From November 12, Vistara aircraft will be operated under Air India's banner, identifiable by a special four-digit flight code beginning with '2'. For example, flight UK 955 will become AI 2955, making it easier for customers to recognise when booking on airindia.com after this date.
SEBI said it has cancelled the portfolio management licence held by Sahara Asset Management Company Pvt Ltd
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
The top court last week gave Sahara a final chance to raise funds.
The city's 24-hour Air Quality Index (AQI), recorded at 4 pm daily, stood at 417, making it the worst in the country. On Friday, the AQI level was 396.
Regulator has set up a special cell to carry out the refunding operation.
As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.
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.
Market regulator Sebi has begun prosecution proceedings against two Sahara firms and their top officials, while accusing them of failing to provide documents related to three crore investors as per a Supreme Court order.
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.
Integrated entity for realty, infrastructure sector
The company has been given time till June by mortgage holders Reuben Brothers
It was business as usual at Sahara Sahar, the sprawling estate in the posh Gomti Nagar area, where Roy's residence and the Group's corporate communication wing are located.
The Chief Justice said that some people play with the dignity of the court and there were some lawyers who are disrespectful towards the court.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
All three have cited personal reasons for giving up thepositions.
Sahara says awaiting further clarity on issue from regulator, suggests 'human error' or investor confusion led to mismatch.
The apex court told Roy that his proposal of paying Rs 1,500 crore, if the auction process was halted or postponed, was unbelievable.
In the high-profile case involving repayment of money to bondholders of two Sahara group firms, the Securities and Appellate Tribunal on Thursday dismissed a plea for extension of deadline for submitting investor documents to the market regulator Sebi.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
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.
Sahara cousel Kapil Sibal said he was preparing an application.
Sahara was in funding talks with Mirach
In a fresh twist to the alleged "forgery" saga, US-based Mirach has asked Sahara to make a "formal apology" for tarnishing its image.
Sahara accuses Mirach Capital of cheating, forging bank letter.
It asked the Sahara chief to discuss the roadmap for future payments with amicus curiae Shekhar Naphade and Sebi, and said if they are convinced, the court could look into it
Sebi's action on Sahara is showing results, but problems remain.
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
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.
Sahara, in a statement on Wednesday, said a truck sent from its headquarters in Lucknow was refused entry by Sebi as it reached after the close of business hours on Septe-mber 10, the deadline imposed by the Supreme Court.
Jet to raise $400m and add 20 new aircraft for expansion.
Subrata Roy was arrested in March 2014 after the company failed to comply with a court order to refund money raised from millions of small investors by selling them bonds later ruled to be illegal.
Sahara said it has initiated legal action against Mirach Capital.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Subrata Roy has been held in jail for more than a year.
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.
The muti-million dollar deal for takeover of Air Sahara by India's largest private airline Jet Airways broke down late Wednesday night.
