The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The entry of the deep-pocketed conglomerate is expected to heighten competition.
The deal will provide Suzlon with much needed liquidity.
The group also plans to commission 500 MW of solar power projects
Prime Minister Narendra Modi was elected last year on hopes he would revive a languishing economy.
NRIs are increasingly buying properties in India online.
Investors from across the globe are keen to invest in Gujarat.
SpiceJet is having tough times due to a huge financial crunch.
Troubled carrier SpiceJet has paid employees' salaries for November and cleared dues of fuel companies as well.
JP Morgan may buy stake in debt -laden SpiceJet
Fierce competition among airline firms has long limited price increases despite crippling operating costs
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Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan
Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.
The RBI expects inflation in 2015 to hover around 6 per cent -- its target for January 2016 -- and sees risks to the target evenly balanced.
India's antitrust regulator has approved Sun-Ranbaxy deal, subject to the companies divesting seven products.
It has been a difficult year for Singh, whose fate from the start has been closely tied to that of the Gandhi family.
Weak monsoon rains could have a negative impact on India's automobile sector which is seeing early signs of improvement with the sale of passenger cars and utility vehicles rising in May.
The biggest private sector lender, are swarming the market with discounts and special offers
It was put on hold in 2008 after the global financial crisis.
DLF, which builds homes, offices and shopping malls, has lost about 61 per cent of its value since listing on the stock exchange in 2007, underperforming the wider market.
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