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Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project
Adani Energy Solutions Ltd (AESL) has acquired 100 per cent stake in Essar Transco Limited for an Enterprise Value of INR 1,900 crore after obtaining necessary clearances. This share acquisition follows agreements signed in June 2022.
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Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
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Jet Airways Founder Naresh Goyal Among Potential Pegasus Targets: Report
The potential targets of Pegasus included former chairman of Jet Airways Naresh Goyal, SpiceJet managing director Ajay Singh, Essar Group's Prashant Ruia and some top PSU officials, according to the latest list of names released by The Wire.
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ArcelorMittal To Form Joint Venture With Nippon Steel To Buy Essar Steel
In February, ArcelorMittal and a group led by Russia's VTB made separate bids for Essar Steel, which faces claims of nearly $8 billion from banks and other creditors and suppliers.
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Essar Group Hails Court Verdict Acquitting Its Promoters In 2G Spectrum Allocation Case
The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.
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'Had Bad Experience': Supreme Court Rejects Industrialist Ravi Ruia's Foreign Travel
Dismissing Essar Group promoter Ravi Ruia's request to travel abroad, the Supreme Court today cited "a bad experience" and said a person who had promised to return never did.
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'Essar Tapes': Home Ministry Probes Phone Tapping Complaint
The Prime Minister's Office has asked the Home Ministry to file a report on the alleged phone tapping scandal which targeted top government officials and industrialists between 2001 and 2006.
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Essar Group's Ruias to Face Trial in 2G Case, Says Supreme Court
The Supreme Court has dismissed the petition of the Ruias of the Essar group and said they will have to face trial in the 2G case.
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Supreme Court Stays Defamation Case Against Activist Priya Pillai
The Supreme Court today stayed the trial court proceedings in a defamation case filed by the Essar Group against Greenpeace activist Priya Pillai and two others at Singrauli in Madhya Pradesh.
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Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
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New Controversy For Essar as Emails Indicate it Had Access to Draft Budget Papers
A fresh controversy has mushroomed for the Essar group as emails have surfaced indicating its employees were privy to draft budget proposals for 2012-13 - documents, which were meant to be kept secret.
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Coalgate: Essar Group was in Touch With Former Finance Minister Over Coal Block Allocations, NGO Alleges in Court
The Essar Group was allegedly in touch with the then Finance Minister over the issue of Group of Ministers (GoM) constituted by the erstwhile UPA government for clearances on coal allocation issues, a non-governmental organisation has said in a public interest litigation (PIL) in the Supreme Court.
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Essar Group Mulls Buying Nokia's Shuttered Chennai Plant
"We are still evaluating. We do not have commitment though," Essar Group Chairman Shashikant Ruia said.
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Supreme Court Issues Notices to Centre, Essar on Petition Alleging Company Bribed Politicians
The Supreme Court on Monday asked the Essar Group, the Centre and the Central Bureau of Investigation to respond to a petition that alleges Essar has been trying to influence and bribe politicians, public servants and the media with high-end gifts to serve its business interests. The court has asked all three to respond in six weeks.
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'Couldn't Have Gone Swimming to the Yacht': Nitin Gadkari on Why He took an Essar Chopper
Union Minister Nitin Gadkari today denied any wrongdoing after a report in the Indian Express newspaper cited a series of emails revealing alleged favours granted by the Essar Group to politicians, bureaucrats and journalists in exchange for information.
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Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project
Adani Energy Solutions Ltd (AESL) has acquired 100 per cent stake in Essar Transco Limited for an Enterprise Value of INR 1,900 crore after obtaining necessary clearances. This share acquisition follows agreements signed in June 2022.
-
Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
-
Jet Airways Founder Naresh Goyal Among Potential Pegasus Targets: Report
The potential targets of Pegasus included former chairman of Jet Airways Naresh Goyal, SpiceJet managing director Ajay Singh, Essar Group's Prashant Ruia and some top PSU officials, according to the latest list of names released by The Wire.
-
ArcelorMittal To Form Joint Venture With Nippon Steel To Buy Essar Steel
In February, ArcelorMittal and a group led by Russia's VTB made separate bids for Essar Steel, which faces claims of nearly $8 billion from banks and other creditors and suppliers.
-
Essar Group Hails Court Verdict Acquitting Its Promoters In 2G Spectrum Allocation Case
The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.
-
'Had Bad Experience': Supreme Court Rejects Industrialist Ravi Ruia's Foreign Travel
Dismissing Essar Group promoter Ravi Ruia's request to travel abroad, the Supreme Court today cited "a bad experience" and said a person who had promised to return never did.
-
'Essar Tapes': Home Ministry Probes Phone Tapping Complaint
The Prime Minister's Office has asked the Home Ministry to file a report on the alleged phone tapping scandal which targeted top government officials and industrialists between 2001 and 2006.
-
Essar Group's Ruias to Face Trial in 2G Case, Says Supreme Court
The Supreme Court has dismissed the petition of the Ruias of the Essar group and said they will have to face trial in the 2G case.
-
Supreme Court Stays Defamation Case Against Activist Priya Pillai
The Supreme Court today stayed the trial court proceedings in a defamation case filed by the Essar Group against Greenpeace activist Priya Pillai and two others at Singrauli in Madhya Pradesh.
-
Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
-
New Controversy For Essar as Emails Indicate it Had Access to Draft Budget Papers
A fresh controversy has mushroomed for the Essar group as emails have surfaced indicating its employees were privy to draft budget proposals for 2012-13 - documents, which were meant to be kept secret.
-
Coalgate: Essar Group was in Touch With Former Finance Minister Over Coal Block Allocations, NGO Alleges in Court
The Essar Group was allegedly in touch with the then Finance Minister over the issue of Group of Ministers (GoM) constituted by the erstwhile UPA government for clearances on coal allocation issues, a non-governmental organisation has said in a public interest litigation (PIL) in the Supreme Court.
-
Essar Group Mulls Buying Nokia's Shuttered Chennai Plant
"We are still evaluating. We do not have commitment though," Essar Group Chairman Shashikant Ruia said.
-
Supreme Court Issues Notices to Centre, Essar on Petition Alleging Company Bribed Politicians
The Supreme Court on Monday asked the Essar Group, the Centre and the Central Bureau of Investigation to respond to a petition that alleges Essar has been trying to influence and bribe politicians, public servants and the media with high-end gifts to serve its business interests. The court has asked all three to respond in six weeks.
-
'Couldn't Have Gone Swimming to the Yacht': Nitin Gadkari on Why He took an Essar Chopper
Union Minister Nitin Gadkari today denied any wrongdoing after a report in the Indian Express newspaper cited a series of emails revealing alleged favours granted by the Essar Group to politicians, bureaucrats and journalists in exchange for information.
