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Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr
Fp Staff •With Reliance Industries having overtaken British energy giant BP Plc to become the sixth-largest energy company in the world, the conglomerate is now valued at $138 billion
Essar Steel insolvency: Look forward to close acquisition soon, says ArcelorMittal after SC verdict
•Global steel giant ArcelorMittal on Friday said it is looking forward to close the acquisition of debt-ridden Essar Steel soon
Mukesh Ambani, IOC's Sanjiv Singh, ONGC's Shashi Shanker in list of world's top CEOs
•Richest Indian Mukesh Ambani, Indian Oil Corporation (IOC) Chairman Sanjiv Singh and ONGC head Shashi Shanker are among the 10 Indian CEOs named in the CEOWORLD magazine's global ranking of the world's most influential chief executives in 2019
Steel magnate Lakshmi Mittal's younger brother Pramod Mittal detained in Bosnia on suspicion of organised crime, abuse of office
Fp Staff •Pramod Mittal heads the supervisory board at metallurgical coke producer Global Ispat Koksna Industrija Lukavac (GIKIL), which has been among Bosnia’s biggest exporters,
Bosnian court orders one-month detention for steel magnate Lakshmi Mittal's younger brother Pramod
Fp Staff •The case is related to the running of a coking plant in the northeastern town of Lukavac, which Pramod Mittal has co-managed since 2003
Essar Steel insolvency: Supreme Court orders status quo in case; to be heard on 7 August
•The Supreme Court Monday ordered status quo as of today in the Essar insolvency case
NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for Essar Steel with modification
•Essar Steel was auctioned under the new Insolvency and Bankruptcy Code (IBC) to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.
Essar Steel insolvency case: Majority shareholders seek rejection of ArcelorMittal's Rs 42,000 crore bid
•An Essar Steel's majority shareholder Tuesday moved NCLAT seeking rejection of ArcelorMittal's Rs 42,000 crore bid of the bankrupt company, alleging that its promoter Lakshmi Mittal hid his association with loan defaulting firms run by his brothers, that made his firm ineligible to participate in insolvency proceedings
ArcelorMittal's takeover bid for debt-ridden Essar Steel approved by NCLT Ahmedabad
•NCLT approved ArcelorMittal’s bid in October, even as Essar’s founders—the billionaire Ruia family—tried to hold onto the company
Mukesh Ambani is 13th richest on Forbes World's Billionaire list; Amazon founder Jeff Bezos retains top spot
•Mukesh Ambani, 61, saw wealth soar from $40.1 billion in 2018 when he was placed 19th richest in the world, to $50 billion to be rank at 13th in 2019.