The 26-year-old middle order batsman got the opportunity to lead the side after regular captain Stuart Broard suffered a heel injury. ...
08:20 PM, Dec 19, 2012
New Delhi: Dutch hockey legend Roelant Oltmans is set to become the coach of the Sahara India Pariwar-owned Lucknow franchise in the inaugural Hockey India League, schedued to begin in January 17 next year. While Oltmans has been handpicked for the coach's job, Sahara has appointed former India captain Dhanraj Pillay as the technical director of the team. "Oltmans is set to become the coach of our team. We have...
06:05 PM, Dec 11, 2012
New Delhi: Hours after the Supreme Court directed Sahara Group to make payment of Rs 24,000 crore to its investors within nine weeks, the company said it was ready to pay as per the directives. In a statement issued by its lawyer on Wednesday, Sahara said it had offered to repay the holders of Optionally Fully Convertible Debentures (OFCDs). Sahara claimed that it had kept two pay orders ready. "As...
09:41 PM, Dec 05, 2012
New Delhi: The Supreme Court (SC) on Wednesday gave the Sahara Group more time in the refund case and asked the company to refund Rs 24,000 crore to its investors by February, 2013. The apex court said the first demand draft of Rs 5,120 crore should be paid immediately while, the remaining amount should be paid in two equal installments. The first installment of Rs 10,000 crore is to be...
12:46 PM, Dec 05, 2012
New Delhi: The Supreme Court has deferred a hearing over the Sahara conglomerate's failure to meet the court's guidelines to repay crores of rupees it had raised from investors through bond sales that were later ruled to be illegal. The Supreme Court said it would hear the case on Wednesday, after a lawyer for Sahara sought more time to reply to why the group had not complied with the court's...
01:37 PM, Dec 04, 2012
New Delhi: The Supreme Court on Monday rapped Sahara Group for not complying with its order for refunding Rs 27,000 crore to its investors saying the intention of the company looks "shaky". "Your intention is very shaky. Every step taken by you is shaky," it said. The apex court added that Sahara Group's reasoning for not refunding its investors is "unjustifiable". "You are justifying your conduct which is unjustifiable," the...
01:14 PM, Dec 03, 2012
New Delhi: Sahara Group on Friday moved the Supreme Court against the order of the Securities Appellate Tribunal (SAT) dismissing its appeal against market regulator SEBI in a case involving refund of about Rs 24,000 crore with interest to about three crore investors. A bench headed by Chief Justice Altamas Kabir listed the matter for hearing on Monday. The counsel for Sahara told the bench that the company was ready...
06:26 PM, Nov 30, 2012
Mumbai: The Securities Appellate Tribunal on Thursday dismissed an appeal by two Sahara group firms against Sebi in the high-profile case involving refund of about Rs 24,000 crore with interest to about three crore investors. Sahara firms in their appeal had sought the tribunal's intervention in refund of investors' money and had accused the market regulator Sebi of wrongly charging them of non-compliance with a Supreme Court order in this...
06:38 PM, Nov 29, 2012
Sao Paulo: Nico Hulkenberg ended his partnership with Sahara Force India on a high as he secured 10 points for the side at the season-closing Brazilian Grand Prix with a fifth place finish, here on Monday. History was beckoning the young German when he was locked in an intesne race-lead battle with Mercedes' bound Lewis Hamilton but an overtaking manoeuvre in lap 49 brought him a costly drive through penatly,...
12:24 AM, Nov 26, 2012
New Delhi: Market regulator SEBI has begun prosecution proceedings against two Sahara firms and their top officials, while accusing them of failing to provide documents related to three crore investors as per a Supreme Court order. The prosecution proceedings have been launched against Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHCIL), as also their promoter/directors - Ashok Roy Choudhary, Ravi Shankar Dubey, Vandana Bhargava...
01:43 PM, Nov 25, 2012
Sao Paulo: Sahara Force India drivers Paul di Resta and Nico Hulkenberg had good outings as they finished sixth and seventh respectively in the third free practice for the Brazilian Grand Prix, here on Saturday. Great Britain's Di Resta took 1:13.486 to complete 21 laps while Hulkenberg of Germany needed 1:13.602 to finish 22 laps at the Interlagos Racing Circuit. Hulkenberg should have fond memories of this circuit as it...
10:23 PM, Nov 24, 2012
Sao Paulo: Sahara Force India will get a boost of 50 million pounds for an improved showing in the next season, said team principal Vijay Mallya who does not rule out the possibility of Adrian Sutil returning to his team in place of outgoing Nico Hulkenberg. "We have shown that every year we get better, so we expect nothing less next season. But it is also time for us to...
10:06 PM, Nov 22, 2012
Austin: Outgoing driver Nico Hulkenburg continued his consistent run with Sahara Force Indian Formula One team, picking up four points for the outfit with an eighth-place finish at the United States Grand Prix. The result means the team has scored points in the last eight races. Force India's other driver, Paul Di Resta, came home in the 15th spot. "Another tough race but very satisfying to have so many good...
01:29 PM, Nov 19, 2012
New Delhi: Market regulator SEBI on Friday filed a contempt petition against the Sahara Group in the Supreme Court for not complying with its directions relating to refund of about Rs 24,000 crore by its two firms to their investors. The petition by SEBI said the two firms, Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC), have not followed the apex court's direction to furnish within...
04:02 PM, Nov 03, 2012
Hyderabad: The services team suffered a major setback in the 59th Sahara Mens National Boxing Championship presented by the Monnet Ispat and Energy Limited with 2010 South Asian Games gold medallist Chhote Lal Yadav losing out in the quarter-finals of the bantam weight division. The 24-year-old, put up a good fight against some power hitting from S Santosh Singh of Manipur, but in the end came up short. Yadav a...
09:41 PM, Nov 02, 2012
Hyderabad: Commonwealth Games bronze medallist Amandeep Singh of the Railways and 2009 Asian Championship gold medallist Nanao Singh of the Services team won their pre-quarterfinal matches to be on course to clash in the championship round. Round three saw both the pugilists defeat their respective opponents with straightforward victories to march into the quarter-finals of the event. Nanao, who was the first to take to the ring, locked horns with...
08:48 PM, Nov 01, 2012
Saharanpur: The exploits of Saharanpur police on Tuesday embarrassed the force when a woman planned her own abduction after seeing an advertisement of a television serial aired on a private channel and sent the police on a wild goose chase. The advertisement showed a NRI woman as missing. It is alleged that a woman who was alleged to be missing, saw the advertisement and made the plan. The woman is...
02:04 PM, Nov 01, 2012
Hyderabad: Day two of the 59th Sahara Men’s National Boxing Championship presented by the Monnet Ispat and Energy Limited and the action heated up with the competition moving into the second phase of the preliminaries, the round of 16. In the light fly weight division Commonwealth Games bronze medallist Amandeep Singh of the Railways and 2009 Asian Boxing Championship gold medallist Nanao Singh of the Services set the canvas on...
07:31 PM, Oct 31, 2012
Abu Dhabi: Sahara Force India drivers say the Yas Marina cicruit suits them well and they are optimistic of carrying forward the good run into the Abu Dhabi Grand Prix on Sunday. Force India had both of its cars in the points bracket in the 2011 season at the Yas Marina circuit with Adrian Sutil finishing eighth ahead of team-mate Paul di Resta. In the 2012 season, Force India are...
05:46 PM, Oct 31, 2012
The left-hander also said he had made his intention clear to Pune's officials during the last edition itself. ...
04:48 PM, Oct 29, 2012
