You are here:News Home» Topic» Sahara India»
submit to reddit

'Sahara India' - 464 News Result(s)

  • Sebi Moves US Court With $12 Million Claim on Sahara Jet Sale

    Sebi Moves US Court With $12 Million Claim on Sahara Jet Sale

    In a new twist to the high profile Sahara-Securities and Exchange Board of India case, the Indian capital market regulator has approached a US court with a $12-million claim on proceeds from sale of a corporate jet owned by a Sahara group firm.

  • Rescue Plan for Sahara in Doubt as Spanish Bank BBVA Denies Loan

    Rescue Plan for Sahara in Doubt as Spanish Bank BBVA Denies Loan

    A rescue plan for Sahara was thrown into disarray on Wednesday when Spanish bank BBVA SA denied offering a credit line to the bank, scuppering the conglomerate's claims it would use it to help secure bail for its jailed boss.

  • Mulling Loan Refinancing to Regain Hotel Control: Sahara

    Mulling Loan Refinancing to Regain Hotel Control: Sahara

    Facing a possible sale of its Grosvenor House hotel in London by lenders, Sahara on Tuesday said it is working on a refinancing transaction to repay the loans to Bank of China and regain control of the iconic property.

  • Some Staff Say Sahara Hasn't Paid Salaries for Months: Report

    Some Staff Say Sahara Hasn't Paid Salaries for Months: Report

    Sahara's long-drawn dispute with the Securities and Exchange Board of India (Sebi) over investor repayments has begun to take its toll on salaries of the group's employees, which are getting delayed amid a major liquidity crunch.

  • More Trouble for Sahara, Court Fiat on Diversion of Funds

    More Trouble for Sahara, Court Fiat on Diversion of Funds

    Facing tough times in its attempt to get its chief Subrata Roy out of jail, Sahara Group on Tuesday landed in a soup again as the Supreme Court asked it to explain how it encashed securities, deposited with the Reserve Bank of India (RBI), and divert...

  • Sahara Chief Fails to Get Early Hearing on Special Jail Facilities

    Sahara Chief Fails to Get Early Hearing on Special Jail Facilities

    Mr Roy's application filed early this week for extension of facilities by four to six weeks did not come up for hearing and an effort to get relief today from a bench headed by Justice T S Thakur failed.

  • Sahara Chief Seeks More Time To Raise Bail Money

    Sahara Chief Seeks More Time To Raise Bail Money

    The bail of $1.6 billion, the largest ever set in India, reflects the scale of the illegal bond scheme. The court has said investors need to be repaid as much as $7 billion, including accrued interest.

  • RBI Moves Top Court to Stop Sahara from Selling Assets

    RBI Moves Top Court to Stop Sahara from Selling Assets

    In an application, the Reserve Bank of India (RBI), sought modification of the order allowing Sahara Group to sell its assets for generating funds.

  • Sebi Questions Ownership of Sahara Properties: Report

    Sebi Questions Ownership of Sahara Properties: Report

    A senior official and a separate source with direct knowledge of the situation said the market regulator has been checking an affidavit filed by Sahara detailing property assets, as time runs out for the group to post $1.6 billion in bail to free its...

  • Pune, Chennai Return as Hosts for Indian Premier League Matches

    Pune, Chennai Return as Hosts for Indian Premier League Matches

    Last year Pune did not host any IPL game at the new stadium on its outskirts after the scrapping of the city's franchise outfit Sahara Pune Warriors by the BCCI.

  • Sebi Lowers Sahara Case Expense Estimates to Rs 26 Crore

    Sebi Lowers Sahara Case Expense Estimates to Rs 26 Crore

    As per the court orders, Saharas were asked to bear the costs incurred by Sebi in identifying the investors and repayment of refunds to them, which has been an uphill task for the capital markets watchdog.

  • Sahara Allowed to Raise Loan for Chief's Bail

    Sahara Allowed to Raise Loan for Chief's Bail

    The Supreme Court has cleared the way for embattled conglomerate Sahara to raise $1.05 billion in fresh loans backed by its overseas hotels, helping the group to fund the bail it needs to release its jailed boss.

