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PTI
November 16, 2018



PTI
November 16, 2018



PTI
November 5, 2018



BusinessToday.In
New Delhi, November 2, 2018
SEBI orders Sahara Group to refund Rs 14,000 crore to investors; US revokes duty-free concession on import of 50 Indian products; IMF says monitoring situation in India; bats for RBI's independence; carmakers see lacklustre sales during festive season; Modi using nationalism to promote domestic payments network, RuPay: Mastercard. Watch more in this episode of Business Wrap.


PTI
November 2, 2018



BusinessToday.In
New Delhi, November 2, 2018
SEBI orders Sahara Group to refund Rs 14,000 crore to investorsIn a major setback to Subrata Roy, SEBI has found that another Sahara group firm has raised over Rs 14,000 crore in violation of legal norms and has issued a fresh order on Wednesday to the company and its directors to refund the money to investors with 15 percent annual interest. The order relates to collecting funds between 1998 and 2009 from nearly 2 crore investors through through optionally fully convertible debentures (OFCD)...


Mail Today Bureau
New Delhi, November 2, 2018
The order states that the repayments must be done through non-transferrable bank demand draft or pay order.


PTI
November 1, 2018



PTI
November 1, 2018



PTI
October 15, 2018



PTI
September 30, 2018
Russian fertiliser group Uralkali said that by turning down its higher bid for the company, the administrators had denied the extra funds that would have accrued to the shareholder of Force India, Mallya's Orange India Holdings Sarl.


Prosenjit Datta
New Delhi, September 14, 2018
Mallya kept borrowing more and more to keep KFA flying - putting up his shares and other assets as collateral to keep getting loans from banks.


Rajeev Dubey
August 11, 2018
'No' says Jet Airways emphatically. But with mounting losses, negative net worth of Rs 7,100 crore and liabilities well in excess of assets, it may be very, very close.


BusinessToday.In
New Delhi, August 3, 2018
Mallya, who has been on the run since March 2016 because of his failure to repay Rs 9,000 crore to various banks, is currently living in London.


BusinessToday.In
New Delhi, July 31, 2018
Vijay Mallya 'devastated' to lose control of Force India F1 team Liquor barron Vijay Mallya is 'devastated' to have lost control of the Force India Formula One team but the embattled tycoon should still have a say in what happens next, according to his right-hand man Bob Fernley. The Briton, who was deputy team principal until a court-appointed administrator took charge last Friday, told Reuters that Mallya would act in the best interests of a team he acquired in 2007. Mallya...


Reuters
July 30, 2018
The team means a huge amount to himand he's devastated with the situation as it is at the moment. But as the majorcreditor he hopefully can make sure it is in the right hands going forward togo on to better things, says Mallya's right-hand man BobFernley.


BusinessToday.In
New Delhi, July 13, 2018
On July 5, a UK High Court judge issued an enforcement order in favour of a consortium of 13 Indian banks allowing them to enter, search and seize goods from Mallya's current location. However, most of the Mallya's assets are not in his name, and hence won't be of any use to the recovery officials. Watch BusinessToday.In video on what India can and can't seize from fugitive Vijay Mallya.


PTI
July 4, 2018
The Plaza Hotel, one of New York's most iconic buildings in which Subrata Roy-led Sahara India group has majority stake, has been fully acquired by a Qatar government-owned fund for about $600 million, according to a media report today.


PTI
May 16, 2018



PTI
May 2, 2018



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