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Tuesday, July 22, 2025
TopicEssar Steel

Topic: Essar Steel

Homecoming costs Lakshmi Mittal’s ArcelorMittal $7 billion after a year of legal drama

Challenges from rival bidders & creditors have seen Mittal's firm make dozens of trips to court since an initial bid in Feb 2018 to acquire Essar Steel.

India’s bankruptcy law will exist—with dentures in place of teeth

India’s two-year-old bankruptcy regime has been brought to the brink of irrelevance by the strain of resolving its most high-profile case -- Essar...

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.

SC allows ArcelorMittal & NuMetal to bid for Essar provided they clear their dues in 2 weeks

The top court held both firms ineligible under amended Insolvency and Bankruptcy Code but granted them a fresh opportunity.

On Camera

Bihar mimics 19th-century American South. Citizenship is now weaponised to exclude voters

Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.