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Friday, September 5, 2025
TopicArceloreMittal

Topic: ArceloreMittal

Morgan Stanley sees hope for Indian banks after SC cleared Essar Steel purchase

SC ruling allowing ArcelorMittal’s purchase of Essar Steel puts banks in better position to get money back from insolvent companies, Morgan Stanley says.

Supreme Court clears way for ArcelorMittal to acquire Essar Steel

The Supreme Court allowed ArcelorMittal to complete its acquisition of Essar Steel India Ltd. by setting aside NCLAT’s order that gave secured and unsecured creditors equal right over sale proceeds.

ArcelorMittal plans to bid for Essar power plant in MP along with Resurgent

Arcelor and Resurgent have held preliminary talks on a potential joint bid for the 1,200-megawatt Essar power plant in Madhya Pradesh.

Lakshmi Mittal on the verge of getting control of Essar Steel and entering India

ArcelorMittal will now begin final negotiations with creditors of Essar Steel under India’s bankruptcy laws.

ArcelorMittal heads to court in battle over India’s steel market

Billionaire Lakshmi Mittal’s ArcelorMittal will challenge the eligibility of the VTB-led Numetal Ltd. group in bidding for Essar Steel India Ltd. 

On Camera

Kolkata’s silencing of Javed Akhtar exposes India’s secular vacuum

Even those parties that wear the label of secular and progressive often bow to the pressures of fundamentalist groups within the Muslim community.

GST 2.0: India streamlines indirect tax regime amid Trump tariffs & what it means for consumers

Goods and Services Tax Council paves way for a broad two-slab structure of 5% and 18% with a demerit rate of 40% for super luxury and 'sin' goods.

Dassault Aviation takes majority control of joint venture with Anil Ambani’s Reliance

Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.