The India-born metals mogul owns 41 percent of ArcelorMittal, the world's biggest steelmaker. He is the Luxembourg-based company's largest shareholder, as well as a director of Goldman Sachs. The U.K. resident owns several London properties, including mansions on "Billionaires Row" near Kensington Palace, and holds a 34 percent stake in the Queens Park Rangers soccer team.
Lakshmi Mittal News
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ArcelorMittal, the world’s biggest steelmaker, posted first-quarter earnings that beat analyst estimates and forecast higher profit in the second three months of the year.
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President Francois Hollande presented options to ArcelorMittal Chief Executive Officer Lakshmi Mittal to save jobs at a French plant of the world’s largest steelmaker, including its nationalization.
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French Industry Minister Arnaud Montebourg sparked a furor by calling for the nationalization of a troubled local unit of ArcelorMittal, the world’s largest steelmaker.
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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Lakshmi Mittal, ArcelorMittal’s chairman and chief executive officer, settled a lawsuit by a food industry executive over an oil deal struck with the Nigerian government seven years ago.
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ArcelorMittal, the world’s biggest steelmaker, plans to cut costs by the end of 2015 as it seeks to emerge from a slump in demand and revive earnings.
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SpiceJet Ltd., controlled by Indian billionaire Kalanithi Maran, is counting on Bombardier Inc. turboprop planes to add more connections to under-served towns and help reverse two years of losses.
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It's hard not to enjoy Boris Johnson. As much of Europe, including the U.K., turns inward and throws up fences in vain attempts to ward off a global economic storm, London's mayor is arguing for open borders and trying to poach investors from France.
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Tata group, which started India’s first airline in 1932, is set to return to the industry as new Chairman Cyrus Mistry plans a budget carrier with Tony Fernandes’s AirAsia Bhd.
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AirAsia Bhd., the region’s biggest budget carrier, is considering offering some seats for free when it starts flying in India, a company official with direct knowledge of the matter said.
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