SUBRATA

  • Sahara moves Supreme Court for extension of facilities to Subrata Roy in jail by 6 weeks February 17, 2015

    New Delhi: Supreme Court on Tuesday expressed concern over how Sahara Group would raise money to secure its chief Subrata Roy's release, as the group sought extension of facilities inside Tihar jail premises by four to six weeks to enable him negotiate deals with prospective buyers. The apex court expressed concern...
  • Upset Mamata Banerjee clips TMC MP Mukul Roy's wings, appoints new party office bearers February 14, 2015

    Kolkata: Upset with party MP Mukul Roy skipping the meeting, Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee on Saturday clipped his wings and announced new office bearers. TMC MP Subrata Bakshi has been appointed All-India additional General Secretary, MP Dinesh Trivedi is All India Vice President...
  • SEBI-Sahara row:RBI moves SC to stop SIFCL from selling assets February 13, 2015

    New Delhi: In a fresh turn of events in the Sahara case, RBI on February 13 moved to the Supreme Court seeking to implead itself as a party in the company's tussle with SEBI and sought to stop one of its firms from disposing off assets for securing the release...
  • Sahara to take legal action against Mirach after deal collapse February 13, 2015

    Mumbai: Indian conglomerate Sahara said on Thursday it was taking legal action against US-based Mirach Capital Group after the collapse of talks between the two, intended to raise funds to pay the $1.6 billion bail of Sahara chief Subrata Roy. The talks involved a loan by Mirach secured against some of...
  • Working on another deal to raise funds to secure release of Subrata Roy: Sahara February 12, 2015

    New Delhi: Sahara said on Thursady that they are working on another deal to raise funds to secure the release of their chief Subrata Roy from Tihar jail. This came after the Supreme Court was informed that the proposed transactions for a loan of around US dollar 1,050 million from...
  • Sahara saviours deny fraud, say ready to buy company assets February 6, 2015

    Washington: Denying "unfounded" allegations of forgery, the US-based Mirach Capital Group has asserted that it remains "ready, willing and able" to buy Sahara assets, but its loan offer was no longer on the table. The syndicate of five UK and US investors, which had last month made a $2 billion loan...
  • Mysterious turn to Sahara's $2-billion deal, Bank of America denies any role February 6, 2015

    New Delhi: In a curious turn to crisis-ridden Sahara Group's efforts to raise funds to secure bail for its chief Subrata Roy, Bank of America has refuted claims of being a banker to the USD 2-billion funding offered by little known US-based entity Mirach Capital. "We are in no way...
  • Sebi lowers Sahara case expense estimates to Rs 25.88 crore February 1, 2015

    New Delhi: As a prolonged Sebi-Sahara battle continues, the regulator has revised lower the expenditure it intends to recover from the business group to Rs 25.88 crore in the current fiscal towards money spent on identifying the investors and making refunds. As per the court orders, Saharas were asked to bear...
  • Saradha scam: Mamata Banerjee should be removed as West Bengal CM, says Kunal Ghosh January 28, 2015

    Kolkata: Suspended Trinamool Congress (TMC) Kunal Ghosh, who is in custody in the multi-crore Saradha chit fund scam, on Wednesday said Mamata Banerjee should be removed from the post of West Bengal Chief Minister. "All those who are accused in the Saradha chit fund case should resign and face probe and...
  • Enhanced security measures are in place ahead of Obama's visit: Army January 24, 2015

    "Sensitive areas near the border are under surveillance. Enhanced security measures are in place ahead of US President Barack Obama's visit," said Subrata Saha. ...
  • I-League: Royal Wahingdoh beat Salgaocar January 24, 2015

    Margao: Royal Wahingdoh defeated hosts Salgaocar FC 1-0 in an I-League match at the Fatorda Stadium on Friday. Jackichand Singh netted the game-clinching goal for side from northeast in the seventh minute, capitalising on a miscommunication between goalkeeper Subrata Paul and defender Augustin Fernandes. He controlled a long ball sent from team-mate...
  • 'Don't think Sahara can pay off debts, expect to take control of hotels before time' January 21, 2015

    Mumbai: An investment vehicle lining up a $2 billion package to help bail the boss of India's troubled Sahara out of jail said it expects to ultimately take control of landmark hotel assets like New York's Plaza after the conglomerate fails to repay lenders. Saransh Sharma, a San Jose, California-based investor...
  • TMC minister Manjul Krishna Thakur resigns from Mamata Banerjee government, joins BJP January 15, 2015

    Kolkata: In a jolt to West Bengal's ruling Trinamool Congress (TMC), minister Manjul Krishna Thakur on Thursday quit the ministry and joined the Bharatiya Janata party (BJP). Thakur, who holds the refugee, relief and rehabilitation portfolio in Chief Minister Mamata Banerjee's cabinet and his son and panchayat functionary Subrata Thakur joined...
  • SC allows Sahara group's proposed loan transaction from abroad for raising funds January 9, 2015

    New Delhi: In a relief for Subrata Roy, the Supreme Court on Friday allowed the Sahara Group to go ahead with its proposed loan transaction from abroad for raising funds to ensure release of Subrata Roy from jail. As per court's directions Sahara Group will have to seek permission from Reserve...
  • SC refuses to free Sahara's Subrata Roy from custody December 17, 2014

