Sahara Group chief Subrata Roy passed away on Tuesday due to a cardiorespiratory arrest after a prolonged illness, a company statement said. He was 75. He was 75. According to the company statement, he passed away at 10.30 pm due to cardio-respiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.
Subrata Roy, the self-styled managing worker of Sahara India Pariwar, India's biggest private-sector employer, will appear before the Supreme Court on Tuesday after spending the weekend in custody at a government nature-reserve guest house.
Sahara chief Subrata Roy, who was sent in judicial custody for a week in Delhi by the Supreme Court today, will be kept in high-security Tihar prison where he will sleep on the floor and eat jail food like an ordinary prisoner.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Aimed at ensuring a smooth buyout of Air Sahara by Jet Airways, Sahara Group chairman Subrata Roy on Thursday assured full job protection
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.
Sahara India on Monday said it has earmarked an investment of Rs 3,000 crore (Rs 30 billion) to launch retail outlets -- Sahara Q Shops -- initially in five states covering 60 cities and towns from August 15.
Sahara India was required to submit the title deeds of Rs 20,000 crore (Rs 200 billion) to the marker regulator as per direction of the Supreme Court.
Sahara India was required to submit the title deeds of Rs 20,000 crore (Rs 200 billion) to the marker regulator as per direction of the Supreme Court.
Sahara India launched Sahara Care House, a single window service platform for global Indians.
India's badminton sensation PV Sindhu was felicitated by the Sahara India Pariwar in Mumbai on Sunday.
"My judicial custody in Tihar jail and being confined to a prison cell with just the basic amenities definitely came as a rude shock."
This lawsuit will have no bearing on its fund-raising exercise as a deal is already in final stages
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.
A spokesperson said Sahara group is not into business with Trinity.
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 accuses Mirach Capital of cheating, forging bank letter.
Suitors came with all-cash offers but were rebuffed
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
'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.'
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