'Sahara India' - 491 News Result(s)

  • Force India Co-Owners Sahara Seek to Sell Stake in Team

    Force India Co-Owners Sahara Seek to Sell Stake in Team

    Sahara is seeking to sell its stake in the Formula One team Force India as part of efforts to raise cash and free jailed founder Subrata Roy.

  • Sahara Says in Talks to Sell Grosvenor House to Qatar

    Sahara Says in Talks to Sell Grosvenor House to Qatar

    Embattled Sahara Group on Tuesday came up with a fresh proposal before the Supreme Court for the sale of its assets, including three overseas hotels - Grosvenor House Hotel in London, the New York Plaza and Dream New York - to raise the amount for the release of its jailed chief Subrata Roy.

  • Sahara Comes Up With Fresh Proposal To Secure Chief's Release

    Sahara Comes Up With Fresh Proposal To Secure Chief's Release

    Embattled Sahara Group today came up with a fresh proposal before the Supreme Court for the sale of its assets to raise the amount for the release of its jailed chief Subrata Roy.

  • Jail Life Painful But I Am Stress Free: Sahara's Subrata Roy

    Jail Life Painful But I Am Stress Free: Sahara's Subrata Roy

    In jail for almost two years now, embattled Sahara group chief Subrata Roy says being confined to a prison cell with only basic amenities came as a "rude shock" and he has often wondered what "wrong" he has done.

  • Jehan Daruvala Bags His 2nd Consecutive Win in Toyota Racing Series

    Jehan Daruvala Bags His 2nd Consecutive Win in Toyota Racing Series

    Earlier this week, we had informed about the victory of Sahara Force India Academy Racer, Jehan Daruvala, who claimed his maiden win in the Toyota Racing Series. Even though Jehan's initial performance was off the pace, he soon bucked up and won the feature race - The Lady Wigram Trophy - last weekend. Continuing his winning spree, this weekend Jeh...

  • Jehan Daruvala Bags His First Formula Car Win in New Zealand

    Jehan Daruvala Bags His First Formula Car Win in New Zealand

    Sahara Force India Academy racer, Jehan Daruvala, has bagged his maiden Formula Car victory at Lady Wigram Trophy in New Zealand.

  • Sebi Says Rs 42 Crore Refunded to Sahara Investors

    Sebi Says Rs 42 Crore Refunded to Sahara Investors

    In the high-profile Sahara case, markets regulator Sebi has disclosed having refunded over Rs 42 crore to the bondholders of the two Sahara firms while discrepancies were found in nearly 3,000 refund applications.

  • Sebi Seeks Vendor for Storage, Web Access to 20 Crore Sahara Docs

    Sebi Seeks Vendor for Storage, Web Access to 20 Crore Sahara Docs

    In the high-profile Sahara case, the Securities and Exchange Board of India (Sebi) is looking for a server hosting vendor for the mammoth task of providing electronic data storage and web access services for a database of 20 crore scanned pages.

  • Force India's Partnership With Sahara Still Strong, Despite The Latter's Financial Troubles: Vijay Mallya

    Force India's Partnership With Sahara Still Strong, Despite The Latter's Financial Troubles: Vijay Mallya

    Force India co-owner Vijay Mallya said that the partnership with Sahara Group is still going strong despite its chairman being in jail since March, 2014

  • Sahara India Retain Lucknow Franchise in Indian Badminton League

    Sahara India Retain Lucknow Franchise in Indian Badminton League

    Indian Badminton League is being organised this year, after a gap of two seasons.

  • European Corporate Offers Rs 5,000 Crore to Bail Out Sahara

    European Corporate Offers Rs 5,000 Crore to Bail Out Sahara

    The Supreme Court on Monday sought a response from the beleaguered Sahara Group as to why a receiver be not appointed to dispose of their properties to arrange Rs 36,000 crore paying its investors even as an European corporate offered to lend 720 million euros (Rs 5,000 crore) to bail out the group's jailed chief Subrata Roy.

  • Sahara's Plaza Top Ranked Hotel for Super Rich: Survey

    Sahara's Plaza Top Ranked Hotel for Super Rich: Survey

    The iconic Plaza Hotel of New York, owned by crisis-ridden Sahara group, has been rated as the top most hotel by the super rich of the world, according to a new survey.

