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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......

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......

Essar Oil completes largest delisting

Group becomes one of India’s largest conglomerates to own assets privately The Essar group on Wednesday became one of the largest privately-owned Indian business entities, with annual......
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Sources

Essar Group’s lenders such as State Bank of India, ICICI Bank had given go-ahead three weeks back for the deal to take place, sources said ...

http://www.moneycontrol.com/news/business/essar-oil39s-mega-dealrosneft-to-conclude-by-this-month-sources_9309141.html
Stronger Euro Drags European Markets

Posted by Equitymaster The strength of the euro does appear to be acting as a bit of a headwind for European stocks as they look to close the week... ...

http://www.equitymaster.com/tm/tm.asp?date=7/21/2017&title=Stronger-Euro-Drags-European-Markets
The debt threat lurking behind India's zombie power plants

MUMBAI - In the central Indian village of Raikheda, the construction of a thermal coal power plant once promised jobs and economic progress. Years... ...

http://www.sify.com/finance/the-debt-threat-lurking-behind-indias-zombie-power-plants-news-debt-rhvgG8icgdehg.html
JSW to revise bid for Monnet, Essar steel not ruled out

JSW Group today said it is putting a revised offer for Monnet Ispat, which has been admitted at the National Company Law Tribunal and is facing... ...

http://www.dnaindia.com/business/report-jsw-to-revise-bid-for-monnet-essar-steel-not-ruled-out-2507638
Essar Ports to invest Rs 550 cr this year for Hazira expansion

Essar Ports will be investing Rs 550 crore by March 2018 to increase its cargo handling capacity at its Hazira Port by 20 million tonne per annum,... ...

http://www.business-standard.com/article/pti-stories/essar-ports-to-invest-rs-550-cr-this-year-for-hazira-expansion-117071801103_1.html

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