Tata Steel favours EU funds to soften impact of plant closures
Saturday May 18, 2013
Tata Steel, the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Kohler said.
Russian billionaire Alisher Usmanov replaces Lakshmi Mittal as Britain's richest man
Reuters | Monday April 22, 2013
Russian businessman Alisher Usmanov has knocked Lakshmi Mittal off the top of this year's Sunday Times Rich List with a jump in his fortune to 13.3 billion pounds after a tough year for the Indian steel magnate.
Lakshmi Mittal tumbles to 4th position on Sunday Times Rich List 2013
Monday April 22, 2013
Indian-origin steel tycoon Lakshmi Mittal, who spent eight years at the top of the Sunday Times Rich List, has dropped down to fourth position this year, while leading NRI industrialist Lord Swraj Paul has emerged as the wealthiest Peer in the House ...
Two Chinese, two Gandhis and Manmohan Singh top list of Asia's most influential
Press Trust of India | Wednesday April 17, 2013
Congress president Sonia Gandhi, her son and Congress vice president Rahul Gandhi and Prime Minister Manmohan Singh feature among top five in the world's 100 most influential list of Asians, which is topped by China's new President Xi Jinping.
India not my top priority for investment: Lakshmi Mittal
Sunday March 24, 2013
Speaking on the sidelines of a convocation of Indian Institute of Management, Ahmedabad, where he was the chief guest, Mr. Mittal said: "I do not want to give you any timeline about my Indian projects...experienced so much of delay."
India not my top priority for investment: Lakshmi Mittal
Press Trust of India | Saturday March 23, 2013
Unhappy over the delay in getting clearances for his projects, the world's largest steelmaker, Lakshmi Niwas Mittal, today said India was not his top priority for investment.
Hindujas emerge as the richest Asians in Britain
Saturday March 23, 2013
Leading NRI businessmen Srichand Hinduja and Gopi Hinduja, chairman and co-chairman of the Hinduja Group, have emerged as the richest Asians in Britain in 2013.
British-Asian billionaires double in past year
Press Trust of India | Friday March 22, 2013
Britain's Asian entrepreneurs have defied the recession with some becoming billionaires from millionaires, according to a latest report on some of the country's richest businessmen.
Lakshmi Mittal, Moni Varma settle case outside court hours before hearing
Tuesday March 5, 2013
Just hours before their case was to begin in the High Court, NRI steel tycoon Lakshmi N Mittal and India-born rice baron Moni Varma on Tuesday decided to settle their multi-million-pound dispute out of court.
Mukesh Ambani India's richest for sixth year: Forbes
Monday March 4, 2013
With networth of $21.5 billion, Mukesh Ambani has retained his title as India's richest person for sixth year in a row, while Mexican business tycoon Carlos Slim has emerged as wealthiest in the world for the fourth consecutive year.
Lakshmi Mittal prepares for court clash in UK with India-born tycoon
Press Trust of India | Monday March 4, 2013
The stage is set for a clash of India-born tycoons in Britain as steel magnate Lakshmi N Mittal appears in the high court in London this week over an oil deal with a rice baron.
ArcelorMittal to co-operate in German probe of steel sector
Friday March 1, 2013
ArcelorMittal, the world's largest steel producer, is co-operating with authorities on an ongoing cartel investigation on steel supplies to the automotive industry in Germany, a spokesman for the producer said on Thursday.
ArcelorMittal agrees to suspend cuts and closures, says European Union
Thursday February 21, 2013
The European Union's (EU's) executive arm said the boss of steel maker ArcelorMittal has promised to suspend planned job cuts and plant closures in Europe through June.
Essar Steel's US arm signs 10-year supply pact with ArcelorMittal
Wednesday February 13, 2013
Essar Steel today said its US subsidiary, Essar Steel Minnesota LLC (ESML), has entered into a 10-year agreement with ArcelorMittal, USA, for annual supply of 3.5 million tonnes (MT) of iron ore pellets.
ArcelorMittal posts $3.73 bn net loss in 2012
Wednesday February 6, 2013
However, ArcelorMittal gave a positive outlook for 2013, saying it expects higher EBITDA and 2-3 per cent increase in steel shipments in 2013.
