Experts say Roy has got a great price for Air Sahara, which was steadily losing market share. The company was also burning a lot of cash to keep the airline afloat.
Sahara Group Chairman Subroto Roy will go public on Friday to state that he is 'absolutely disease free' and to deny that there is any political pressure on his group.
'Our analysis of success, like failure, is so reductive and so one dimensional that we don't look at the bigger picture.'
Checkout who all made it for the bash.
The battle-lines are drawn. Both titans are flexing their muscles.
The relationship between Sahara Group and the Indian Cricket Board had turned from bad to worse in the past month but after a "couple of not so cordial telephonic conversation" between the owners of Pune Warriors and the board top brass that had telling effect.
Israeli businessman Yitzhak Tshuva, who controls the Elad Group, has sold his 60 per cent stake in the Plaza Hotel, a report in the Israeli daily newspaper Haaretz said.
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.
Actor Dev Anand, who ruled the hearts of millions of film enthusiasts for over six decades, was on Saturday bid a tearful adieu as his mortal remains were consigned to flames amid the tunes of some of his most memorable songs Abhi Na Jao Chor ke and Gaata Rahe Mera Dil. The funeral ceremony was attended by a large number of people, including his family and close friends like Lord Meghnad Desai and Sahara chief Subroto Roy. His last rites were held according to Hindu tradition
Poorna tied the knot with industrialist Namit Soni on Saturday as big names from Shah Rukh Khan and Hrithik Roshan to Mahendra Singh Dhoni to Zaheer Khan and Sunil Chhetri graced the big day.
Force India has been re-named Sahara Force India after the Sahara Group bought stake in the Vijay Mallya-owned Formula One team. As per the agreement between the parties, Sahara Group and Mallya's UB Group will have 42.5 percent stake each in the team.
Mukesh Ambani, chairman of Reliance Industries, and Subroto Roy, chairman of Sahara Group, are reportedly bidding for a 51 per cent stake in Liverpool football club -- one of the most successful clubs in the history of English football.
Liverpool is presently owned by American duo George Gillett and Tom Hicks, who acquired the club in February 2007.
Sahara Group chief Subroto Roy on Saturday defended the decision to snap ties with the BCCI but wants to ensure that the players of his IPL team do not suffer and get to play in the fifth edition of the Twenty20 league.
A Reliance Industries spokesman denied reports that its chairman Mukesh Ambani is bidding for a 51 per cent stake in Liverpool football club.
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.
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.
The top 100 tax defaulters owe the exchequer a whopping Rs 1.41 lakh crore.
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.
Mayawati was, pre-election, hell-bent upon preventing Amar, Mulayam and Subroto Roy from 'running away' from India. But for Cabinet Secretary Shashank Shekhar Singh's temporary intervention with behenji, Amar Singh would have been put behind bars the day she took over as chief minister.
Politicians associated with Amitabh Bachchan have invariably nursed grand illusions. And suffered.
The appearance on June 10, however, will be through recorded video clippings.
The Sahara Group said on Tuesday it would build 50 self-sufficient townships in Uttar Pradesh with modern facilities and amenities at an investment of over Rs 20,000 crore (Rs 200 billion).
The IHF chief said the National championship will be held in Nov-Dec this year.
The Supreme Court has extended the parole of Sahara chief Subrata Roy till July 11 to enable him to deposit Rs 200 crore (Rs 2 billion) with SEBI.
Sahara group chairman Subroto Roy on Friday celebrated his 58th birthday, making a rare television appearance, which he used to scotch rumours about his health, assert that he was "absolutely disease free" and deny that his Rs 50,000 crore business e
For Jet's revival, Mr Jalan should be on the scene long enough for everyone to get to know him, appreciate his skills, and not vanish into thin air within a matter of months or even weeks, observes Anjuli Bhargava.
Unless Naresh Goyal pulls the proverbial rabbit out of his hat or reveals an unexpected ace of spades, the airline he built from scratch - many refer to it as "his baby" - may slip out of his grasp, says Anjuli Bhargava.
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
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