Sebi cancels registration of Sahara Mutual Fund

Last Updated: Tuesday, July 28, 2015, 19:06

The Securities and Exchange Board of India (Sebi) on Tuesday cancelled registration of Sahara Mutual Fund and ordered transfer of business to a new fund house.

In Sahara case, Buffett and Bernie Madoff are examples!

Last Updated: Sunday, July 19, 2015, 14:54

Sahara, on its part, has told court that it has been wrongly dragged into the dispute between two entities over "a potential business relationship gone sour".

Sahara asks US court to reject attachment plea for hotels

Last Updated: Sunday, July 12, 2015, 15:46

Slapped with a USD 350 million lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court here that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour".

Sale of Sahara's asset; SC asks realty firms to show bonafides

Last Updated: Tuesday, July 7, 2015, 20:48

The Supreme Court on Tuesday asked two real estate firms engaged in a tug of war over purchasing Sahara Group's over 140 acre land properties in Gorakhpur in Uttar Pradesh

Sahara Group says will defend lawsuit on US hotels sale

Last Updated: Thursday, June 25, 2015, 19:43

Facing a lawsuit in the US over sale of its overseas hotels, crisis-ridden Sahara Thursday said it was a "private dispute" between two parties unrelated to it and the group will "vigorously" defend its position.

US court issues show-cause notice to Sahara in $350-mn lawsuit

Last Updated: Monday, June 22, 2015, 19:00

In fresh troubles for Sahara, a US court has issued show-cause notice to the group in connection with a USD 350 million lawsuit seeking attachment of its two prized hotel assets here -- Plaza and Dream Downtown.

SC sets terms for Sahara chief Subrata Roy release from jail

Last Updated: Friday, June 19, 2015, 12:41

A bench of justices T S Thakur, A R Dave and A K Sikri while pronouncing its order said, "We have accepted the format of bank guarantees", subject to certain conditions.

SC refuses to grant immediate bail to Sahara chief Subrata Roy

Last Updated: Friday, June 19, 2015, 11:01

Sahara has to pay Rs 3,000 crore in nine installments post Roy's release. The Supreme Court has allowed Roy to use jail office for six weeks.

Supreme Court verdict on Sahara chief Subrata Roy likely today

Last Updated: Friday, June 19, 2015, 07:45

The Supreme Court is likely to pronounce, on Friday, the verdict that will decide the fate of Sahara chief Subrata Roy and two group directors who are in jail since March 4 last year for not complying with the court's order to return investors' Rs 24,000 crores that two group companies SIRECL and SHFCL had collected in 2007-08.

Sahara seals Rs 5,500-cr debt deal for foreign hotels: Report

Last Updated: Monday, June 8, 2015, 14:08

In a major deal for Saharas, billionaire brothers David and Simon Reuben have acquired control of the crisis-hit Indian group's iconic Grosvenor House hotel here and the two US properties -- Plaza and Dream Downtown -- in a USD 850 million (Rs 5,500 crore) debt refinance deal, a media report said .

Sahara says avoids forced sale of Grosvenor House

Last Updated: Sunday, June 7, 2015, 20:53

"The deal restores Sahara`s ability to renegotiate the loan terms with the new lender, or with third parties," it said.

Sahara clinches $850 mn debt deal for foreign hotels: Report

Last Updated: Sunday, June 7, 2015, 20:23

In a relief for the crisis-hit Sahara Group, the Indian company has sealed the sale of its Grosvenor House hotel here and two US properties -- Plaza and Dream Downtown -- in a $850 million debt refinance deal, a local media report said on Sunday.