Sahara

UN chief regrets Morocco ''misunderstanding'' over Western Sahara remark

UN Secretary-General Ban Ki-moon regrets a "misunderstanding" over his use of the word "occupation" to describe Morocco`s annexation of Western Sahara, which led to Morocco expelling dozens of United Nations staff, his spokesman said on Monday.

Mar 29, 2016, 03:25 AM IST

Sahara chief Subrata Roy's book from Tihar tops chart, then slips

As the embattled Sahara chief Subrata Roy completes two years in prison, there is something he can cheer about. Roy`s book "Life Mantras", which hit the stands last month, has been rated a bestseller in the non-fiction category by Nielsen Bookscan, a data provider for the publishing industry.

 

Mar 14, 2016, 13:51 PM IST

ED to monitor investors in Sahara

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Jan 07, 2016, 16:06 PM IST

European corporate offers $5 billion 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 USD five billion to bail out the group's jailed chief Subrata Roy.

Sep 28, 2015, 19:51 PM IST

US court rejects plea for attachment of Sahara hotels

In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels here.

Sep 16, 2015, 13:57 PM IST

RBI cancels Sahara India's para-banking license

The notice cancelling its license to conduction financial business has been sent to the Kapurthala head quarter of the Sahara India.

Sep 08, 2015, 13:57 PM IST

Fresh trouble for Sahara Group; SC seeks reply on I-T return notice

In what could spell fresh trouble for Sahara chief Subrata Roy, the Supreme Court has asked the company to reply to the notice sent by Income Tax department.

Sep 04, 2015, 14:02 PM IST

Two foreign firms move SC to buy Sahara's overseas hotels

Two private firms on Friday moved the Supreme Court expressing their willingness to buy Sahara Group's three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels, which will help raise money for release of Subrata Roy from jail.

Aug 14, 2015, 22:29 PM IST

Sebi cancels registration of Sahara Mutual Fund

The Securities and Exchange Board of India (Sebi) on Tuesday cancelled registration of Sahara Mutual Fund and ordered transfer of business to a new fund house.

Jul 28, 2015, 19:06 PM IST

In Sahara case, 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".

Jul 19, 2015, 14:54 PM IST

Sahara asks US court to reject attachment plea for hotels

Slapped with a USD 350 million 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".

Jul 12, 2015, 15:46 PM IST

Supreme Court verdict on Sahara chief Subrata Roy likely today

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.

Jun 19, 2015, 07:45 AM IST

Sahara enters fray for its own Grosvenor hotel!

In an interesting turn of events, crisis-hit Sahara has entered the fray for buying its own Grosvenor House hotel, which was put on sale by its lender Bank of China after a 'technical default'.

May 27, 2015, 14:07 PM IST

Sahara chief Subrata Roy to be released on bail today?

Last week Sahara Group had informed the SC that it was ready to comply with the court's order of paying Rs 10,000 crore for Roy's bail including a bank guarantee of Rs 5000 crore.

May 14, 2015, 09:09 AM IST

Sahara Group agrees to pay Rs 10,000 crore to ensure Subrata Roy`s bail

The apex court on August 31, 2012 had said the group was required to refund Rs 24,000 crore with 15 percent interest in three months to the depositors.

May 08, 2015, 19:02 PM IST

Sahara supports Sebi's claim to bring $13-mn to refund account

Sahara has supported the regulator's claim before a US court to bring back nearly USD 13 million from sale proceeds of a business jet of the crisis-hit group.

Apr 13, 2015, 10:47 AM IST

HC stays warrant for Subrata Roy's appearance in IT case

The court also issued notice to the income tax department seeking their response before the next date of hearing.

Apr 10, 2015, 13:09 PM IST

Delhi HC stays warrant against Subrata Roy's in IT case

The Delhi High Court on Friday stayed warrant issued by trial court against Sahara chief Subrata Roy, company's three directors for appearance in an Income Tax case.

Apr 10, 2015, 12:03 PM IST

Sebi struggles to shield savers from more Saharas

As regulators try to contain one of India`s most spectacular investment scandals, dozens of smaller but similar schemes continue to mushroom.

Apr 09, 2015, 09:18 AM IST

Court issues warrant for Subrata Roy's appearance in IT case

A Delhi court on Tuesday issued warrant for the appearance of Sahara Chief Subrata Roy, now lodged in Tihar Jail, in an Income Tax case in which he has been accused of not filing returns for a group company for the 2013-14 assessment year.

Mar 24, 2015, 19:20 PM IST