Lakshmi Mittal News

Subscribe to enjoy similar stories.MUMBAI: Earlier in May, the Lakshmi Mittal family and vaccine-maker Adar Poonawalla successfully bid for Indian Premier League team Rajasthan Royals at a valuation of $1.65 billion, or over ₹15,600 crore. In March, the Birla family, along with Blackstone PE, Bolt Ventures and The Times of India Group, acquired rival IPL team Royal Challengers Bengaluru for a $1.78 billion valuation, or more than ₹16,000 crore.At these valuations, cricket teams are selling for 30x their last reported annual revenue from operations.

Subscribe to enjoy similar stories. MUMBAI : ArcelorMittal Nippon Steel India Ltd (AMNS India) has set an ambitious expansion roadmap for the rest of the decade, targeting 25-26 million tonnes of steelmaking capacity by 2030, its chief executive Dilip Oommen said in an interview. “By 2030, we will have at least 25-26 million tonnes.

Lakshmi Mittal is weighing the possibility of leaving the UK following the government’s decision to end tax benefits for non-domiciled residents. If he proceeds with this move, he will be among the wealthiest entrepreneurs to leave due to tax reforms. According to a Financial Times report, Mittal, who has lived in the UK for nearly 30 years, is assessing his options in response to the Labour government's decision to abolish the «non-dom» tax regime. This policy allowed certain UK residents to avoid taxes on foreign income and gains. “He is exploring his options and will take a final decision over the course of this year,” said a close associate. “There is a good chance he will cease to be a UK tax resident.” The billionaire and his family ranked seventh on the Sunday Times list of Britain's wealthiest individuals last year, with an estimated fortune of £14.9 billion. He owns multiple properties across Europe, the US, and Asia, including a chalet in St Moritz, Switzerland, and has recently been investing in Dubai real estate.

Subscribe to enjoy similar stories. Naveen Jindal, chairman of India’s fourth-largest steelmaker Jindal Steel and Power Ltd (JSPL), is building a private steel empire abroad, one that could match the size of his listed Indian company in future. Over the past five years, Jindal has built an end-to-end steel business with assets across Europe, the Middle East and Africa.

Subscribe to enjoy similar stories. India's two wealthiest individuals saw a slight dip in fortunes in 2024. Mukesh Ambani retained the top spot with $91.3 billion in 2024, but that marked a slight dip in his net worth, from $96.3 billion at the end of 2023.

₹664 crore between April 2019 and January 2024. Electoral bond donors & beneficiaries: Revealing the links The second-biggest donor to BJP is Reliance-linked Qwik Supply Chain. As per the data available on EC's website, the Reliance-linked company donated ₹395 crore to the saffron party.

Jairam Ramesh also said the party continues to demand unique bond ID numbers, so that it can precisely match donors to recipients. "The BJP's Hafta Vasooli strategy is simple raid a target through the ED/CBI/IT, and then seek hafta ("donations") for the company's protection. At least 14 of the top 30 donors have been raided," Ramesh alleged.

earlier submitted the data to the ECI. Let’s take a look at 10 key takeaways. 1.

viksit' (developed) status by 2047, marking a century of independence. This period, termed India's 'Amrit Kaal', aligns with national developmental goals.