Nayara Energy, formerly Essar Oil that was acquired by Russia's Rosneft, is seeking stay on an RBI order imposing penalty for Fema violations
2 min read4 Jan 2019The deal with Rosneft includes the refinery as well as the Vadinar port and more than 2,000 retail gas stations; Essar aims to sign the final agreement in the next two weeks
1 min read7 Oct 2016Essar is facing pressure from creditors to reduce borrowing that some analysts estimate at more than $14 billion
2 min read1 Jul 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared