The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The top court last week gave Sahara a final chance to raise funds.
No one on that glittery occasion could possibly have imagined that the Chinese were conspiring to invade India, nor could anyone have predicted that the seemingly benign Dalai Lama was plotting to flee Tibet and seek asylum in India. A fascinating excerpt from Sukanya Rahman's must-read Dancing In The Family: The Extraordinary Story Of The First Family Of Indian Classical Dance.
Curfew has been lifted from Surat city after no untoward incident was reported from there since Wednesday night.
Narendra Sharma takes the Honda CB Hornet 160R for a spin on Goa's roads.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
Aseem Chhabra is impressed by Rima Das's Bulbul Can Sing, Ritesh Batra's Photograph and eight other outstanding films.
Looking back at the history of the Memon family from March 12, 1993 to July 30, 2014
The following are the members of the Memon family who faced trial.
Speaking at a rally in poll-bound Bihar, Modi said that the Congress has no right to talk about tolerance after the 1984 anti-Sikh riots.
Few Harvard graduates are changing the way we teach students.
'It has been a quick evolution.' 'That is because he saw the big names playing in the IPL and he played alongside them; that transformed him as a batsman.' 'I would say now he is perfect.'
Tiger Woods appears to be unmatchable in appeal, even when he does not play well as at this year's Masters.
'This is a film that trumpets out its sex -- it is content in being a girl's version of the archetypical boy's locker-room picture.' 'And if it was just that, that would have been fun too, but Lipstick Under My Burkha doesn't want to affect your senses, it wants to control your mind!' Sreehari Nair comes away unimpressed.
Celebrating Bollywood's most loved film of all time on its 40th anniversary.
Vikki Khanna and his family allow us to share the joys and the sorrow of these beautiful last moments, as they prepare to bid adieu to Lord Ganesha.
'Smita Patil was the reason I got into films. She kept telling me to get into films but I said I was happy doing theatre, I don't like films. Today, when I look back, I don't think I disliked films. Maybe I thought who would take me in films? I think it was a complex.' Nana Patekar looks back at his life.
