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Essar Global Acquired

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Indian diplomacy's success stories in a bleak landscape

 'Indian diplomacy in West Asia under the present government has been a success story -- and with Saudi Arabia in particular,' says Ambassador M K Bhadrakumar. IMAGE: Air India's Boeing 787-8......

Essar Global to buy Minnesota Steel

 Essar Global on Wednesday announced the acquisition of Minnesota Steel, a US-based privately held company with iron ore reserves of 1.4 billion tonne, for an undisclosed amount. Industry sources......

Events that shaped Indian businesses in 2024

 Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in......

Essar to invest $500mn in Algoma

 Essar Group plans to invest $500 million (Rs 2,000 crore) to scale up the annual production capacity of its recently acquired Canadian steel company Algoma to 4 million tonne in three years from......

Vax king Poonawalla shells out Rs 1,400 crore to snap up London villa

 Serum Institute of India chief Adar Poonawalla will pay £138 million (about Rs 1,444 crore) for a Mayfair mansion in London in one of the city’s most expensive home sales of the year,......

Essar to acquire US steel firm for Rs 350-375 cr

 In its second overseas takeover within three days, Ruias-owned Essar Global on Wednesday signed an agreement to acquire iron ore-rich Minnesota Steel LLC in the United States for an estimated......

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