Lalit Modi

The company issued a clarification to exchanges following tweets by Lalit Modi where he said that all assets of the KK-Modi owned Modi Enterprises were up for sale

Other companies where the promoter stakes are up for sale are Modicare, Modicare Healthcare Placement and 24Seven convenience stores.

The Enforcement Directorate (ED) claimed in the court that Shah had made Rs 76-crore worth bogus deals in the NSEL scam.

CNN-IBN traced him to his estate from London with the assistance of people in the neighbourhood villages who know of him for his thirty acre estate, and for his rather colourful lifestyle. They spoke of his lifestyle in the pub and of interesting visitors in recent days.

Sources told CNN-IBN that Modi was tracked to the United Kingdom and that Enforcement Directorate (ED) has initiated diplomatic efforts to bring him back to India.

This revelation was made before the Supreme Court by US-based Madison Capital, which said that it would buy two hotels owned by Sahara.

Finance Minister Arun Jaitley said in Lok Sabha that the previous UPA government had not taken any concrete steps to bring back Lalit Modi, who is facing money laundering charges, as the Congress-led dispensation was on the "wrong route".

The petition has been signed by top industrialists including Rahul Bajaj, Infosys co-founder Kris Gopalakrishnan, Pawan Munjal of Hero MotorCorp, Adi Godrej and Kiran Majumdar Shaw.

The Lok Sabha speaker is meeting with leaders of the Samajwadi Party, TMC, RJD, JDU and AAP over the logjam.

On the first day of the proceeding of the Monsoon session of Parliament, Rajya Sabha faced three back-to-back adjournments after Opposition created uproar seeking Sushma's resignation in the row over alleged links with former Indian Premier League chief Lalit Modi.

Senior Congress leader and former commerce minister Anand Sharma says: "You cannot leave out four important items and as a result make it a joke of a GST."

Asserting that the External Affairs Minister could have done what she did without the consent of the Prime Minister, pointing to some "new facts" that, according to the Congress, appeared on Sunday.

In an interview to CNBC-TV18, Former Indian Premier League (IPL) Commissioner Lalit Modi spoke about the business of cricket.

Lalit Modi said he is being targeted by the present government and expects things to change if a new government comes into power.

Former IPL commissioner Lalit Modi today claimed that the auction for the 2009 edition of the cash-rich T20 tournament was "rigged" in favour of Chennai Super Kings whose owner, N Srinivasan, is now the president of the Indian Cricket Board.

Last week Season 4 of the IPL closed with Chennai Super Kings winning the championship for the second year in a row. The packed stadium was obviously ecstatic with that result. While the BCCI is relieved things have gone off without a hitch

India is in the ICC Cricket World Cup semifinal and no matter what happens next the interest in cricket will zoom up after that big win against Australia. All this will have a positive impact on the IPL that starts of on April 8th. Plans for Season 4 are well underway.

The entertainment industry in India is expected to grow to about USD 20 billion by 2013. So, we decided to put the spotlight on three entrepreneurs who are cashing in on the movie, mobile and online gaming magic. Here’s their story.