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MITTAL BAILOUT
How billionaire Mittal’s distressed brother got a $500 million bailout far away from IndiaPramod Mittal, lesser-known in the steel industry compared to his brother Lakshmi, is navigating financial turmoil. Nigeria agreed to pay n...
Cabinet may consider relief package for telecom sector on WednesdayThe relief package under consideration includes telecom firms getting an option to convert interest on spectrum dues of the four-year morat...
What happens to subscribers if Vodafone Idea dies, and other key questionsFrom being the biggest telecom company in India post their merger with over 40 crore customers, today Vodafone Idea is the third-largest, s...
Sanjeev Gupta's Liberty Steel makes a non-binding offer to acquire ThyssenKrupp's Europe's steel business“With both transformation experience and an entrepreneurial approach, a possible combination of Liberty Steel and Thyssenkrupp Steel would ...
CBI court accepts closure report giving clean chit to former special director Rakesh Asthana in bribery caseExonerating Asthana and the Deputy Superintendent of Police (DSP) Devender Kumar of all the charges, the agency had told the court last mon...
Defaults in Asia set to rise with hot spots in China, IndiaAs some economies in Asia slow, companies are left vulnerable to any tightening in liquidity. A rise in defaults would likely further weigh...
CoS meets to discuss bailout package for telcos; DoT working on demand noticesSources said the DoT is working out the exact liability that Bharti Airtel, Vodafone Idea Ltd, and other telecom operators owe to the gover...
Take a private road out of India's banking morass: GadflyIt took a $2-bn fraud at the government-owned Punjab National Bank to snuff out all the excitement over a $32-billion recapitalization of t...
Tale of two acquisitions: Mittal Steel's acquisition of Arcelor and Tata Steel's acquisition of CorusIn 2006-07, two Indian steelmakers made two big-ticket acquisitions. Both the deals — by Mittal and Tata Steel — turned sour by 2014.
Lakshmi Mittal's South African steel plant in government bailoutThe biggest plant is at Vanderbijlpark, employing 4,500 people and accounting for almost half of the company's sales, but it is also the bi...
Rupee depreciates against dollarThere has been persistent demand for the US currency from banks and importers in line with higher demand for greenback overseas.
Court lifts ban on land use change in Gurgaon,FaridabadThe bench lifted the ban, after accepting that Haryana government's submission that its sub-regional plan met the NCRPB norms.
- Lakshmi Mittal, Carlos Slim lose $10 billion in a week due to the global stock market crash
Commodities trader Ivan Glasenberg, head of Glencore International also suffered reverses. He lost £788 million as his share price fell sha...
- The rise and fall of Ispat Industries in Kolkata
Community members pointed out this was a business decision and should not be construed as a 'bailout package' for the Mittals by the Jindal...
- We didn't start tariff war, says Sunil Mittal
Bharti Airtel chairman Sunil Mittal said his telecoms firm did not initiate the ongoing price war that has resulted in a sharp fall in oper...
- Industry suggests 100-day programme for new govt
Apex industry associations on Saturday welcomed the mandate in favour of the ruling UPA and suggested a 100-day programme of action for sti...
- Financials put Pandit on top among NRI-run firms
Citigroup's Vikram Pandit emerged as one of the best performers among the US cos run by persons of Indian origin. Highest-paid CEOs I Most ...
- BPO: A bright spot in global gloom
Business outsourcing may not be the most glamorous industry in the world but it is one of the few bright lights amid the doom and gloom of ...
- Outsourcing one bright light in sea of global gloom
Business outsourcing may not be the most glamorous industry in the world but it is one of the few bright lights amid the doom and gloom of ...
- India's IT sector eyes opportunities amid global turmoil
IT sector traditionally views bad times as offering potential as Western companies cut costs by moving work to cheaper destinations offshor...