NRI steel tycoon L N Mittal will arrive in New Delhi on July 7 to review his India plans, just days after reaching an agreement to merge Mittal Steel with it nearest rival Luxembourg-based Arcelor to create the world's largest steel conglomerate.
The Frenchman clinched his first victory in the Tour de France when he won Sunday's first stage.
Paving the way for a merger between Arcelor and Mittal Steel, an overwhelming majority of shareholders of the Luxembourg-based firm on Friday voted down a merger proposal from Russia's Severstal.
Arcelor's decision to unceremoniously dump Severstal for rival Mittal Steel has sparked a predictable backlaksh from Russia, with President Vladimir Putin saying Moscow would protect itself and its citizens from unfair competition.
The merger will create a company with nearly a 10 per cent share of global production
The French Open champion is eyeing glory at Wimbledon, despite having won only one match on grass over the past 12 months.
Not convinced by the assurance that business takeovers would be decided on commercial basis, India told the French authorities in no uncertain terms that colour and nationality should not be criteria in such deals
Arcelor's tie-up with Russian steel giant Severstal has raised doubts in some quarters with a shareholder activist claiming that the deal was to escape the Mittal offer at 'any cost'.
A day after NRI steel tycoon Lakshmi Mittal jacked up his offer for rival Arcelor to euro 25.8 billion
Mittal Steel is offering about $23.2 billion cash and its own shares for Arcelor.
Mittal Steel, the world's biggest steel manufacturer, which made a $28.7 billion bid for acquiring Luxembourg-based Arcelor, on Friday said it has received US antitrust clearance for the said bid.
The Mittal family stake has shot up to £14.881 billion ($26.517 billion), according to the Sunrise Rich List.
If India can fast utilise currency flows for long-term projects, the regulatory regime could be more liberal.
India's biggest drugmaker Ranbaxy on Thursday acquired the 10th largest generic company in Belgium, Ethimed NV, for an undisclosed sum, a day after it shelled out $324 million to buy Terapia in Romania.
NRI steel tycoon Lakshmi Mittal is considering relinquishing his controlling stake - a move that could lower the barriers to shareholders accepting his $22.1 billion
Arcelor has stoked up its attack against NRI steel tycoon Lakshmi Mittal blaming him for inflaming political opinion over his $22.1 billion
Mittal Steel, owned by NRI steel tycoon Lakshmi Mittal, hopes to reduce some of the tension in France over its hostile $22.1 billion bid to take over Luxembourg-based Arcelor through a meeting next week in Paris with the French Finance Minister.
\n\nNRI steel tycoon Lakshmi Mittal appears to have crossed the first hurdle with three European regulators publishing the official $22.1 billion bid for his takeover of the Luxembourg-based Arcelor steel company.\n
Amid the raging controversy over Mittal Steel's takeover bid for rival Arcelor, the European Union on Tuesday said it was against racial discrimination
The Times daily quoting sources close to Nippon Steel of Japan on Monday reported that a powerful clause in its 2001 technology tie-up agreement with Arcelor could dramatically reduce a would-be buyer's interest in the French-run company.\n\n
It is not in our interest for the rupeee to rise against the dollar in which our exports are invoiced.
The European Parliament should discuss and debate Lakshmi Mittal's $23 billion bid for Arcelor, Josep Borrel, President of the Parliament has said.
The American ace lost 6-4, 6-2 to Guillermo Garcia-Lopez in his comeback tournament in Florida
The domestic mutual funds such as Reliance Mutual Fund and Tata Asset Management Company are in advanced talks with global fund houses and investment advisors, in an attempt to offer global investment products to their Indian investors.
When the world started looking away, the Swiss ace again brought the spotlight firmly on himself with a masterful showing at the US Open.
Novak Djokovic outgunned Andy Roddick in a high-quality shootout to set up a tantalising semi-final with four-times champion Roger Federer.
Roger Federer leapt into the fourth round and Jelena Jankovic zoomed in on a maiden Grand Slam crown at the US Open on Sunday when the title favourites discovered their sweet spots at Flushing Meadows. After a week of lukewarm performances, four-times champion Federer turned on the heat with a masterful 6-3, 6-3, 6-2 destruction of Czech 28th seed Radek Stepanek.
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