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PMO orders probe into Essar-phone tapping controversy

A complaint into the alleged tapping of telephone conversations of some top industrialists and politicians by the Essar Group has been forwarded to the homeministry for “appropriate......

IBC tweak: 'Wilful defaulters' may now seek legal help

Essar group, Bhushan Steel and JSW group likely to be impacted by changes Illustration: Uttam Ghosh/Rediff.com Promoters of the 12 companies that have been referred to the insolvency court will not......

Keen to reduce debt, banks get tough with large borrowers

The Essar group, Jindal Steel and Power, Monnet Ispat, Bhushan Steel and the Avantha group have been asked to close deals by March-end. Alarmed by the losses of Rs 15,000 crore (Rs 150 billion)......

India Inc asset sales peak in 2016, Essar tops list

The sale of Essar Oil was India’s biggest deleveraging exercise undertaken by any debt-heavy group The sale of Essar Oil and related infrastructure to Rosneft and other partners has created......

Russia's Rosneft-led group acquires Essar Oil for nearly Rs 88,000 crore

Russia’s state-controlled oil giant Rosneft and its partners on Saturday took over India’s second biggest private oil firm Essar Oil in an all-cash deal valued at about $13 billion (Rs......

The story of Ajit Isaac's entrepreneurial success

Ajit Isaac started as a management trainee at Godrej and then worked with the Essar group briefly before he caught the entrepreneurial bug. Ajit Isaac knows how to standout in India’s......
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Bankruptcy code brings good news for SBI

So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel’s acquisition of Bhushan Steel. Another Rs 1,500... ...

http://www.rediff.com/money/report/bankruptcy-code-brings-good-news-for-sbi/20180611.htm
ICICI Bank, Chanda Kochhar face US regulatory probe

As multi-agency probe continues in India into alleged lapses involving ICICI Bank's chief Chanda Kochhar and her family members, the matter has... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-bank-chanda-kochhar-face-us-regulatory-probe-indian-agencies-may-seek-foreign-help/articleshow/64527471.cms
ICICI whistleblower points to a new money trail leading all the way to Mauritius

MUMBAI|NEW DELHI: Last week, Arvind Gupta, the shareholder activist who raised the red flag on questionable deals between Videocon Group and... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-bank-loan-row-anatomy-of-a-quid-pro-quo-deal/articleshow/64442643.cms
Whistleblower Levels New Allegations

Whistle-blower has claimed ICICI Bank had favoured Essar group for 'round-tripping' investments into NuPower Renewables. The IT department in the... ...

https://www.ndtv.com/business/icici-videocon-case-whistleblower-levels-new-allegations-in-letter-to-pm-modi-1861514
The CEO behind the Voda-Idea merger

To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale... ...

http://www.rediff.com/money/special/the-ceo-behind-the-voda-idea-merger/20180528.htm

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