news years: 2026

ET Maharashtra Business Summit & Awards 2026, hosted by The Economic Times, brought together policymakers, industry leaders, global investors, and members of the diplomatic community on April 23–24 at Taj Lands End, Mumbai. Essar partnered with the summit as an ‘in association’ partner, reinforcing its longstanding commitment to Maharashtra as a key investment and growth […]

Prashant Ruia outlines Essar’s approach through global expansion, disciplined investments, and strength across its core sectors, alongside fast-scaling new businesses. Interview Transcript Ankur Mishra, ET Now– Essar Group has gone through major transformations, especially in past decades, and is ready for the next phase of growth. And to discuss the strategy further, I have with […]

Digital fresh food and clean-label FMCG brand Pluckk will channel its latest ₹100 crore fundraise into research and development, artificial intelligence, and distribution expansion, as it targets EBITDA positivity within the next 12 months, Co-Founder and CEO Pratik Gupta said in an interview with CNBC-TV18. Gupta described the capital raise as “a very important milestone,” […]

Pluckk, a D2C farm-produce platform, has raised Rs 100 crore ($10.8 million) from existing investor Euro Gulf Investment in an all-equity round. This brings the firm’s total funding to $26 million. The company plans to use the capital for research and development of a new product range, to enhance its technology, and to expand its […]

“The decision to maintain the status quo on rates was largely in line with expectations and signals the RBI’s continued effort to balance growth with inflation control. With the central bank also focused on preventing excessive weakness in the rupee amid global volatility, the move highlights a preference for macroeconomic stability and regulated policy action. […]

Latest financing builds on recent capital momentum for structurally important American iron ore project [NASHWAUK, MN] – Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, today announced that it has secured $150 million of financing from Macquarie Group, supporting the Q3 2026 startup of its world-scale Direct Reduction (DR) grade iron ore mine […]

Financing supports U.S. critical mineral security and helps reshore the American steel supply chain [NASHWAUK, MN] – Mesabi Metallics Company LLC (Mesabi Metallics), backed by the Essar Group, today announced that it has entered into a new $520 million senior secured credit facility with Valor Mining Credit Partners II, L.P. (VMP II), a dedicated mining […]

Mumbai, March 30, 2026: Black Box Limited (BSE: 500463 | NSE: BBOX), a leading global digital infrastructure solutions provider, today announced the successful receipt of ₹386.36 crore pursuant to the conversion of warrants issued on September 27, 2024. The Company has converted 92,65,215 warrants into equity shares at an issue price of ₹417 per share. […]

Essar is set to deploy 10,000 LNG and electric trucks across India over the next three years, supported by a network of 100 alternative fuel and charging hubs, as it scales up clean freight operations to reduce approximately one million tonnes of carbon emissions and decarbonise India’s entire freight value chain. By integrating vehicle manufacturing, […]

For this edition of the India Business Briefing Q&A, I (Veena Venugopal) spoke with Prashant Ruia, director of Essar Capital. Until around the 2010s, the 56-year-old Essar Group was one of India’s largest conglomerates, with significant stakes in everything from ports to steel to telecoms. But the heavy investments in capital-intensive sectors, and some unfavourable […]