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WHO WAS SHASHI RUIA
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 ...
- Pickleball is the new golf as CEOs get a taste of sportPickleball, a combination of tennis, ping-pong, and badminton, is gaining popularity among CEOs and their families in India, with clubs suc...
- 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.
- 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...
- Lessons to learn under the Ruias at EssarLessons from your previous jobs often come in handy when you are dealing with a situation in your current venture.
- Essar mulls Nokia's Tamil Nadu plant takeoverThe plant, once the world's single-largest mobile phone manufacturing unit, has been lying idle since November 1, 2014 when the company sus...
- Mukesh Ambani richest Indian with personal wealth of $19.3 bn: ReportAccording to China-based research firm Hurun's inaugural India Rich List, Ambani is followed by the London-based steel baron L N Mittal who...
- 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".
- No cheating case against us: EssarPromoters of Essar Group told a Delhi court Wednesday that charges of cheating do not apply to them since the government had not found any ...
- 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...
- 2G scam: CBI may file charges against Essar promoters, Ravi Ruia & VC Anshuman RuiaCBI concluded that Loop had been funded, controlled and managed by Essar, violating telecom licence conditions.
- Former head of Loop Mobile Somasundram Subramaniam says co was controlled by the Essar groupSomasundram Subramaniam's statement was recorded before a metropolitan magistrate implying that it can be used as evidence by the CBI.
- Mukesh Ambani tops Forbes list of India's richestAccording to the Forbes India Rich List, there are 69 billionaires this year, compared to 52 last year.
- Essar's Ravi Ruia relocates to London; to raise $3bnRavi 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.
- Manmohan Singh to meet business and corporate leadersPrime Minister Dr Manmohan Singh will meet top business and corporate leaders here on Monday to explore the options for limiting the impact...
- Ruia to fund 'The Elders' groupEssar Group Chairman Shashi Ruia joins Richard Branson and Peter Gabriel to fund The Elders group.
- Vodafone open to partnering RCOM too"We are a partnership kind of people, we are open to everything," said Vodafone CEO Arun Sarin.
- Essar, bankers to start due diligence for HutchEssar's move follows Vodafone, which has already started examining the books of Hutch Essar.
- 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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