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Thursday, November 13, 2025
TopicArceloreMittal

Topic: ArceloreMittal

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

Ishika Mookerjee -
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

Upmanyu Trivedi -
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

Baiju Kalesh -
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

Swansy Afonso -
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

Swansy Afonso -
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

YourTurn

Opinion

Trump stoked the Epstein scandal. It’s come back to bite him

Bloomberg Opinion -
The disgraced financier also seemed to allege in documents that Trump kept company for hours with one of Epstein’s victims.

India’s much-maligned intelligence agencies are our only hope against terror attacks

TV reporters wandered through Delhi blast debris like a Sunday market. ‘Oh, there’s a hand’

Economy

Wealth nears $99 trillion, still Asia’s rich don’t have succession plans

Bloomberg News -
Much of this wealth is tied to founder-led businesses that employ millions and help anchor regional economies.

Defence

Turkey blocks transport of Apache choppers to India through its airspace, new route being worked out

Snehesh Alex Philip -
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.

National Interest

Bihar is where politics moves, and everything else stands still

Shekhar Gupta -
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.

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