Essar Group general counsel (GC) Hemant Kumar has resigned to Larsen &Toubro as its group general counsel, reported the Economic Times:

In a huge setback to corporate honcho Anshuman S Ruia and Ravi S Ruia and their company Essar Teleholding, the Supreme Court today upheld their trial by the Special CBI court trying 2G scam cases, rejecting their plea that they should instead be tried by a magisterial court.

Essar Steel India has filed a Rs 250 crore defamation suit in the Ahmedabad city civil court against Delhi-headquartered magazine Caravan, its publisher Delhi Press, several of its editors and staff reporter Krishn Kaushik.

Documents leaked to the Indian Express revealed that the Essar Group allegedly regularly identified and treated important politicians to luxury yacht trips with the company’s promoters, perks and gifts, while also allegedly earmarking jobs at Essar for referrals coming via VIPs. Several politicians ...