Business highlights of the day: Subrata Roy, Maruti Suzuki, LIC, more

Mar 06 2014, 09:26 IST
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Accused of persistent non-compliance, Sahara group today offered Sebi fresh bank guarantees. Reuters Accused of persistent non-compliance, Sahara group today offered Sebi fresh bank guarantees. Reuters
SummaryAccused of persistent non-compliance, Sahara group today offered Sebi fresh bank guarantees...

Accused of persistent non-compliance, Sahara group today offered Sebi fresh bank guarantees for Rs 22,500 crore and help in verifying investors including those the group claims to have already refunded.

New Delhi: Calling him "chor", man from Gwalior today threw ink on the face of Sahara chief Subrata Roy when he was brought to the Supreme Court amidst chaotic scenes.

New Delhi: It was drama to the hilt outside Supreme Court today when Sahara chief Subrata Roy came here in his trademark white shirt and black half-waist coat, but saw black ink thrown on his face by a man.

Mumbai: Indian equity benchmark indices today bounced back to clock their best daily gain in seven weeks as global appetite for emerging market assets recovered on reports of easing tension between Russia and Ukraine.

Mumbai: Tracking local stocks, rupee today regained 19 paise to end at 61.85 against dollar as reports of easing geopolitical tension between Russia and Ukraine helped emerging market currencies script a smart recovery. (DEL40)

New Delhi: Stand-off between Maruti Suzuki India and its mutual fund investors seems to be worsening as these institutional shareholders are now planning to approach Sebi after the car maker failed to address their concerns.

New Delhi: Life Insurance Corporation has bought shares worth Rs 1,889 crore, about 4.66 per cent stake, in state-owned power equipment maker BHEL through an open market transaction.

New York: The technology boom has helped propel numerous fortunes lately, as the Forbes global rich list boasts of a record 123 billionaires including six Indians who derived their fortunes from technology ventures.

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