Lakshmi Mittal

As Mittal shifts base, UK minister says tax hikes are driving wealthy out

Britain's Business and Trade Secretary Peter Kyle admitted that it is Labour's taxation regime that is causing the exodus of the super-rich

L N Mittal leaves UK ahead of proposed taxes on super-rich: Report

Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and a regular on the country's richest billionaires tally, has decided to quit the UK as the Labour Party-led government's feared tax shake-up for the super-rich nears, according to a UK media report on Sunday. Rajasthan-born Mittal is a resident in Switzerland for tax and will now spend much of his future in Dubai, according to the The Sunday Times'. The founder of ArcelorMittal steelworks is worth an estimated 15.4 billion pounds as per the 2025 Sunday Times Rich List', which ranked him the UK's eighth richest man. Now, the newspaper references sources close to the 75-year-old industrialist to claim he has become the latest billionaire to leave the UK ahead of a much-anticipated Budget by Chancellor Rachel Reeves on Wednesday. Mittal already has a mansion in Dubai and has now bought up tracts of an intriguing development on the nearby Naa Island in the United Arab Emirates (UAE), the newspaper claims. The n

Billionaire Lakshmi Mittal buys mansion in 'Beverly Hills of Dubai'

The India-born billionaire snapped up a palatial home in a gated community known as the "Beverly Hills of Dubai," said the people

Why are London's millionaires racing to Asia and the US in record numbers?

Over 11,000 millionaires reportedly left London in 2024, marking one of the highest annual outflows of wealthy residents from the UK capital in recent history

Steel tycoon Lakshmi Mittal looks to leave UK over govt's non-dom crackdown

Former ArcelorMittal CEO Lakshmi Mittal may be look to relocate to a destination that offer attractive tax incentives for high-net-worth individuals

Lakshmi Mittal discusses mill closure plans with South African officials

AMSA plans to close three plants - including two steel mills that the auto-making, mining and construction industries depend on - at the end of the month

Mittal's woes threaten South Africa's $257 billion infrastructure revival

Rand York Castings Ltd., one of the nation's largest steel fabricators, said it may move a unit that makes civil-engineering products it exports globally to India

Steel exports from China making business unsustainable: ArcelorMittal

Steel consumption in China could even contract, according to ArcelorMittal, which lowered its 2024 forecast to a range of -1 per cent to +1 per cent

Vibrant Gujarat Global Summit 2024: India a vishwa mitra, says PM Modi

All major rating agencies, Modi said, are of the opinion that India will be among the top three largest economies of the world in the next few years

At Vibrant Gujarat Global Summit, firms unveil big spending plans

At the Vibrant Gujarat Summit 2024, India's corporate goliaths- Adani, Ambani, and Tata- collectively announced mega investment plans for the state

Billionaire Adar Poonawalla to pay £138 mn for Mayfair mansion in London

Indian billionaire Adar Poonawalla has agreed to pay £138 million for Aberconway House, a 1920s home near Hyde Park, in one of the city's most expensive home sales of the year

How billionaire Lakshmi Mittal's brother got a $500 mn bailout in Nigeria

Pramod Mittal, whose career in the steel industry has been less glittering than his better-known sibling has a string of abandoned factories and a trail of unpaid debts to his name

Ambani regains Asia's richest person spot, Adani tumbles to 24: Forbes

Steel magnate Lakshmi Mittal was ranked at No. 5 followed by OP Jindal Group matriarch Savitri Jindal, Sun Pharma's Dilip Shanghvi and Radhakishan Damani, whose Avenue Supermarts owns the DMart

Bharti Airtel to hike mobile services rates across all plans this year

Bharti Airtel is looking to raise mobile phone call and data rates across all plans this year, telecom firm's Chairman Sunil Bharti Mittal said here. The company last month increased the price of its minimum recharge or the entry-level for the 28-day mobile phone service plan by about 57 per cent to Rs 155 in eight circles. Responding to a PTI query on the need for a tariff hike when the company's balance sheet is healthy, he said the return on capital in the telecom business is very low and a tariff hike is expected this year. "It (tariff hike) will happen across the board," Mittal said at Mobile World Congress (MWC) here on Monday. He said the company has injected a lot of capital that has made the balance sheet strong but the return on capital in the industry is very low. "That needs to change. We are talking of small increments that need to come in the Indian tariff situation. I hope it happens this year," Mittal said. Asked about the impact of price increase on people at the

Lakshmi Mittal's brother sued over 'sham' loans to quit bankruptcy

Inauthentic debt worth over £2 billion from "friendly creditors" helped him "swamp" through the required votes from lenders for the payment arrangement, Moorgate's lawyers claim

India at 75: Nooyi to Pichai - 4 Indians who made it big on global stage

They've got the world to sit up and take notice. Starting from humble beginnings, they have come to lead global companies. A look at 4 professionals whose story is as much India's as the world's

Steel magnate Mittal meets Odisha CM Naveen Patnaik, visits Paradip port

Global steel giant ArcelorMittal's Executive Chairman L N Mittal called on Odisha CM Naveen Patnaik and visited Paradip Port in connection with a proposed mega steel project in Kendrapara district

HPCL-Mittal first Indian company to buy Guyanese crude Liza: Report

The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast

Aditya Mittal appointed ArcelorMittal CEO; father to be executive chairman

Aditya Mittal is now president, chief financial officer (CFO) and chief executive officer (CEO) ArcelorMittal Europe.

Aditya Mittal set to take over from his father as CEO of ArcelorMittal

The company also said it will pay a dividend of 30 cents a share. The steelmaking giant halted payouts following a collapse in demand last year