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Ravi Ruia News

24 Jul 2023

Indian Billionaire Buys London Mansion Worth Rs 1200 Crore And It's Not Ambani

One OF The Most Expensive Deals: The Hanover Lodge mansion overlooking Regent's Park at 150 Park Road was purchased this month by the family office of Ruia, through the sale of the residence's Gibraltar-incorporated holding company.

13 Feb 2018

ArcelorMittal, Russia's VTB Group bid for Essar Steel

Founded by Shashi and Ravi Ruia, Essar Steel was referred to the National Company Law Tribunal last year after accumulating nearly Rs 50,000 crore in debts.

Essar Directors Prashant Ruia

16 Mar 2016

Rosneft to buy 49% stake in Essar Oil

Russia's top oil producer Rosneft today said it has reached a preliminary agreement to buy 49 percent stake in Essar Oil and the deal is likely to be concluded by June

2G spectrum scam

05 Nov 2015

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.

15 Oct 2015

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.

29 Sep 2015

2G Scam: SC junks Essar's plea challenging special court's jurisdiction

The Supreme Court on Tuesday dismissed pleas of Essar Teleholdings Ltd and its promoters challenging the Special CBI court's jurisdiction to hold trial against them in the case arising out of the probe in 2G spectrum scam.

10 Jun 2015

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".

27 May 2015

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.

25 May 2015

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.

Additional spectrum case

12 Jan 2015

Additional spectrum case: Court to hear matter on January 28

The special 2G court on Monday fixed January 28 for hearing the additional spectrum allocation scam case of 2002 after it was informed that the Supreme Court has quashed the order summoning Bharti Cellular Ltd CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia as accused.

12 Jan 2015

2G case: Special court to hear additional spectrum case Monday

A special 2G court in Delhi will hear the additional spectrum case which was stalled during the rule of the previous NDA government. However, the hearing will be sans Bharti Airtel CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia.

09 Jan 2015

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".

Additional spectrum case

09 Jan 2015

SC quashes summons against Mittal, Ruia in additional spectrum case

In a major relief to Bharti Cellular Ltd CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia, the Supreme Court on Friday set aside the lower court order summoning them as accused in a corruption case related to allocation of additional spectrum during NDA rule in 2002.

09 Jan 2015

Additional spectrum case: Relief to Sunil Mittal, Ravi Ruia

The apex court had on December 4 last year, reserved the verdict after hearing counsel for corporate honchos and the CBI.

09 Jan 2015

SC sets aside lower court order summoning as accused Mittal, Ruia

Bharti and Ruia have been accused in a corruption case related to allocation of additional spectrum during NDA rule in 2002.

09 Jan 2015

SC likely to pronounce verdict on pleas of Mittal, Ruia in spectrum case today

A three-judge bench comprising Chief Justice H L Dattu and justices Madan B Lokur and A K Sikri had reserved the verdict on December 4, last year after hearing counsel for corporate honchos and the CBI.

10 Dec 2014

Essar Oil to sign 10-year deal with Rosneft to import crude from Russia

Essar Oil will on Thursday sign a 10-year deal to import crude oil from Russia as President Vladimir Putin pushes to deepen energy ties with India to counter to US sanctions.

Special 2G court

10 Dec 2014

Additional spectrum: Hearing against Mittal, Ruia on Jan 12

The special 2G court on Wednesday fixed January 12 for hearing a corruption case related to allocation of additional spectrum during NDA rule in 2002.

04 Dec 2014

SC reserves verdict on pleas of Mittal, Ruia in spectrum case

The Supreme Court on Thursday reserved its verdict on pleas of Bharti Cellular Ltd CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia against a trial court order summoning them as accused in a corruption case related to allocation of additional spectrum during NDA rule in 2002.

03 Dec 2014

Essar Oil shares spurt 20% on bourses

Shares of Essar Oil surged 20 percent Wednesday, adding Rs 2,783 crore to its market valuation, in an otherwise flat stock market.

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