Prashant Ruia

Essar, Rosneft deal is US-sanctions compliant; will not exit oil & gas biz, says Ruia

Ruia said the parent company's debt would be cut by some $5 billion and a further $5 billion would go towards trimming debt at the operating company level

Essar Oil to sell 49% stake to Russia's Rosneft for $3.2 bn

The twin stake and oil supply deals were signed by Rosneft chairman Igor Sechin and Essar Group founder Shashi Ruia in Ufa, Russia yesterday evening on the margins of the BRICS summit.

Policy in shambles, scams hurt, govt faces trust deficit

This should serve as a wake-up call for the embattled government which is hurtling from one crisis to another. The sense of unease is hard to miss: A perceived policy paralysis and a string of corruption cases are at the root of the disenchantment.