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1-10 results from 464 for query «essar»

29 August, 2017 11:27 AM Vodafone Hutch deal: India Sending Li Ka-shing a $5 billion tax bill is so retro

Just because Vodafone Group Plc is in no mood to settle a $2.2 billion withholding tax claim by New Delhi doesn’t mean the latter can turn around and ask Li Ka-shing’s CK Hutchison Holdings Ltd. to cough up $5 billion. The more India engages in such antics, dragging on a five-year-old campaign of retrospective taxation, […] Just because Vodafone Group 44

21 August, 2017 9:20 AM Essar Oil completes sale of assets to Rosneft-led consortium for $12.9 bn

Deal to halve ICICI Bank's exposure to Essar Group Ruia-owned Essar Oil on Monday announced the completion of the sale of its India assets to Rosneft-led consortium for a hefty sum of $12.9 billion. The transaction which will bring down the group's debt by Rs 70,000 crore has also brought to an end the asset monetisation program Essar Group had initiated 33

4 August, 2017 12:08 PM Essar Ports enters pact to build coal terminal in Mozambique

Essar Ports today said it has entered into a concession pact with Mozambique government to develop a new 20 MTPA coal terminal at Beira Port in the Southeast African country. "Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port, as part of a public private partnership (PPP) 25

31 July, 2017 5:03 PM Essar Shipping Q1 net loss widens to Rs 58 crore

Essar Shipping today reported widening of its standalone net loss to Rs 57.8 crore for the quarter ended June 30, 2017. Its standalone net loss in the corresponding quarter of the previous fiscal was Rs 50.4 crore, Essar Shipping said in a filing to the BSE. According to a company official, its net loss widened due to foreign exchange losses 21

17 July, 2017 11:39 AM Gujarat High Court dismisses Essar Steel's plea against RBI; insolvency process to continue

Essar Steel will undergo insolvency proceedings as the Gujarat High Court dismissed the company's plea against the Reserve Bank of India (RBI). According to a senior lawyer, "Now, Essar Steel has the option of going to the Supreme Court. They will take a decision in a day or to as time is a critical factor in this. IT will definitely set a precedent 33

17 July, 2017 11:06 AM Gujarat HC dismisses Essar Steel plea against RBI in bankruptcy case

Ruling a boost for govt, which has tweaked banking laws to empower RBI to tackle the bad debt issue The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a Reserve Bank of India (RBI) order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said. The ruling is a boost to the government 28

17 July, 2017 9:40 AM Gujarat HC turns down Essar Steel's bad loan plea in big win for banks

What could be a big boost for the government's drive against corporate bad loans, the Gujarat High Court today dismissed a plea by Essar Steel against the Reserve Bank of India (RBI). On July 14, it had reserved its order for Monday on Essar Steel's plea against the June 13 RBI circular to banks to act under Insolvency and Bankruptcy Code against the steel 6

5 July, 2017 8:51 AM Seeing rally across emerging markets, says Varanium Capital

In an interview to CNBC-TV18, TS Anantakrishnan, CEO of Varanium Capital shared his views and outlook on fundamentals of market as well as few stocks. Broad market valuations are at the upper end. So the broad rally has been across emerging markets, not specific to India, he said. In an interview to CNBC-TV18, TS Anantakrishnan, CEO of Varanium Capital 25

5 July, 2017 7:00 AM Edelweiss ARC plans to buy Rs 1500-Rs 2000 cr bad loans in FY18, eyes steel sector

Edelweiss Asset Reconstruction Company (ARC) plans to buy Rs 1,500-2,000 crore worth of bad loans, largely in the steel sector, in this fiscal year. One of the largest ARCs in the country, sponsored by Edelweiss Group, it has already bought bad loans worth Rs 630 crore from banks in the three month period from April to June this year. “We invested 34

28 June, 2017 3:01 AM Gujarat Urja to buy 100% stake in Tata Power, Adani Power's Mundra plant for Re 1: Sources

CNBC-TV18 learns from sources that Gujarat Urja Vikas Nigam (GUVNL) is willing to buy 100 percent stake in Tata Power Company and Adani Power's Mundra power plant for one rupee. GUVNL has also evinced its interest in buying stake in Essar Power's Salaya plant. That too for a rupee. CNBC-TV18 learns from sources that Gujarat Urja Vikas Nigam (GUVNL) is willing 16