SC notice to centre, Essar on babu-corporates nexus

The Supreme Court on Monday issued notice to the centre, the CBI and Essar on a PIL seeking a probe into the high-level political-bureaucrat-corporate nexus exposed in e-mail leaks wherein a corporate house allegedly granted favour to ministers and bureaucrats for promoting its business.

Corporate espionage: Court to hear arguments on bail on March 18

The arguments on the bail pleas of three corporate executives, arrested for their alleged roles in the Petroleum Ministry documents leak case, was on Monday deferred for two days by a Delhi court in view of the lawyers' strike.

Petrogate: Delhi police to interrogate executives of top firms

Delhi police to interrogate executives of India's top firms including RIL, Essar, ADAG, CAIRN India in Petrogate in which seven persons have already been arrested for stealing crucial Central government data

Two held for Essar`s cash transfer to Maoists

Human rights bodies have termed the arrest of one of the two arrested as illegal and said he was framed in the case.

Vodafone to introduce Zoozoos in global markets

After acquiring cult status in India, Zoozoos, the black-and-white creatures that made a spectacular debut in telecom operator Vodafone Essar`s ads, are all set to go global.

SAIL, Tata Steel, Essar hike prices

The Uttar Pradesh government on Saturday said it has no plans to import sugar directly from Brazil and Taiwan in the New Year as reported in a section of the media recently.

Govt opposes demerger of Vodafone Essar

The government on Tuesday opposed the demerger scheme of Vodafone Essar proposing transfer of tower business to another group company in the form of gift saying the move would result in evasion of tax payment.

American Tower may buy Essar unit for $400mn: Paper

American Tower Corp is expected to take a controlling stake in India`s Essar Telecom Infrastructure in a deal valued at USD 350-400 million, a newspaper reported on Thursday.

Essar to add 66 Hypermarts in India, eyes SAARC region

Essar Steel on Sunday said it will expand
its retail chain, Hypermart, to 150 within a year in India,
and also look for opportunities in the SAARC region for more

Essar buys Warid Telecom in Uganda, Congo

Ruias-owned Essar group on Sunday announced acquisition of majority stake in Dhabi Group`s Warid Telecom operation in Uganda and Congo, a move that would further strengthen Indian firms` presence in South Africa.

Essar Oil in talks till month-end to buy Shell`s refineries

Essar Oil on Tuesday said it has time
till month end to conclude talks for acquisition of Royal
Dutch Shell`s three refineries in Europe.

Essar launches USD 150 mn rival bid for Australian coal firm

Ruias-led Essar Group has
bid USD 150 million for taking over an Australian coal firm,
Rocklands Richfields Ltd, bettering an earlier offer from
Jindal Steel and Power Ltd.

Essar Group`s Rs 4,500 cr NCD issue oversubscribed

Essar Group on Tuesday said Rs 4,500-
crore non-convertible debentures issue was oversubscribed within a few hours of opening on Monday.

Govt may allow Cairn to sell Rajasthan crude to pvt refiners

The government may allow private refiners like Reliance Industries Ltd, Essar Oil to buy Cairn India`s Rajasthan crude, if the public sector firms do not buy the entire output from the field.

India`s Essar bids for Shell refineries in Europe: Report

Indian conglomerate Essar has made a
bid to buy one British and two German refineries from
Anglo-Dutch oil giant Royal Dutch Shell, the Financial Times
reported Tuesday without citing its source.

Essar eyes Britain’s 2nd-largest oil refinery

India`s Essar group is in the race to acquire Britain`s second-largest oil refinery, a media report said.