Lakshmi Mittal

Friday, Apr 19, 2024 | Last Update : 02:40 PM IST

Serhatlic said that if found guilty the suspects could get jail sentences of up to 45 years. (Photo: PTI)

Lakshmi Mittal's brother Pramod arrested in Bosnia for fraud, abuse of power

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.

24 Jul 2019 9:07 AM

The NCLAT said financial creditors will get 60.7 per cent of their admitted claims of Rs 49,473 crore. The rest would go to operational creditors.

NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for Essar Steel

Essar Steel was auctioned under the new IBC to recover Rs 54,547 cr of unpaid dues of financial lenders and operational creditors.

05 Jul 2019 9:09 AM

The NCLAT would continue to hear the Essar Steel insolvency case on May 21.

ArcelorMittal to pay Rs 42K cr for Essar Steel takeover: Co tells NCLAT

Senior advocate Harish Salve appearing for ArcelorMittal accused Ruias of creating hurdles in Essar Steel resolution process.

20 May 2019 5:18 PM

The company's aim is to make European business stronger for which it will continue to explore various business options including merger, said Tata Steel Managing Director TV Narendran.

Tata Steel to continue to explore various business options in Europe: TV Narendran

The journey of de-leveraging and creating structurally strong enterprise continues, said TV Narendran.

15 May 2019 12:45 PM

Mittal firms pay Rs 2,210 crore to STC

GSHL and GSPI, owned by Lakshmi Mittal's brother Pramod Mittal, paid up their entire dues.

21 Mar 2019 2:01 AM

Mittal's global giant ArcelorMittal is finally nearing the end of a year-long battle to break into India with the $5.9 billion acquisition of Essar Steel India.

Costly homecoming for Lakshmi Mittal

The legal wrangling landed in the Supreme Court last year, setting precedents for India's two-year-old bankruptcy law.

12 Mar 2019 1:04 AM

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

Mittal claims win in Essar Steel bid

Consider promoters’ attempt: Firm

27 Oct 2018 12:51 AM

ArcelorMittal said that IBC’s section 12A does not apply to the resolution process of Essar Steel.

Essar Steel shareholders plan to clear all dues

Company seeks withdrawal of insolvency plea after last-ditch attempt.

26 Oct 2018 1:14 AM

Reliance Industries Chairman Mukesh Ambani. (Photo: PTI)

Mukesh Ambani emerges richest Indian for 11th consecutive year: Forbes

Ambani is also the year's biggest gainer, adding USD 9.3 bn to his wealth amid continuing success of his RJio.

04 Oct 2018 9:54 AM

Lakshmi Mittal donates USD 25 million to Harvard University

Donation will establish an endowed fund for the South Asia Institute at the university.

17 Oct 2017 1:11 PM

Chief executive Lakshmi Mittal of ArcelorMittal

Disruption worries me, says Arcelor Mittal CEO

I am not aware. So I think it is important to think differently to stay ahead of the curve and meet the challenges, says LN Mittal.

08 Jul 2017 7:08 AM

ILVA steel plant. Courtesy: Youtube screengrab.

ArcelorMIttal bid for Ilva plants gets govt nod

Italy has been trying to sell Ilva since 2015 when the state took full control of the plant in a bid to clean up the polluted site.

06 Jun 2017 12:54 PM

This year’s UK rich list is topped by the brothers Sri and Gopi Hinduja. Their bundle is evaluated at £16.2 billion, which marks an increase from 2016 of £3.2 billion.

Brexit ‘bonus’ for Hindujas?

The millions who voted for Brexit didn’t profit from the boost to the stock market.

13 May 2017 12:12 AM

ArcelorMittal back in black on operating profit

Global steel giant booked net profit of $1.8 bn in 2016 against a net loss of $7.9 bn last year.

11 Feb 2017 12:53 PM

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