ArcelorMittal

ArcelorMittal to cut 2000 jobs in South Africa

ArcelorMittal to cut 2000 jobs in South Africa

Global steel giant ArcelorMittal said Wednesday it could slash nearly a quarter of its workforce in South Africa in a bid to curb costs a...Read More

Supreme Court status quo on Essar Steel sale to ArcelorMittal

Supreme Court status quo on Essar Steel sale to ArcelorMittal

The Supreme Court on Monday ruled status quo on the sale of Essar Steel to ArcelorMittal. A bench headed by Justice Rhinton F. Nariman ad...Read More

SC's status quo on Essar Steel sale to ArcelorMittal

SC's status quo on Essar Steel sale to ArcelorMittal

The Supreme Court on Monday ruled status quo on the sale of Essar Steel to ArcelorMittal.

Prashant Ruia's plea v/s Arcelor's bid for Essar rejected

Prashant Ruia's plea v/s Arcelor's bid for Essar rejected

The National Company Law Appellate Tribunal (NCLAT) on Thursday rejected Essar Steel promoter Prashant Ruia's plea against the Rs 42,000 ...Read More

NCLAT reserves order on Essar Steel case

NCLAT reserves order on Essar Steel case

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Tuesday reserved its order over a batch of petitions against ArcelorMit...Read More

Will pay Rs 42,000 crore for Essar Steel: ArcelorMittal

Will pay Rs 42,000 crore for Essar Steel: ArcelorMittal

New Delhi: Global steel major ArcelorMittal Monday told the National Company Law Appellate Tribunal (NCLAT) that it would pay Rs 42,000 c...Read More

StanChart slams Essar CoC for holding ‘secret’ talks with ArcelorMittal

StanChart slams Essar CoC for holding ‘secret’ talks with ArcelorMittal

New Delhi: Standard Chartered Bank (StanChart) on Tuesday slammed Essar Steel’s Committee of Creditors (CoC) for holding “secret” negotia...Read More

Arcelor paying only Rs 39,500 cr for Essar Steel: Kapil Sibal

Arcelor paying only Rs 39,500 cr for Essar Steel: Kapil Sibal

New Delhi: The world’s largest steelmaker ArcelorMittal is in effect paying Rs 39,500 crore and not Rs 42,000 crore for buying Essar Stee...Read More

NCLAT prepones hearing on Essar Steel to May 7

NCLAT prepones hearing on Essar Steel to May 7

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has preponed its scheduled hearing over the resolution process of debt-rid...Read More

SBI files recovery suit against Ravi Ruia

SBI files recovery suit against Ravi Ruia

Ahmedabad: The State Bank of India filed a recovery suit against Prashant and Ravi Ruia, before the Debt Recovery Tribunal (DRT) here in ...Read More

Supreme Court orders status quo on Essar Steel India bid

Supreme Court orders status quo on Essar Steel India bid

New Delhi: The Supreme Court (SC) on Friday restrained steel manufacturing giant ArcelorMittal from acquiring Essar Steel India and order...Read More

NPA recovery target in jeopardy on Essar Steel

NPA recovery target in jeopardy on Essar Steel

New Delhi: The delay in actual realisation from the resolution of the big-ticket cases like Essar Steel has put the NPAs, or bad loans, r...Read More

ArcelorMittal Essar Steel case

ArcelorMittal Essar Steel case

New Delhi: The insolvency proceedings of the debt-laden Essar Steel may take more time to see the light at the end of the tunnel with the...Read More

Ex Essar Steel directors approach NCLAT

Ex Essar Steel directors approach NCLAT

New Delhi: Three directors of erstwhile Essar Steel had approached the National Company Law Appellate Tribunal (NCLAT) against a lower ba...Read More

ArcelorMittal facing excess capex ‘risks’ on proposed Essar acquisition

ArcelorMittal facing excess capex ‘risks’ on proposed Essar acquisition

London: ArcelorMittal on Monday said it is staring at various risks including excess capex and delays in achieving commercial objectives ...Read More

ArcelorMittal buys back USD 89-million shares

ArcelorMittal buys back USD 89-million shares

LONDON: Global steel giant ArcelorMittal on Tuesday said it has repurchased four million shares worth $89 million under its share buyback...Read More

Arcelor offers Rs 4,800 crore to Essar Mahan lenders

Arcelor offers Rs 4,800 crore to Essar Mahan lenders

MUMBAI: ArcelorMittal has proposed a resolution offer of Rs 4,800 crore to lender of stressed Essar Mahan power project, over 37 per cent...Read More

Ruias’ Rs 54,389-crore bid to retain Essar hits NCLT wall

Ruias’ Rs 54,389-crore bid to retain Essar hits NCLT wall

Mumbai: In a major setback for the promoters of debt-laden Essar Steel, the Ahmedabad-bench of National Company Law Tribunal (NCLT) on Tu...Read More

Standard Chartered Bank moves NCLT against Arcelor-Essar deal

Standard Chartered Bank moves NCLT against Arcelor-Essar deal

Ahmedabad: Standard Chartered Bank has filed an interlocutory application in the bankruptcy court against a panel of lenders selecting Ar...Read More

ArcelorMittal faces fresh hurdle in acquiring Essar

ArcelorMittal faces fresh hurdle in acquiring Essar

Ahmedabad: State-run gas utility GAIL (India) and Gujarat Energy Transmission Corp (GETCO) have moved the National Company Law Tribunal (...Read More

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