The operator was acquired four years earlier by Essar, when the latter had more telecom ventures, such as the 33 per cent stake in Vodafone Essar, and also owned telecom towers.
Welspun now wants to shift focus back on the core business of steel and pipes rather than the big-ticket infrastructure sector.
The company plans to leverage its presence in rural areas; looking at off-grid solar products as well
Five to eight per cent of projects from the loan portfolio of L&T Infrastructure Finance face a payment problem, says its chief executive officer, Suneet K Maheshwari.
SAIL chairman C S Verma talks about the company's slated disinvestment and future strategies.
The steel sector, which has spent a lot of money to tap the automobile segment, is nervous on its investments.
An ET NOW advertisement thanked viewers for making it the Number 1; its version had 55 per cent market share, while CNBC had 42 per cent.
The port project work is to be undertaken by the group's African subsidiary, Essar Africa Holdings, and is not a part of the group's Essar Ports.
Earlier, the company had to shut operations in the Mumbai circle, following a directive by the Supreme Court.
Vendors say Infotel Broadband close to signing tower leasing deals with Anil Ambani company
Company says confident of raising funds; to raise Rs 688 crore by February-end.
The details of the project are yet to be worked out by the two companies.
This flagship Starbucks outlet will have place for upto 150 people.
Forced to cut prices by 2-3% due to cheaper imports from Japan, Korea and China
With locals protesting against Hindalco's move to mine Mali Parbat, the contractor who was working on making the mine operational has left.
Apple Inc is likely to unveil the latest iteration of its blockbuster iPhone, the iPhone 5 today
While fuel costs have risen 20%, prices of finished output have fallen
India Gas Solutions the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh - GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas.
The European unit has a total steelmaking capacity of 18 million tonnes.
There are some companies in the sector that have seen a decline in revenues but their performance is not sufficient to cause such a decline in industrial production data.
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