LAKSHMI MITTAL

  • PM Modi makes debut in Forbes list of most powerful people, ranked 15th November 5, 2014

    New York: Prime Minister Narendra Modi on Wednesday made his debut among the world's most powerful people, ranked 15th on the Forbes list topped by Russian President Vladimir Putin who pipped his US counterpart Barack Obama for a second year in a row. The list of 72 most powerful people...
  • Top 5 richest Indians have half of nation's billionaire wealth August 13, 2014

    New Delhi: The top five Indian billionaires led by Reliance Industries Chairman Mukesh Ambani collectively control $85.5 billion (about Rs 5,23,897 crore) in personal wealth, accounting for nearly half of the country's total billionaire wealth, a new study said on Wednesday. According to the analysis by wealth research firm WealthX of...
  • Lakshmi Mittal's bid to buy UK mountain sparks protests August 4, 2014

    London: Indian steel tycoon Lakshmi Mittal has bid for an iconic mountain range in Britain, sparking protests from local people who believe the move could make the area a playground for the superrich. The 2,850feethigh Blencathra mountain, which towers above the Northern Fells in the picturesque Lake District region of...
  • Hinduja brothers top UK's 'super rich' list May 11, 2014

    London: The Hinduja brothers have emerged as the richest persons in the UK, which boasts of 102 billionaires, including Lord Swraj Paul and four others of Indianorigin. The Londonbased Srichand and Gopichand Hinduja, who have a fortune of 11.9 billion pounds "up by an astonishing 1.3 billion pounds in the...
  • Lakshmi Mittal's home street world's second most expensive area November 20, 2013

    NRI steel baron Lakshmi Mittal's London residential address, Kensington Palace Gardens, is the second most expensive street in the world, where the average price per square metre is a whopping USD 107,000. According to the data from Knight Frank, published by Billionaire, a sister company of WealthX the world's leading...
  • Mukesh Ambani tops the Forbes India rich list yet again October 29, 2013

    New Delhi: Reliance Industries Limited Chairman Mukesh Ambani has retained the top spot in the Forbes India this year as well with a wealth of $21 billion. The Forbes India rich list shows modest gains for India's richest due to a stumbling economy. Steel magnate Lakshmi Mittal also retains his...
  • Lakshmi Mittal to shelve two planned steel projects in India September 4, 2013

    Lakshmi Mittal's ArcelorMittal might shelve another of its two planned mega steel projects in India following the exit of some of its senior executives, including Sanak Mishra, CEO of Greenfield Projects. In July, Mittal had put off a similar project in Odisha. Besides the delays in getting clearances, it has a...
  • Dev Patel is as influential as Bobby Jindal, Salman Rushdie July 18, 2013

    New Delhi: British actor Dev Patel has been listed as one of the most influential global Indians by men's magazine GQ India along with Bobby Jindal and Salman Rushdie. The list, introduced in the July issue of the magazine, also features British Indian novelist Salman Rushdie, singer Jay Sean, steel tycoon...
  • Lakshmi Mittal puts palatial London home up for sale May 26, 2013

    London: The credit crunch seems to be taking its toll on one of the world's richest Indians Lakshmi N Mittal, who has put up one of his mansions in central London up for sale. The steel tycoon had bought the property on Palace Green in Kensington for 117 million pounds...
  • India not my top priority for investment: Lakshmi Mittal March 24, 2013

    Ahmedabad: Unhappy over delay in getting clearances for his projects, the world's largest steelmaker LN Mittal on Saturday said India was not his top priority for investment. Speaking to newsmen on the sidelines of convocation of Indian Institute of Management, Ahmedabad(IIMA), where he was the chief guest, Mittal said "I do...
  • Bottom club QPR's debt soars to 89 million pounds March 7, 2013

    London: Queens Park Rangers' debts have increased to almost 89 million pounds, according to the latest financial results published for the Premier League's bottom club. The accounts, which cover the 2011-12 season and do not include the last two transfer windows when QPR invested heavily on new players, show debts...
  • Lakshmi Mittal's salary in 2012 almost flat at $1.77 mn February 25, 2013

