An extract from Tamal Bandyopadhyay's book shows that wrangling with regulators is nothing new for the Sahara group. In the 1990s, too, it had run into the income-tax department and had used similar tactics as it is using against Sebi today to deflect the investigation into its affairs.
An extract from Tamal Bandyopadhyay's book shows that wrangling with regulators is nothing new for the Sahara group. In the 1990s, too, it had run into the income-tax department and had used similar tactics as it is using against Sebi today to deflect the investigation into its affairs.
No one knows when and how the powerful corporate giant was actually carted from Lucknow's state forest guest house.
The Sahara India Group pulled its team Pune Warriors India out of the Indian Premier League following the Board of Control for Cricket in India's decision to encash the bank guarantee after they failed to pay the franchisee fee.
The troubles regarding Indian Premier League doesn't seem to end as Sahara Pune Warriors failed to pay the full franchise fee for the current year which resulted in BCCI encashing the bank guarantee casting a shadow on its future in the cash-rich league in coming years.
Integrated entity for realty, infrastructure sector
The Sahara India Group on Wednesday renewed its ties with Indian hockey by signing a five-year deal to sponsor the national men's and women's teams.
The new cricket stadium being built by the Maharashtra Cricket Association (MCA) on the outskirts of Pune is to be named after Subrata Roy Sahara, the Chairman and Managing Worker of the Sahara Group.
Chief metropolitan magistrate Vinod Yadav directed the Delhi Police to execute the warrant against Roy and four other company officials by February 9.
Sahara India Group has pulled out of the race to buy a 51 per cent stake in the financially troubled Liverpool Football Club, one of the most successful clubs in the history of English soccer.
The Queen's Baton might have traversed 170,000 Km across the globe without raising a speck of dust, but a barely 24 hour halt in Lucknow propelled the prestigious Commonwealth Games symbol into the thick of a controversy with none other than the Sahara India group in the eye of the storm.
Jet had bought Sahara Airlines from the Sahara group in April 2007 for Rs 1,450 crore after an arbitration award. It paid Rs 900 crore and agreed to pay the balance in four instalments. In March 2008, the income-tax department demanded tax dues of Rs 107 crore from Sahara India Airlines. Jet decided this should come from Sahara as it pertained to the period before the acquisition.
Sahara India Group, led by Subroto Roy, has been served with a notice over 'illegal construction' at its Sahara Sahar township in Gomti Nagar area of Lucknow.
The company has terminated his services with effect from June 6, a senior Sahara group official said.
Who's telling the truth? The government? Or the high-profile group with interests in para banking, aviation, real estate and the media?
Who's telling the truth about the Sahara India group? The government of India? Or the high-profile corporate group with interests in para banking, aviation, real estate and the media?
The Rs 32,000 crore (Rs 320 billion) Sahara India group will launch its national Hindi news channel and six of its planned 31 city-centric satellite news channels across the country on March 28.
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