Steel baron Mittal, Ambani brothers among Forbes’ top-ten super-rich

October 5th, 2009 RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out of its proposed steel projects in Jharkhand and Orissa, the Jharkhand government Monday said it had not received any communication from the steel maker in this regard. "We have no information that ArcelorMittal is planning to wind up its greenfield steel project in the state," Jharkhand Industries Secretary N.N.

October 5th, 2009 BHUBANESWAR/RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out its proposed steel projects in Jharkhand and Orissa, the states Monday said they had not received any communication in this regard. "I have no information on that.

September 24th, 2009 WASHINGTON - Reliance Industries (RIL), Bharti Airtel, Infosys Technologies and Tata Consultancy Services are among the 13 Indian companies that have made it to the list of Forbes' 50 Best companies in the Asia-Pacific region. "Our list is a mix of giant, established companies this year which includes Australian miner BHP Billiton, Hong Kong conglomerate Noble Group and Indian oil and gas heavyweight RIL - and smaller outfits such as Agile Property Holdings, Anhui Conch Cement and Digital China Holdings," Forbes Asia said in a statement.

September 2nd, 2009 MOSCOW - Union Petroleum Minister Murli Deora on Wednesday said that the government tried to pacify the fighting Ambani brothers several times, but failed to bring about a reconciliation. "We tried to bring a reconciliation, but we failed.

September 2nd, 2009 NOIDA - State-run power utility NTPC will not file a separate plea in the ongoing legal dispute between Reliance Industries and Reliance Natural Resources since the government has already moved an application to protect its own and the navratna firm's interests, a senior government official said Wednesday. "Since the petroleum ministry has come out in support of NTPC, there is no need for NTPC to go to the Supreme Court," Power Secretary H.S.

July 29th, 2009 LONDON - Global steel giant ArcelorMittal, founded by Indian born L.N. Mittal, Wednesday reported a net loss of $800 million for the second quarter of this year but hoped for a much better performance in the ensuing months.

July 8th, 2009 BRUSSELS - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg.

April 15th, 2009 NEW DELHI - Global meltdown and falling demand have forced Arcelor-Mittal to delay by two years their proposed steel projects in Orissa and Jharkhand, estimated at $20-25 billion, its India head said here Wednesday. 'The top reason is economic downturn,' Vijay Bhatnagar, the chief of India operations, told reporters on the margins of a steel industry seminar organised by the Federation of Indian Chambers of Commerce and Industry (FICCI).

April 12th, 2009 WASHINGTON - Despite plunging steel prices, Indian-born steel czar Lakshmi Mittal with a net worth of $19.3 billion remains the world's richest soccer club owner in the Forbes list of soccer billionaires. 'Anybody can buy a ticket to a soccer game; these moguls own the teams on the field,' the American business publication said about the top soccer 10 ten picked up from its list of the World's Billionaires published in March.

April 9th, 2009 WASHINGTON - With $34 billion in sales from its oil and gas operations, Reliance Industries tops 47 Indian companies that figure in the Forbes list of the world's biggest 2,000 companies. Ranked 121st, Mukesh Ambani-led Reliance also makes it to the list of top 200 companies with two other Indian entities, State Bank of India (150) and Oil and Natural Gas Corporation (152), in the list compiled by the US business magazine.

March 16th, 2009 WASHINGTON - Where do the world's super-rich go for fun in these tough times? If the world's richest Indian Mukesh Ambani is turning his home in Mumbai into a playground, Lakshmi Mittal, the person he displaced as the top Indian in the latest Forbes list of billionaires, has been going to his Alpine getaway in St. Moritz, Switzerland, for decades.

March 12th, 2009 WASHINGTON - Despite losing $18 billion over the last 12 months, Bill Gates has reclaimed his title as the richest man in the world with a total net worth of $40 billion. As the number of billionaires on the planet shrank, Warren Buffett slipped to No.

March 12th, 2009 WASHINGTON - Reliance Industries chairman Mukesh Ambani has overtaken the London-based steel tycoon Lakshmi N. Mittal to emerge as Asia's richest person, as per the Forbes' list of world billionaires for 2009.

March 11th, 2009 WASHINGTON - Mukesh and Anil Ambani, steel czar Lakshmi Mittal and K.P. Singh, now the richest real estate baron, have been named by Forbes as the four Indians among the world's top 10 richest people.

February 13th, 2009 WASHINGTON - India-born steel czar Lakshimi Mittal and head of India's largest company Mukesh Ambani figure among Forbes list of 'World's Most Powerful Billionaires' who wield a staggering authority and influence far beyond their riches. Ranking third on the global list compiled by US business magazine is Lakshimi Mittal who 'controls 10 percent of the world's steel production through his company ArcelorMittal' despite his fortune falling $24.5 billion between March and November 2008.