    New Delhi: The salary of Lakshmi Mittal, Chairman and CEO of ArcelorMittal, inched up a mere 1.78 per cent at $1.77 million last year, amid the world's largest steelmaker reporting a net loss of $3.73 billion in 2012 due to slump in demand and write downs. Mittal took a 6.41...
  • ArcelorMittal to shut parts of Belgium plant January 25, 2013

    New Delhi/Luxembourg: World's largest steelmaker ArcelorMittal on Thursday said it will close a coke plant and six production lines in Belgium hitting 1,300 jobs, a decision which may face resistance from Brussels. The Lakshmi Mittalled company, which had shut down the liquid phase steel production facility in the same plant...
  • French unions vow fight against Mittal deal December 2, 2012

    Paris: French trade unions accused President Francois Hollande of betrayal on Saturday after his government backed away from a threat to nationalise ArcelorMittal's Florange steelworks. The Socialist government said on Friday it had won promises from ArcelorMittal to avoid forced redundancies and inject 180 million euros to develop the Florange...
  • France announces ArcelorMittal steelworks deal December 1, 2012

    Paris: The French government backed away on Friday from a threat to nationalise a steelworks, saying it secured promises from the owner, ArcelorMittal, to invest and avoid any forced layoffs at the site where the company has idled two blast furnaces. Workers at the plant said the announcement fell well...
  • Hollande urges Mittal to keep idle furnaces running November 28, 2012

    Paris: President Francois Hollande pressed the head of steelmaker ArcelorMittal on Tuesday to avert the closure of two blast furnaces in northeastern France, raising the possibility of a state takeover while waiting for a buyer. Hollande met Lakshmi Mittal at his office a day after a cabinet member said the...
  • ArcelorMittal didn't respect France, want it out: Minister November 27, 2012

    Paris: Many European countries with lagging economies are trying to draw in foreign investors. But in France, a Socialist minister says he wants to kick the world's biggest steel maker out of the country, accusing it of lying to the government. The invective from Industrial Recovery Minister Arnaud Montebourg has soured...
  • Forbes rich list: The top 10 richest in India October 25, 2012

    New Delhi: Reliance Industries Chairman Mukesh Ambani is the country's richest man with a personal fortune of $ 21 billion, according to Forbes Magazine. Mukesh Ambani beats steel giant Lakshmi Mittal and Wipro head Azim Premji to top the Forbes's list. Lakshmi Mittal has attained the second spot with $16...
  • Mukesh Ambani richest Indian with wealth of $21 bn October 25, 2012

    New Delhi: Reliance Industries Chairman Mukesh Ambani is the country's richest man with a personal fortune of $21 billion, according to Forbes Magazine. Mukesh Ambani beats steel giant Lakshmi Mittal and Wipro head Azim Premji to top the Forbes's list. Lakshmi Mittal has attained the second spot with $16 billion...
  • Not locating capital to India: Lakshmi Mittal July 30, 2012

    London: Indian steel magnate Lakshmi Mittal has no immediate plans to invest in India, where his recent attempts to build steel plants in Jharkhand and Odisha reportedly face local opposition and wrangles over land acquisition, says a media report. Mittal, who is Britain's richest individual, told...
  • India not top investment priority: Lakshmi Mittal May 10, 2012

    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 UKbased billionaire comes from remains a priority for the world's largest steel producer. "India is always in our top of...
  • India plans may be stalled for years: Lakshmi Mittal May 8, 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...
  • Lakshmi Mittal retains top spot in UK rich list April 29, 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 doubledip recession to reach record levels during the last year. Mittal, 61, and his family's worth...
  • Decision making is slow in India: Lakshmi Mittal April 28, 2012

    Bathinda: Billionaire Lakshmi N Mittal on Saturday said decisionmaking 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....
  • Mukesh Ambani richest among 48 Indian billionaires March 8, 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...
  • Over 4 pc of world's billionaires Indians: Forbes March 8, 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...
  • Pak rejects Lakshmi Mittal's investment proposal December 6, 2011

    Islamabad: Pakistani authorities have turned down a proposal by Indiaorigin 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...
  • Lakshmi Mittal named most powerful Asian in UK November 24, 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...
  • The highs and lows of the richest Indians November 15, 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...
  • Mittal on top UK rich list for the 7th year May 8, 2011

    London: Indianorigin 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...