Exodus from ArcelorMittal India: 20 top executives, including CEO Sanak Mishra, quit
New Delhi: ArcelorMittal is facing an exodus of senior management at its India office, with about 20 top executives, including its CEO for Greenfield Projects Sanak Mishra, quitting in frustrations
Resistance, violence led to aborting $12 billion Odisha project: ArcelorMittal
New Delhi: ArcelorMittal, under attack from authorities for scrapping USD 12 billion Odisha steel project, on Tuesday contested charges of being 'non-starter' and lacking greenfield experience, sayin
ArcelorMittal scraps Rs 50,000 crore steel project in Odisha
New Delhi: In the biggest foreign investment pullout, world's largest steel maker ArcelorMittal on Wednesday scrapped its USD 12 billion (Rs 50,000 crore) steel plant in Odisha over inordinate delays
French minister ‘does not want Mittal in France’
French industrial renewal minister Arnaud Montebourg does not want steel giant ArcelorMittal in France anymore and is looking for an industrial partner with which to take the group's operations there over on a temporary basis, he said today in an interview.
S&P cuts ArcelorMittal debt to junk status
Rating agency Standard & Poor's cut ArcelorMittal's long-term debt to junk status on Thursday and said uncertainty about the debt reduction plans of the world's largest steelmaker and a weak sector ou
Not locating capital to India: Mittal
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.
ArcelorMittal sees tough market continuing into H2
ArcelorMittal, the world's largest steelmaker, forecast tough market conditions would continue into the second half of the year, particularly in Europe, after a divestment gain swelled second-quarter
Stop maligning India, Steel minister urges L.N. Mittal
Steel minister Beni Prasad Verma on Sunday said NRI billionaire L.N. Mittal should stop 'maligning' India and its government, asking why the steel baron was not setting up his plants in the country.
ArcelorMittal sees higher profits in Q2 after strong start
ArcelorMittal, the world's largest steelmaker, forecast higher profit in the second quarter after surprisingly strong earnings in the first three months of the year.
The Luxembourg-based company said
Lakshmi Mittal retains crown as Britain's richest man
Britain's wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons' earnings and savings were squeezed by infla