Business Success Story: Steel Magnate To Billionaire: The Inspirational Saga Of Lakshmi Mittal's Rise To Global Business Triumph
Lakshmi Mittal, the Indian-born steel magnate, achieved global success by transforming his family's steel business into the world's largest steel producer, ArcelorMittal, through strategic acquisitions and efficient management.
Jan 11, 2024, 12:29 PM IST
In Pics: Top 10 richest persons in India in 2021
Richest Indians have increased their cumulative wealth by 50%. For the 14th year in a row Mukesh Ambani remains the wealthiest Indian, followed by Gautam Adani. India's top richest have cumulative worth of $336.4 billion.
Oct 07, 2021, 15:33 PM IST
Forbes terms Patanjali's Acharya Balkrishna as 19th richest Indian
Reliance Industries Ltd. chief Mukesh Ambani sustained India`s wealthiest position for the 10th straight year as his net worth swelled to $38 billion (nearly Rs. 2.5 trillion).
Oct 05, 2017, 15:58 PM IST
Ratan Tata, Lakshmi Mittal, Vinod Khosla in Forbes 100 Greatest Living Business Minds
Forbes` list of top business minds included people with a variety of backgrounds.
Sep 20, 2017, 11:34 AM IST
ArcelorMittal raises $3 billion via rights issue
Steel giant ArcelorMittal said it has successfully completed a USD 3 billion rights issue, proceeds of which will be utilised to pare debt.
Apr 05, 2016, 20:19 PM IST
Lakshmi Mittal's S African steel plant in government bailout
The South African arm of Indian steel magnate Lakshmi Mittal's business empire has received a bailout from government interventions after earlier being at loggerheads with it over a closure that would have effectively destroyed an entire town that depended on it.
Nov 09, 2015, 02:48 AM IST
Lakshmi Mittal's London steel tower losing money
One of London's newer landmarks, the Arcelor Mittal Orbit designed by British-Indian artist Anish Kapoor to mark the 2012 Olympic Games in the city, is losing nearly 10,000 pounds a week as tourist numbers fall short of expectations.
Oct 20, 2015, 23:26 PM IST
ArcelorMittal, SAIL to set up steel plant in India
NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.
May 22, 2015, 20:43 PM IST
ArcelorMittal's net loss widens to $728 million, cuts capex to $3 billion
The company, controlled by NRI billionaire Lakshmi Mittal, had reported a net loss of USD 205 million in the year-ago period, it said in a statement.
May 07, 2015, 12:43 PM IST
Top 101 in UK's Asian Rich List possess GBP 54.48 bn
According to the Asian Rich List, UK's 101 Wealthiest Asians in 2015 brought out by EasternEye - a publication of Asian Media and Marketing Group, the net worth of the people on the list has risen by 5.7 per cent over last year.
Mar 29, 2015, 12:26 PM IST
ArcelorMittal narrows Q4 loss to $955 mn
The company, controlled by NRI billionaire Lakshmi Mittal, had reported USD 1.2 billion net loss in the October-December quarter of the last year, it said in a statement.
Feb 13, 2015, 17:59 PM IST
ArcelorMittal sells its Kuzbass coal mines in Siberia
World's largest steel maker ArcelorMittal has announced selling its Kuzbass coal mines in the Kemerovo region of Siberia to Russia's National Fuel Company (NTK).
Jan 20, 2015, 18:12 PM IST
Steel baron Lakshmi Mittal drops down South Africa rich list
Mittal's 52 percent holding in ArcelorMittal, worth 6.3 billion rands, now places him at 13th position from 9th last year, 3rd before that, while he topped the list for the preceding six years.
Dec 07, 2014, 20:17 PM IST
Mittal bids for 'environmental disaster' Italian steel plant
ArcelorMittal has teamed up with Italy's Marcegaglia to bid for Ilva, a loss-making Italian steel plant at the centre of a major environmental scandal, the target company confirmed Wednesday.
Nov 26, 2014, 23:20 PM IST
ArcelorMittal, Gerdau to sell US steel mill for $770 mn
World's biggest steel producer ArcelorMittal today said it has inked a pact with Brazil's Gerdau to sell their 50 percent stakes in US-based Gallatin for USD 770 million, as part of its strategy to divest non-core assets.
Sep 15, 2014, 22:57 PM IST
ONGC-Mittal gives up oil block in Nigeria
ONGC-Mittal Energy Ltd, the famed joint venture of ONGC and steel czar Lakshmi Mittal, has relinquished an oil block in Nigeria after the African nation refused to relieve it of a USD 6 billion downstream investment commitment.
Aug 17, 2014, 21:06 PM IST
Top 5 richest Indians have half of nation's billionaire wealth
Mukesh Ambani remains the richest man in the country with an estimated net worth of USD 24.4 billion (about Rs 1,49,474 crore).
Aug 13, 2014, 14:37 PM IST
Lakshmi Mittal’s bid to buy mountain sparks protests in UK
Indian steel tycoon Lakshmi Mittal has bid for an iconic mountain range in Britain, sparking protests from local people who believe the move could make the area a playground for the super-rich.
Aug 04, 2014, 13:53 PM IST
