Fall in Canada is splendid. Around September to early October, for a couple of weeks every year, the changing leaf colours attract thousands of visitors. Two years ago, Dow India chairman Vipul Shah and his wife decided to take a trip to see the sight. There is this one train that goes to this place in Ontario, where the colours are at their best. It leaves early in the morning and returns from the small town of Sault Ste Marie.
The Shah couple was staying at a hotel across from the station to catch the early train. "We went down for dinner in the restaurant at the hotel. Both of us follow a totally vegetarian diet. So we asked the waiter what they could offer us," says Shah. "Give me a minute," said the waiter.
In a couple of minutes, the French-Canadian chef came out and listed the options: Vegetable curry, naan and basmati rice, with papad and mango pickle! The Shahs were stunned. Just as they were recovering, he dealt the coup de grace. "Or would you prefer a Jain meal?" he asked.
The chef revealed the secret a few minutes later. Sault Ste Marie, in Algoma district, had only one large employer: Algoma Steel. When the company went bankrupt, the town was in real crisis. That was when Essar Steel rode in from the East....
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11:55 PM, May 06, 2013
New Delhi: A Delhi court on Monday fixed July 8 for further proceedings in the additional 2G spectrum allocation case in which Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and others have been summoned as accused. Special CBI Judge OP Saini deferred the matter as the Supreme Court on April 26 had issued notice to CBI on Mittal's plea challenging the summons issued against him and had...
01:24 PM, Apr 29, 2013
Ahmedabad: The Gujarat High Court on Friday sought replies from the state government, Centre, Gujarat International Finance Tec (GIFT) City Company and private companies on five PILs challenging various land allotments. The division bench of Chief Justice Bhaskar Bhattacharya and Justice JB Pardiwala has fixed the next hearing in June 2013. All the petitions, heard separately, challenge the land allotment to private companies, claiming arbitrariness resulting in loss to exchequer....
12:58 AM, Apr 27, 2013
New Delhi: After recusal of two judges, a new bench has been constituted in the Supreme Court to hear the petitions of Bharti Cellular Ltd CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia in a case of alleged irregularities related to allocation of additional 2G spectrum in 2002. Justice SS Nijjar would be the new judge sitting with Chief Justice Altamas Kabir to hear the matter on Thursday....
08:48 PM, Apr 23, 2013
New Delhi: A Delhi court on Monday fixed April 29 for hearing the matter in additional 2G spectrum allocation case in which Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and others have been summoned as accused. Mittal, Ruia and former Telecom Secretary Shyamal Ghosh appeared before Special CBI Judge OP Saini and the court adjourned the matter in pursuance of the order passed by the Supreme Court...
11:30 AM, Apr 22, 2013
New Delhi: Bharti Cellular Ltd CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia will appear in the Supreme Court on Thursday to challenge a special 2G court summons issued to them. It has been alleged that Airtel was allotted extra spectrum during the NDA regime by the then telecom minister Pramod Mahajan. Mittal and the CBI's lawyers will argue on Thursday on whether the summons should stand. A...
10:27 AM, Apr 18, 2013
New Delhi: Bharti Cellular CMD Sunil Mittal and Essar Group promoter Ravi Ruia on Tuesday appeared in a Delhi court in connection with the additional 2G spectrum allocation case and furnished personal bonds in pursuance of the Supreme Court's direction. Both the accused placed on record the apex court's order and submitted separate personal bonds. Special CBI Judge OP Saini accepted their bonds till the next date of hearing and...
11:30 AM, Apr 16, 2013
New Delhi: Bharti CMD Sunil Mittal and Essar group promoter Ravi Ruia, who have been summoned as accused in the additional 2G spectrum allocation case, on Thursday appeared in a Delhi court which posted the matter for further proceedings on April 16. Mittal's counsel placed before special CBI judge OP Saini the order passed by the Supreme Court postponing till April 16 the proceedings in the case. Besides Mittal and...
12:33 PM, Apr 11, 2013
New Delhi: The Supreme Court on Wednesday postponed the proceedings in the Special CBI court against Essar Group promoter Ravi Ruia till April 16, who has been summoned as an accused in a corruption case related to allocation of additional 2G spectrum in 2002. A bench headed by Chief Justice Altamas Kabir issued notice to CBI seeking its response on the petition filed by Ruia challenging the Special CBI Court's...
08:30 AM, Apr 11, 2013
New Delhi: A day after Sunil Bharti Mittal, CMD of Bharti Cellular Ltd, got a temporary relief in a graft case related to allocation of additional 2G spectrum in 2002, Essar Group promoter Ravi Ruia also moved the Supreme Court challenging the Special CBI Court's order summoning him as an accused in the case. Ruia, whose name was not mentioned as an accused in CBI's FIR and chargesheet filed before...
08:45 PM, Apr 09, 2013
Government's plans to set up a fund to back local insurers providing cover for refiners processing Iranian oil after companies warned they would be forced to halt imports from the sanctions-hit nation, the federal oil secretary said on Sunday. ...
05:47 PM, Mar 24, 2013
Bharti Airtel Ltd on Tuesday said it views Central Bureau of Investigation's (CBI) chargesheet against it over 2G spectrum allocation scam as "an attempt to tarnish its high reputation" and that it will fight the chargesheet against the company and its chairman Sunil Bharti Mittal. A court on Tuesday summoned former Telecom Secretary Shyamal Ghosh, Ravi Ruia, one of the founders of diversified conglomerate Essar Group and ex-head of Vodafone...
06:52 PM, Mar 19, 2013
Odisha government has asked 36 steel companies, including Posco-India and ArcelorMittal, which had signed MoUs to immediately submit their physical and financial progress reports, according to official sources. ...
01:35 AM, Mar 12, 2013
New Delhi: Iron ore miner NMDC has suffered Rs 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, government auditor CAG said. "...due to non-revision of domestic prices by the company (NMDC) in line with movement of market price, the company has suffered a revenue loss of Rs 754.94 crore during 2007-10," CAG said in a...
01:05 PM, Dec 20, 2012
New Delhi: In more developments in the coal block allocations controversy, souurces have told IBN Network that Nav Bharat Power, one of the companies that got coal blocks could be a front company for Essar Power. The CBI on Tuesday filed five FIRs against 5 private companies. In 2010, Nav Bharat sold its Rampia coal block to Essar Power after allegedly undervaluing it to help Essar. Nava Bharat allegedly then...
08:59 AM, Sep 05, 2012
New Delhi: Finance Minister P Chidambaram on Monday said there will be no "rash" action in Vodafone tax case and the matter will be decided after considering all aspects including recommendations the Shome Committee on indirect transfer of assets. "They (I-T assessing officers) and are not going to act rashly. These are not small amounts on which you can take a rash decision," he told reporters. He was asked whether...
04:31 PM, Sep 03, 2012
New Delhi: Government auditor CAG on Friday said private firms are likely to gain Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding, which amounted to the loss to national exchequer. The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks...
02:23 PM, Aug 17, 2012
Ahmedabad: The Gujarat government on Monday froze three bank accounts of Essar Oil Ltd (EOL) in Jamnagar following Gujarat High Court directives to expedite recovery of over Rs 8,000 crore in sales tax dues. "Three bank accounts of EOL have been frozen in Jamnagar district as part of the due recovery process," a top finance department functionary said. The division bench of Justice PB Majmudar and Justice Mohinder Pal last...
09:41 PM, Jul 09, 2012
New Delhi: Essar promoters Ravi and Anshuman Ruia, and Loop Telecom's Kiran Khaitan and IP Khaitan have been charged with conspiracy while Essar's Director for Strategy and Planning Vikash Saraf has been charged with cheating and conspiracy in the 2G spectrum allocation scam. The Special Central Bureau of Investigation (CBI) court also granted them bail on a surety bond of Rs 5 lakh each while charging them. Advancing arguments on...
04:22 PM, May 25, 2012
New Delhi: A Delhi Court will pronounce its order on Friday on farming of charges against Essar group and Loop Telecom promoters for allegedly committing offences of cheating and criminal conspiracy for obtaining the 2G spectrum licences from government. "Put up for order on May 25. All the five accused person shall remain present in the court in person (on May 25)," Special CBI Judge OP Saini said after the...
11:53 AM, May 25, 2012
