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.
The international stadium in Pune will no longer be known as 'Subrata Roy Sahara stadium' after business conglomerate Sahara Group decided to withdraw the name in the wake of its dispute with the Maharashtra Cricket Association.
Air Sahara on Thursday started its Colombo-Bangalore flight, its second flight from India to Sri Lanka.
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.
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 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.
The top brass of BCCI and the aggrieved Sahara Group will meet in Mumbai on Sunday in a bid to break the stalemate which prompted the corporate giant to withdraw sponsorship of the Indian cricket team and also pull out of the IPL.
The Bombay High Court on Thursday gave Jet Airways and Sahara Group one last chance to amicably resolve a payment dispute over acquisition of Sahara Airlines by Jet, but if they squander this opportunity the court would step in with its ruling on July 15.
The regulator, in a public notice, said investors of Sahara India Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd should take investment decision at their own risk.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
'The entire explanation of the episode is difficult to digest.'
SIHL has invested about Rs 25 lakhs (Rs 2.5 million) in establishing the present facility at its Lucknow township. The Lucknow laboratory has impact-testing machines, and is also equipped to test compression factor, stone and sand aggregate value, crushing value, and moisture content.
Sahara Counsel told the court that negotiations were underway for selling Sahara Group's offshore properties for raising sufficient fund for Subrata Roy's bail.
The Supreme Court on Tuesday said that the Securities and Exchange Board of India was entitled to seek all necessary information from two Sahara group firms on how resources were being raised but refused to stay the companies' ongoing fund-mopping exercise.
Abraham, a 1982 Kerala cadre IAS officer, investigated Sahara during his tenure as whole-time member at Sebi.
Sahara says it got suspicious on February 1 about the purported letter showing Mirach having blocked sufficient funds with Bank of America.
Sahara India Financial Corporation on Tuesday got a fresh lease of life, with the Reserve Bank of India allowing it to accept fresh deposits that mature in three years. The move ends the two-week-long uncertainty over fates of the 42.5 million depositors of the Subroto Roy-controlled residuary non-banking company.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
The move comes a full four years before the deadline set by the Reserve Bank of India.
A memorandum of understanding was signed between SIPCL CEO Ashok K Bhargava and Safesky chairman Amos Bouchnik along with Safesky president and founder Arik Klein.
The court allowed the group to re-auction certain properties in Ajmer, Firozabad, Vellore, Tiruchirappalli and Ujjain for which the bidding was at a much higher price
Refuting the contention of Roy who had submitted that he cannot be penalised for non-refund of the money by Sahara India Real Estate Corp Ltd and Sahara India Housing Investment Corp Ltd, the market regulator said that the business tycoon held 70 per cent stake in the companies and liable for contempt of court punishable upto to six months imprisonment or fine.
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.
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.
Private carrier Air Sahara will commence operations to Kuala Lumpur from March 19 and hopes to get government clearance to start services to the Middle East by January 2008, a top airline official said.
The Supreme Court on Monday rapped Sahara group for not refunding Rs 27,000 crore to investors, who had put their money into its two companies.
Terms it financial inclusion, says top execs not members.
Air Sahara on Tuesday announced it had launched 16 new flights last week and was planning more with the induction of two additional 50-seater aircraft and two Boeings in the next few weeks.\n\n
The Sebi, which has been mandated by the Supreme Court to facilitate refund of Rs 24,000 crore (Rs 240 billion) with 15 per cent annual interest to bondholders of two Sahara group firms after ascertaining their genuineness.
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.
The Bombay High Court would examine the Ernst & Young report on the erstwhile Sahara Airlines buyout by Jet Airways to decide the onus on payment of tax liability amounting to Rs 107 crore (Rs 1.07 billion).
Shaikh, one of the main complainants in Sara-Sahara case, had allegedly been asked to vacate her house near Crawford market in south Mumbai for the construction of the Sara-Sahara shopping complex.
The stand-off between Sahara India and the Board of Control for Cricket in India ended on Thursday, with the former reversing its decision to pull out of the Indian Premier League. After extensive discussions over the past few days Sahara announced that its franchise, Pune Warriors, will take part in the fifth edition of the IPL.
In a surprise development, the Indian cricket team's longtime sponsor Sahara India on Saturday ended financial ties with the BCCI and also pulled out of the IPL by withdrawing from Pune Warriors' ownership just hours before the players' auction.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances