Page 7 - Arcelormittal

SC sets aside NCLAT order, paves way for Arcelor to acquire Essar Steel

Apex court relaxes 330-day timeline for resolving stressed assets by diluting its mandatory nature

Bank stocks cheer SC verdict on ArcelorMittal's acquisition of Essar steel

While Corporation Bank gained the most, up 17 per cent in Friday's trade, State Bank of India (SBI), IDBI Bank, Punjab National Bank, and Canara Bank rose 2.5-5 per cent

Top headlines: Consumer spend, Singh bros, Essar Steel case, and more

From NSO data on consumer spending to Walmart International's sales growth, here are the top news stories that made headlines today

Essar Steel case: SC clears way for ArcelorMittal to complete $5.8 bn deal

The acquisition of Essar Steel India Ltd will make Arcelor the fourth-biggest producer in a nation where the government is investing trillions of rupees in infrastructure

ArcelorMittal to shut down steel plant in South Africa, lay off 1000

South African government expresses 'disappointment' at the decision of ArcelorMittal South Africa.

ArcelorMittal wants to sack 5,000 employees: Italian PM Giuseppe Conte

The announcement by ArcelorMittal to pull out of deal to buy Ilva has caused shockwaves in Italy where the deal was expcted to safeguard thousands of jobs

ArcelorMittal beats estimates in Q3, trims forecast for steel demand

The company, which produces around 5 per cent of global steel, said it now expected its own shipments to be stable this year

What made ArcelorMittal withdraw from buying Italy's steel firm Ilva

Here is an explanation of what has gone wrong and why the issue is so important for Italy

ArcelorMittal will not reverse its Ilva deal decision, says report

Italy's industry minister said earlier the government might draw up a new norm clarifying the legal protection already in place for the steel firm, but the source said this would not suffice

ArcelorMittal aborts plan to acquire struggling Italian group Ilva

Ilva's Taranto site in southern Italy is at the centre of a huge legal case

Recent CoC decisions raise hopes for the return of errant promoters

Two recent CoC decisions give hope to those who were pushed out of their company's management due to IBC provisions

Top 10 biz headlines: Ruias win back Mahan Power, auto cos' GST woes & more

From the Ruias being set to wrest back control of the Mahan Power project to the govt's warning that GST relief for auto cos may raise burden on other goods, here are Thursday's top business headlines

Ruias set to win back control of Mahan Power as ArcelorMittal bid falters

Banks reject L N Mittal's conditional offer

ArcelorMittal's funding fails to lift Uttam Galva Steels fortunes

Mittal's payment to banks came after the Supreme Court asked the company to pay overdues

JSW Steel's Rs 19,700-crore bid for Bhushan Power & Steel gets NCLT nod

The NCLT also rejected the objections raised by Tata Steel over the bids submitted by JSW and its erstwhile promoters

ArcelorMittal reports $447 mn loss for June quarter due to low steel prices

Sales increased to $19.3 billion during the quarter as against $19.2 billion in the year-ago period, registering a marginal rise of 0.5 per cent

ArcelorMittal hopes to close deal for Essar Steel acquisition in Q3

On July 4, 2019, the NCLAT approved our resolution plan for the acquisition of Essar Steel India

Setback for ArcelorMittal: Caymans court denies freeze on Essar Global Fund

ArcelorMittal has mounted legal battles against the Ruia family in multiple countries in an effort to enforce a $1.5 billion US arbitration award it had won in December 2017

If not quashed, Essar Steel ruling can unravel India's insolvency reform

The ruling can make credit costs for India Inc. surge, shares of state-run banks swoon and foreign investors flee

Banks warn of 'severe plunge' in recoveries after bankruptcy ruling

Banks are joining foreign funds including SC Lowy in predicting risks from the Essar Steel sale