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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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CBI's dismal track record at investigations

A special Central Bureau of Investigation court on December 22, 2017, acquitted all the accused -- including former telecom minister A Raja, Essar... ...

http://www.rediff.com/news/report/checklist-cbis-dismal-track-record-at-investigations/20180111.htm
CBI presses for bribery charge against Jindal, others

The CBI today told a special court that the charge of bribery is also framed against Congress leader and industrialist Naveen Jindal and others in... ...

http://www.deccanherald.com/content/652968/coalscam-cbi-presses-bribery-charge.html
Essar in talks with Brookfield to sell office bldgs in Mumbai

Essar group is in talks with global investment firm Brookfield to sell its 1.25 million sq ft Equinox Business Park at Bandra-Kurla Complex (BKC)... ...

http://www.business-standard.com/article/pti-stories/essar-in-talks-with-brookfield-to-sell-office-bldgs-in-mumbai-118010900683_1.html
Essar Ports to invest $500 million in Mozambique

Ports arm of the embattled Essar Group on Monday said it will invest $500 million over the next 30 months to expand capacities at its two existing... ...

http://www.deccanherald.com/content/652625/essar-ports-invest-500-million.html
India's Super Rich got richer in 2017

Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by... ...

http://www.rediff.com/business/report/indias-super-rich-got-richer-in-2017/20180108.htm

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