Last Updated: Thursday, July 18, 2013, 19:20
Worried that scrapping of USD 18 billion projects by ArcelorMittal and Posco would dent India's image, Union Minister Praful Patel Thursday called for "introspection" and underlined the need for transparent and simple processes in tune with the rest of the world.
Last Updated: Thursday, July 18, 2013, 19:07
ArcelorMittal's decision to back out of its proposed mega steel project in Keonjhar district would have no impact on the ongoing industrialisation in the state, Odisha government said Thursday.
Last Updated: Thursday, July 18, 2013, 17:36
A day after ArcelorMittal scrapped plans to build the USD 12 billion project in Odisha, the state government Thursday said it was a "non-starter" and the steel maker was "never really interested" in setting up the plant there.
Last Updated: Wednesday, July 17, 2013, 19:54
The development comes just a day after South Korean steel major Posco pulled out of its Rs 30,000-crore steel mill in Karnataka.
Last Updated: Friday, June 14, 2013, 14:06
Global steel giant ArcelorMittal on Friday said its executive vice president, member of the management committee and head of strategy, Bill Scotting will be the new chief executive of ArcelorMittal Mining.
Last Updated: Sunday, May 26, 2013, 18:36
The credit crunch seems to be taking its toll on one of the world's richest Indians Lakshmi N Mittal, who has put up one of his mansions in central London up for sale.
Last Updated: Friday, May 10, 2013, 15:38
ArcelorMittal, the world's largest steel maker, Friday reported a net loss of USD 345 million for the first quarter ended March, but said its restructuring efforts have begun to yield results.
Last Updated: Wednesday, April 17, 2013, 22:57
World's largest steel maker ArcelorMittal is supplying steel for one of the first steel-framed skyscrapers in France, which is scheduled to be completed next year.
Last Updated: Sunday, March 24, 2013, 00:31
Indian Institute of Management, Ahmedabad (IIM-A) has opposed the proposed legislation to bring IIMs under one umbrella body, saying it would curtail its autonomy.
Last Updated: Saturday, March 23, 2013, 22:12
Unhappy over delay in getting clearances for his projects, the world's largest steelmaker L N Mittal today said India was not his top priority for investment.
Last Updated: Friday, March 15, 2013, 23:24
ArcelorMittal will sell 15 percent stake in iron ore mining and infrastructure assets in Quebec, Canada, to a consortium led by POSCO and China Steel Corp for about USD 1.1 billion.
Last Updated: Friday, March 15, 2013, 22:59
World's largest steel maker ArcelorMittal Friday announced a plan to save USD 3 billion by 2015 through optimising its assets and other cost cutting measures.
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