Ruias

Uttaresh Venkateshwaran is in conversation with Moneycontrol Corporate Bureau Chief Prince Thomas to discuss Ruias seemingly losing out on Essar Steel.

Opinion | Essar Steel: Bankruptcy delayed is resolution denied

Many cases are embroiled in endless litigation and there isn’t enough institutional infrastructure to deal with this deluge. It's up to the government to boost institutional capacity and support the courts

Lenders to Essar Steel will only accept Ruias' offer only if court orders

For now, lenders have rejected Ruias' offer and approved the bid by ArcelorMittal Rs 42,000 crore - with an additional Rs 8,000 crore equity infusion into Essar Steel

Ruias re-entry for Essar Steel seen as last resort to gain control, delay process

Essar Steel’s promoters Ruias offered to pay Rs 54,389 crore to the company's creditors. Lawyers see this as an attempt to delay an almost-done deal.

Essar sells BPO company Aegis for $275-300 mn

Essar had in July 2014 sold Aegis USA Inc, an outsourcing and technology company with operations in the US, the Philippines and Costa Rica, to Teleperformance of Paris for USD 610 million.

IMG to review Essar's iron ore slurry pipeline in Vizag

An Inter Ministerial Group (IMG) will review the security of Ruias-promoted Essar Steel's iron ore slurry pipeline, which supplies treated ore from its plant in Bailadila to pellet plant in Visakhapatnam in May

2011: 2G, illegal mining dictated corp legal battle in SC

The corporate world in 2011 found itself on tenterhooks as various scams in the telecom and the mining sector came under the prying eyes of the Supreme Court.

Essar mulls listing infra biz in London

Diversified Essar Group is planning to list its infrastructure business in London next year, a move that could raise about Rs 3,700 crore for the Ruias-led conglomerate.

Ruias off the hook? No breach of clause 8 of UASL, says CBI

In regards to the ownership of Loop Telecom, the CBI was initially confident of coming up with a charge sheet against the Ruias. However, CNBC-TV18’s Siddharth Zarabari reports a portion of the CBI believes that this is a case of corporate greed and not corporate fraud.

Robust refining margins help Essar Oil post Q1 profits

In-line with market expectations, the Ruia’s-owned Essar Oil has posted a net profit of Rs 469 crore y-o-y, mainly due to robust refining margins

Vodafone pays over USD 400m more to buy Essar's 33% stake

Revising the deal, UK-based Vodafone today agreed to pay over USD 400 million more to its Indian partner Essar for buying its 33% stake in the joint venture Vodafone-Essar.