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

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

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

Dismissing allegations that hehad received money from a private steel company, former Union
Minister Virbhadra Singh today threatened legal action against all the people behind the 'motivated campaign

Steel major SAIL on Monday reported 18 per cent dip in net profit at Rs 696 crore for the first quarter ended June, 2012 on account of higher input costs and weak rupee.

The state-owned firm had post

The government has approved disinvestment of 10.82 per cent stake in Steel Authority of India (SAIL) through auction route.

"The Cabinet Committee on Economic Affairs has approved the disinvestment o

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.

On the back of healthy demand, rise in input costs and hike in excise duty, steel prices are likely to go up by 5.7 per cent in fiscal 2013, according to economic think tank CMIE.

"We expect stee

The United States piled another layer of preliminary duties on Thursday on a certain type of steel pipe from India, one month after New Delhi complained at the World Trade Organisation about an earlie

South Korea's Posco, the world's third largest steelmaker by output, said on Friday first-quarter net profit dropped 42 per cent year-on-year due to price cuts and higher raw material costs.

Net pro