Chief Minister Sukhvinder Singh Sukhu reports over 1,500 missing persons cases in Himachal Pradesh over the past three years, with Solan district reporting the highest number of cases. The government also addresses healthcare scheme liabilities and illegal tree felling.
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.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
As part of marketing initiatives in domestic aviation, Air Sahara has announced four more schemes to attract passengers, offering them four economy class tickets at Rs 24,000 and six tickets at Rs 33,000.
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.
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.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
Shares of healthcare services major Max Healthcare Institute have gained over 23 per cent since the start of this month and the stock crossed the Rs 1 trillion mark on September 24. On September 25, it closed 989.85 apiece at the NSE. The gains were cornered on the back of a strong outlook for the sector and aggressive expansion plans for the chain led by acquisitions and organic growth.
'The India which was all about glamour and razzmatazz through which he could earn the trust of people of the other India, which was Bharat.'
Suspicions have swirled for years that many of Sahara's millions of investors are fictitious names
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
In its bid to attract more air travellers, Air Sahara on Wednesday launched a new scheme linked with its bulk ticketing programmes like 'Sixer' and 'Square Drive' to encourage families to travel with frequent fliers.
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.
Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
Marketed as a retail venture, Q Shop has been endorsed by top cricketers like Dhoni and Tendulkar to promote Q-shop as a fight against adulteration.
The Ministry of Finance's Directorate of Enforcement should also be made a part of the state-level coordination panels,
The Supreme Court on Friday directed Sahara Group firm Sahara India Real Estate Corp to approach the Securities Appellate Tribunal against the order of Sebi directing the return of money collected from investors for an OFCD scheme within a period of three weeks.
Taking Jet Airways head on in the renewed fare war, Air Sahara on Monday launched 'Steal Fares' scheme which would be lower than the normal fares subject to their availability on select routes and flights.
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.
Toeing the line taken by its competitors, including Indian Airlines, Air Sahara on Tuesday announced the launch of fare buckets while doing away with its advance purchase schemes, claiming that the new system would lower airfares by 20 to 70 per cent
Three major domestic airlines on Friday announced revised fares, including those under the advance purchase schemes, following abolition of the Inland Air Travel Tax which amounted to 15 per cent of the total airfare.
Terms it financial inclusion, says top execs not members.
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.
'The entire explanation of the episode is difficult to digest.'
'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.'
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
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
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.
Genuine investments identified so far is Rs.1.08 cr out of around Rs 24,000 cr.
The order, concerning debentures issued by two group companies, is subject to Supreme Court clearance
There is no end to fraudulent investment schemes in India.
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.
Following on the footsteps of Indian Airlines, two leading private carriers Jet Airways and Air Sahara on Monday announced increase in fares in all sectors by 12 per cent from April 15.
In a bid to fill unutilised capacity, Air Sahara has announced a short-term scheme 'stand-by sixer' for six flight coupons to be purchased till November 15 for travel on any six sectors of the airline's route network.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Taking forward the competition in airfares by targeting the AC two-tier train passengers, Air Sahara on Monday launched its 'Surprice' scheme introducing the first advance purchase (Apex) return scheme and reducing the fares by almost 30%.
Even Delhi does not have a full-time registrar of chits.
The airfare hike will come into effect from October 14.
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