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1-10 results from 447 for query «essar»

19 May, 2017 4:58 PM CCI approves Essar's BPO arm sale

The Competition Commission has approved the sale of Essar Group's BPO company Aegis Ltd to Singapore-based private equity fund manager Capital Square Partners (CSP). In a tweet, the Competition Commission of India (CCI) said that it has approved "acquisition by CSP Alpha of 100 per cent share capital of ESM Holdings Ltd". CSP Alpha is a special purpose 32

3 April, 2017 10:44 AM Expect to pare debt from sale proceeds of Aegis: Sudip Rungta of Essar

Sandip Sen, Global CEO, Aegis told CNBC-TV18 that Essar has divested Aegis and Aegis is now 100 percent going to be owned by Capital Square Partners and the deal would take about 30-45 days. Sudip Rungta, ED-M&A, Essar said the sale proceeds from the deal would effectively go towards repayment of debt but how much of it will be paid once the transaction 16

20 March, 2017 7:01 PM Idea merges with Vodafone to create India's largest, world's 2nd largest telecom company

NEW DELHI | MUMBAI: India's telecom industry will soon ring in a new order. Vodafone India and the Kumar Mangalam Birla-owned Idea Cellular are to merge to create the country's biggest phone company by subscribers, dislodging Bharti Airtel, which has been at the top for 15 years. The new Rs 1.55 lakh crore entity will also be the world No. 2 after China 45

17 January, 2017 4:01 PM CBDT puts on hold circular on taxation of indirect transfer of shares

The move comes after foreign investors made representations to finance ministry asking the latter to reconsider the CBDT circular on retrospective tax New Delhi: In a move that will provide a respite to foreign portfolio investors (FPIs), venture capital and private equity investors, the central board of direct taxes (CBDT) has decided to put on hold its recent 112

8 January, 2017 4:13 PM Petrol pumps to stop accepting card payments from tomorrow

With 4 major banks deciding to charge for these from today, dealers say they have no other choice Following a decision by four banks to levy a charge for every sale on a credit or debit card, two petroleum dealer associations have decided not to accept any card transactions at fuel retail outlets from Monday. The decision covers a majority of the 56,000 outlets 105

5 January, 2017 9:48 AM Essar Steel posts record flat steel output of 1.48 MT in Q3

The total flat steel production stood at 1.48 million tonnes (MT) in the third quarter ended December 31 as compared to 0.92 million tonnes in the same period last year. Pellet production grew 99 percent to 2.59 MT from 1.30 MT in the same quarter last year, a company statement said here. Liquid steel output increased by 62 percent to 1.48 MT in Q3 FY17 from 0.92 MT in the same period 51

22 November, 2016 2:59 PM Auto companies to manufacture bullet proof passenger cars in India

New Delhi: If you are an automotive enthusiast and like to flaunt your newly bought model with unique features, then just hold on! Indian car makers may soon be building bullet proof cars for commercial sale. Essar Steel India Ltd (ESIL) on Tuesday said it is in talks with vehicle body builders and car designers for using its bullet proof steel in vehicles 186

21 November, 2016 10:14 AM Indian refineries owe over $2 bn oil dues to Iran: Pradhan

Four Indian refiners had outstandings of USD 6.11 billion in May, 2016 when formal banking channels were opened with Iran after nearly four years. They came down to USD 2.55 billion as on November 15 after public sector refiners paid most of their dues to Iran, the minister said. Mangalore Refinery and Petrochemicals Ltd (MRPL) had an outstanding of USD 2.557 billion 86

11 November, 2016 7:32 AM Supreme Court rules states have right to levy entry tax on goods coming in

The Supreme Court on Friday upheld the constitutional validity of the state legislations with regard to levy of entry tax on goods coming into its territory. A 7:2 majority verdict by the apex court ruled that the tax legislation by the state does not require the consent of the President under Article 304 B of the Constitution. The nine-judge bench headed 189

11 November, 2016 7:19 AM SC upholds constitutional validity of state imposed entry tax on goods

The Supreme Court says the state governments have right to levy entry tax on goods entering their area New Delhi: The Supreme Court on Friday upheld the constitutional validity of levy of entry tax imposed by state governments on the movement of goods from one state to the other. In a 7:2 majority verdict, it was held that imposing entry tax was not violative 183