In the eye of storm over his $22.7 billion takeover bid for Arcelor, NRI steel tycoon Lakshmi Mittal faced fresh charges of "excessive pricing" policy over the sale of steel to the local industry in South Africa.
Steel giant Arcelor has said it would be ready to receive a written proposal from Mittal Steel about an unspecified "industrial project" related to the steel industry, a media report said on Saturday.
On the heels of neighbouring Orissa notching up the single largest FDI project in the country, Jharkhand has also bagged an investment of about Rs 28,000 crore (Rs 280 billion) from domestic steel and power utilities and is ready to sign MoU with Mit
Global steel giant Mittal Steel owned by NRI billionaire Laxmi Mittal is to cut consumption of natural gas at its Ukrainian steel plant following steep hike in gas price by Russia.
In a major setback for steel giant Mittal Steel, Arcelor announced a merger with Russian company Severstal on Friday.
NRI business tycoon Lakshmi N Mittal, who is set to control the world's largest steelmaker, has emerged as the richest man in Britain.
World's largest steel maker Mittal Steel on Saturday signed an MoU with the Jharkhand government, committing to invest approximately Rs 40,000 crore (Rs 400 billion) to enter mining and steel making operations in the state.
An amazing architectural masterpiece, 'ArcelorMittal Orbit' is a 115 metres (377 ft) high observation tower in the Olympic Park in Stratford, London.
French government is up in arms against Lakshmi Mittal after 629 workers lost their jobs on closure of two furnaces of ArcelorMittal. Things have got so bad that President Holland has threatened to temporary nationalise ArcelorMittal. In France, people consider him as a big-bad mega-rich Indian who came to lay off workers and drive French steel industry to ruin.
IIT alumni's Gloabl Conference -- PanIIT 2008 -- has been organised for December 19-21, 2008.
The government-run Invest In France Agency, tasked with attracting overseas business, has identified 300 Indian companies, mainly in IT and pharma sectors, as prospective investors in this country and plans to launch vigorous campaigns to tap these.
Arcelor's decision to unceremoniously dump Severstal for rival Mittal Steel has sparked a predictable backlaksh from Russia, with President Vladimir Putin saying Moscow would protect itself and its citizens from unfair competition.
ArcelorMittal, the world's biggest steel maker, on Monday launched its global brand to reflect the identity of the new company formed after the merger of Arcelor and Mittal Steel.
Ratan Tata, in his capacity as the chairman of the Investment Commission, has warned that major projects entailing a combined investment of nearly $60 billion are meeting delays and roadblocks for no apparent reason.
Mega greenfield steel projects announced in the country are set to add more than 100 million ton of capacity, but land acquisition activity for only 16 million ton has begun.
Some people stand out just by being unassuming. Sanak Mishra, chief executive officer (CEO), Mittal Steel India, is one of them.
The Sunday Times said Lakshmi Mittal embodied the rise of a new breed of Indian entrepreneur: confident and commanding on the world stage.
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.
Billionaire Lakshmi Mittal will trust none other than his better half Usha when none of the directors are there to run the world's largest steel company.
A key point to understand is that Ford is selling these brands not because they are in their worst trouble ever, but simply because of Ford's overall crisis - it lost more than $12.6 billion in 2006 - is pushing CEO Alan Mulally to raise money to fulfill his declared ambition to restore the mass-market Ford business to health.
Mittal has been named at the top for third consecutive year with a net worth of 27.3 billion rand ($4 billion) in the latest annual list of 100 richest in South Africa, compiled by that country's weekly The Sunday Times.
Two Indian steel tycoons - Ratan Tata of Tata Steel and NRI Lakshmi Mittal of global powerhouse Mittal Steel - have made it to the world's best CEOs list compiled by US stock market weekly Barron's.
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.
Mittal Steel is offering about $23.2 billion cash and its own shares for Arcelor.
After an intense battle of nerves, the world's cheapest steel-maker Tata seems to have outrun the world's biggest steel-maker Mittal in the race to acquire South Africa-based Highveld Vanadium and Steel.
Non-Resident Indian steel magnate Lakshmi Mittal has donated £2 million to the Labour party.
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