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Sahara Group founder Subrata Roy wrote that during his time in Tihar jail, thoughts like ‘Why me?’, ‘What have I done wrong to deserve this?’ often raced through his mind.
SEBI had moved the apex court seeking direction to the firms to pay the amount of over Rs 62,602 crore in compliance with the court's earlier orders, failing which the group's chief Subrata Roy be taken into custody.
Qatar’s state-owned Katara Holding is buying full ownership of the hotel, including a 75 percent stake from Indian business group Sahara India Pariwar, a source familiar with the deal told Reuters.
Hong Kong-based JTS Trading had approached the court seeking the attachment as part of its USD 350-million lawsuit against UAE-based Trinity White City Ventures, Sahara group and Swiss banking giant UBS over a deal that went sour.
The apex court expressed concern about the payment of money to be made by Roy to secure his release from jail.
"Subrata Roy is not in Sahara City. So we could not arrest him," said a police officer. He also declined to comment if Roy was absconding. "We only met his ailing mother and doctors attending her," he added.
In three-page newspaper advertisements, the group has invited applications for senior positions across business verticals within and outside country and said that these more than 56,000 new jobs need to be filled by the end of 2014.
Sahara must comply with Rs 24000 crore refund order or it would direct personal appearance of Sahara Group head Subroto Roy and Sahara India Directors, the Supreme Court said.
Sahara India has been slapped with a fine of Rs 50,000 by the apex consumer commission for failing to put in place a proper accounting system to keep track of the money invested by people in one of its schemes.
CNBC-TV18's Sajeet Manghat and Sandeep Srikanth report on Sebi's warning investors from switching their OFCDs to those offered by Sahara Q and Sahara Credit Cooperative schemes.
She may have turned 50 yrs old, but Amul's iconic butter girl remains utterly-butterly unfazed at new competition.
Sahara India, a privately held conglomerate, said it had launched a construction joint venture with US-based Turner Construction Co and will build USD 25 billion of projects in India over 20 years.
Indian allrounder Ravindra Jadeja is the biggest catch so far, going for a whopping USD 2 million to the Chennai Super Kings in the Indian Premier League auction for season five, which got underway at the ITC Royal Gardenia Hotel here on Saturday.
With the ongoing legal slugfest between Jet Airways and Sahara, the Bombay High Court shot down petitions from both parties on Monday, setting a stage for face-off in the supreme court, reports CNBC-TV18's Ashmit Tej Kumar.
The Bombay High Court today admitted an appeal filed by Sahara India challenging its earlier single-bench order which had held that Jet Airways was liable to pay Rs 1,450 crore for the purchase of Sahara Airlines (now Jetlite) in 2007.
