'Marwari' school of business keeps 3 generations of Ruia family under one roofEssar, a family-run conglomerate, stands out amidst public feuds among Indian business families. The Ruia family, spanning three generation...
DRI moves tribunal against relief to Essar Group in over-invoicing caseBetween March 2015 and August 2016, the Mumbai zone of the Directorate of Revenue Intelligence had issued issued show-cause notices (SCNs) ...
Family Office of billionaire Ravi Ruia acquires sprawling London mansionHanover Lodge, originally designed by British architect John Nash around 1827, is located on the outer circle of Regent's Park and is said ...
Essar to further cut down debt by 70 pc in last leg of deleveraging exerciseThe Ruia family-owned Essar Group has embarked on the final leg of its deleveraging exercise with plans to cut down its residual debt by 70...
Essar signals resuming investment-led growth planThe Essar Group has indicated that it is "poised to embark on a new phase of growth while driving growth in its existing portfolio." Essar ...
'Hide all documents': Indian steel tycoons fight over $1.5 billionMittal has now opened a new front in the UK in a worldwide legal battle with the Ruia family.
Friends, family, Bridge buddies mourn Ashok RuiaThe Ruia family traces its beginnings to cotton trade and the textile industry.
Numetal to NCLAT: Aurora Enterprises would have no control over firmDuring the proceedings of the NCLAT, senior advocate Mihir Thakore representing Numetal said that the IBC does not disqualify anyone based ...
Defaulting promoters must be barred from bidding: Shikha SharmaThe comments come even as reports say that in case of Essar Steel, Ruia family has teamed up with the VTB to wrest back the company through...
Ruia family to check out of central Delhi bungalow for Rs 170 croreThe sale of bungalow in the leafy Jor Bagh area of central Delhi comes at a time Essar Group is saddled with a whopping Rs 98,412-crore deb...
- Khazanah emerges top bidder for Ruias-owned BPO firm Aegis Global
Khazanah is said to have emerged as a ‘serious bidder’ for the BPO firm which employs more than 60,000 people and has revenues of nearly $1...
Ruias to reduce family presence on company boardsThis would be one of the rare occasions within Indian business families, where the promoters will opt for the role of an "active investor".
- Essar Ports net profit jumps five fold at Rs 44.98 crore
Ruia family controlled Essar Ports on Thursday posted a five fold increase in its net profit for the September-December quarter while its t...
Essar Group & 2G case: Will the Ruia's fight it out successfully?Given that corporate India has never had so many of its senior execs doing the rounds of courts, the Ruias probably have a tougher battle t...
- Essar Ports climbs 20% as BofA places a 'buy' rating
Shares of Ruia family-promoted Essar Ports surged 20% amid a weak broad market after Bank of America assigned a “buy” recommendation to the...
- Essar Energy to raise $2.5 billion via London issue
The Ruia family-owned Essar Energy aims to raise $2.5 billion in a share sale in London, in the biggest initial public offering in four yea...
- 'Essar, Vodafone to continue as partners'
Essar has said it would stay put and run the business along with new majority partner Vodafone.