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Thursday, November 13, 2025
TopicEssar Group’

Topic: Essar Group’

‘Colossal figure of industry:’ Modi tribute to Essar Group chairman Shashikant Ruia on his death

ANI -
Ruia, patriarch of the Ruia and Essar family died on 25 November in Mumbai at 81. He founded the Essar in 1969.

Lakshmi Mittal accuses fellow steel tycoons of hiding funds through sham transactions

Jonathan Browning -
Lakshmi Mittal has been engaged in a year long battle to acquire a $5.9 billion insolvent steelmaker owned by the Ruia's Essar Group.

Essar Steel may not even be bankrupt by the time bidding for it ends

Andy Mukherjee -
If Numetal decides to pay for Essar’s defaults, bidding to resolve the high-profile bankruptcy will be one where the firm isn’t even bankrupt anymore.

On Camera

YourTurn

Opinion

Trump stoked the Epstein scandal. It’s come back to bite him

Bloomberg Opinion -
The disgraced financier also seemed to allege in documents that Trump kept company for hours with one of Epstein’s victims.

India’s much-maligned intelligence agencies are our only hope against terror attacks

TV reporters wandered through Delhi blast debris like a Sunday market. ‘Oh, there’s a hand’

Economy

Wealth nears $99 trillion, still Asia’s rich don’t have succession plans

Bloomberg News -
Much of this wealth is tied to founder-led businesses that employ millions and help anchor regional economies.

Defence

Turkey blocks transport of Apache choppers to India through its airspace, new route being worked out

Snehesh Alex Philip -
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.

National Interest

Bihar is where politics moves, and everything else stands still

Shekhar Gupta -
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.

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