Sahara case: SC puts curbs on pleas in tribunal, high court

New Delhi: Subrata Roy, the chief of the Sahara conglomerate, one of India's biggest corporate groups, has said he feels victimised by a chain-reaction of events that began with a political vendetta, followed by regulatory clampdowns by the Reserve ...

Over three-and-a-half years after receiving draft papers for the proposed IPO of Sahara Prime City Ltd, Sebi has formally closed this file as the company failed to submit clarifications sought by the market regulator.Sebi closed file on the Rs 3,450-crore (Rs 34.5 billion) IPO proposal last week without any go-ahead for public issue, after various clarifications sought from merchant bankers for the share sale remained pending for months together.Sebi had received the draft prospectus for the ...

By Tony Munroe and Devidutta Tripathy KHALILABAD, Uttar Pradesh (Reuters) - Like millions of Indians, Jag Ram Chaudhary invested with the Sahara conglomerate - 1,300 rupees a month in his case - to put away money for a rainy day. "My wife had an ...

In a fresh setback to Sahara, the Himachal Pradesh High Court today restrained the Lucknow-based group and its entities from collecting money from the general public through any of the schemes floated by them. Passing an interim order restraining ...

Kenya leads Africa in private equity firms' investments [Business Daily (Kenya)] George Ngigi -1Al Bawaba Ltd. Kenya is the most preferred market for private equity firms in Africa, according to the findings of a new survey, boosting the country's ...

A division bench of the Lucknow High Court will hear the Sahara-Securities Exchange Board of India (Sebi) case on Friday. Subrata Roy led Sahara India had filed a writ petition seeking to quash the market regulator's February 13 order. The court had directed ...

Godrej Properties Ltd., the real estate development arm of the Godrej Group, announced the launch of Phase III of its residential project, Godrej Summit, near Dwarka Expressway, in Sector 104, Gurgaon. Top Stories SEBI should have verified investor ...

Cyprus-registered funds—which have invested in debt products in India—are refusing from taking their redeemed investments back to the island nation, according to a media report. These funds are of private equity entities and institutions. Top ...

Amid a fierce regulatory battle with capital markets watchdog SEBI, diversified conglomerate Sahara group has seen three independent members exiting from the boards of its various companies. Those having relinquished their association with Sahara ...