Essar personnel exercised control in Loop Telecom Ltd: CBI
CBI Wednesday told a special court that Essar group offficials were exercising control in Loop Telecom Ltd (LTL), a "front company", to bag 2G spectrum licences in violation of a provision under the Unified Access Services Licences (UASL) guidelines.
Aug 05, 2015, 18:16 PM IST
Essar created 'corporate veil' to conceal holding in Loop: CBI
Special public prosecutor Anand Grover said the money in entire transactions was transferred through various entities and most of it came from Essar Group companies, especially accused firm Essar Tele Holding Ltd (ETHL).
Jul 02, 2015, 17:51 PM IST
Transactions involving Loop Telecom funded by Essar: CBI
Continuing final arguments in the case arising out of the investigation in 2G spectrum allocation scam, Special Public Prosecutor Anand Grover said as per the documents on record, the money trail originated from various firms of Essar Group.
Jul 01, 2015, 17:17 PM IST
Documents filed by Ravi Ruia appear to be "suspect": Court
Essar Group promoter Ravi Ruia has faced the ire of the special 2G court which dismissed his plea seeking permission to travel abroad noting that the documents attached with his application appeared to be "suspect" and he was apparently "hiding appropriate facts".
Jun 10, 2015, 18:19 PM IST
Court pulls up Anshuman Ruia, denies permission to go abroad
Essar Group promoter Anshuman Ruia, facing trial along with others in a case arising out of the 2G scam probe, has been denied permission to travel abroad with a special court rapping him for "wasting" its time by submitting "obscure" documents.
Jun 08, 2015, 15:22 PM IST
Essar Steel back in black; posts profit of Rs 684 cr in FY15
Ruias-promoted Essar Steel Wednesday posted a net profit of Rs 684 crore for the full fiscal ended March 31, helped by better operating margins, consolidation and higher demand for its value added steel products.
May 27, 2015, 19:35 PM IST
Special court allows Ravi Ruia to travel abroad
Essar Group promoter Ravi Ruia, facing trial in a case arising out of the probe into the 2G spectrum scam, was Monday allowed to travel abroad by a special court, which also cautioned him to "desist" from filing frequent applications in this regard.
May 25, 2015, 21:32 PM IST
Essar pulls out of race to buy Nokia's Chennai mobile plant
Nokia's Chennai plant is under freeze over an estimated Rs 10,000 crore tax dispute with the Income Tax department.
May 21, 2015, 13:14 PM IST
Govt transfers forest clearance from earlier allotee to Essar
Essar Power need not apply for fresh forest clearances for captive coal mines in Jharkhand as the government has transferred to it the approvals granted to the earlier allotee.
May 20, 2015, 18:33 PM IST
Essar Group was in touch with ex-finance minister: NGO to SC
Essar Group was allegedly in touch with the then Finance Minister over the issue of Group of Ministers (GoM) constituted by the erstwhile UPA government for clearances on coal allocation issues, an NGO has said in a PIL before the Supreme Court.
May 14, 2015, 23:23 PM IST
Essar to develop 3 berths at Vizag port for Rs 1,200 cr
The project will be developed at a cost of Rs 1,200 crore over a period of three years.
May 14, 2015, 15:25 PM IST
Aegis opens development centre in Malaysia; expands workforce
Essar Group's BPO arm Aegis has opened a new development centre in Malaysia, as it enhances its focus on emerging markets in Asia-Pacific.
Apr 23, 2015, 15:56 PM IST
Essar restarts ops at Hudhud-hit Vizag plant
Essar Steel's captive power plant at its pellet facility in Visakhapatnam, which had taken a battering from cyclone Hudhud last October, is back on its feet.
Apr 15, 2015, 18:08 PM IST
Essar Group of companies was controlling Loop: CBI to court
Grover told Special CBI Judge O P Saini that the materials collected by the agency during its probe corroborated that the Essar Group of companies had provided the funds for the entire transactions relating to the case.
Apr 06, 2015, 20:25 PM IST
Essar Oil's CBM block production rises to 0.5 mmscmd
Essar Oil said it has built a high quality infrastructure gas conditioning and compression stations, in-field pipelines of 120 kms and last mile pipeline connectivity network to end users of about 60 kms.
Apr 06, 2015, 15:45 PM IST
Essar Oil becomes India's largest CBM gas producer
Indian oil and gas producer Essar Oil on Monday said it has become India`s largest coalbed methane (CBM) gas producer as its gas unit in Raniganj in West Bengal crossed production of 5 lakh standard cubic metres per day (scmd) recently.
Apr 06, 2015, 15:36 PM IST
Essar Group "used" Loop Telecom to acquire 2G licences: CBI
Loop Telecom Ltd (LTL) was "used" by Essar Group of companies to acquire 2G spectrum licences by "circumventing" the procedures, the CBI on Wednesday argued before a special court.
Apr 01, 2015, 17:56 PM IST
Zero tolerance policy towards illegal acts: Essar
Days after one of its employees was arrested in the corporate espionage case, Essar Oil Wednesday said it is a law abiding corporate and had not authorised anybody to access stolen oil ministry documents.
Feb 25, 2015, 22:30 PM IST
Essar completely exits telecom biz after monetising $6 bn
By selling off yuMobile in Kenya to Bharti Airtel and local operator Safaricom, Essar Thursday marked its exit from telecom business globally and completed monetisation in the segment for USD 6 billion.
Jan 15, 2015, 17:21 PM IST
Additional spectrum case: Court to hear matter on January 28
The special 2G court on Monday fixed January 28 for hearing the additional spectrum allocation scam case of 2002 after it was informed that the Supreme Court has quashed the order summoning Bharti Cellular Ltd CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia as accused.
Jan 12, 2015, 17:05 PM IST
