Essar Group Current Affairs, GK & News

ArcelorMittal’s takeover of Essar cleared by apex court

On 15 Nov, the three judge bench of the Supreme Court has accepted world’s largest steelmaker, Arcelor Mittal’s offer to pay an aggregate Rs 42,000 crore as an upfront amount to the secured financial creditors of bankrupt Essar Steel.  This creates a path  for Arcelor Mittal to take over Essar and enter the world’s second ..

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Piramal acquires 5.5% in Vodafone

Recently, Ajay Piramal of Piramal Healthcare has purchased 5.5% stake in India’s third largest mobile service provider Vodafone Essar for Rs 2900 crore, or $640 million. Piramal Healthcare struck the deal at a discount valuing British telecom giant Vodafone’s India unit at Rs 52,000 crore ($11.6 billion). With this, Vodafone has now complied with regulations ..

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Current Affairs : August 5, 2011

NASA discovers First Evidence of Water on Mars NASA Scientists claimed to have discovered the first substantiation of flowing water on Mars Evidence collected by the Mars Reconnaissance Orbiter the first discovery of active liquid water in the ground on the red planet The orbiter circling Mars since 2006, monitored several instances of what seemed ..

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Current Affairs : July 2, 2011

Vodafone to pay $ 400 million more to Essar to buy 33% stake in the joint venture Vodafone-Essar Vodafone: UK-based Essar: Indian Partner for Vodafone Vodafone to pay $ 400 million more to Essar in order to buy 33% stake in the joint venture Vodafone-Essar Vodafone’s holding in the venture would increase to 75.35% Vodafone ..

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Current Affairs March 27, 2010

Appointments / Elections:Chairman INTACH: Maj Gen (Retd) L K GuptaThe Indian National Trust For Art and Cultural Heritage (INTACH) is a nationwide, non-profit membership organization. INTACH was set up in 1984 to protect and conserve India’s vast natural and cultural heritage. Maj Gen (Retd) L K Gupta gets elected as Chairman of the INTACH. Manipur ..

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