    New Delhi: The Supreme Court on Wednesday declined Sahara Group chief Subrata Roy's plea for release from jail along with his two other directors. The trio were taken into custody March 4 for non-compliance of Aug 31, 2012, order to return investors' money that Sahara's two real estate companies - Sahara...
  • SC defers verdict on Sahara plea to raise more debt on hotels December 17, 2014

    Mumbai: The Supreme Court on Wednesday deferred a verdict on embattled Sahara conglomerate's plea seeking permission to raise more debt on its three overseas hotels, crucial to secure bail for its jailed chief Subrata Roy. Sahara needs to deposit an initial $1.6 billion to secure bail for Roy, held in a...
  • Sahara awaits court verdict that may give jailed chief Subrata Roy freedom December 17, 2014

    New Delhi: Embattled conglomerate Sahara is readying for a court verdict on Wednesday that will determine if it can take on a new loan and refinance debt on its overseas hotels, including the Plaza in New York, to secure the release of its jailed chief. Sahara Chairman Subrata Roy has been...
  • Tight security in Kashmir ahead of PM Modi's rally December 7, 2014

    Srinagar: A thick security blanket has been thrown around the city for Prime Minister Narendra Modi's maiden election rally in Kashmir as helicopters were deployed on Sunday for surveillance over the Sher-e-Kashmir Cricket Stadium, the venue of the event, and adjoining areas. "The security grid is in place and you...
  • Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 crore December 7, 2014

    New Delhi: After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore. Besides, talks are in final stages for sale...
  • To get Subrata out of Tihar, Sahara sells off Gurgaon land to M3M India for over Rs 1,200 crore December 4, 2014

    New Delhi: As it tries to raise funds for securing release of chief Subrata Roy from Tihar jail, Sahara group on Thursday sold a big land parcel in Gurgaon for Rs 1,211 crore to realty firm M3M India Ltd. The group is also believed to have clinched deals for sale of...
  • ISL: Indian goalkeepers hog the limelight November 30, 2014

    Kolkata: A poll to pick the best domestic performers in the Indian Super League will include a couple of domestic goalkeepers. The agile Indian custodians are proving more than equal to their counterparts from overseas in the star-studded football tournament that has brought the game back into national reckoning. The physically...
  • Sahara tells Supreme Court it will get a loan against its 3 hotels abroad November 28, 2014

    New Delhi: The Sahara group has informed Supreme Court that it has found somebody who is willing to give the company a loan against its three hotels abroad. The group has sought permission to transfer Rs 3070 crore in a Escrow account against these properties. SC has directed Sahara to deposit...
  • Sahara moves Supreme Court, seeks relief for Subrata Roy on deteriorating health condition November 25, 2014

    New Delhi: The Sahara group moved Supreme Court on Tuesday and appealed for relief for its chief Subrata Roy on his deteriorating health condition. The Supreme Court has said that they can only direct Tihar jail to give necessary treatment to Roy. The move comes a day after the Central Board of...
  • Delhi: CBDT raids Sahara properties in Noida and Greater Kailash November 22, 2014

    New Delhi: Central Board of Direct Taxes on Saturday morning raided Sahara properties in Noida and Greater Kailash in Delhi. The raids were conducted by Director-General of Income Taxes, Delhi. Sahara Chief Subrata Roy and two directors of Sahara group have been lodged in prison since early March for non-payment of...
  • ISL: Improving our defence was priority, says Mumbai FC coach November 3, 2014

    Mumbai: He sounded critical of his team's poor defending following a crushing defeat a few days back, but Mumbai City FC coach Peter Reid said he was delighted with his back four's performance in their Indian Super League match against Kerala Blasters. A stunning goal from Nicolas Anelka helped Mumbai City...
  • ISL: Future matches going to be more exciting October 13, 2014

    After a glittering opening ceremony and exciting first match, CNN-IBN's panel of experts feel that next games would be more exciting. ...
  • ISL 2014: Slick Atletico de Kolkata thump Mumbai City FC 3-0 in opener October 12, 2014

    Kolkata: It was the home team Atletico de Kolkata who won 3-0 against Mumbai City FC in the first game of the inaugural edition of the Indian Super League at the packed Vivekananda Yuva Bharati Krirangan on Sunday. A dunk in the 28th minute from Ethiopian striker Fikru Tefera...
  • Sahara eyes hedge fund support to secure Subrata Roy's release: Report October 12, 2014

    London: Sahara group is believed to be working on an over $1 billion debt refinancing deal with two American hedge funds for raising funds to secure release of its jailed chief Subrata Roy, a media report said on Sunday. The two funds would become financiers for over $1 billion (Rs 6,000...
  • Tihar to raise wall to stop articles being flung from outside October 12, 2014

    New Delhi: Tihar Jail authorities have decided to raise the height of the prison's boundary walls besides enhancing other security measures, after SIM cards and surgical blades were found hidden inside various articles which were flung from outside of the facility. A top official of the high-security jail said restricted...
  • India go down to Palestine 2-3 in football friendly October 6, 2014

    Siliguri: The Indian football team squandered a first-half lead to eventually go down to AFC Challenge Cup Champions Palestine 2-3 in an International friendly here on Monday. India led 2-1 at the interval at the Kanchenjunga Stadium. Down by an early 8th minute goal, India displayed character to overturn the table by...