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The Sahara India Group on Wednesday renewed its ties with Indian hockey by signing a five-year deal to sponsor the national men's and women's teams.
The BCCI made it clear that rules would not be bent for any IPL franchise but it would still reach out to aggrieved sponsors and Pune Warriors owners Sahara India 'as soon as practicable to clarify its intentions.'
A bench of Justice G S Singhvi and K S Radhakrishnan also issued notice to Roy and his two employees, who were working with his news channel, seeking their response on why probe be not initiated against them.
The bench directed the companies to place before it their 2010-11 balance sheets and statements of accounts for November 2011 by January 8, the next date of hearing.
Terms it financial inclusion, says top execs not members.
The Supreme Court on Tuesday said that the Securities and Exchange Board of India was entitled to seek all necessary information from two Sahara group firms on how resources were being raised but refused to stay the companies' ongoing fund-mopping exercise.
Force India's co-owner Vijay Mallya has rubbished speculation that he is planning to sell his stake in the Formula One team to Sahara India.
In March, the Registrar of Companies, Uttar Pradesh and Uttarakhand, based in Kanpur, sent a notice to Sahara India Real Estate Corp for using a third party's bank accounts to receive funds from investors.
The regulator, in a public notice, said investors of Sahara India Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd should take investment decision at their own risk.
Bollywood actress Deepika Padukone presents India cricket captain Mahendra Singh Dhoni with the Team of the Year award at the Sahara India Sports Awards, in Mumbai, on Monday.
The new cricket stadium being built by the Maharashtra Cricket Association (MCA) on the outskirts of Pune is to be named after Subrata Roy Sahara, the Chairman and Managing Worker of the Sahara Group.
Chief metropolitan magistrate Vinod Yadav directed the Delhi Police to execute the warrant against Roy and four other company officials by February 9.
Justice Dhananjay Chandrachud, however, rejected the petition filed by Sahara claiming Rs 2,000 crore (Rs 20 billion) as the total sum for the take over instead of the renegotiated amount of Rs 1,450 crore (Rs 14.5 billion) agreed between Jet and Sahara.
Sebi's petition is likely to be taken up by the apex court tomorrow for consideration.
SC wanted to know how it encashed securities deposited with RBI.
The who's who of India's sports fraternity was present under one roof to acknowledge the contribution of those who did the country proud in their respective fields. Our correspondent Harish Kotian too was there at the second Sahara India Sports Awards function in Mumbai.
The who's who of India's sports fraternity was present under one roof to acknowledge the contribution of those who did the country proud in their respective fields. Our correspondent Harish Kotian too was there at the second Sahara India Sports Awards function in Mumbai.
Indian Premier League team Sahara Pune Warriors on Monday announced former Australian opener Geoff Marsh as their head coach while ex-England all-rounder Dermot Reeve will be the assistant coach.
"SIICL, which is one of the group companies belonging to Sahara group, as such cannot transact the business of non- banking financial institutions," RBI said on Friday.
The Queen's Baton might have traversed 170,000 Km across the globe without raising a speck of dust, but a barely 24 hour halt in Lucknow propelled the prestigious Commonwealth Games symbol into the thick of a controversy with none other than the Sahara India group in the eye of the storm.
Rajyavardhan Singh Rathore and Manavjit Singh are among the 15 shooters whose preparation for the 2012 London Olympic Games would be fuelled by the Sahara India Pariwar
The flight services would be operated by air services provider, Air One. "Flight operations would commence from tomorrow," Sahara India chairman Subrata Roy told reporters on Thursday.
Sahara India Pariwar has made a $2-billion bid to buy the debt of struggling Hollywood studio Metro-Goldwyn-Mayer (MGM) Inc.
Bollywood starlets stole the show at the recent Sahara India Sports Awards in Mumbai.
Besides Roy, two other directors, Ravi Shankar Dubey and Ashok Roy Choudhary, were also arrested for the failure of two group companies.
With no solution in sight to the payment dispute that has rocked Indian hockey, team sponsor Sahara on Wednesday sanctioned Rs one crore immediately, to be distributed only among the striking players in a bid to resolve the crisis.
The new IPL team of the Sahara India will be known as 'Sahara Pune Warriors' as the corporate house unveiled the name and logo of its franchise at a grand ceremony in Pune on Saturday.
As Sahara India chief Subrata Roy continues negotiations with potential investors to raise funds to secure his release from jail, a senior group executive has proposed a 'contribution scheme' to raise Rs 2,500-3,000 crore ( 25-30 billion) from two lakh members of its parabanking division.
Justice D Y Chandrachud adjourned the case till January 19 after Jet and Sahara India Commercial Corporation Ltd pleaded for time to file additional affidavits.
The agency is carrying out searches at eight locations in Delhi, Noida, Lucknow and Mumbai in this regard.
The NBFC was registered on December 1998, with an office in Lucknow.
The Tribunal adjourned till Monday this matter, which was listed for 'admission' this morning.
The government on Friday informed the Parliament that Sebi has discovered discrepancies in the claims by the bondholders and the database provided by Sahara Group in the Rs 20,000-crore (Rs 200 billion) investors money refund case.
Seventeen grapplers and 13 pugilists will receive graded contracts after Sahara India Pariwar pledged to support wrestling and boxing in the country. Apart from offering them a four-year contract which will be reviewed every year, Sahara also adopted the famous Bhiwani Boxing Club in Haryana and the Guru Hanuman Akhara in the capital with an aim to upgrade the facilities at both centres.
A meeting of the top officials of Sahara India and Jet Airways to resolve the dispute over the buyout of Sahara Airlines by the latter has not resulted in any settlement.
Indian hockey has been rocked by yet another controversy. The team's main sponsor, Sahara India Pariwar, has threatened to take the game's administrators, the Indian Olympic Association-appointed ad-hoc committee, to court for not using the company logo on the national team's outfit.
The Supreme Court on Friday asked Sahara and SEBI to formulate mechanism for securing payment of around Rs 19,000 crore (Rs 190 billion) of investors' money after the Subrata Roy-led group agreed to pledge it's immovable property as security but the market regulator questioned the sale deed and worth of the properties.
The demolition of Sahara Shahar's illegal encroachments is symbolic. The real assault will be executed at the right psychological and emotional moment, in true Mayawati style. Make no mistake.
The Allahabad High Court on Thursday summoned the Lucknow Development Authority (LDA) vice chairman for demolishing part of Sahara City on Wednesday night. A division bench of the court comprising Justice Devi Prasad Singh and Justice Balkrishna Narain summoned the Vice Chairman Ram Bhadur on a petition of Sahara India Commercial Corporation Limited.
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