Prashant Ruia

The potential targets of Pegasus included former chairman of Jet Airways Naresh Goyal, SpiceJet managing director Ajay Singh, Essar Group's Prashant Ruia and some top PSU officials, according to the latest list of names released by The Wire.

The SBI sought the attachment of global assets of Ruias to recover its balance Essar Steel dues, through debt recovery proceedings at the DRT.

Rosneft and its partners restructured the board of the company, packing it with their representatives.

The company director, Prashant Ruia, said the firm will pay back as much as Rs 70,000 crore to lenders, including SBI, ICICI Bank, Axis Bank, IDBI Bank and StanChart, among others.

Essar signed agreements on Saturday to sell 49 per cent in the 20 million tons a year Vadinar refinery in Gujarat.

The sale, which was signed on Saturday, is the biggest foreign acquisition ever in India and Russia's largest outbound deal.

Russia's top oil producer Rosneft on Wednesday said it has reached a preliminary agreement to buy a 49 per cent stake in Essar Oil and the deal is likely to be concluded by June.

The company has been trying to dollarize its debt in order to de-risk its business from currency fluctuation and reduce the cost of its debt. Essar Oil has a global exploration capacity of about 7 lakh barrels per stream day (bpsd), due to which most of its revenues come in dollar. So, converting debt to dollar will reduce significant currency risk...

Acute fuel shortages, pricing issues, delay in clearances, funding problems will be discussed in the meeting.

The next two years will be spent consolidating these operations says the heir to the Essar empire Prashant Ruia who expects an annual turnover of a whopping Rs 40,000 crore once the full capacity utilization is achieved.

The court has asked the CBI and other agencies to clarify their stand within 10 days.

The 2G issue will not impact any other businesses, said Essar Group's Prashant Ruia.

The plant will have the capability to manufacture steel at a low cost through a series of cost-cutting measures.

Prashant Ruia, presently the Vice-Chairman, would take over as interim Chairman.

Essar Group CEO Prashant Ruia will appear before the CBI in connection with the ongoing 2G spectrum scam. Mr Ruia will be questioned for a second time. Mr Ruia will be asked whether Loop Telecom is a front company for Essar. Indian laws prohibit telecom companies from owning more than 10 per cent in another telecom company. Essar, whic...

The potential targets of Pegasus included former chairman of Jet Airways Naresh Goyal, SpiceJet managing director Ajay Singh, Essar Group's Prashant Ruia and some top PSU officials, according to the latest list of names released by The Wire.

The SBI sought the attachment of global assets of Ruias to recover its balance Essar Steel dues, through debt recovery proceedings at the DRT.

Rosneft and its partners restructured the board of the company, packing it with their representatives.

The company director, Prashant Ruia, said the firm will pay back as much as Rs 70,000 crore to lenders, including SBI, ICICI Bank, Axis Bank, IDBI Bank and StanChart, among others.

Essar signed agreements on Saturday to sell 49 per cent in the 20 million tons a year Vadinar refinery in Gujarat.

The sale, which was signed on Saturday, is the biggest foreign acquisition ever in India and Russia's largest outbound deal.

Russia's top oil producer Rosneft on Wednesday said it has reached a preliminary agreement to buy a 49 per cent stake in Essar Oil and the deal is likely to be concluded by June.

The company has been trying to dollarize its debt in order to de-risk its business from currency fluctuation and reduce the cost of its debt. Essar Oil has a global exploration capacity of about 7 lakh barrels per stream day (bpsd), due to which most of its revenues come in dollar. So, converting debt to dollar will reduce significant currency risk...

Acute fuel shortages, pricing issues, delay in clearances, funding problems will be discussed in the meeting.

The next two years will be spent consolidating these operations says the heir to the Essar empire Prashant Ruia who expects an annual turnover of a whopping Rs 40,000 crore once the full capacity utilization is achieved.

The court has asked the CBI and other agencies to clarify their stand within 10 days.

The 2G issue will not impact any other businesses, said Essar Group's Prashant Ruia.

The plant will have the capability to manufacture steel at a low cost through a series of cost-cutting measures.

Prashant Ruia, presently the Vice-Chairman, would take over as interim Chairman.

Essar Group CEO Prashant Ruia will appear before the CBI in connection with the ongoing 2G spectrum scam. Mr Ruia will be questioned for a second time. Mr Ruia will be asked whether Loop Telecom is a front company for Essar. Indian laws prohibit telecom companies from owning more than 10 per cent in another telecom company. Essar, whic...