Word: mittal
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Dates: during 2000-2009
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...world invites you to a private dinner at his gorgeous $128 million London home, who would be so churlish as to refuse, even if he is your biggest business competitor? Guy Dollé says he had no reason to suspect that the Jan. 13 invitation from Lakshmi N. Mittal would be the prelude to a hostile takeover bid that last week sent half of Europe into a frenzy. [an error occurred while processing this directive...
...such as Infosys and Wipro are scouting for acquisitions abroad. Then there's the cultural dimension to the new confidence. Three Indian restaurants in London now have Michelin stars; Bollywood is suddenly fashionable; and remixes of Hindi film songs play in Europe's trendiest clubs. In some ways, Lakshmi Mittal is the symbol of the new Indian confidence. Even a decade ago, who would have dreamt that the third richest man in the world would hold an Indian passport? Integral to the way in which Indians regard Mittal is that he is not a child of the diaspora, not some...
...impressive Chinese present were government servants, technocrats who could talk the language of international trade and finance as if they had degrees from the best graduate schools in the U.S. (which of course many have). The best Indians, by contrast - and this was before the news broke of Lakshmi Mittal's audacious bid for Europe's steel giant Arcelor - were business leaders from the private sector, already building brands (as very few Chinese firms yet have done) with a global reputation. This speaks to a significant difference in the Chinese and Indian economies. Mittal may have spurred protectionist talk from...
...productive business environment," Porter said. "It has talented high-end people with deep expertise in IT, software, pharmaceuticals. It has the opportunity to go much further." And as the Indian parties all over Davos this year proved, it already has a crop of companies - Infosys, Jet Airways and Mittal Steel - whose leaders are trying to become the next masters of the universe. Indeed, while Davos was in full swing on Friday, Mittal Steel made an audacious j18.6 billion bid for Europe's steel champion, Luxembourg-based Arcelor. Naturally, such predictions depend on a huge number of assumptions that could easily...
...reprivatization. Potentially, some of the largest and most profitable companies in Ukraine could be up for grabs, including two big aluminum plants, and a major mining firm worth as much as $1.5 billion that was sold for just $100 million, also to a consortium linked to Pinchuk. Rotterdam-based Mittal Steel, for one, is excited about the prospect. Its joint bid last year with U.S. Steel for Kryvorizhstal included $1.5 billion for a 93% stake in the plant, plus promised investment of $1.2 billion to raise production and improve quality. The offer was blocked on technical grounds that Mittal...