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Indian billionaire and Essar Group co-founder Shashi Ruia passes away at 81
Shashi Ruia, who co-founded the Essar Group along with his brother Ravi Ruia, is credited for expanding the company's global footprint
Essar to further cut down debt by 70% in last leg of deleveraging exercise
From Rs 1.83 trillion of debt in FY17, the group brought down the debt by a staggering Rs 1.40 trillion over the last three years
SC rejects plea of Ravi Ruia to go abroad
The bench said the final arguments in the case was over and judgement is awaited, and in such a scenario, it cannot allow Ruia to go abroad