UK court declares Lakshmi Mittal’s brother Pramod Mittal bankrupt with debts of over 130 million pounds
The trouble for Pramod Mittal started after British steel trading and distribution company Stemcor pursued him for the £166 million debt owed to them.
Daily Bulletin: NCP invited to form govt in Maharashtra, Modi to leave for Brazil to attend BRICS Summit; day's top stories
Daily Bulletin: NCP invited to form govt in Maharashtra, Narendra Modi to leave for Brazil to attend BRICS Summit; JNU students demand immediate resolution of fee hike; day's top stories
M&A activities sluggish in January-March; 33% decline in deal value to $12.5 billion: Grant Thornton Report
The quarter recorded a marginal increase in deal activity as compared to the fourth quarter of 2018, owing to encouraging factors such as proceedings under the Insolvency and Bankruptcy Code
Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviour
From all indications, the Essar Steel insolvency process shows the Ruias need to be put under a lens.
Mamata Banerjee tells industrialists there is no pressure in West Bengal, urges Nepal, Bhutan and Bangladesh to invest
In an effort to shed West Bengal's investor wary image and woo much-needed capital, Chief Minister Mamata Banerjee on Tuesday said the people of the state will dedicate their heart to Indian and foreign industrialists if they infused capital in the state.
The government expects the move to boost sales of local companies such as JSW Steel and Tata Steel, and eventually attract global steelmakers such as ArcelorMittal and POSCO to invest in the country
The world's biggest steel producer ArcelorMittal is among parties considering buying Italian steelmaker Ilva, depending on the cost of an environmental cleanup plan ordered by the government, several sources said on Monday.
Tribal rights activist Dayamani Barla who has been at the forefront of several mass movements in the past 15 years, including the campaign against Arcelor Mittal's steel plant in Jharkhand, has been awarded the Ellen L Lutz indigenous rights award.
ArcelorMittal, the world's biggest steelmaker, will sell a $1.1 billion stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker Posco and Taiwan-listed China Steel Corp, China Steel said in a statement.
Hollande's experience of fanning class warfare in France, as evidenced by his nationalisation threats to Lakshmi Mittal, and India's own failure to dismantle labour market rigidities and the other superstructures of the welfare state, offer proof that socialism doesn't work.
Shareholders of NRI business tycoon Lakshmi Mittal-led ArcelorMittal approved appointment of N Vaghul, former chairman of ICICI Bank, and billionaire investor Wilbur Ross as the company's directors for another term.