London: India does not figure among ArcelorMittal's top investment priorities as its $30 billion steel projects face long delays, Chairman L N Mittal said on Thursday. However, the country from where UK-based billionaire comes from remains a priority for the world's largest steel producer. "India is always in our top of the list in terms of priority because we see so much of potential and growth and we see the...
11:10 PM, May 10, 2012
Luxembourg: ArcelorMittal's planned steel plant investments in India are likely to be stalled for years, the company's chief executive said on Tuesday. "We continue to experience difficulties in India. My belief is that the Indian projects may not see the light for five to 10 years," Lakshmi Mittal told the company's annual shareholder meeting. Asked by Reuters later to expand on this view, Mittal said he might have overstated the...
10:52 PM, May 08, 2012
London: Indian steel tycoon Lakshmi Mittal and his family retained their top spot as Britain's richest for the seventh year in succession while the combined worth of the country's 1000 wealthiest individuals defied double-dip recession to reach record levels during the last year. Mittal, 61, and his family's worth came down by 4,814 million pounds, but they were still the richest in Britain with a net worth of 12.7 billion...
04:43 AM, Apr 29, 2012
Bathinda: Billionaire Lakshmi N Mittal on Saturday said decision-making in India is slow but he would not complain of policy paralysis. "We have businesses all over the world. I tell my guys don't complain about the policies, try to adopt...policies...We don't complain. We have tried to adapt to local policies. We will all have to adjust to the new policies here." But, he said, decision making was slow. "Surely things...
04:23 PM, Apr 28, 2012
Washington: Reliance India chairman Mukesh Ambani with a net worth of $22.3 billion emerged as the world's richest Indian in the Forbes list of billionaires featuring 48 Indians. India's top ten included Savitri Jindal & family (world rank 80), Sunil Mittal & family (113), Kumar Birla (116) Anil Ambani (118) Dilip Shanghvi (124) Shashi & Ravi Ruia (133) and Kushal Pal Singh (153). Ambani, despite losing $4.7 billion in the...
07:45 PM, Mar 08, 2012
New York: India is home to over four per cent of the world's billionaires, including the likes of the Ambani brothers, Azim Premji and NR Narayan Murthy alongside Warren Buffet and Bill Gates in Forbes magazine's annual list of the world's richest people. Forbes's list of 1226 billionaires is topped by Mexico's 72-year-old telecom czar Carlos Slim, boasting of a networth of $ 69 billion. Slim retained his title as...
08:26 AM, Mar 08, 2012
Islamabad: Pakistani authorities have turned down a proposal by India-origin steel magnate Lakshmi Mittal's company ArcelorMittal to invest in a coal project in the Thar desert of Sindh province, a media report said on Tuesday. The offer by Mittal's company to invest in the Thar coal project was brokered through a consultancy firm in Dubai, a senior unnamed official of the Sindh government told 'The Express Tribune'. "The reason for...
09:18 PM, Dec 06, 2011
London: Lakshmi Mittal, the NRI steel tycoon with a fortune estimated at 15.5 billion pounds, is the most powerful Asian in Britain, according to a new list of eminent Asians in the country. Mittal, 61, Chairman of the Board of Directors and CEO of ArcelorMittal, the world's leading integrated steel and mining company, heads the Power list of 101 in the category of Industry published by Eastern Eye, a weekly...
12:14 PM, Nov 24, 2011
Reflecting the global turmoil, the fortunes of a majority of the richest Indians fell this year. Even then, 15 individuals managed to break into his exclusive club. Oh, the ways of wealth! After two years of unprecedented richness, the 100 richest people in India have turned poorer in 2011. With the volatile Sensex losing more than 20 percent since we last compiled the list, Indias wealthiest saw their total fortune...
10:51 AM, Nov 15, 2011
London: Indian-origin steel magnate Lakshmi Mittal, with an estimated wealth of 17.51 billion pounds, has retained his position as the richest person in the UK for the 7th year in a row in 2011, though his wealth declined by 4.93 billion pounds during the last one year. The Sunday Times Rich List 2011 shows that Mittal continues to top Britain's wealthiest with a personal fortune of 17.5 billion pounds. According...
03:34 PM, May 08, 2011
Washington: Steel tycoon Lakshmi Mittal and Reliance chairman Mukesh Ambani were counted among the world's ten richest persons as 50 Indians made it to the Forbes list of World Billionaires 2011. Here is a complete list of Indian billionaires in order of India Rank, World Rank, Name, Net Worth, Age, Source: 1.. 6 Lakshmi Mittal $31.1 B 60 Steel 2.. 9 Mukesh Ambani $27 B 53 petrochemicals, oil & gas...
12:23 PM, Mar 10, 2011
Mukesh Ambani's vaastu-compliant building is 550 feet tall and has about 400,000 square feet of floor space, with residential and guest accommodation, maintenance levels, a ballroom (wall-to-wall crystal chandeliers), entertainment stages and theatres, gyms, six parking levels, a garden level, a swimming pool, and that Mumbai necessity, an ice room (complete with snow flurries). With even the lower estimates north of a billion dollars (most media seems to be fixated...
10:37 AM, Nov 03, 2010
Lakshmi Mittal says shifting Orissa project to Karnataka possible. ...
04:33 PM, Jan 07, 2010
Mexican tycoon replaces Bill Gates as world's richest ...
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