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Sahara India Financial Corporation Ltd

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EXPLAINED: How chit fund scams work

 'Around 15 crore poor people have lost their money.' The political stand-off between West Bengal Chief Minister Mamata Banerjee and the Narendra Damodardas Modi government after a Central Bureau......

Selling Land Is Not a Service, Rules Supreme Court

 The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax. Illustration: Dominic Xavier/Rediff The......

Sahara case: RBI asked to give a fresh hearing

 The Supreme Court on Monday kept in abeyance the action taken by the Reserve Bank of India against Sahara India Financial Corporation Ltd, including a ban on fresh deposits, and asked the bank to......

Reserve Bank cancels Sahara's NBFC licence

 The Reserve Bank of India on Monday said it had cancelled the licence of Sahara India Financial Corporation Ltd, the Sahara group’s non-banking financial company, effective September 3. In......

Taxmen slap Rs 2,844 crore I-T claim on Sahara

 The Income Tax department has slapped a Rs 2,844.70 crore claim on Sahara India Financial Corporation Ltd, the largest residual non-banking finance company in India. The company posted a net profit......

Sahara lands in another mess

 Facing tough times in its attempt to get its chief Subrata Roy out of jail, Sahara Group on Tuesday landed in a soup again as the Supreme Court asked it to explain  how it encashed securities,......

Star India wins India cricket sponsorship rights; Sahara bid declared ineligible

 Star India Pvt. Ltd. was awarded the team sponsorship rights of the Indian team on Monday for a period of three years after Sahara's bid was declared ineligible by the BCCI in Chennai. "Star India......

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