelor Mittal said on Friday it has received a writ of summons to appear before a Dutch court for legal proceedings initiated by Arcelor shareholders seeking an injunction against the mega merger of both the companies.
Calling for a strong collaboration between industry, the Centre and states to tide over infrastructure gaps, he said it is time the country catapulted itself into a major manufacturing hub by positioning it as an alternative to China, which is the world's factory now.
The government should lower the interest rates in the long term to increase supply as a move to check inflation, which touched a three year high of 7 per cent last week, Bharti Group chairman and managing director Sunil Bharti Mittal said.
'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.'
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.
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.
The total investment from these projects will be Rs 1,38,300 crore.
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.
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.
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.
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.
Som Mittal talks about the industry challenges, the next big disruption for the IT industry.
Sunil Mittal, chairman & group managing director of the Bharti group, is Business Standard's CEO of the Year for 2005-06.
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.
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.
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