  • Sahara Allowed to Raise Loan for Subrata Roy's Bail

    Sahara Allowed to Raise Loan for Subrata Roy's Bail

    The Supreme Court has set conditions on the fund raising, however, and on Friday asked Sahara to obtain necessary approvals from the Reserve Bank of India and other authorities to comply with foreign exchange rules.

  • Sahara Case: Money From Abroad Only After RBI Accord, Says Court

    Sahara Case: Money From Abroad Only After RBI Accord, Says Court

    The Supreme Court on Wednesday said that the money likely to be arranged by the Sahara group from overseas to raise Rs 10,000 crore for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by the Res...

  • Sebi Makes Fresh Bid to Find Sahara Investors

    Sebi Makes Fresh Bid to Find Sahara Investors

    In a fresh effort to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked bondholders to submit their claims by next month along with necessary proof of their investments.

  • 'There Are Images of PM With Sahara Chief, Should We Arrest Him?' Mamata Banerjee Lashes Out

    'There Are Images of PM With Sahara Chief, Should We Arrest Him?' Mamata Banerjee Lashes Out

    Under pressure after the arrest of her key aide Madan Mitra in the Saradha scam, Trinamool Congress chief Mamata Banerjee today hit out directly at Prime Minister Narendra Modi. Arguing that an image of Madan Mitra with the man who ran Saradha should...

  • Sahara to Sell Mumbai, Jodhpur Land Parcels for Rs 1,251 Crore: Report

    Sahara to Sell Mumbai, Jodhpur Land Parcels for Rs 1,251 Crore: Report

    After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore.

  • M3M Eyes Rs 12000 Crore Sales Revenue From Project on Sahara Land

    M3M Eyes Rs 12000 Crore Sales Revenue From Project on Sahara Land

    Gurgaon-based company is also exploring the possibility of roping in international developers, financial institutions and private equity firms to develop this ambitious project, which could entail an investment of over Rs 4,000 crore.

  • Sahara Group Sells Rs 1,211 Crore Worth Gurgaon Land to M3M

    Sahara Group Sells Rs 1,211 Crore Worth Gurgaon Land to M3M

    The 185-acre land in Gurgaon, with 12 million square feet built-up area, would be used for 'mix-use development' and has sales revenue potential of Rs 12,000 crore, M3M India Ltd said on Thursday while announcing the deal.

  • Sahara Likely to Sell Rs 1,200-Crore Land to Realty Firm M3M: Report

    Sahara Likely to Sell Rs 1,200-Crore Land to Realty Firm M3M: Report

    Sahara group is believed to be selling a large land parcel for over Rs 1,200 crore in the outskirts of the national capital to Gurgaon-based realty firm M3M India Ltd.

  • Sahara Looks to Raise $650 Million Loan to Fund Bail

    Sahara Looks to Raise $650 Million Loan to Fund Bail

    The Sahara conglomerate on Friday said it aimed to raise $650 million (Rs 4,037 crore at 1 dollar = 61 rupees) in loans to secure the release of its chief, in jail for nearly nine months over the group's failure to refund billions of dollars to inves...

  • Income Tax Department Seizes Over Rs 135 Crore from Sahara Group: Report

    Income Tax Department Seizes Over Rs 135 Crore from Sahara Group: Report

    Sources said the department made one of its highest seizures which also includes jewellery worth Rs 1 crore.

  • Abu Dhabi Grand Prix: Double Points Finish for Sahara Force India at Season-Ending Race

    Abu Dhabi Grand Prix: Double Points Finish for Sahara Force India at Season-Ending Race

    With double points on offer in the season-ending race at the majestic Yas Marina Circuit, Force India collected 28 points to finish sixth in the Constructors championship with 155 points, 26 less than fifth-placed McLaren.

  • Income Tax Department Conducts Searches on Sahara Group in Delhi, NCR

    Income Tax Department Conducts Searches on Sahara Group in Delhi, NCR

    Sources said the searches were launched by the taxmen at at least three locations of the group, one in Delhi and two in the national capital region, as part of its "tax related demands" against the business group.

Advertisement
Advertisement