According to Forbes, Essar Steel Minnesota went into Chapter 11 bankruptcy on Friday as the State of Minnesota withdrew the state licences for the taconite the company was preparing to mine. It might seem a little odd that an Indian owned mine in Minnesota will go out of business as a result of the Chinese steel industry slowing down but that [&hel
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Bharti and Vodafone offices raided as part of Indian spectrum favouritism probe
India’s Central Bureau of Investigation (CBI) raided the premises of local operators Bharti Airtel and Vodafone Essar over the weekend as part of a widening probe into alleged irregularities in spectrum allocation made under previous governments. Reuters reports that the CBI has registered cases against the two operators and two former telecoms min
2G scam: CBI quizzes Essar Group CEO Prashant Ruia
Continuing with its probe into the 2G scam, the CBI today questioned Essar Group CEO Prashant Ruia in connection with the alleged role of the company in conniving with Loop Telecom to get licences in an illegal manner in 21 circles in January 2008. His questioning comes a day after ADAG Chairman Anil Ambani was […]