A lengthy court battle between Jet Airways and Air Sahara over their failed takeover deal does not seem inconceivable, as Sahara Group chief Subrata Roy has now moved a local court seeking stay on refund of Rs 500 crore
The apex court had asked Roy to pay Rs 10,000 cr.
"For the first time in India, Sahara India Pariwar is setting up the largest FMCG company in the country with its own distribution network through over 10,000 franchisee outlets...," Sahara India said in a public announcement.
Force India's 2015 Formula One car will not make its track debut until the third and final pre-season test in Barcelona some two weeks before the first race in Australia, the team said on Friday.
The Supreme Court will hear Subrata Roy's plea against his detention on Thursday.
A bench headed by Chief Justice R M Lodha dismissed the PIL and expressed concern over such petitions being in the Supreme Court.
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.
BCCI is pleased to have sorted out all the issues with the Sahara Group but insisted that they have not bent rules and the matter has been resolved within the framework of rules and regulations.
It was tough to say if Roy was in police custody or vice versa.
The Rs 32,000 crore (Rs 320 billion) Sahara India group will launch its national Hindi news channel and six of its planned 31 city-centric satellite news channels across the country on March 28.
Last week, Gandhi claimed that he had evidence of "personal corruption" of the prime minister but he was being prevented from speaking in the Lok Sabha because it would cause an earthquake.
The Trinamool Congress and the Bharatiya Janata Party on Monday targetted each other in Parliament, leading to clashes and walkouts. The TMC displayed in both Lok Sabha and Rajya Sabha the copies of some red diary, allegedly recovered from Sahara group chief Subrata Roy, and claimed that it contained the name of a BJP leader.
Sahara says it got suspicious on February 1 about the purported letter showing Mirach having blocked sufficient funds with Bank of America.
Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.
The court had previously rejected Roy's plea to move to a house arrest in its last hearing on April 9 and asked the lawyers to file short written submissions on April 16.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
Jail officials, group to thrash out finer details to enable late night skype with Los Angeles-based buyers.
Federation of International Cricketers' Associations CEO Tim May has expressed concern over Sahara India's withdrawal of its franchise, Pune Warriors, from the Indian Premier League.
Private carrier Air Sahara is likely to soon shortlist two or three most attractive offers it has received on equity participation to raise $100 million for their expansion plans. \n
Roy's plea was mentioned before a bench comprising justices K S Radhakrishnan and J S Khehar which said he has to appear on Wednesday.
Star, the Rupert Murdoch-owned media group, would launch its new channel as proposed on Monday, but has agreed to change its logo from 'One' to 'Star One'
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.
Sahara India chief Subrata Roy says that there is no question of sponsoring the Indian cricket team. However, the group will continue to support the Pune Indian Premier League team.
Two deals are all it took the Sahara Group to let the global hospitality industry know it meant business.
Air Sahara on Monday said it is in talks with upcoming low-cost carrier Indus Air, promoted by Kapil Mohan of Mohan Meakins Group.
You'll be spoilt for choices with these varieties.
Sahara India Group has pulled out of the race to buy a 51 per cent stake in the financially troubled Liverpool Football Club, one of the most successful clubs in the history of English soccer.
While Sahara maintains it has already repaid more than 93 per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore (Rs 25 billion), it deposited Rs 5,120 crore (Rs 51.2 billion) to Sebi in December 2012 towards the investor refunds as per Supreme Court orders.
Sahara Group chief Subrata Roy is still interested in buying a majority stake in Liverpool and discussions are taking place, although they are at an early stage, according to reports published on Wednesday.
The company would be launching dairy business in March next year.
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.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
Subrata Roy has been in a Delhi jail since March 4 after failing to appear at a contempt hearing in his group's legal battle with the Securities and Exchange Board of India over the company's failure to repay investors who bought the outlawed bonds.
Sahara Group chief Subroto Roy on Saturday defended the decision to snap ties with the BCCI but wants to ensure that the players of his IPL team do not suffer and get to play in the fifth edition of the Twenty20 league.
A new bench has been constituted in the Supreme Court to hear the Sahara case which will take up the matter on May 19.
Sahara chief had recently made a plea before the apex court to pass an early order on his petition challenging his detention, saying temperature in the capital has gone up and he is not feeling well in jail.
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