Spanish bank denies credit line to bail Sahara boss.
However much one underplays the meeting between India and Pakistan's top leaders, it can never be undervalued, reports Sheela Bhatt.
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 top court last week gave Sahara a final chance to raise funds.
Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
India needs 1.4 million hotel beds a night but has only 2.4 lakh, points out Rahul Pandit, MD and CEO of Ginger Hotels.
Just for a moment, says Kamaraj Gopalan, consider the possibility: Dawood Ibrahim captured a few days before the next general election. It would be Dr Singh and the Congress's Osama moment. What answer could Narendra Modi possibly have to that?
'At the end of the interview, as he walked with us to the elevator, he looked at me and said, "Do you think it was my karma that I should have made this film?"' Arthur J Pais/Rediff.com recalls his encounter with Richard Attenborough.
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.
They gave voices to sexual assault & harassment survivors across the world.
Author Ashwin Sanghi says it is possible to 'attract' good luck! Here's how!
Sahara relied on a letter from bank saying the funds were there.
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