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CHAIRMAN SAHARA
Sahara Group chairman Subrata Roy passes awayIn a heartfelt statement, the Sahara India group expressed profound sorrow as it announced the passing of the Chairman of Sahara Group, Sub...- Subjected to double payment of single liability: SaharaThe entire Sahara Group is under an embargo which means that if any asset is sold or mortgaged to raise funds, then that entire money shall...
- Irda directs ICICI Prudential Life to takeover Sahara LifeICICI Prudential Life has expressed its interest to take over the policyholders’ assets and liabilities of Sahara Life.
- Subrata Roy seeks time from Irda to turnaround Sahara Life InsuranceIrda had flagged concerns over the management of Sahara Life, saying it had reasons to believe the insurer may act in a manner “prejudicial...
- Irdai takes over the management of Sahara India Life Insurance Co; appoints R K Sharma as administratorIrdai said that chairman (Subrata Roy) of the Board was in judicial custody and people were not willing to join the company.
- RBI cancels Sahara India Financial Corporation's NBFC registrationIn a fresh jolt to Saharas, Reserve Bank has cancelled Sahara India Financial Corporation's certificate of registration as NBFC.
- Sahara works on plan B; talks for London, New York hotels on but Subrata Roy unwilling to sellAt current valuations—which is 30% higher than when the hotels were acquired—Sahara will not only be able to pay off loans from Bank of Chi...
- Sahara accuses BCCI of "betrayal of trust"The Sahara Group today accused the BCCI of "betrayal of trust" while rejecting claims of the Board that the IPL team was to be blamed for t...
- No loans to troubled Sahara cos; has Rs 800cr in deposits: SBIState Bank of India today said it does not have any exposure to Sahara group companies but have deposits of Rs 700-800 crore from the firms.
- Sahara India Pariwar to build affordable houses in BangladeshSahara India Pariwar, a major business conglomerate in India has announced its entry into the housing & infrastructure sector of Bangladesh.
- Sahara India sets up joint venture with US' Turner Construction CoSahara Turner Construction, will build integrated townships called Sahara City Homes & other Sahara India projects in India worth $25 bn.
- Sahara Group to go slow on realty arm stake saleThe Sahara Group is going slow on its plan to raise money by selling shares of its real estate arm but it has not shelved the idea of appro...
- Sahara City demolition; Court summons LDA Vice ChairmanThe Allahabad High Court today summoned the Lucknow Development Authority (LDA) Vice Chairman for demolishing part of Sahara City last nigh...
- Goyal summons Jet brass to LondonNaresh Goyal has convened an urgent meeting of the airline’s top management at his London residence, fuelling speculation that efforts are ...
- Men In the great muddleLike the original big-ticket buyout, the unfolding of the Jet-Sahara marriage was also the result of the actions of a handful of core decis...
- Deal will go through, says SaharaHectic parleys were on in London till late night on Tuesday and sources say the Sahara group is considering suing Jet Airways if Mr Goyal w...
- Jet, Air Sahara deal may come unstuckThe proposed Rs 2,300-crore takeover of Air Sahara by Jet Airways - one of the largest corporate deals in India - is coming unstuck.
- Vic Dungca likely to take over as chairman of Air SaharaConsultations are underway to appoint Victoriano P Dungca, a director on the board of Jet Airways, as the chairman of Air Sahara.
- Four Jet nominees on Sahara boardThe ministry of home affairs has granted security clearance for four members appointed by Jet Airways on the Air Sahara board, though a gre...
- Jet, Sahara merger inches forwardThe merger of Air Sahara with Jet Airways moved a step forward on Monday, with the government clearing the appointment of four Jet nominees...
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