Investors

  • Will deposit Rs 3,000 cr within 3 days of Roy's release: Sahara to SC 21-04-2014 02:38 PM

    New Delhi: The Sahara group has made a new proposal to the Supreme Court in the investors' payment case. It has now proposed to deposit Rs 3,000 crore within three days of its chief Subrata Roy's release. Sahara has also said that it will pay an additional Rs 3,000 crore...
  • Sahara seeks contributions from employees to secure bail for Subrata Roy 28-03-2014 03:47 PM

    New Delhi: Sahara has turned to its employees to help get chief Subrata Roy out of jail. In a letter to all its employees on Friday, Sahara sought a minimum contribution of Rs 1 lakh per head in order to pay Roy's bail bond of Rs 10,000 crore. The employees...
  • Impossible to pay Rs 10,000 cr for bail to Subrata Roy: Sahara to SC 27-03-2014 04:35 PM

    New Delhi: The Sahara Group on Thursday told the Supreme Court that it was "virtually impossible" to meet with its demand of Rs 10,000 crore in order to grant bail to the company's chief Subrata Roy. The court has adjourned hearing till April 3. Till then, Roy will stay in...
  • Investors' funds case: Sahara proposes to pay dues in 5 instalments 25-03-2014 04:29 PM

    New Delhi: The Sahara Group made a fresh proposal to the Supreme Court on Tuesday in the investors' funds case. Sahara said it will repay the entire amount it owes to its investors in five instalments by March 31, 2015. The company said it will pay Rs 2500 crore within...
  • Sahara moves SC, calls detention of Subrata Roy, other directors illegal 12-03-2014 10:46 AM

    New Delhi: Sahara on Wednesday moved a petition before the Supreme Court saying its chief Subrata Roy and two directors had been illegally detained by the court. "They have been put behind bars for contempt, but they were never a party before the Supreme Court," the plea said. The SC...
  • SC rejects Sahara's proposal to pay investors' money in instalments 07-03-2014 02:23 PM

    New Delhi: The Supreme Court on Friday rejected a Sahara proposal to pay off its investors' money in instalments. Sahara had proposed to pay Rs 2500 crore of its unpaid dues in three working days and the rest of the amount in an-year-and-a-half. The top court lashed out at Sahara...
  • Sahara moves SC, offers to pay investors in instalments 07-03-2014 10:51 AM

    New Delhi: The Sahara Group has offered to pay its investors in instalments. The group's lawyers moved the Supreme Court on Friday, saying that Sahara will make payments in a time-bound manner. The court has asked Sebi to study Sahara's proposal and give its views by 11.30 am on Friday....
  • Sahara's Subrata Roy, 2 directors sent to Tihar jail till March 11 04-03-2014 05:38 PM

    New Delhi: It was a day of hectic and dramatic developments in the Supreme Court which heard the Sahara case on Tuesday. Subrata Roy along with two other company directors have been sent to judicial custody till the next date of hearing on March 11. The detention of the fourth...
  • Have paid all liabilities except Rs 2000 cr, says Sahara 28-02-2014 04:30 PM

    New Delhi: Hours after Sahara chief Subrata Roy's arrest, the Sahara group has released a fresh statement saying the company has repaid all liabilities of the OFCD except Rs 2,000 crore. The company says that 20 to 30 truck loads of documents have not yet reached Sebi despite all efforts....
  • SEBI rejigs committee on investor education and protection 27-01-2014 06:46 PM

    Mumbai: Market regulator SEBI has revamped its advisory committee that provides suggestions on issues related to investor education and protection activities. The Securities and Exchange Board of India (SEBI) had formed the advisory committee for 'Investor Protection and Education Fund (IPEF)' in 2009. The committee is mandated to recommend investor...
  • India-born investor Suhail Rizvi gains big from Twitter IPO, rakes in $3.8 bn 08-11-2013 05:17 PM

    New York: Suhail Rizvi, an enigmatic India-born investor, has emerged as one of the biggest gainers from Twitter's high-profile public debut with his 15.6 per cent stake in the micro-blogging site worth a whopping $3.8 billion. Rizvi is the "non-boldface name of the moment", a report in the New York...
  • BJP PM candidate sells Gujarat growth stories to woo foreign investors 14-10-2013 07:25 PM

    Ahmedabad: In an attempt to woo foreign investors, Gujarat Chief Minister Narendra Modi on Monday sold his Gujarat model of development. He was addressing the 2013 Global meeting of emerging markets forum. From democratic style of functioning to people's participation, Modi left no stone unturn to highlight various aspects of...
  • Retail loans for festive season to be announced soon: Rajan 05-10-2013 08:55 AM

    Raipur: Reserve Bank of India (RBI) governor, Raghuram Rajan, said the government was in talks with the bank to decide the contours of a package for retail investors for the festive season, which would be announced soon. Rajan was speaking in Raipur after the RBI's board meeting on Friday. Indian...
  • Microsoft investors push for chairman Bill Gates to step down 02-10-2013 09:37 AM

    Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter. While Microsoft Chief Executive Steve Ballmer has been under pressure for years...
  • PM addresses 'mistaken' concerns about India's economy, invites US companies to invest 28-09-2013 11:13 AM

    Citing long-term opportunities in sectors like infrastructure and defence, Prime Minister Manmohan Singh on Saturday invited US companies to invest in India while asserting that concerns about the country's growth prospects and economic policy environment are "mistaken". Seeking to assure the foreign investors, he told US industry leaders that virtually...
  • Panel probing Odisha chit-fund scam extends deadline 02-09-2013 11:51 AM

