Latest News on Essar
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Essar - Total results - 309
Feb 20, 2018
ArcelorMittal, Numetal bids for Essar Steel recommended for rejectionBids by ArcelorMittal and a consortium led by Russia's VTB Group for acquiring debt-laden Essar Steel are said to have been recommended for rejection by the adviser evaluating the offers, sources privy to the development said
Feb 13, 2018
Essar Steel Insolvency: ArcelorMittal, Numetal Mauritius only bidders for bankrupt firmEssar Steel was among the initial 12 companies identified by the Reserve Bank of India (RBI) for insolvency proceedings.
Jan 02, 2018
Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challengesIntention of bringing in new insolvency law was essentially to clean up the banking mess and thereby providing a boost to the economy
Dec 22, 2017
2G spectrum verdict: Govt may have to pay up 'hefty bill' if telcos go for arbitration, say reportsMedia reports say Loop Telecom is likely to restart the arbitration proceedings and the case seeking damages with TDSAT
Dec 21, 2017
2G spectrum scam judgment: Here's a chronology of events in one of the biggest telecom scams in IndiaChronology of events in the 2G spectrum allocation scam case in which a special court on Thursday acquitted former telecom minister A Raja and all others
Dec 19, 2017
Gujarat HC issues notice to Abhishek Manu Singhvi in Rs 5,000-crore defamation suit filed over Rafale dealGujarat HC on Monday issued a notice to Abhishek Manu Singhvi in a Rs 5,000 crore defamation suit filed by Anil Ambani-led Reliance Naval and Engineering Limited.
Dec 01, 2017
Anil Ambani group to file defamation suit against Abhishek Singhvi for saying Reliance, Adani, Essar owe Rs 3 lakh cr to banksReliance Group spokesman said it will be filing a Rs 5,000-crore defamation suit for damages against Abhishek Singhvi for making false statements
Nov 29, 2017
Number of petrol pumps in India at 60,799, up 45% in 6 years; only 9% owned by privateWith 60,799 outlets dispensing petrol and diesel at the end of October, India is behind only US and China in number of petrol pumps, data available from Petroleum Planning & Analysis Cell of the Oil Ministry.
Nov 27, 2017
Essar group closes Rs 2000-cr Aegis sale; retires Rs 75,000 cr debtEssar group has been selling off assets to pare its high debt, which has seen it exiting the oil business and also sell realty holdings, apart from Aegis, the BPO arm
Nov 24, 2017
New bankruptcy code provisions to deepen losses for banks, says Kotak Securities report"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said