Essar Steel: Mittals seek immunity from probes
Worries stem from BPSL case, where ED attached assets of the company after it was taken over by JSW Steel.
Bosnia arrests 4 people in probe against Lakshmi Mittal's brother
Prosecutors in the central town of Tuzla said Tuesday the suspects with all...
India's 10 richest people: How much they lost and gained in the past one year
Did you know that Mukesh Ambani's networth is equal to 2.1% of ...
Tata Steel unveils cost-cutting plans for Europe business, including 3,000 job cuts
A top Tata Steel official had earlier said that the steel major was looking to make European business stronger for which it would continue to explore various business options. The comments had come after its plans to merge European business with German steel giant Thyssenkrupp had fallen through. The company is now planning job cuts in Europe amid challenging market conditions.
NCLAT's Essar Steel ruling set aside: Everything you need to know
The Supreme Court on Friday set aside the July 4 order of the NCLAT approving ArcelorMittal's Rs 42,000-crore bid for acquiring debt-laden E...
Is SC's Essar Steel verdict key to solving India’s bad loan problem?
SC empowered banks to set the terms of the distribution of sale proceeds between creditors.
Italy presses steelmaker to agree deal on plant, save jobs
The French-Indian steelmaker balked at continuing to operate the steel plant after the Italian government recently removed immunity from prosecution in case of environmental damage. But the company's Italian CEO also cited various legal challenges and other difficulties it claims thwarts production goals set out in the deal with Italy.
Lakshmi Mittal's South African subsidiary facing serious environmental contravention charges
AMSA had been given more than a decade to bring about the required changes for legal compliance.
D-Street lost Rs 6 lakh cr year to date; but these billionaires still made billions
Wadia Group Chairman Nusli Wadia's wealth dropped by about $1.44 billion to $5.86 billion.
Lakshmi Mittal helps younger brother Pramod settle STC dues
The Steel magnate paid Rs 2,210 cr to State Trading Corporation to bail out brother Pramod Kumar Mittal.
Essar Steel: Finally bankers expect money next month
On November 15, the apex court paved the way for ArcelorMittal to take over Essar Steel for Rs 42,000 crore, giving primacy to secured creditors in any bankruptcy resolution plan. The apex court over-ruled the appellate tribunal NCLAT which asked the banks to share the proceeds equally with the unsecured creditors as well.
7 richest Indians took away one-fifth of the money that the market made in six months
Mukesh Ambani, the richest Indian who runs RIL, has added $7.41 billion to his fortunes.
Homecoming costs Lakshmi Mittal $7 billion in year of legal drama
Mittal’s steel company is finally nearing the end of a yearlong battle to break into India.
Courts, banks must fast-track Essar resolution: Sajjan Jindal, Chairman, JSW Group
Jindal feels the near-$10 billion cheque that ArcelorMittal may be writing for Essar Steel may not be viable.
ArcelorMittal to pay Rs 42,000 cr for Essar Steel takeover
The NCLAT would continue to hear the Essar Steel insolvency case on May 21.
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