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SHASHI RUIA ESSAR
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 ...
'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...
Lenders go all out to recover Essar Steel loans, to invoke Ruias’ personal guaranteesEssar Steel faces claims of Rs 49,138 cr from financial creditors. SBI accounts for the largest share of Rs 13,131 cr, followed by IDBI Ban...
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 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...
- Former head of Loop Mobile Somasundram Subramaniam says co was controlled by the Essar group
Somasundram Subramaniam's statement was recorded before a metropolitan magistrate implying that it can be used as evidence by the CBI.
- Essar's Ravi Ruia relocates to London; to raise $3bn
Ravi Ruia is moving to London to help the group raise $2.5-3 bn by listing Essar Energy Holdings, which owns the group’s oil assets, on LSE.
- Essar seeks PM's help for iron ore supply
Essar Steel has sought PM's intervention in getting allocation of 3.5 million tonnes of iron ore reserved by mining giant NMDC for exports.
- Essar completes acquisition of Minnesota Steel
Essar Steel Holdings, part of the Ruia-controlled Essar Global, on Wednesday said that it has completed the acquisition of Minnesota Steel,...
- Ruias to stay put in Hutch Essar
The roses sent by Vodafone CEO to the Ruias of Essar group on Valentine’s Day were not wasted.
- Essar uncertain on joining Vodafone
Essar now says it would take a decision in "due course" on its stake in mobile venture Hutch-Essar.
- 'Essar, Vodafone to continue as partners'
Essar has said it would stay put and run the business along with new majority partner Vodafone.
- Sarin holds parleys with Ruias
Vodafone CEO Arun Sarin meets Ruias as part of efforts to woo the Essar Group.
- Essar, bankers to start due diligence for Hutch
Essar's move follows Vodafone, which has already started examining the books of Hutch Essar.
- Essar keen on acquiring Hutch stake
Essar Group Chairman Shashi Ruia said, "It is our company. Why should we do a due diligence".
- Essar’s top guns in fresh talks with HTIL
Essar vice-chairman Ravi Ruia and director Prashant Ruia have begun a fresh round of talks with Hutchison Telecom International.
- Ruias may offer to buy out Hutchison
Investment Bankers expect Ravi Ruia to meet Li Kashing in Hong Kong in a day or two.
- Upwardly mobile
The Ruias made news this week when they called off the proposed merger of BPL Mobile’s Mumbai business with its joint venture company, Hutc...