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SHASHIKANT RUIA
2024: A year of farewells, separation, failed union, M&As for corporate IndiaIn 2024, corporate India experienced significant mergers, IPOs, and technological advancements, despite facing major challenges including b...- The world of business lost these eminent people in 2024In 2024, India mourned the loss of several renowned personalities including corporate leader Ratan Tata, banker Narayanan Vaghul, media tyc...
- 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 ...
- 2019: The year Indian tycoons faced bankruptcies, jail and even deathBanks wrote off $39 billion loans in 18 months as they battled the world’s worst bad debt pile.
- Hedge fund may seize super-yacht in dispute with billionairesThe latest stage of the escalating dispute threatens to spill out of the courtroom.
- Essar gets $330 million loan from Russia's VTB bank to delist armObtaining the loan is an important step for Essar to allow it to move closer to a final deal to sell a stake to Russia's top oil producer R...
- Sensex pares gains, up over 200 pts, Nifty tests 8,000; ICICI Bank, Axis up 5%The S&P BSE Sensex rallied over 500 points on Friday, after the US Federal Reserve held off raising interest rates.
- Fifteen stocks in focus in Friday's tradeIndian markets are expected to trade higher. Here is a list of fifteen stocks which are likely to remain in focus today.
- Essar Oil gets stock exchanges' go ahead for delistingEssar Oil has received approvals from National Stock Exchange (NSE) and BSE to delist its shares, company Managing Director & CEO L K Gupta...
- Rosneft deal to help Ruias delist Essar companies$35-billion Essar Group is working on a plan to take group firms private following the deal to sell 49 per cent stake in Essar Oil to Rosne...
- Delhi High Court asks EY to value Nokia’s production plant in ChennaiHC directed consulting firm EY India to value Nokia’s manufacturing plant in Chennai within two months, as the Finnish telecom gear maker s...
- IT dept to see if offer for Nokia Chennai plant acceptable: Delhi High CourtThe offer was placed before the court and handed over to IT dept during hearing of Nokia's plea seeking permission to sell the assets.
- Nokia has identified "serious" buyer for Chennai plant: Tamil Nadu governmentFinnish telecom equipment maker Nokia has identified a "serious" buyer for its manufacturing plant in Chennai, a top Tamil Nadu government ...
- Income Tax Department demands Rs 3,500 crore guarantee from Nokia to lift assets freezeThe income-tax department filed the affidavit in the Delhi High Court a few days ago, said people with knowledge of the matter.
- Essar Group mulls buying Nokia's closed Sriperumbudur unitThe company would also not be averse to taking back the workers who lost their jobs following closure of the facility after Nokia-Microsoft...
- 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...
- Bharti Airtel, Kenya’s telco Safaricom bid for licences and 2.7 million customers of YumobileIn an application to the Kenyan telecom regulator CAK, Yumobile said that it intended to transfer its part of the business in the company.
- Now, Pak teams in IIM-A ConfluenceAfter the Pakistani cricket team, it is the turn of Lahore-based University of Management Sciences to come down to the IIM-A for its annual...
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