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Monday, October 27, 2025
TopicLakshmi Mittal

Topic: Lakshmi Mittal

Billionaire Laxmi Mittal’s brother Pramod, jailed for ‘fraud’, led opulent life despite debts

Pramod Mittal, who has the reputation of a risk-taker, was sentenced to one-month detention in Bosnia for suspected fraud.

India’s 23 richest people saw $21 billion vanish in 2018

Lakshmi Mittal, who controls the world’s largest steelmaker, led the way, losing $5.6 billion.

Essar Steel may not even be bankrupt by the time bidding for it ends

If Numetal decides to pay for Essar’s defaults, bidding to resolve the high-profile bankruptcy will be one where the firm isn’t even bankrupt anymore.

Delay in selling Essar should be a wake-up call for India’s bankruptcy process

What should’ve been simple question of deciding who’s willing to shell out the most for a prized asset has become a complex debate.

Russia’s top bank willing to buy out India’s sick Essar in a $6 billion race

The VTB-led consortium’s bid will be in contest with that of Lakshmi Mittal’s ArcelorMittal, which submitted a higher offer than the VTB investor group last month.

On Camera

After losing no.2 carmaker spot, Hyundai is betting big on the new Venue

Indian car buyers are just as tech-obsessed as their Chinese counterparts, and that obsession has taken precedence over handling and performance.

Paper in MoSPI journal flags financial inclusion gap—highest among Hindus, lowest for Muslims

Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.