Ravi Ruia

A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country's old dynasties.

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

The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.

Dismissing Essar Group promoter Ravi Ruia's request to travel abroad, the Supreme Court today cited "a bad experience" and said a person who had promised to return never did.

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 Supreme Court has dismissed the petition of the Ruias of the Essar group and said they will have to face trial in the 2G case.

The Supreme Court today said that Sunil Bharti Mittal, the chairman and managing director of Bharti Cellular Ltd and Ravi Ruia, the promoter of Essar Group, will not face trial in a case of allocation of additional spectrum.

The Supreme Court will decide tomorrow whether Sunil Bharti Mittal, the chairman and managing director of Bharti Cellular Ltd and Ravi Ruia, the promoter of Essar Group, will face trial in the additional spectrum case.

A buyout offer from India's billionaire Ruia family for Essar Energy "materially undervalued" the company and its prospects, an independent committee set up to examine the offer said for a third time.

Thanks to a weak economy and decline in the rupee value against the dollar, the collective wealth of India's billionaires' at $191.5 billion was a tad lower than last year's $193.6 billion, even as the number of the super-rich people in the country was 56, one more than 2013.

A Delhi court on Thursday fixed for April 4 the hearing in the additional spectrum case, in which Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and others have been summoned as accused.

Corporate czars like Anil Ambani, Sunil Bharti Mittal and business houses including Tata came under intense judicial scanner for scam-related cases in 2013 with Subrata Roy Sahara facing the toughest time in Supreme Court which restrained him from leaving India.

Special CBI Judge O P Saini adjourned today's proceedings in the wake of stay granted by the Supreme Court on separate pleas filed by Mittal and Ruia challenging the March 19 order of the trial court summoning them as accused in the case.

Promoters of Essar Steel will infuse an additional equity of up to Rs 1,000 crore into the loss-making steelmaker by acquiring its shares on a preferential basis.

The Reserve Bank of India has allowed Essar Oil, majority owned by London-listed Essar Energy, to raise $2.27 billion of which it has raised $820 million so far.

A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country's old dynasties.

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

The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.

Dismissing Essar Group promoter Ravi Ruia's request to travel abroad, the Supreme Court today cited "a bad experience" and said a person who had promised to return never did.

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 Supreme Court has dismissed the petition of the Ruias of the Essar group and said they will have to face trial in the 2G case.

The Supreme Court today said that Sunil Bharti Mittal, the chairman and managing director of Bharti Cellular Ltd and Ravi Ruia, the promoter of Essar Group, will not face trial in a case of allocation of additional spectrum.

The Supreme Court will decide tomorrow whether Sunil Bharti Mittal, the chairman and managing director of Bharti Cellular Ltd and Ravi Ruia, the promoter of Essar Group, will face trial in the additional spectrum case.

A buyout offer from India's billionaire Ruia family for Essar Energy "materially undervalued" the company and its prospects, an independent committee set up to examine the offer said for a third time.

Thanks to a weak economy and decline in the rupee value against the dollar, the collective wealth of India's billionaires' at $191.5 billion was a tad lower than last year's $193.6 billion, even as the number of the super-rich people in the country was 56, one more than 2013.

A Delhi court on Thursday fixed for April 4 the hearing in the additional spectrum case, in which Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and others have been summoned as accused.

Corporate czars like Anil Ambani, Sunil Bharti Mittal and business houses including Tata came under intense judicial scanner for scam-related cases in 2013 with Subrata Roy Sahara facing the toughest time in Supreme Court which restrained him from leaving India.

Special CBI Judge O P Saini adjourned today's proceedings in the wake of stay granted by the Supreme Court on separate pleas filed by Mittal and Ruia challenging the March 19 order of the trial court summoning them as accused in the case.

Promoters of Essar Steel will infuse an additional equity of up to Rs 1,000 crore into the loss-making steelmaker by acquiring its shares on a preferential basis.

The Reserve Bank of India has allowed Essar Oil, majority owned by London-listed Essar Energy, to raise $2.27 billion of which it has raised $820 million so far.