"Uber can now ply on Delhi roads," government lawyer Naushad Ahmad Khan told Reuters. "It, however, has been asked to appear before the competent transport authority to pursue the application."
The Delhi High Court was hearing the case after Jindal Steel and BALCO, majority owned by mining firm Vedanta Group Plc, appealed against the government's decision.
Sahara, whose assets stretch from a Formula One motor racing team to real estate and TV channels, has made several, failed attempts to raise the money by mortgaging its overseas assets and bail ou...
The Supreme Court has set conditions on the fund raising and asked Sahara to obtain approvals from Reserve Bank of India and other authorities to comply with forex rules.
The apex court has sought more details from the Group on how it intends to raise more debt and will hear the case next on January 9.
The Sebi says Sahara owes Rs 47,000 crore to investors and has petitioned the Supreme Court to order the company to reveal details of offers it received for the sale or mortgage of its hotels.
"The government will disclose names against whom we have prosecutable evidence," Finance Minister Arun Jaitley told reporters on Monday.
In September, Jayalalithaa was sentenced to four years in jail for holding Rs 53 core ($8.7 million) in unaccounted cash and property.
The suggestion by Attorney General Mukul Rohatgi sent shares of some of the big companies that hold coal blocks sharply higher on speculation this could lead to the court avoiding a wholesale canc...
The Supreme Court's decision pushed down sharply shares of Jindal Steel and Power and Hindalco Industries - two of the firms that won blocks during the time. A decision on the fate of the blocks will ...
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