The company would be launching dairy business in March next year.
Interview with Tamal Bandyopadhyay, the author of Sahara: The Untold Story.
The 2025 Sony World Photography Awards has announced its National and Regional Award winners, celebrating talent from 56 countries.
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.
Refuting the contention of Roy who had submitted that he cannot be penalised for non-refund of the money by Sahara India Real Estate Corp Ltd and Sahara India Housing Investment Corp Ltd, the market regulator said that the business tycoon held 70 per cent stake in the companies and liable for contempt of court punishable upto to six months imprisonment or fine.
Sahara made an overseas direct investment against RBI rules.
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 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.
SEBI on Wednesday told the Supreme Court that Sahara group overvalued its properties and did not hand over all original title deeds of assets worth Rs 20,000 crore (Rs 200 billion) as per its direction.
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.
Force India has been re-named Sahara Force India after the Sahara Group bought stake in the Vijay Mallya-owned Formula One team. As per the agreement between the parties, Sahara Group and Mallya's UB Group will have 42.5 percent stake each in the team.
The case related to two Sahara Group firms --Sahara Housing Investment Corporation Ltd and Sahara India Real Estate Corp Ltd -- raising more than Rs 24,000 crore (Rs 240 billion) from an estimated 3 crore (30 million) investors through issuance of certain bonds between 2008-2009.
It is learnt from sources that the two companies today paid Rs 20 crore as guarantee deposit to the Board of Control for Cricket in India (BCCI).
Sahara says awaiting further clarity on issue from regulator, suggests 'human error' or investor confusion led to mismatch.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
'Two esteemed foreign investors with huge funds are coming with us in our real estate and city development businesses.'
Sahara India on Thursday unveiled an ambitious housing scheme that envisages building 675,000 houses in 202 cities at an estimated cost of Rs 83,000 crore.
This lawsuit will have no bearing on its fund-raising exercise as a deal is already in final stages
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.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
Unable to verify or trace a large number of bondholders in Sahara refund case, Sebi has begun a process to consult the business conglomerate for verifying the genuineness of such investors.
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
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.
Genuine investments identified so far is Rs.1.08 cr out of around Rs 24,000 cr.
Latest exercise follows two similar attempts made by Sebi in the past
The apex court was irked when Sebi claimed that the group had allegedly obstructed the process by writing a letter to the Pune police raising the issue of law and order at the prime property.
The apex court had also asked Sahara Group to provide it within two weeks the list of "unencumbered properties" which can be put for public auction to realise the remaining over Rs 14,000 crore
Sahara group confirmed the development but expressed ignorance as to why this action was being taken against it.
The agency had received intelligence inputs that a huge amount of "unaccounted" cash is lying at the groups properties at Delhi and Noida.
The apex court told Roy that his proposal of paying Rs 1,500 crore, if the auction process was halted or postponed, was unbelievable.
India's Sahara Group is in advanced talks with Manchester United to become the new shirt sponsors of the English Premiership champions, domestic media reported on Thursday.
Citing the SC order in Sahara case, Sebi has passed orders against at least five companies and 21 individuals charged with collecting thousands of crores fraudulently
Company has submitted before the court that the plaintiff is attempting to attach property that falls outside of the jurisdiction of the court
RBI has sought to stop one of its firms from disposing off assets.
Sebi says it will directly transfer the refund money to the bank accounts of genuine investors.
Sebi says Sahara investors refunded over Rs 42 cr.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
The apex court also asked Sahara Group to provide it within two weeks the list of 'unencumbered properties' which can be put on public auction.
The bench asked the official liquidator, attached with the Bombay high court, to auction Aamby Valley properties, estimated to be worth Rs 34,000 crore, and directly report to it
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