Ruias

AM/NS India to acquire infra assets from Essar Group for $2.4 billion

The ownership of port assets had been in courts since 2020 after AM/NS India moved the Gujarat High Court

Ruias'-promoted Essar to take solar route to build power portfolio

One of the first in its portfolio would be a 87.5 Mw project at Datia in Madhya Pradesh

25 years of telecom: Boon for India's business tycoons, bane for MNCs

Big business houses such as the Tatas, Anil Ambani, multinationals like Malaysian tycoon T Ananda Krishna of Maxis failed to create viable businesses

Ruias plan comeback, say Essar to re-start investment in India and abroad

Group repaid Rs 1.4 trn debt to banking system over past three years; promoters say it currently generates earnings of Rs one trn a year, mainly from UK refinery

Essar to embark on new phase of investment-led growth: Ruia family

Despite losing Essar Steel in insolvency proceedings, cash flows remain strong, with Rs 1,00,000 crore of revenues from existing businesses

Top 10 biz headlines: Ruias win back Mahan Power, auto cos' GST woes & more

From the Ruias being set to wrest back control of the Mahan Power project to the govt's warning that GST relief for auto cos may raise burden on other goods, here are Thursday's top business headlines

Ruias set to win back control of Mahan Power as ArcelorMittal bid falters

Banks reject L N Mittal's conditional offer

Ruias plan to pay interest, penalty of Rs 35 bn to retain Essar Steel

The company has sought details of payouts from lending banks