The Centre has appointed senior IAS officers Vumlunmang Vualnam and Neeraj Mittal as new secretaries in the ministry of civil aviation and the department of telecommunications respectively in a major secretary-level bureaucratic reshuffle, a government order stated.
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.
Sunil Mittal, chairman & group managing director of the Bharti group, is Business Standard's CEO of the Year for 2005-06.
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.
Som Mittal talks about the industry challenges, the next big disruption for the IT industry.
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.
The Supreme Court on Friday said the trial in the Manipur violence cases being probed by the Central Bureau of Investigation (CBI) will take place in neighbouring Assam and asked the Chief Justice of the Gauhati high court to nominate one or more judicial officers to deal with the matters.
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.
The dates for the much-awaited WFI elections have been confirmed, with the results also set to be announced on the same day.
It is the duty of the Indian government to help all Indians, never mind the nature of the help they need.
'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.'
Strong demand in the domestic market, coupled with an increase in raw material prices, is pushing up steel prices. According to SteelMint, a market intelligence and price reporting firm, the list price of flat steel has seen an increase of Rs 750-2,000 per tonne for October deliveries. The long steel price witnessed an increase of Rs 1,500 per tonne towards the end of September.
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.
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.
The chairman and group managing director of Bharti Enterprises, Sunil Bharti Mittal, was chosen the best Asian Telecom CEO
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 mob freed dacoit Hema Meghwal, who was carrying a reward of Rs 32,000, and their two other associates lodged in the lock-up.
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 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.
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 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.
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.
From wrestlers' protest to WFI elections: Timeline
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.
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.
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.
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 second richest Indian said he felt bad about the delays his projects faced in India.
Bharti Enterprises, which has announced join ventures with US giant Wal-Mart for its retail foray, said that the rising real estate prices could hamper the growth of the organised retail industry in the country.
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