  • Sahara Welcomes Court Order on US Hotels

    Sahara Welcomes Court Order on US Hotels

    The Supreme Court of the State of New York has rejected a plea by Hong Kong-based JTS Trading Ltd that had sought attachment of Sahara's prized hotels Plaza and Dream Downtown in the US as part of a lawsuit over a deal that went sour.

  • US Court Rejects Plea for Attachment of Sahara Hotels

    US Court Rejects Plea for Attachment of Sahara Hotels

    Hong Kong-based JTS Trading had approached the court seeking the attachment as part of its $350-million lawsuit against UAE-based Trinity White City Ventures, Sahara group and Swiss banking giant UBS over a deal that went sour.

  • RBI Cancels Registration Certificate of Sahara India Financial Corporation

    RBI Cancels Registration Certificate of Sahara India Financial Corporation

    The Reserve Bank of India (RBI) on Monday cancelled the certificate of registration of Sahara India Financial Corporation under the RBI Act.

  • JetLite to Merge With Parent Carrier Jet Airways

    JetLite to Merge With Parent Carrier Jet Airways

    The merger approval by the board is subject to compliance with all applicable laws and regulations and the receipt of all corporate, regulatory, governmental, judicial approvals and third party consents, Jet Airways said.

  • Supreme Court to Consider Auctioning Off Sahara Properties

    Supreme Court to Consider Auctioning Off Sahara Properties

    The Supreme Court on Monday asked the Securities and Exchange Board of India (Sebi) to submit an application by September 14 seeking its approval to appoint a receiver to auction conglomerate Sahara's assets and refund investors in the troubled group's illegal bonds.

  • Sahara Mutual Fund's Registration Cancelled by Market Regulator

    Sahara Mutual Fund's Registration Cancelled by Market Regulator

    Sahara group has been engaged in a long-running regulatory and legal battle with Sebi ever since the regulator ordered refund of a massive amount of over Rs 24,000 crore by two Sahara entities. Recently, Sebi had also cancelled the Portfolio Management licence of a Sahara firm.

  • In Sahara Case, Warren Buffett and Bernie Madoff Are Examples

    In Sahara Case, Warren Buffett and Bernie Madoff Are Examples

    Sahara, on its part, has told court that it has been wrongly dragged into the dispute between two entities over "a potential business relationship gone sour".

  • Sahara Wants US Court to Reject Attachment Plea for Plaza and Dream Downtown Hotels

    Sahara Wants US Court to Reject Attachment Plea for Plaza and Dream Downtown Hotels

    Slapped with a $350 million lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court in New York that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour".

  • Sahara Asks US Court to Reject Attachment Plea for Hotels

    Sahara Asks US Court to Reject Attachment Plea for Hotels

    Slapped with a $350-million (Rs 2,200 crore) lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court here that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour".

  • Supreme Court Verdict on Sahara Chief Subrata Roy Likely on Friday

    Supreme Court Verdict on Sahara Chief Subrata Roy Likely on Friday

    The Supreme Court is likely to pronounce, on Friday, the verdict that will decide the fate of Sahara chief Subrata Roy and two group directors who are in jail since March 4 last year for not complying with the court's order to return investors' Rs.24,000 crores that two group companies SIRECL and SHFCL had collected in 2007-08.

  • Court Extends Stay of Proceedings Against Sahara Chief in Tax Case

    Court Extends Stay of Proceedings Against Sahara Chief in Tax Case

    The Delhi High Court on Monday extended till July 2 trial court proceedings against Sahara chief Subrata Roy, now lodged in Tihar Jail, in an income tax case for allegedly not filing returns for a group company for assessment year 2013-14.

  • Sebi Makes Fresh Bid to Find Sahara Investors for Refunds

    Sebi Makes Fresh Bid to Find Sahara Investors for Refunds

    Making a fresh bid to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments.

  • 'Walk The Talk', With Harish Salve: Full Transcript

    'Walk The Talk', With Harish Salve: Full Transcript

    In this episode, Shekhar Gupta, is joined by a luminary of the Indian judiciary, Harish Salve - former Solicitor General of India and a prominent lawyer. Here is the full transcript of the interview.

  • 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 diverted them to pay depositors to the tune of Rs 484 crore without the court's nod.

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