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Founder of Brookfield-backed Avaada seeks $750 million loan
Avaada Group founder Vineet Mittal plans to borrow $750 million from global lenders. This new financing will refinance the company's existing $1 billion credit facility. Several international banks are in talks to underwrite this significant debt deal. Avaada Group is also considering an initial public offering for its solar cell unit.
India to lead next phase of global steel demand, says Lakshmi Mittal
India is set to become the global leader in steel demand. This shift follows decades of strong growth from China. Lakshmi Mittal, executive chairman of ArcelorMittal, highlighted infrastructure development, urbanisation, and energy transition investments as key drivers. Operating in 2026 presents new challenges and opportunities.
India poised to drive next wave of global steel demand, says Lakshmi Mittal
India is set to lead global steel demand in the coming decades. Large-scale infrastructure projects, urban growth, and energy transition investments will drive this expansion. ArcelorMittal's Executive Chairman, Lakshmi Mittal, highlighted India's emerging role, comparing it to China's past growth. The company's 20th anniversary marks a new phase for the steel industry.
Mittal charts map for Bharti Telecom to regain Airtel majority
Bharti Telecom chairman Sunil Mittal plans to increase his family's stake in Bharti Airtel. The company will also boost its ownership in its African subsidiary. This move aims to consolidate control and prepare for future leadership transitions. Mittal envisions a significant customer base across India and Africa. The company may also consider global asset acquisitions.
Sunil Bharti Mittal says now is the time to ‘double down’ on investing in India: 'Cut obsession with gold imports'
Amid soaring global crude oil prices and an energy crisis fuelled by the ongoing US-Iran conflict, Sunil Bharti Mittal, also advocated the use of renewable energy.
Government pushes faster PNG rollout amid Gulf crisis
India is pushing for more piped gas connections. Oil Secretary Neeraj Mittal has asked city gas companies to speed up adding household connections. This comes as the government eases rules for infrastructure. The move aims to reduce reliance on imported fuel. Recent global events highlighted vulnerabilities in current supply chains.
HMEL to invest Rs 2,600 cr in speciality, fine chemicals sector in Punjab: LN Mittal
HPCL-Mittal Energy Limited (HMEL) announced a Rs 2,600 crore investment in Punjab's speciality and fine chemicals sector. Additionally, HMEL plans to launch 500 new retail fuel outlets nationwide, equipped with modern technology. This expansion follows HMEL's significant Rs 60,000 crore investment in its Bathinda refinery, Punjab's sole oil refinery.
GSMA confers “Lifetime Achievement” award on Sunil Bharti Mittal
Global Systems for Mobile Communications Association (GSMA), which counts over 1000 mobile operators and businesses across the global telecom ecosystem as its members, conferred the award to the Bharti honcho at the Mobile World Congress in Barcelona.
Biocon receives USFDA approval for Liraglutide injection gSaxenda for weight management
Biocon Ltd received USFDA approval for Liraglutide Injection gSaxenda, marking a milestone in chronic weight management. Siddharth Mittal highlights US market growth and global patient access.