Asia Society awards Mittal with 'Leadership Award'
New York: The Asia Society in New York has honoured Steel tycoon Lakshmi N Mittal by awarding him with its 'Leadership Award' for business acumen, entrepreneurship and tenacity, witnessed during his takeover bid of Arcelor.

Managing director of Goldman Sachs Henry Cornell, who presented the award to Mittal, said, "Indians can be rightly proud of the epic, blockbuster and historic deal that he (Mittal) managed despite odds. It was the result of Mittal's vision, capability and tenacity that the Arelor deal went through."

The Asia Society also honoured chairman and CEO of Citigroup Charles O. Prince with the Leadership Award for his contribution to the financial sector.
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Lakshmi Mittal is richest person in UK
London: Leading UK newspaper's The Sunday Times Rich List reveals that seven of the ten wealthiest billionaires living in Britain are from overseas. Also the city has as many as 40 billionaires.

Topping the list is NRI steel tycoon Lakshmi Mittal whose wealth has gone up to 14.8 billion pounds. Roman Abramovich, the Russian oil tycoon and Chelsea football club owner, comes second with a fortune worth 11 billion pounds -- an increase of 3 billion over last year.

The combined wealth of the top ten on the list is 52.55 billion pounds -- 10 billion pounds more than the top 200 a decade ago.

It is also the highest wealth total yet recorded and represents a 23.3 per cent rise on last year.

The others in top ten are Duke of Westminster (5.6b pounds), Hans Rausing (4.95 b pounds) Philip and Christina Green (4.85 b pounds), Oleg Deripaska (4.37 b pounds), Sir Richard Branson (3 b pounds), Kirsten and Jorn Rausing (2.75 b pounds), David and Simon Reuben (2.5 b pounds) and Spiro Latsis family (2.4 b pounds).

New entries this year include inventor James Dyson, newspaper proprietor Richard Desmond, and Iraqi-Born tycoon Nadhmi Auchi.

The wealthiest woman on the list is Christina Green, who shares a 4.85 billion pounds fortune with her husband, retail giant Philip Green.
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New MD for SBI Factor
Mumbai: D.S. Das, a chief general manager of State Bank of India has been appointed as the new managing director and CEO of SBI Factor and Commercial Services Pvt. Ltd, a SBI Group company.

Das was the head of SBI's corporate accounts group at Delhi.
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Lok Sabha's criminal hall of fame
New Delhi: Around 10 ministers in Prime Minister Manmohan Singh's ministry and 93 Lok Sabha MPs face criminal charges ranging from murder to rape besides extortion and even attempt to commit suicide.

Jharkhand Mukti Morcha (JMM) leader Shibu Soren has been sentenced to life imprisonment for murder. Soren remains a Lok Sabha member.

Cricketer turned politician Navjot Singh Sidhu has received a suspended sentence of three years for causing the death of a man in a road rage. Sidhu however has resigned from the house.

Among central ministers, Mohammed Ali Ashraf, a minister of state in the human resources development ministry, faces serious charges ranging from extortion and links with the underworld and kidnapping gangs.

Textiles minister, Shankersinh Vaghela, faces two corruption cases. The other ministers who have cases against them in the courts include railway minister Lalu Prasad, minister of state for agriculture Taslimuddin, minister of state for women and child development, Renuka Choudhry, for obstructing a public servant, minister of state in food and public distribution, Suryakanta Patil, minister of state for urban development, Ajay Maken, minister of state for water resources, Jai Prakash Yadav, cheating and criminal conspiracy, agriculture minister, Sharad Pawar, under the religious institution act and minister for company affairs, Prem Chand Gupta for foreign exchange violations.
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