Lakshmi Mittal

Mittal is the Richest Indian Man. Last year, he was the 3rd richest man in the world just behind Bill Gates. Lakshmi has a Steel Producing business which is the largest in the world.Mittal is now offering a surprise 18.6-billion euros takeover bid for the rival company, Arcelor in Luxembourg (2nd largest Steel Producer).

The Shareholders seemed a little keen about it, just the mention of the takeover made the share prices of Arcelor go up. The Govt of luxembourg has opposed this claiming job cuts but we know it's way beyond that, aye? I suppose it is really hard for Europeans to feel/know that an Indian can take over. I hope this materialises by June 2006.