Tuesday July 22, 2014
The jailed chairman of conglomerate Sahara, Subrata Roy, could be allowed to take part in talks over group asset sales to repay investors sold bonds that were later ruled to be illegal, the company said after he was again denied bail on Tuesday.
Tuesday July 22, 2014
The Supreme Court on Tuesday refused to grant bail to Sahara Group chief Subrata Roy, who has been held in Delhi's Tihar Jail since March 4. The top court said, "negotiations for selling properties in India can be done during the day and court will f...
Press Trust of India | Saturday July 19, 2014
While Nico Hulkenberg was the ninth quickest, teammate Sergio Perez finished with the tenth fastest time in the qualifying session of the German Grand Prix.
Thursday July 3, 2014
A bench headed by Justice T S Thakur, however, raised apprehension on Sahara selling international properties and asked the company to first dispose of its assets which are in the country.
Thursday July 3, 2014
The demand is for the last three years.
Tuesday July 1, 2014
The Sahara group on Monday filed an affidavit in the Supreme Court stating that it has deposited Rs 3,117 crore so far with the Securities and Exchange Board of India (Sebi).
Friday June 6, 2014
In a bid to arrange money for imprisoned Sahara India chief Subrata Roy's release, the group has sold approximately 4.21 lakh square metres of land belonging to its residential scheme 'Sahara City' in Ahmedabad to city-based developers for a sum of R...
India | Press Trust of India | Tuesday June 3, 2014
The Supreme Court is likely to pronounce its verdict on Wednesday, regarding a plea of jailed Sahara Group chief Subrata Roy seeking modification of an earlier order asking him to pay Rs 5,000 crore in cash besides a bank guarantee of an equivalent a...
India | A Vaidyanathan | Monday May 19, 2014
The Supreme Court today told the unlisted Sahara conglomerate that it can sell one of the premium properties it owns to furnish the Rs 10,000 crore that is needed to pay bail for its jailed chief, Subrata Roy.
A Vaidyanathan | Monday May 19, 2014
Sahara said it is willing to sell hotels located in New York and London to raise the amount needed to secure the release of its chairman, who was arrested in February 28.
India | Edited by Surabhi Malik | Thursday May 15, 2014
A new set of Supreme Court judges are being assigned to hear the high-profile Sahara case, according to the Press Trust of India. One of the two judges hearing the case is retiring. The other wrote to the Chief Justice of India offering to opt out of...
India | Press Trust of India | Tuesday May 6, 2014
The Supreme Court is likely to deliver its verdict on Sahara Chief Subrata Roy's petition on Tuesday, challenging its decision to send him to jail for not complying with its order to deposit around Rs. 20,000 crore of investors' money with the Securi...
Press Trust of India | Saturday April 12, 2014
Fraser Castellino, the new COO of Kings XI Punjab was instrumental in setting up the Sahara Group's polo and other non-cricketing ventures.
Agence France-Presse | Monday April 7, 2014
Force India's Sergio Perez held off the challenge from Red Bull's Daniel Ricciardo and finished the 57-lap race on Sunday in third place, just 0.422 seconds ahead of the Australian.
Press Trust of India | Monday April 7, 2014
Starting fifth on the grid, Sergio Perez withstood tremendous pressure from Red Bull's Daniel Ricciardo towards the end of the race to claim the third spot, a huge 24.067 seconds off the winner's time, to give Sahara Force India just their second ...
Press Trust of India | Thursday April 3, 2014
Force India had a fifth place finish in the Malaysian Grand Prix thanks to Nico Hulkenberg who has scored 18 points in the new season while teammate Sergio Perez has just one point.
Monday March 31, 2014
Under pressure from a long-running investor refund battle with market regulator Securities and Exchange Board of India (Sebi), the Sahara group has informed its staff that their salaries may get delayed due to the prevailing adverse situation, accord...
India | Agence France-Presse | Sunday March 30, 2014
India's Sahara group said on Saturday its employees were helping to raise Rs 10,000 crore in bail money to free the financial giant's chief Subrata Roy from prison.
India | Press Trust of India | Friday March 28, 2014
In a fresh dramatic twist to the Sebi-Sahara saga, an innovative idea was today floated for collection of at least Rs 1 lakh each from Sahara employees and 'well-wishers' to garner at least Rs 5,000 crore and secure group chief Subrata Roy's release ...
Thursday March 27, 2014
Sahara chief Subrata Roy granted bail on Wednesday after 22 days in jail, but the Supreme Court has ruled that he has to first deposit Rs 10,000 crore with market regulator Securities and Exchange Board of India, half of it in cash.