    Bhubaneswar: A one-man commission probing the multi-crore-rupee Odisha chit-fund scam has extended the deadline for submission of complaints to Sep 18, the commission secretary said Monday. The commission was appointed in May to probe the alleged fraud committed by chit-fund companies and suggest ways to safeguard the interests of investors...
  • Government has no control over its administration, say investors 28-08-2013 07:28 PM

    The depreciation in the value of rupee has left the investors on the Dalal Street worried. As rupee hit its life low and closed at 68.80 on Wednesday, investors believe that the way in which the fiscal deficit is stressed and increased and the way the policy decisions are being...
  • K'taka: Siddaramaiah's socialist ideologies disappoint corporate world 10-08-2013 10:10 AM

    Bangalore: Karnataka's industry groups are unhappy with the new Chief Minster Siddaramaiah as they feel that his socialist ideologies were getting in the way of corporate development. Nearly three-month after taking over, he isn't exactly charming to the corporate world. He has not cleared a single major project so far...
  • British regulator fines Indian-origin brokers, 2 others for RIL GDR manipulation 08-08-2013 07:03 PM

    London: British regulator FCA on Thursday fined an India-origin broker and two others in a case of financial market manipulation here by an Indian businessman in securities of Reliance Industries Ltd (RIL). While a 6 million pound (Rs 56 crore) fine has already been imposed on the Indian businessman, Rameshkumar...
  • India Inc hails relaxation in multi-brand retail norms 02-08-2013 12:31 AM

    New Delhi: Hailing government's announcement to relax investment norms in multi-brand retail and raising FDI caps in several sectors, India Inc on Thursday said reforms were "much-needed" and will boost the confidence of foreign investors which will help in reviving the economy. "These reforms were much-needed," industry chamber CII said....
  • Andhra Pradesh split: Will investment take a hit in Hyderabad? 31-07-2013 11:14 PM

    Hyderabad: With Andhra Pradesh headed for a divide, investors from Seemandhra are worried about the fate of Hyderabad which will be the joint capital of Telangana and Andhra Pradesh for 10 years. Over the years, Hyderabad has established its image as one of India's top professional cities. It is India's...
  • SEBI approves overhaul of foreign investment rules 25-06-2013 07:16 PM

    Mumbai: The Securities and Exchange Board of India (SEBI) approved an overhaul of rules for foreign investors, including easing registration procedures and simplifying categories, in a bid to attract vital flows needed to narrow a record high current account deficit. The SEBI approved the rules at its board meeting on...
  • SEBI to auction Rs 42,022 crore worth government bonds for FIIs 20-06-2013 08:56 AM

    New Delhi: Market regulator SEBI will conduct an auction on Thursday for grant of investment limits to foreign investors in government debt securities worth over Rs 42,000 crore - the biggest sale of G-Secs so far this year. It would be first auction for debt securities since a hike in...
  • Investor advisory firm questions Murthy's reappointment at Infosys 15-06-2013 08:49 AM

    Mumbai: NR Narayana Murthy may be back at the helm of Infosys, but this has not gone down well with investors and industry observers. Institutional Investor Advisory Services (IIAS), an investor advisory firm, believes that by reappointing Murthy, Infosys has compromised on the very principles it so strongly advocated during...
  • Parl panel to submit report on chit funds in Monsoon session 31-05-2013 05:21 PM

    New Delhi: A Parliamentary panel looking into chit funds and ponzi schemes in the backdrop of Saradha scam in West Bengal, will give its recommendations on preventing recurrence of such incidents to Parliament in the forthcoming Monsoon session. "We have completed deliberations on the ponzi schemes and will submit our...
  • Odisha government orders judicial probe into the chit fund scam 30-05-2013 02:20 PM

    Bhubaneswar: The Odisha government has ordered a judicial probe into the chit fund scam. The government has requested the High Court to appoint a sitting judge to probe the scam and has requested to finish the probe in three months. The role of politicians and bureaucrats will also be probed....
  • Chit fund firms in Jharkhand swindle Rs 100 cr a month 29-05-2013 11:37 AM

    Bokaro: More than a month after the Sharada chit fund scam was exposed in West Bengal, CNN-IBN has found chit fund schemes mushrooming in Jharkand as well. Fraudulent companies are swindling Rs 100 crore per month in the state. It is hard to believe that a deserted office in the...
  • Chidambaram to visit Dubai to woo investors 25-05-2013 03:45 PM

    New Delhi: With a view to seek foreign investments, Finance Minister P Chidambaram will be visiting Dubai on Sunday to sell India's growth story to sovereign wealth funds. The Minister is scheduled to meet his counterpart in Dubai and also hold bilateral consultations with the SWFs (Sovereign Wealth Funds) in...
  • Chit fund scam: Mukherjee sent to Judicial custody 20-05-2013 11:03 PM

    Kolkata: Saradha Group director and close associate of Sudipta Sen, Debjani Mukherjee was on Monday remanded in judicial custody till May 31 by the Bidhanagar court. Mukherjee, who failed to present herself before the Bidhanagar Court a few days back due to ill health, was produced before the Additional Chief...
  • FIIs invest Rs 12,000 crore in stock market 19-05-2013 11:58 AM

    New Delhi: Overseas investors have poured in nearly Rs 12,000 crore (about USD 2.2 billion) into the Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore (USD 13.5 billion) since January. During May 2-17, foreign institutional...