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. ...
04:50 PM, Mar 24, 2013
With relegation a realistic prospect and only 10 games left, the fans will be concerned the club's existence could be threatened. ...
06:10 PM, Mar 07, 2013
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. ...
04:27 AM, Feb 25, 2013
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 Mittal-led company, which had shut down the liquid phase steel production facility in the same plant in the Liege region of Eastern Belgium in October, 2011, earlier in the day said "with regret" that it intends to close...
10:04 AM, Jan 25, 2013
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. ...
10:29 AM, Dec 02, 2012
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. ...
08:53 AM, Dec 01, 2012
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. ...
09:12 AM, Nov 28, 2012
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. ...
03:35 PM, Nov 27, 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 and the third spot goes to Azim Premji. Pharma tycoon Dilip Shanghvi is the biggest gainer making an entry...
12:42 PM, Oct 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 and the third spot goes to Azim Premji. Mukesh Ambani has retained his position as the world's richest Indian for...
08:26 AM, Oct 25, 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 a newspaper that India remained a priority for him but not for investment. He said: "India remains a priority but not for investment. I'm...
02:21 AM, Jul 30, 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 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
