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RUIA BROTHERS
Essar Group's cofounder Shashi Ruia passes awayRuia, a first-generation entrepreneur, co-founded Essar with his younger brother Ravi Ruia in 1969. It was a maiden venture to build a brea...- Shashi Ruia, Essar group co-founder, dies at 81Shashi Ruia Passed Away: Indian billionaire Shashi Ruia, co-founder of Essar Group, passed away at 80. Starting in 1969 with a construction...
- How teenager Shashi Ruia rejected study abroad offer to built an empire across 35 nations over five decadesShashi Ruia, co-founder of the Essar Group and a prominent industrialist, passed away at 80. From Essar’s beginnings in 1969, Ruia steered ...
- Whistleblower levels fresh allegations against KochharOn Mar '16, he had written letter to PM alleging dirty dealings between bank & Videocon Group.
- Essar Power signs strategic partnership pact with Russia's Inter RAOAn Essar spokesperson said that the two companies will explore jointly running the existing power plant and mines and also look at new proj...
- Ravi Ruia’s son to lead $6 billion all-cash offer for family steelBids for Essar Steel will open next week. Tata Steel is seen weighing options, while Anil Agarwal-led Vedanta may table an offer.
- Essar closes Rs 2000-crore Aegis sale; retires Rs 75,000 crore debtThe net proceeds from the sale will be used by the group, led by the Ruia brothers, to retire debt owed to various financial institutions.
- View: StanChart Bank’s India problem (half) solvedTycoons shedding assets is good news for StanChart, whose India franchise had come to depend too much on lumpy loans to holding companies b...
- Apex court bars Essar cofounder Ravi Ruia from foreign travelSinghvi pointed at his record on this score, insisting that though he was an NRI, Ruia had proved his bonafides by returning every time he ...
- SC rejects plea of Essar promoter Ravi Ruia to go abroadThe apex court dismissed the petition of Ruia who wanted to visit United Kingdom, United States, Canada and UAE for business purposes.
- Shashi, Ravi Ruia to sell Aegis BPO's US and Philippines operations for Rs 3,600 croreThe Ruias have entered into exclusive talks with Teleperformance to sell the two overseas operations of Aegis, valued at about 9 times thei...
- Ruias get Board nod to de-list Essar Oil from Indian boursesAfter de-listing Essar Energy plc from London Stock Exchange, they announced their intention to de-list Essar Oil from Indian bourses on Ju...
- Essar Energy investors hire law firm, Skadden Arps to stop delisting of company from LSEInvestors in Essar Energy, have hired law firm Skadden Arps in an attempt to prevent taking the LSE-listed oil company private "on the chea...
- Essar Engery in talks with lenders for crude inventory management dealThe Ruia brothers and their bankers are trying to cobble together a complex deal to bring down the borrowing requirement of Jamnagar refine...
- Essar Group cuts Loop Telecom stake to 1.5%The Dubai-based Khaitan family owns the remaining 98.5% stake, the affidavit adds. Kiran Khaitan is the sister of the Ruia brothers.
- Essar Group's new core team to call the shotsEssar gives top officials decision-making powers; move a break from the past when promoters & directors held sway.
- Essar Group all set for LSE listingThe London listing and global acquisitions do not mean that the group is overwhelmed by the globalisation fad that has ruined many business...
- Ruias' Essar for $ 8-bn London listing: ReportThe listing could make it the first Indian company to enter London's main market since Vedanta, 7 yrs ago. Developments you need to track |...
- Ruias may offer to buy out HutchisonInvestment Bankers expect Ravi Ruia to meet Li Kashing in Hong Kong in a day or two.
- Upwardly mobileThe Ruias made news this week when they called off the proposed merger of BPL Mobile’s Mumbai business with its joint venture company, Hutc...
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