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Essar Energy Acquisition

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Russia remains India's top defence partner, says Modi

 Prime Minister Narendra Modi and Russian President Vladimir Putin during their joint press conference. Photograph: PTI photo Russia will build at least 12 nuclear reactors in India by 2035 and......

'Marwari' school of business keeps 3 generations of Ruia family under one roof

 Indian family-run business houses have in recent years seen ugly public spats between owners over control. Image: Shashi Ruia (left) and Ravi Ruia. Photograph: PTI Photo from the Rediff Archives......

Adani Power revives old ambitions as power demand surges in India

 At present, the largest power producer in the country is NTPC with 75 Gw capacity and the largest private sector player is Adani Power, with Tata Power a close second. Photograph: Amir......

Essar to sell port infra to ArcelorMittal for Rs 19,000 cr

 Essar group on Friday announced the signing of a USD 2.4 billion (Rs 19,000 crore) deal to sell certain ports and power infrastructure to ArcelorMittal Nippon Steel in one of the largest......

This deal will see the single-biggest outflow of foreign capital from India

 The much-talked-about sale of Ambuja Cement and ACC by Holcim Group will see the single-biggest outflow of foreign capital from the country if the two cement firms are acquired by Indian investors.......

Nirav Modi has been dethroned!

 If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing......

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