Sahara Computers and Electronics Ltd has announced Rs 400 crore (Rs 4 billion) investment over the next two years to extend its reach in the Indian market.
India Inc on Sunday hailed the Union Budget 2026-27 as a 'structural shift' in the country's technology landscape, noting that the government is moving beyond fragmented pilots to build foundational layers where AI serves as a 'horizontal enabler' for the entire economy.
After the launch of a range of personal computers in the Indian market, Sahara Computers is planning to foray into manufacturing of board level computer components.
Sahara Computers and Electronics Ltd has introduced various IT products, including desktop PCs with a price tag of Rs 9,999 to Rs 50,000 in domestic market.
A politically-connected business dynasty that moved to South Africa from India, the Gupta family finds itself at the centre of many of the scandals that have dogged now former president Jacob Zuma's administration. A day after the ruling African National Congress ordered Zuma out of office, the Guptas' prominent role in his presidency was highlighted. So who are the Guptas and how close are their links to Zuma?
The Supreme Court has set conditions on the fund raising, however, and on Friday asked Sahara to obtain necessary approvals from the Indian central bank and other authorities to comply with foreign exchange rules.
To locate genuine investors who may have deposited money with Sahara, the regulator also wants to issue public notices in regional language newspapers.
Roy was jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog.
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.
Roy and his associates were jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog over the company's failure to repay billions of dollars to investors who were sold outlawed bonds.
Markets regulator was mandated by court to examine documents to ascertain their genuineness and make refund to investors
The Iconic Gold Awards 2022 was held at Mumbai's Hotel Sahara Star over the weekend, and it was quite a star-studded affair.
There is a two-minute footage about Choksi in the series which allegedly shows him in a bad light and therefore, could affect the various proceedings against him in India.
A bench headed by Justice T S Thakur asked Delhi government to issue notification by August 4 for converting the conference room into jail which can be used by Roy and two jailed directors of Sahara for 10 working days from 06:00 AM to 08:00 PM for holding negotiations with prospective buyers of hotels in New York and London.
A consummate deal-maker, the former Aircel boss raked in the moolah in many, but lost a packet in several others.
Top shuttlers, including Olympic champion Carolina Marin of Spain and Rio silver medallists P V Sindhu, will be for grabs when the high-profile Players' Auction for the lucrative Premier Badminton League (PBL) gets underway in New Delhi on Wednesday. Besides Marin and Sindhu, Olympic bronze winner Viktor Axelsen of Denmark will be among the 16 Olympic medallists who have confirmed their participation at the second edition of the event to be held from January 1 to 14.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Olympic champion, Spain's Carolina Marin turned out to be the costliest buy of the second edition of the Premier Badminton League (PBL), while Kidambi Srikanth fetched the highest amount by an Indian at the players' auction, in New Delhi on Wednesday.
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