Tuesday August 26, 2014
The Securities and Exchange Board of India (Sebi) on Monday asked the states to enact laws to ensure depositors' interests are safeguarded.
Sunday August 24, 2014
Those having invested in various bonds issued by two Sahara firms, Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) have been asked by Sebi to submit their refund applications along with necessary documentary ...
Tuesday August 19, 2014
The Journal's website edition reported on Saturday, citing people familiar with the situation, that an investment firm affiliated with Brunei had offered to pay $2 billion for the three hotels, which are currently owned by India's Sahara conglomerate...
India | Reuters | Monday August 18, 2014
The Sultan of Brunei has made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel, the Wall Street Journal's website edition reported on Saturday, citing people familiar with the situation.
Thursday August 14, 2014
Mr Roy was jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog Sebi (Securities and Exchange Board of India) over the company's failure to repay crores to investors who were so...
Sunday August 10, 2014
It's hardly a $30,000 (Rs 18.3 lakh at 1 dollar = 61 rupees) per night royal suite, but after five months in India's biggest jail, the owner of the New York Plaza and London's Grosvenor House is thrilled to be able to use a modest office as he tries ...
Friday August 1, 2014
Roy, head of the Sahara conglomerate, was jailed on March 4 for failing to appear in court in a legal battle with India's capital market's watchdog. He needs to raise Rs 10,000 crore to have a chance of release.
India | A Vaidyanathan | Friday August 1, 2014
The Supreme Court has allowed Subrata Roy, the chief of the Sahara group of companies, to stay in and use the conference room at Delhi's Tihar Jail for 10 days while he negotiates the sale of his properties, including three hotels overseas.
Thursday July 24, 2014
The Insurance Regulatory and Development Authority (Irda) has imposed a penalty of Rs 5 lakh on Sahara India Life Insurance Company Ltd for non-compliance of social sector obligations in 2012-13.
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...