The world's largest steel maker ArcelorMittal may cut 10,000 jobs globally next year and plans to reduce costs in order to regain its lost market share particularly in Europe, a media report says.
ArcelorMittal, Anglo Australian major Rio Tinto, Hyderabad-based GVK Power & Infrastructure, Essar Mineral Resources and JSW Steel are among 10 prominent corporations in a shortlist to develop 18 abandoned coal mines owned by state-owned Coal India Ltd and its eight subsidiaries.
China's largest steel producer, Shanghai Baosteel, has set its eyes on Baotou Iron & Steel Group after global steel baron, Lakshmi Mittal's bid for a 50 per cent stake in the Chinese company faltered.
Observing that it does not propose to run the administration in Manipur, the apex court said necessary verifications shall be carried out before issuing the Aadhaar cards expeditiously.
Erigaisi is currently in fifth place after eight rounds.
Officials said security personnel, including those from paramilitary forces, have been deployed to keep a strict vigil. Security at inter-state and inter-district borders has also been tightened, they said.
Sunil Mittal's Bharti, in which British telecom firm Vodafone has 10 per cent stake, said on Thursday it is yet to hear a final word from the UK-based operator on its plans to buyout Hutchison Telecom's stake in Indian joint venture Hutch-Essar.
Barely days after Mittal Steel announced to cut 800 jobs in its South African operations, a leading trade union of that country slammed the move and warned that it could spark off a nationwide outrage.
Messaging is going to become the highway for the people coming on to the Internet, says Kavin Bharti Mittal.
As Manipur grapples with protracted ethnic strife, the Supreme Court on Friday asked the Centre and the state government to ensure uninterrupted supply of basic commodities like food and medicines to people facing economic blockade in certain areas of the border state.
The death toll in Wednesday's blaze at the Mittal-owend Lenin coal mine in Kazakhstan has risen to 41 with one miner still missing.
Teenaged Indian Grandmaster D Gukesh upset Magnus Carlsen in the ninth round of the preliminary phase of the Aimchess Rapid online chess tournament, becoming the youngest to beat the World champion.
Sunil Bharti Mittal may have made big bucks out of the mobile telephony revolution in India, but the man says it was a saga of struggle, fight and the "mother of all battles."
The Manipur government dubbed as untrue the claim by the counsel for the committee appointed by the apex court to oversee relief and rehabilitation of the victims of ethnic violence that the people of the state were suffering on account of an economic blockade.
The government announced the decision apprehending spread of rumours through social media by anti-social elements ahead or during the rally called to be held on Monday.
Som Mittal, president and chief executive officer of Digital GlobalSoft Ltd will take over as chairman of the National Association of Software and Services Companies.
The FIR said that Deepak was driving the car while accused Manoj Mittal was sitting next to the driver's seat.
"Lady candidates need not apply." So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard to JRD Tata, expressing her surprise at this gender discrimination, especially since the Tata Group were pioneers on many fronts. Shortly, Murty became the first woman on the firm's shop floor.
Steel king and one of the richest persons in the world, L N Mittal, may be poorer by over Rs 40,000 crore (Rs 400 billion) due to a sharp fall in prices of his flagship company Mittal Steel since March this year.
The five-way joint venture that also includes Hindustan Petroleum, Oil India Ltd and GAIL India, which had in October 2007 inked a preliminary MoU for the project, are looking at 4-5 year horizon from the zero date for commissioning the project. To start with, it will be an export refinery but in long-term some products will cater to Indian market.
Hours after the Mohali court issued the arrest warrant in connection with a case registered against him by the Punjab Police last month, Bagga moved the high court challenging it.
The Centre has set up an 11-member high-level steering committee to review and monitor the progress of the cheetah reintroduction programme and provide suggestions on the opening of the cheetah habitat for eco-tourism.
Bharti Airtel promoter Bharti Telecom will buy a 3.33 per cent Airtel stake from Singtel for 2.25 billion Singapore dollars or about Rs 12,895 crore in 90 days' time, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal's family and Singtel are co-investors in Bharti Telecom (BTL). Singtel in a statement said that after the transaction, Singtel Group is expected to own an effective stake of 29.7 per cent in Bharti Airtel, which is estimated to be worth SGD 22 billion (about Rs 1.26 lakh crore).
The prosecution said it was found during their custodial interrogation that the accused were aware of the victim's body being dragged under the wheels.
As Manipur sank deeper into ethnic violence, the Supreme Court on Monday ordered the setting up of a committee of three former women high court judges to oversee relief and rehabilitation of victims and compensation to them, besides asking former Maharashtra police chief Dattatray Padsalgikar to monitor the probe in criminal cases.
Bharti Group's retail venture in partnership with the world's biggest retailer Wal-Mart is going to be a low-key affair with its launch planned in phases over a period of time.
Prime Minister Manmohan Singh On Monday asked Indian steel tycoons eyeing global expansions not to overlook opportunities at home and assured all assistance to the industry in meeting the rising domestic demand.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances