ESSAR

  • India prepares to pay $400 million under interim deal to Iran: Sources 6 days ago

    New Delhi: Iran has sought payment of $400 million from India under an interim deal with six world powers that allows the OPEC nation to recover part of its overseas frozen oil revenues, industry sources said in Wednesday. Iran and the United States, China, France, Germany, Britain and Russia agreed in...
  • 2G scam: Recording of evidence ends, court to hear final arguments September 10, 2014

    New Delhi: A Delhi court on Wednesday concluded recording of defence evidence in 2G spectrum allocation case involving former Telecom Minister A Raja, DMK MP Kanimozhi and 15 others, three years after commencement of trial. The court fixed November 10 for hearing final arguments in the case in which the CBI...
  • Not committed any wrongdoing: Ravi Ruia tells 2G court May 19, 2014

    New Delhi: Essar Group promoter Ravi Ruia, facing trial in a case arising out of the investigation into the 2G spectrum allocation scam, on Monday told a Delhi court that he had not committed any wrongdoing and many facts were not properly probed by CBI. Deposing before Special CBI Judge OP...
  • 2G case: Court to commence recording of statements of accused May 4, 2014

    New Delhi: A special CBI court is likely to commence tomorrow the recording of statements of the accused, including former Telecom Minister A Raja, in the 2G spectrum allocation scam. Special CBI judge OP Saini, who had earlier supplied the draft questionnaire containing 1,718 questions running into 824 pages to...
  • Essar investors appeal to India, UK against takeover April 28, 2014

    London: Minority investors in Essar Energy have appealed to the Indian and British governments to intervene to head off a forced takeover by its majority owner at a price they say undervalues the company. Essar Energy is listed in London but remains 78 per centowned by Essar Group, an Indian conglomerate...
  • Moily planning to give oil field to Essar cheaply: AAP alleges April 16, 2014

    Firing a fresh salvo against the UPA government, Aam Aadmi Party on Wednesday alleged that Union Oil and Petroleum Minister Verappa Moily is planning to give an oil field off Bombay High to the Essar Group at dirt-cheap price. Party leader Prashant Bhushan said this move will result in the government...
  • Goods train derails after Naxals damage rail track in Dantewada March 29, 2014

    Three wagons of a goods train and its engine got derailed after Naxals allegedly ruptured a railway track in Dantewada district of Chhattisgarh, police said. The railway administration has undertaken the track restoration work. "Naxals damaged a rail track on Kirandul-Visakhapatnam route that falls under Bhansi police station limits, due to which...
  • Indian companies generated 81,000 jobs in US in 2013: survey March 28, 2014

    Washington: Indian companies through its massive $ 17-billion investment in the US have collectively generated employment opportunities for more than 81,000 people in the country, according to a survey. The annual CII survey of 68 Indian companies in 40 American states for 2013, made public on Thursday at an event...
  • Centre may ask all refineries to produce fixed level of LPG March 6, 2014

    New Delhi: Government is likely to order oil refineries, including private sector Reliance Industries and Essar Oil, to maintain a minimum level of LPG production to ensure uninterrupted supply of cooking gas to the public. While India is surplus in petroleum products, production of LPG in the country is lower than...
  • 2G scam: Court fixes April 4 to record statements of accused March 3, 2014

    New Delhi: A special CBI court on Monday fixed April 4 for recording the statements of accused, including former Telecom Minister A Raja, DMK MP Kanimozhi and some top corporates executives, in the 2G spectrum case. Special CBI Judge OP Saini, who was scheduled to record the statements of the accused,...
  • Two killed, one injured in accident at Essar power plant January 24, 2014

    Two workers were killed and another was injured in an accident at Essar power plant in Vadinar near Jamnagar, police said on Friday. "Two persons were killed and another injured when three iron plates fell on them while they were cleaning the boiler in Essar power plant in Salaya I,"...
  • Mumbai: Greenpeace activists scale Essar building in protest January 22, 2014

    Mumbai: In a unique protest, Greenpeace activists today scaled the Essar headquarters building and rolled down a poster that read 'We kill forest Essar' on the building facade. This was in protest against Essar's proposed mine in Mahan in Madhya Pradesh which has one of the oldest deciduous forests of...
  • 2G: Those not charged can be tried if there's evidence, says SC January 10, 2014

    New Delhi: Hearing a plea in the 2G scam, the Supreme Court has said that a person can be tried by a court even if he or she is not made an accused or if their name is not in a chargesheet. The court has said that, however, this can...
  • Supreme Court clears bail for Soni Sori, nephew November 12, 2013

    Supreme Court, on Tuesday, granted bail to Soni Sori, a tribal teacher, and journalist Lingaram Kodopi in a case lodged against them for allegedly receiving money from Essar Group on behalf of Maoists. A bench of Justices SS Nijjar and FM Ibrahim Kalifulla granted relief to the duo but imposed a...
  • Raghuram Rajan takes over as RBI governor September 4, 2013

    Raghuram Rajan takes over as governor of the Reserve Bank of India in a difficult time. But the 50-year-old former IMF chief economist has already had a taste of working with the government: He was Chief Economic Advisor in the finance ministry under P Chidambaram. His move to the RBI...
  • 2G case: Delhi court dismisses pleas of Essar, another accused seeking joint trial September 2, 2013

    New Delhi: A Delhi court on Monday dismissed separate pleas of Essar Teleholdings Ltd (ETHL) and another accused in 2G spectrum scam case seeking a joint trial in the case. "Both applications are dismissed," Special CBI Judge O P Saini said, adding the "trial will continue as it is". The court had...
  • 2G scam: CBI opposes joint trial plea, court to pass order on September 2 August 30, 2013

    CBI on Friday opposed in a Delhi court the separate pleas filed by Essar Teleholdings Limited (ETHL) and another accused in 2G spectrum scam seeking a joint trial in the case saying any "attempt to derail the trial" would be against the Supreme Court's order of day-to-day proceedings. "The Supreme Court...
  • 2G scam: Arguments on pleas for joint trial to be heard on Aug 23 August 16, 2013

    A Delhi court today fixed August 23 for hearing the arguments on separate pleas filed by Essar Teleholdings Limited (ETHL) and another accused in 2G spectrum allocation scam seeking a joint trial in the case. Special CBI Judge O P Saini, who was scheduled to hear the arguments on the pleas...
  • New steel import norms will dent capacity utilisation, say experts August 13, 2013

    The recent government notification to ease steel import norms will not only increase inward shipment of the metal, but also add to woes of domestic firms battling demand slowdown, industry experts said on Monday. The industry called for an urgent review of the decision, saying the quality of domestic steel...
  • 2G scam: Court asks Mittal, Ruia to seek clarification from SC July 31, 2013

    New Delhi: Bharti Cellular CMD Sunil Mittal and Essar Group promoter Ravi Ruia were on Wednesday told by a Delhi court that there was "no stay" on the proceedings before it in the additional spectrum allocation scam case and they could seek clarification on this issue from the Supreme Court. "There...
  • 2G case: SC to hear if Nira Radia was involved in the scam July 31, 2013

    New Delhi: The Supreme Court will on Tuesday consider whether political lobbyist Nira Radia was involved in the 2G spectrum scam or not. She has been accused of having criminal interference in the case. Bharti Airtel chief Sunil Mittal and Essar Group promoter Ravi Ruia, too, are at the Central Bureau...
  • 2G scam: SC rejects Essar, Loop plea on special court jursdiction July 1, 2013

    New Delhi: Supreme Court on Monday rejected the plea by telecom service provider Essar tele holding and Loop telecom limited that they could not be proceeded against by the 2G special court into the charges of cheating and conspiracy in the allocation of 2G licences and allocation spectrum. The apex court...
  • Why a resurgent american economy matters for India Inc May 6, 2013

    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...
  • 2G spectrum scam: Court fixes July 8 for proceedings April 29, 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...
  • Gujarat HC issues notices to government on land allotment April 27, 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...
  • 2G case: New bench to hear Mittal, Ruia's pleas in SC April 23, 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...
  • 2G case: Court adjourns matter to April 29 April 22, 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...
  • 2G: Sunil Mittal, Ravi Ruia to appear before SC today April 18, 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...
  • 2G case: Mittal, Ruia furnish personal bonds in court April 16, 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...
  • 2G spectrum allocation case: Mittal, Ruia appear in court April 11, 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...