Struggling Pune Warriors, with a question mark hanging over the fitness of their impact player Yuvraj Singh, cross swords with high-flying Rajasthan Royals in the Pepsi IPL clash at the Subrata Roy Sahara Stadium in Pune on Thursday.
On February 13, Sebi passed two separate orders, together running into 160 pages, directing attachment of properties and freezing of accounts.
A major controversy was averted on Thursday when an angry chairman of selectors Sandeep Patil threatened to storm out of the Subrata Roy Sahara stadium in Pune before officials of the Maharashtra Cricket Association (MCA) intervened and persuaded him to stay back.
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.
Aimed at ensuring a smooth buyout of Air Sahara by Jet Airways, Sahara Group chairman Subrata Roy on Thursday assured full job protection
With Sahara India chief Subrata Roy behind bars, the country's first seaplane service from the megapolis to Aamby Valley City, which is run by the Sahara group, was today grounded for the time being.
"SIICL, which is one of the group companies belonging to Sahara group, as such cannot transact the business of non- banking financial institutions," RBI said on Friday.
Leg-spinner Amit Mishra produced a stunning performance, taking four wickets in five deliveries, including a hat-trick, as Sunrisers Hyderabad pulled off an incredible 11-run victory over Pune Warriors in the Pepsi Indian Premier League, in Pune, on Wednesday.
Maharashtra and Uttar Pradesh shared a point each after their Group B Ranji Trophy match ended in a dull draw that saw 1433 runs being scored over four days on a dead track at the Subrata Roy Sahara Stadium, in Pune, on Monday.
Sahara Group chairman Subrata Roy, who reached a compromise with the Board of Control for Cricket in India to pave the way for Pune Warriors' participation in the IPL, has demanded an open auction without any player retention to make the cash-rich Twenty20 league more entertaining.
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.
Images from the IPL match between Pune Warriors and Delhi Daredevils in Pune on Sunday.
Genuine investments identified so far is Rs.1.08 cr out of around Rs 24,000 cr.
The transactions between entities of Sahara Group show loopholes in regulation that can be exploited to fool investors and launder money.
Kedar Jadhav blasted an unbeaten run-a-ball century as Maharashtra produced a powerful batting display to post 339 for 3 against Uttar Pradesh on Day 1 of the Ranji Trophy Group B match, in Pune, on Friday. Jadhav (102) hit as many as 20 boundaries in his 102-ball innings, while Harshad Khadiwale (68) and Sangram Atitkar (80) laid the foundation with brilliant half-centuries.
Hours after Jet Airways closed the deal to acquire Air Sahara, the Lucknow-based airline's president Alok Sharma quit his post but said he would continue to facilitate its smooth transition to 'Jetlite'.
Roy was allowed by the Supreme Court to use the jail's conference room to negotiate sale of his hotels in order to collect Rs 10,000 crore (Rs 100 billion) for his bail.
Sahara group promoter Subrata Roy said he will take his newly acquired Indian Premier League (IPL) team public by 2013, the second year of operations, and is open to having investors take a minority equity stake in the franchisee.
Facing orders for freezing of bank accounts and attachment of properties, Sahara group Thursday night claimed the actions taken by Sebi are based on "old facts" and the orders for attaching assets of individuals is incorrect on part of the market regulator.
Deccan Chargers captain Kumar Sangakkara is a relieved man after his team registered its first win in the fifth edition of the Indian Premier League in Pune on Thursday.
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.
Images from the Indian Premier League match between Pune Warriors and Royal Challengers Bangalore, on Thursday.
Aaron Finch (64) struck a half century as Pune Warriors notched up their first win of the season with an easy seven-wicket victory over Rajasthan Royals in their Pepsi IPL match on Thursday.
Summary of the matches played in the Vijay Hazare Trophy cricket competition across India on Thursday.
The objective of Sahara Power Fund would be to invest "in equities and equity-related securities of companies engaged in the business of generation, transmission, distribution of power or in those companies engaged directly or indirectly in any activity associated with power sector", said the draft document filed with the market regulator SEBI.
The group is selling property to raise a particular sum for the release of its chief Subrata Roy, in Tihar jail since March 4.
The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the demise of Sahara Group's chief Subrata Roy. Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness. He faced multiple regulatory and legal battles in connection with his group firms that were accused of circumventing regulations with ponzi schemes, allegations his group always denied.
Having lost three successive matches, Pune Warriors will look to arrest the slide when they take on neighbours Mumbai Indians in an Indian Premier League match at the Subrata Roy Sahara Stadium on Thursday.
Buoyed by an upset win over Mumbai Indians in their tournament-opener, Pune Warriors will look to affirm their superiority over Kings XI Punjab when the two teams lock horns in the fifth edition of the Indian Premier League at the newly-constructed Subrata Roy Sahara Stadium in Pune on Sunday.
In the midst of its bloody battles with the Supreme Court and Sebi, Sahara group gets the Calcutta high court to issue a stay order on the publication of the book, Sahara: The Untold Story, by Tamal Bandyopadhyay.
That will be the last pound of flesh Mulayam Singh and Amar Singh wish to extract for the support they are giving the dying Congress party. Fortuitously, the Congress too wants a similar outcome.
Sahara group, whose chief Subrata Roy who was in jail for over two years in connection with a long-running dispute with markets regulator Sebi is now out on parole
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
Roy was receiving the same treatment as other inmates, the only privilege being that he gets a bed as he is over 60 years of age.
Abraham, a 1982 Kerala cadre IAS officer, investigated Sahara during his tenure as whole-time member at Sebi.
England's stand-in Twenty20 skipper Eoin Morgan has said that his team will carry the confidence of 2-1 Test series victory over India into the two-match T20 series, commencing at the Subrata Roy Sahara Stadium in Pune on Thursday.
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.
The bench, which said that Sahara group must refund the amount by August 31 or face personal appearance, however, refrained from passing orders as the counsel for Roy pleaded that no such order be passed without hearing him and posted the case for hearing on July 24.
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