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.
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.
Rajyavardhan Singh Rathore joined the Sahara after receiving the nod from the government and the Indian Army
The company will get title rights and branding opportunities at major FIH tournaments including the men's and women's World Cup in 2006.
Sahara India Pariwar withdraws association with 'The Rising.'
Each member of the Afro-Asian Games gold medal-winning squad was presented a cheque of Rs 150,000.
India's badminton sensation PV Sindhu was felicitated by the Sahara India Pariwar in Mumbai on Sunday.
HR head Gaurav Sharma blamed Sebi-imposed restrictions on operating bank accounts for the delay.
Author Tamal Bandyopadhyay talked about his book Sahara: The Untold Story during a Rediff chat on Friday.
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.
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.
Group's hybrid direct selling format also confuses industry
Sahara Group's recent statement says that the total fund received and raised from public since 1978 till September 30, 2012 with accrued interest, including life insurance policy holders' fund, mutual funds, Credit Cooperative Q shop customers advance, bank loans in India and overseas, etc" stood at Rs 225,000 crore.
Sahara has paid a 10 per cent down payment for the 105-year-old landmark.
Their relationship with the Indian cricket board (BCCI) may be in troubled waters but Sahara India Pariwar has announced its support to Indian archers, on Saturday, by offering them a total cash incentive of close to Rs 3 million.
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.
"For the first time in India, Sahara India Pariwar is setting up the largest FMCG company in the country with its own distribution network through over 10,000 franchisee outlets...," Sahara India said in a public announcement.
Monetary rewards continue to trickle in for the Indian men's hockey team. Sahara India Pariwar announced a cash incentive of Rs 1.27 crore for the players and support staff of the side that emerged winners in the just-concluded London Olympics qualifier.
The ongoing stand-off between the Board of Control for Cricket in India and corporate giants Sahara India Pariwar took a new turn on Monday, with the latter accusing the Indian Cricket Board of breaking the rules of their agreement.
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.
Rajyavardhan Singh Rathore and Manavjit Singh are among the 15 shooters whose preparation for the 2012 London Olympic Games would be fuelled by the Sahara India Pariwar
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.
The move comes a full four years before the deadline set by the Reserve Bank of India.
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.
With no solution in sight to the payment dispute that has rocked Indian hockey, team sponsor Sahara on Wednesday sanctioned Rs one crore immediately, to be distributed only among the striking players in a bid to resolve the crisis.
Sahara India Pariwar has made a $2-billion bid to buy the debt of struggling Hollywood studio Metro-Goldwyn-Mayer (MGM) Inc.
Seventeen grapplers and 13 pugilists will receive graded contracts after Sahara India Pariwar pledged to support wrestling and boxing in the country. Apart from offering them a four-year contract which will be reviewed every year, Sahara also adopted the famous Bhiwani Boxing Club in Haryana and the Guru Hanuman Akhara in the capital with an aim to upgrade the facilities at both centres.
Indian hockey has been rocked by yet another controversy. The team's main sponsor, Sahara India Pariwar, has threatened to take the game's administrators, the Indian Olympic Association-appointed ad-hoc committee, to court for not using the company logo on the national team's outfit.
Sahara India launched Sahara Care House, a single window service platform for global Indians.
The Akali Dal is convinced that Waris Punjab De and Amritpal Singh are part of a bigger plan to create a law and order problem in the state, leading to the imposition of central rule and even the exclusion of Punjab from the Lok Sabha polls as was done in 1991.
'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.'
Sahara India Pariwar, a major player in the infrastructure and housing sector, is planning to build a five-star hotel in Lucknow. The company has plans to build a hotel in each of its 217 Sahara City homes.
Aimed at ensuring a smooth buyout of Air Sahara by Jet Airways, Sahara Group chairman Subrata Roy on Thursday assured full job protection
Sahara Computers and Electronics Ltd has announced Rs 400 crore (Rs 4 billion) investment over the next two years to extend its reach in the Indian market.
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