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HC refuses to interfere in Essar phone tapping matter

HC refuses to interfere in Essar phone tapping matter

The Delhi High Court on Tuesday refused to direct a court-monitored probe by an SIT into the allegation that corporate major Essar tapped phones of high- profile people and some union ministers, saying the Centre has already asked the Delhi Police to investigate the matter.

Ruias plan to sell another 25% stake in Essar Oil

Ruias plan to sell another 25% stake in Essar Oil

After stitching a deal to sell 49 percent stake in Essar Oil to Russia's Rosneft, the Ruia family is looking at selling another 25 percent stake in the company to an oil trader or a strategic investor like Saudi Aramco.

PM Modi orders immediate probe into Essar phone tapping controversy

PM Modi orders immediate probe into Essar phone tapping controversy

In the latest in the Essar leaks, Prime Minister Narendra Modi has ordered an immediate probe in the alleged tapping of telephone conversations by the Essar Group.

 Essar sells housing project in Bengaluru for Rs 300 crore

Essar sells housing project in Bengaluru for Rs 300 crore

Essar Group today announced sale of its luxury housing project in Bengaluru for Rs 300 crore to SNN Builders as part of the company's strategy to monetise non-core assets

Essar sells business park in Mumbai for Rs 2,400 crore

In one of the largest office space deals, Essar Wednesday announced sale of its 1.25 million square feet Equinox Business Park at Bandra-Kurla Complex (BKC) in Mumbai to realty firm RMZ Corp for about Rs 2,400 crore.

Loop Telecom Ltd was 'front company' for Essar: CBI to court

Advancing the ongoing final arguments in the case, Special public prosecutor Anand Grover said that violation of clause 8 of UASL guidelines by the accused firms was a crucial factor.

Essar Steel's Vizag captive power plant restored

The plant is being operated at full capacity and has begun supplying power to the eight million tons per annum pellet plant, the company said in a statement.

Essar Power commissions 1st unit of 120 MW Paradip Power Plant

The 120 MW coal fired power plant will meet the power requirement of Essar Steel's 12 million tonnes per annum integrated palletisation facility in Odisha.

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.

PIL on political-corporate nexus: SC seeks Centre's response

The Supreme Court today sought response from the Centre and others on a plea seeking a court- monitored probe into the Essar email-leak case allegedly pointing to a "political-bureaucratic-corporate nexus".

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

Hindalco bags Kathautia coal mine

On the second day of coal auction, Hindalco Industries today walked away with a coal mine in Jharkhand.

SC order allays concerns of corporates: Essar

Essar Group Friday said the Supreme Court order setting aside a special court summoning its Vice Chairman Ravi Ruia will "assuage concerns of corporate leaders regarding misuse of judicial processes".

Essar Oil to convert over $1 billion rupee loan into dollar debt

Essar Oil Wednesday said it will convert over USD 1 billion worth of rupee loan into dollar debt by March to reduce its cost of borrowings and will acquire group firm, Vadinar Power Co, for Rs 2,100 crore.

Essar Steel raises $1 bn through export securitisation

According to the integrated steel producers, the latest move will help Essar Steel de-risk its balance sheet as its revenues are dollar linked and provides a natural hedge for dollar-denominated debt.

Manish Maheshwari is new CEO of Essar oil's E&P business

Essar Oil Ltd on Monday announced the appointment of Manish Maheshwari as Chief Executive Officer of its oil and gas Exploration and Production (E&P) business.

Adani, Amul 'platinum patrons' for Modi's Madison event

For Prime Minister Narendra Modi's rock-star like reception by over 18,000 Indian-Americans, Gujarat-based Adani and Amul groups are among the 'diamond patrons'.

Essar sells telecom business in Kenya for $120 million

Essar on Saturday said it has sold its telecom business in Kenya to Safaricom and Airtel for approximately USD 120 million.

Essar takeover plan to hit UK investors: Report

Indian conglomerate Essar's plans of a cheap buy-back of its British unit have been criticised here as a blow to the reputation of the London stock market.