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-Loop case: Court allows Ravi Ruia to travel abroad

The court allowed his plea observing that Ruia has earlier been permitted to travel abroad on numerous occasions and has complied with all the conditions imposed upon him.

2G case: CBI's change of stand led to summoning of Mittal, Ruia, says Court

The "change of stand" by CBI over documents filed with its charge sheet in 2002 surplus spectrum case had led to the summoning of Bharti Cellular Ltd CMD Sunil Bharti Mittal, Essar Group promoter Ravi Ruia and one other as "additional accused" in the case, a special court said Thursday.

Panel defers green nod to Essar firm's expansion project

Environment Ministry's panel EAC has deferred the decision to grant environment clearance (EC) to Essar group firm Vadinar Oil Terminal Ltd for expansion of a marine terminal in Gujarat and has sought more information from the company.

Essar-Loop case: 2G court to hear final arguments on Nov 17

A Special Court Monday fixed November 17 for hearing the ongoing final arguments in a case arising out of 2G scam probe in which promoters of Essar group and Loop Telecom Limited (LTL) are facing trial.

Essar Oil to shut Vadinar refinery for 30 days

Essar Oil Wednesday said it will from Friday shutdown its 20 million tons Vadinar Refinery in Gujarat for 30 days for carrying out maintenance work.

SC stays defamation case against activist Priya Pillai

The Supreme Court on Friday 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.

Essar personnel exercised control in Loop Telecom Ltd: CBI

CBI Wednesday told a special court that Essar group offficials were exercising control in Loop Telecom Ltd (LTL), a "front company", to bag 2G spectrum licences in violation of a provision under the Unified Access Services Licences (UASL) guidelines.

Essar created 'corporate veil' to conceal holding in Loop: CBI

Special public prosecutor Anand Grover said the money in entire transactions was transferred through various entities and most of it came from Essar Group companies, especially accused firm Essar Tele Holding Ltd (ETHL).

Transactions involving Loop Telecom funded by Essar: CBI

Continuing final arguments in the case arising out of the investigation in 2G spectrum allocation scam, Special Public Prosecutor Anand Grover said as per the documents on record, the money trail originated from various firms of Essar Group.

Documents filed by Ravi Ruia appear to be "suspect": Court

Essar Group promoter Ravi Ruia has faced the ire of the special 2G court which dismissed his plea seeking permission to travel abroad noting that the documents attached with his application appeared to be "suspect" and he was apparently "hiding appropriate facts".

Court pulls up Anshuman Ruia, denies permission to go abroad

Essar Group promoter Anshuman Ruia, facing trial along with others in a case arising out of the 2G scam probe, has been denied permission to travel abroad with a special court rapping him for "wasting" its time by submitting "obscure" documents.

Essar Steel back in black; posts profit of Rs 684 cr in FY15

Ruias-promoted Essar Steel Wednesday posted a net profit of Rs 684 crore for the full fiscal ended March 31, helped by better operating margins, consolidation and higher demand for its value added steel products.

Special court allows Ravi Ruia to travel abroad

Essar Group promoter Ravi Ruia, facing trial in a case arising out of the probe into the 2G spectrum scam, was Monday allowed to travel abroad by a special court, which also cautioned him to "desist" from filing frequent applications in this regard.

Essar pulls out of race to buy Nokia's Chennai mobile plant

Nokia's Chennai plant is under freeze over an estimated Rs 10,000 crore tax dispute with the Income Tax department.

Govt transfers forest clearance from earlier allotee to Essar

Essar Power need not apply for fresh forest clearances for captive coal mines in Jharkhand as the government has transferred to it the approvals granted to the earlier allotee.

Essar Group was in touch with ex-finance minister: NGO to SC

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, an NGO has said in a PIL before the Supreme Court.

Essar to develop 3 berths at Vizag port for Rs 1,200 cr

The project will be developed at a cost of Rs 1,200 crore over a period of three years.

Aegis opens development centre in Malaysia; expands workforce

Essar Group's BPO arm Aegis has opened a new development centre in Malaysia, as it enhances its focus on emerging markets in Asia-Pacific.

Essar restarts ops at Hudhud-hit Vizag plant

Essar Steel's captive power plant at its pellet facility in Visakhapatnam, which had taken a battering from cyclone Hudhud last October, is back on its feet.