US authorities probe alleged forged letter from Mirach in Sahara deal

Sahara had sought to borrow more than $1 billion from Mirach to help bail its chairman, Subrata Roy, out of jail in New Delhi.

Mirach fiasco: Sahara initiates legal action; eyes new deal

Accusing Mirach Capital of "cheating and forgery" in the failed USD 2.05 billion loan arrangement, Sahara today said it has initiated legal action against the US-based firm and it is now working on a new deal to raise funds to secure bail for its chief Subrata Roy.

Mirach calls off Sahara loan deal, returns fees

The Court had given time till February 20 for the deal, but it fell apart after Bank of America disclosed that it was not involved in the deal as was being claimed.

Manchester United owner Malcolm Glazer dead at 85

Malcolm Glazer, the controversial American owner of English Premier League giants Manchester United, died Wednesday. He was 85.

Sahara India Pariwar in talks to buy MGM

Indian conglomerate Sahara India Pariwar is in discussions about buying the debt of struggling film studio Metro-Goldwyn-Mayer for USD 1.5 billion to USD 2 billion.

Kraft snares Cadbury for $19.6 bn

Kraft Foods agreed a recommended deal to buy Cadbury for around 11.9 billion pounds ($19.6 billion), creating the world`s top confectioner after frantic last-minute talks broke an impasse over price.

Shiseido to buy Bare Escentuals for $1.7 bn

Japan`s top cosmetics maker Shiseido Co said Friday it had agreed to buy Bare Escentuals of the US for $1.7 billion in a friendly takeover.