UN chief regrets Morocco ''misunderstanding'' over Western Sahara remark

UN Secretary-General Ban Ki-moon regrets a "misunderstanding" over his use of the word "occupation" to describe Morocco`s annexation of Western Sahara, which led to Morocco expelling dozens of United Nations staff, his spokesman said on Monday.

Sahara chief Subrata Roy's book from Tihar tops chart, then slips

Sahara chief Subrata Roy's book from Tihar tops chart, then slips

As the embattled Sahara chief Subrata Roy completes two years in prison, there is something he can cheer about. Roy`s book "Life Mantras", which hit the stands last month, has been rated a bestseller in the non-fiction category by Nielsen Bookscan, a data provider for the publishing industry.

 

ED to monitor investors in Sahara

ED to monitor investors in Sahara

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European corporate offers $5 billion to bail out Sahara

European corporate offers $5 billion to bail out Sahara

The Supreme Court on Monday sought a response from the beleaguered Sahara Group as to why a Receiver be not appointed to dispose of their properties to arrange Rs 36,000 crore paying its investors even as an European corporate offered to lend USD five billion to bail out the group's jailed chief Subrata Roy.

US court rejects plea for attachment of Sahara hotels

US court rejects plea for attachment of Sahara hotels

In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels here.

RBI cancels Sahara India's para-banking license

RBI cancels Sahara India's para-banking license

The notice cancelling its license to conduction financial business has been sent to the Kapurthala head quarter of the Sahara India.

Fresh trouble for Sahara Group; SC seeks reply on I-T return notice

Fresh trouble for Sahara Group; SC seeks reply on I-T return notice

In what could spell fresh trouble for Sahara chief Subrata Roy, the Supreme Court has asked the company to reply to the notice sent by Income Tax department.

Two foreign firms move SC to buy Sahara's overseas hotels

Two private firms on Friday moved the Supreme Court expressing their willingness to buy Sahara Group's three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels, which will help raise money for release of Subrata Roy from jail.

Sebi cancels registration of Sahara Mutual Fund

The Securities and Exchange Board of India (Sebi) on Tuesday cancelled registration of Sahara Mutual Fund and ordered transfer of business to a new fund house.

In Sahara case, Buffett and Bernie Madoff are examples!

Sahara, on its part, has told court that it has been wrongly dragged into the dispute between two entities over "a potential business relationship gone sour".

Sahara asks US court to reject attachment plea for hotels

Slapped with a USD 350 million lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court here that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour".

Supreme Court verdict on Sahara chief Subrata Roy likely today

The Supreme Court is likely to pronounce, on Friday, the verdict that will decide the fate of Sahara chief Subrata Roy and two group directors who are in jail since March 4 last year for not complying with the court's order to return investors' Rs 24,000 crores that two group companies SIRECL and SHFCL had collected in 2007-08.

Migrants trade tales of hope and despair in African desert town

In a dusty town on the edge of the Sahara Desert, migrants waiting to be whisked away towards a new life in North Africa or Europe cross paths with others who have returned destitute and devoid of all illusions.

African migrants risk all in Sahara to reach Europe

In a sandy compound in the Niger desert town of Agadez, a white-turbaned imam blesses a circle of African migrants, some of them little more than boys, to protect them on the journey across the Sahara toward Europe.

Sahara enters fray for its own Grosvenor hotel!

In an interesting turn of events, crisis-hit Sahara has entered the fray for buying its own Grosvenor House hotel, which was put on sale by its lender Bank of China after a 'technical default'.

Sahara chief Subrata Roy to be released on bail today?

Last week Sahara Group had informed the SC that it was ready to comply with the court's order of paying Rs 10,000 crore for Roy's bail including a bank guarantee of Rs 5000 crore.

Sahara Group agrees to pay Rs 10,000 crore to ensure Subrata Roy`s bail

The apex court on August 31, 2012 had said the group was required to refund Rs 24,000 crore with 15 percent interest in three months to the depositors.

Sahara supports Sebi's claim to bring $13-mn to refund account

Sahara has supported the regulator's claim before a US court to bring back nearly USD 13 million from sale proceeds of a business jet of the crisis-hit group.

HC stays warrant for Subrata Roy's appearance in IT case

The court also issued notice to the income tax department seeking their response before the next date of hearing.

Delhi HC stays warrant against Subrata Roy's in IT case

The Delhi High Court on Friday stayed warrant issued by trial court against Sahara chief Subrata Roy, company's three directors for appearance in an Income Tax case.