Lakshmi Mittal

India's HMEL, part-owned by steel tycoon Lakshmi Mittal, has emerged as a new oil client of sanctions-hit Iran, potentially complicating New Delhi's bid for a renewal of its waiver from US sanctions for buying crude from Tehran.

Steel magnate Lakshmi Mittal, who has set up the Mittal Champions Trust to nurture medal hopefuls, tells Forbes India that athletes have to position themselves for victory.

Indian steel magnate Lakshmi Mittal has no immediate plans to invest in India, where his recent attempts to build steel plants in eastern Indian states Jharkhand and Odisha reportedly face local opposition and wrangles over land acquisition, says a media report.

World's largest steel maker ArcelorMittal today posted a 28.25% decline in core profit to USD 2.44 billion for the quarter ended June 30, 2012, due to sagging demand in European markets and lower prices.

The world's largest steel maker ArcelorMittal does not rule out further closures of sites in Europe amid demand slowdown, says a media report.

ArcelorMittal, the world's largest steelmaker, forecast higher profit in the second quarter after surprisingly strong earnings in the first three months of the year.

ArcelorMittal's planned steel plant investments in India are likely to be stalled for years, the company's chief executive said on Tuesday.

Britain's wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons' earnings and savings were squeezed by inflation and low interest rates.

Hindustan Mittal Energy Ltd in Bathinda may double capacity to 360,000 barrels per day, ArcelorMittal chairman Lakshmi Mittal said, at the opening of the plant that could help trade ties between the nuclear-armed India and Pakistan.

There has been some turbulence in the List this year. But the smart entrepreneurs are raking it in

Bullish on India, world’s largest steel maker ArcelorMittal today said the country remains an 'immediate' growth target for the company.

ArcelorMittal Chairman and CEO Lakshmi Mittal said he expected orders at the world's largest steel company to rise toward the end of the third quarter this year as global demand grows.

ArcelorMittal CEO Lakshmi Mittal said he expected orders at the world's largest steel company would rise toward the end of the third quarter this year.

Lakshmi Mittal, who controls ArcelorMittal, is close to buying Kazakhastan-based engineering, procurement and construction firm KazStroyServices Ltd (KSS) in his personal capacity, the Business Standard reported on Sunday.

Lakshmi Mittal, the Chairman and CEO of the world's largest steel-maker ArcelorMittal, earned a 11% hike in his base salary in 2010, after suffering pay cuts in the previous two consecutive years.

Mexican tycoon Carlos Slim is the richest person in the world for the second year in a row, Forbes said on Wednesday.

Forbes Magazine has revealed its precious list of top billionaires for 2011. According to the list, NRI steel tycoon Lakshmi Mittal and Indian industrialist Mukesh Ambani, chairman and managing director of Reliance Industries are amongst the richest top 10.