Air Sahara on Wednesday filed a caveat in the Supreme Court to prevent Jet Airways from getting an ex-parte order on its transfer petition, which is likely to be filed on the same day.
It is one of the three marquee hotels owned by Sahara outside India.
The Supreme Court on Wednesday pulled up Sahara group for issuing public advertisements accusing SEBI of being a "sarkari gunda" (government goon) for taking action against it for not refunding Rs 20,000 crore (Rs 200 billion) to investors.
Air Sahara on Thursday announced its plans to fly daily services between Delhi and London from September-October this year and operate two Boeing-777s on this route.
Sahara Computers and Electronics Ltd has introduced various IT products, including desktop PCs with a price tag of Rs 9,999 to Rs 50,000 in domestic market.
The Sahara Group on Tuesday approached the Supreme Court, seeking contempt action against the Lucknow Development Authority, for carrying out certain demolitions at Sahara Saher against the apex court's order to maintain status quo.The LDA, acting on a direction from the state government, on Monday pulled down some temporary structure and barricade and filed an FIR against the officials of the Sahara Group, saying these were erected after the apex court's order of status quo.
SEBI on Wednesday told the Supreme Court that Sahara group overvalued its properties and did not hand over all original title deeds of assets worth Rs 20,000 crore (Rs 200 billion) as per its direction.
Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
The new deal could be worth anything between Rs 200-300 crore for three to five years.
Amid speculation about Air Sahara selling its equity to raise funds for its expansion plans, liquor baron and owner of Kingfisher Airline Vijay Mallya
The government on Monday allowed privately-owned Jet Airways and Air Sahara to fly to the Association of South East Asian Nations and raised the seat capacity of Indian Airlines and Air-India to these destinations.\n\n
Sahara group on Wednesday said the sale of its airline to Jet Airways for $500 million was not a "distress deal but a profitable exit" from the business that did not hold promise and future in the short to medium term.
The Supreme Court on Wednesday said that the money likely to be arranged by Sahara Group from overseas to raise Rs 10,000 crore (Rs 100 billion) for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI.
Liquor baron Vijay Mallya on Thursday said the acquisition of Air Sahara by Jet Airways was expected and it would not affect his Kingfisher airlines as it was doing "well".\n\n
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.
A bank account is a must to get the refund and those without it have been asked by Sebi to open an account with a scheduled bank.
The Sahara group's problems continue, with rating agency CARE cutting its 'BBB' ranking for Sahara Hospitality Ltd's (SHL) long-term bank facility to 'BBB-', due to sub-optimal financial and operational performance.
Rono J Dutta, former chief of the world's biggest carrier United Airlines, has taken over as president of Air Sahara in place of Uttam Kumar Bose.
In the midst of its bloody battles with the Supreme Court and Sebi, Sahara group gets the Calcutta high court to issue a stay order on the publication of the book, Sahara: The Untold Story, by Tamal Bandyopadhyay.
Private carrier Air Sahara, has cancelled all its flights between Mumbai and Chennai till December 5 due to 'operational reasons'.
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.
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 Board of Control for Cricket in India-Sahara standoff continues following the Board's Working Committee's refusal to make "exceptions" for its long-time sponsor.
Sahara India chief Subrata Roy says that there is no question of sponsoring the Indian cricket team. However, the group will continue to support the Pune Indian Premier League team.
Sahara, which already has a more than $900 million loan from Bank of China on the three hotels, including the Plaza in New York, had sought the court's permission to take over the loan and refinance it from another creditor and raise a fresh loan of $650 million.
Roy was jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog.
Private airline Air Sahara on Wednesday launched a credit card with Standard Chartered Bank as part of efforts to improve passenger traffic and boost revenues.
Case in the US relates to an Airbus Corporate Jet
Sahara India plans to organise a ten-day Bollywood film festival in the United Kingdom and the United States from August 31 as a prelude to spreading its business empire globally.
Subroto Roy-led Sahara Group's para-banking company on Thursday obtained a stay on Reserve Bank's ban on accepting fresh deposits from investors.A vacation bench at the Lucknow Bench of the Allahabad High Court granted the stay on a petition filed by Sahara India Financial Corp's executive director O P Srivastava and posted the matter for further hearing in last week of July.
Sahara accuses regulator of injustice, bad intent.
A vacation bench comprising Justice Altamas Kabir and G S Singhvi appointed senior counsel L Nageshwar Rao as the special officer and the tin fencing would be erected on June 28-29 and Rao would submit his report to the registrar at Lucknow bench of Allahabad high court. The apex court had set aside the intrim order of Allahabad high court dated June 19 and asked the high court to dispose of the writ petition pending in that court with utmost expediency.
Market regulator Sebi on Friday said it is yet to receive "all papers" in the high profile Sahara case where the Supreme Court has directed two group companies to refund money to bond holders.
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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