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2 mins read
Essar raises $2.05 bn from sale of ports, power assets; clears $25 bn debt of Indian banks
Essar Ports & Terminals (EPTL) and Essar Power (EPL) concluded the $2.05 billion (₹16,500 c…
2 mins read
Essar Group targets key role in building market for hydrogen
North-west England's Stanlow oil refinery has stood near the banks of the river Mersey for almost 1…
3 mins read
Agra, Bengaluru, Chennai and 7 other cities breached the safe pollution limits
Data from 10 cities across India has shown that monthly PM2.5 and PM10 levels during the summer mon…
3 mins read
India’s finance minister touts the success of the country’s recently-implemented bankruptcy code — but it still requires significant improvement
In a post titled, “Two years of insolvency and Bankruptcy Code (IBC),” Jaitley said that as much…
2 mins read
After buying out the bankrupt Electrosteel, Vedanta is spending billions on a new steel plant in the Indian state of Jharkhand
The move is part of Vedanta’s integration of its newly-acquired steel company. Electrosteel …
2 mins read
India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel
The decision caps an eight-month long saga which saw the company vy for the prized assets of …
3 mins read
Essar signals resuming investment-led growth plan
"Committed gas supply contracts for the Essar Steel Complex were withdrawn in 2012 and allotted co…
PTI
1 min read
Essar has sold Aegis to a Singaporean private investment firm
Essar exits BPO business, sells Aegis to Capital Square Partners
2 mins read
India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft
The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…
1 min read
Pankaj Kalra appointed CFO, Head of Strategy of Essar Exploration & Production
New Delhi, Jan 21 () Ruia-family controlled Essar Global Fund Ltd (EGFL) on Tuesday announced the a…
PTI
3 mins read
Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas
New Delhi, Nov 17 () Essar Steel, Adani Group and state-owned GAIL have bought majority of natural …
PTI
2 mins read
BC Tripathi joins Essar Exploration & Production Mauritius as non-executive chairman
New Delhi, Jan 14 () Bhuwan Chandra Tripathi, former chairman and managing director of state-owned …
PTI
3 mins read
Essar to further cut down debt by 70 pc in last leg of deleveraging exercise
Essar said it has made capital investments of over Rs 2 lakh crore (about USD 28 billion) in secto…
PTI
3 mins read
B C Tripathi joins Essar Exploration & Production Mauritius as non-executive chairman
"No functional director of the company including the chief executive who has retired/resigned from…
PTI
2 mins read
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
1 min read
AMNS India parent signs USD 5 bn term loan to refinance Essar Steel acquisition
"AMNS Luxembourg Holding S A (AMNS), the parent company of the AMNS India joint venture between Nip…
PTI
2 mins read
Essar Foundation to provide 1.25 million meals, 1 lakh medical supplies for COVID-19 relief
Stating that the Group plans to do a lot more for the community to play its part in being good cor…
PTI
2 mins read
Watch out Snapdeal and Flipkart! These shops promise to home-deliver mobile phones in 4 hrs
These brick and moratr stores will begin offering guaranteed delivery within four hours of placing …
3 mins read
Know how the Income Tax authorities are creating an obstacle in its bid to sell its Tamil Nadu plant
Nokia's efforts to sell its Chennai plant face another
setback as tax authorities have insisted the…
1 min read
This Indian company could soon be taking over Nokia's Tamil Nadu plant
There is some light at the end of the tunnel for Nokia's mobile phone manufacturing unit in Sriperu…