The LN Mittal-owned Arcelor-Mittal, the largest producer of steel in the world, is set to sign a memorandum of understanding with the Orissa government for its proposed 12 million tonne steel plant this week.
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.
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.
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.
'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.'
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.
'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.'
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.
Messaging is going to become the highway for the people coming on to the Internet, says Kavin Bharti Mittal.
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.
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."
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.
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.
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.
In a shocking incident, a 20-year-old woman died after her scooty was hit by a car and her body was dragged for around four kilometres in outer Delhi's Sultanpuri on Sunday, police said.
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.
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.
Police on Friday arrested another man, Ashutosh, under suspicion of shielding the accused.
Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.
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On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. The review would begin immediately and evaluate a broad range of options, including but not limited to a potential strategic sale of some or all of the steel businesses, the company said in its stock exchange filing. The signs have been there - approaches had been made to steel players over the past year. Last December, Anil Agarwal, chairman Vedanta group, told Business Standard that the steel plant capacity was about 3 million tonnes (mt).
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.
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.
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.
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