Even as Sebi probed, OFCD money moved across the globe, Aamby Valley (Mauritius) at centre of global transactions; All transactions legal, no Sebi bar on doing business: Sahara
Marketed as a retail venture, Q Shop has been endorsed by top cricketers like Dhoni and Tendulkar to promote Q-shop as a fight against adulteration.
SIHL has invested about Rs 25 lakhs (Rs 2.5 million) in establishing the present facility at its Lucknow township. The Lucknow laboratory has impact-testing machines, and is also equipped to test compression factor, stone and sand aggregate value, crushing value, and moisture content.
Hours after Jet Airways closed the deal to acquire Air Sahara, the Lucknow-based airline's president Alok Sharma quit his post but said he would continue to facilitate its smooth transition to 'Jetlite'.
The battle-lines are drawn. Both titans are flexing their muscles.
Sahara India Parivar on Thursday announced the launch of Sahara Global, a travel and tourism company, targeting a turnover of Rs 200 crore (Rs 2 billion) from services in inbound and outbound traffic and medical tourism in its first year.
The private carrier won the rights for sponsorship of the Indian cricket team for the next four years.
Rono J Dutta, former chief of the world's biggest carrier United Airlines, has taken over as president of Air Sahara in place of Uttam Kumar Bose.
Most of India knows Deep Sidhu as the man who planted the Sikh religious flag on Red Fort.
After a bitter split with sponsors Sahara, the BCCI on Saturday invited tenders for the sponsorship rights of the Indian team for all the Board, ICC and Asian Cricket Council events from January 2014 to March 2017.
As per some media reports, Hockey India has informed the International Hockey Federation (FIH) that there will be no HIL in 2018 because of financial concerns related to some franchises.
Sahara group, whose legal battle with Sebi continues in Supreme Court over refund of over Rs 20,000 crore (Rs 200 billion) to investors, has made a surprise announcement of plans being afoot to hire over 56,000 new employees this year along with investments to the tune of nearly Rs 32,400 crore (Rs 324 billion).
In the midst of its bloody battles with the Supreme Court and Sebi, Sahara group gets the Calcutta high court to issue a stay order on the publication of the book, Sahara: The Untold Story, by Tamal Bandyopadhyay.
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
'This is the only country where success seems to be viewed as a bad thing.' 'Other governments and countries go out of their way to protect a successful organisation. Here we find ways of destroying it.'
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