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Kingfisher redux? Sahara employee commits suicide after not getting pay for 4 months

Mar 25, 2015

Kingfisher redux? Sahara employee commits suicide after not getting pay for 4 months

Saharas long-drawn dispute with regulator Sebi over investor repayments has begun to take its toll on the groups employees as a deputy manager with Sahara India Co-operative Society who did not get his salary for four months committed suicide by jumping from the eighth floor of his office building on Tuesday. #Sahara Group #Kingfisher Airlines #Tihar jail #Subrata Roy
US-based Mirach files $400 mn defamation suit against Sahara

Mar 17, 2015

US-based Mirach files $400 mn defamation suit against Sahara

US-based Mirach Capital today said it is initiating a $400 million defamation lawsuit againstthe Sahara group, while alleging that the failed financing deal with the Indian conglomerate has caused "irreparable harm" and "shaken investor confidence". #Sahara Group #Supreme Court #Subrata Roy #Sahara #Mirach Group
Sahara puts London-based Grosvenor House on sale, may fetch Rs 5,000 cr

Mar 03, 2015

Sahara puts London-based Grosvenor House on sale, may fetch Rs 5,000 cr

Grosvenor House, a landmark property on Park Lane here, is one of the three marquee hotels owned by Sahara outside India, the other two being Plaza and Dream Downtown in New York. #Sahara Group #CompanyWatch #Subrata Roy #Deloitte #Jones Lang LaSalle #Grosvenor House #dream downtown #The Plaza
Sahara's woes continue: Supreme Court asks it to explain diversion of funds

Feb 25, 2015

Sahara's woes continue: Supreme Court asks it to explain diversion of funds

Sahara Group landed in a soup again as the Supreme Court asked it to explain how it encashed securities, deposited with RBI, and diverted them to pay depositors to the tune of Rs 484 crore without the court's nod. #Sahara Group #NewsTracker #Supreme Court #Subrata Roy #SC #Supreme Court of India
Sahara's Subrata Roy fails to get hearing on special facilities

Feb 20, 2015

Sahara's Subrata Roy fails to get hearing on special facilities

Roy's application filed early this week for extension of facilities by four to six weeks did not come up for hearing and an effort to get relief today from a bench headed by Justice TS Thakur failed. #Sahara Group #NewsTracker #Supreme Court #Subrata Roy