|
|
|
|
|
Sahara chief back in jail
cell, hotel deal uncertain
iPhone 6 selling for
Rs 56k in India
India Inc supports Modi’s Swachh Bharat campaign
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
FB changes real-name policy
Deficit target tough, but achievable: Citi
|
|
Sahara chief back in jail
cell, hotel deal uncertain
New Delhi/ Mumbai, October 2 The Supreme Court had allowed the tycoon to use an office, phone, internet connection and three secretaries in the Delhi prison to facilitate the sale of three hotels, including Grosvenor House in London and the Plaza in New York. Roy needs to raise Rs 100 billion ($1.6 billion) from the hotel sales to have a chance of obtaining release on bail. He has been moved back to a cell after a court-imposed deadline for the use of the office expired, although the businessman had requested more time, Tihar Jail spokesman Mukesh Prasad said. "He was asking officials. We told him we don't have the power to extend those facilities," the spokesman said. Roy was jailed for contempt of court in March amid a long-running dispute with capital markets watchdog over Sahara’s failure to repay billions of dollars to investors who were sold outlawed bonds. A source close to the company said Roy did not have enough time to complete the sale. “Any negotiation of big-ticket items takes time, out of which maximum time gets spent on conducting due diligence and working out the current valuations,” the source said. “Roy and his team are working hard and trying their best even in wake of the current restrictions that Roy is in now,” he said. A Sahara spokesman declined to comment. Sahara has said it is in talks with multiple potential buyers but has refrained from naming any suitors. In August, the Wall Street Journal’s online edition reported that the Sultan of Brunei had made a $2 billion bid for the hotels, but a spokesperson for the Sultan later dismissed the report as inaccurate. Last month, a senior company executive told Reuters that the firm would rather mortgage its trophy overseas hotel properties than sell them. — Reuters Spl services withdrawn
"We received no further extension orders from the court and the duration for which Subrata Roy (in pic) was allowed to use the conference room with special facilities ended on September 30. He has been shifted back to the jail. He will be staying at the central jail here," said Tihar jail DIG Mukesh Prasad. |
||||||
|
iPhone 6 selling for
Rs 56k in India
New Delhi, October 2 A vendor at eBay is offering iPhone 6 for about Rs 55,954 and promising October 8 as estimated time to deliver the product without any extra shipping cost. Another vendor on ShopClues.com in a mailer shared price of iPhone 6, 16 GB with a 4.7-inch screen size, at Rs 59,999. The e-commerce firm is charging Rs 149 as shipping cost and promising on its website to deliver the product by October 8. Apple unveiled iPhone 6 on September 9 and reports have speculated that Apple may officially start selling iPhone 6 series in India from mid-October or early November. Amazon website showed that iPhone 6 is selling for around $750, including shipping cost, in the US which amounts to about Rs 46,000. — PTI |
||||||
|
India Inc supports Modi’s Swachh Bharat campaign
New Delhi, October 2 The Prime Minister today launched his pet Swachh Bharat mission. Industry body Assocham asked its member companies to join the Swachh Bharat initiative. It will hold programmes to involve profit-making firms to spend on building and maintenance of toilets under their mandatory Corporate Social Responsibility. “Ficci shares his vision for Swachh Bharat and agrees that the entire nation needs to come forward and commit itself to this noble initiative,” Ficci secretary general A Didar Singh said. The chamber will also be getting involved with the states, local bodies and NGOs. The CII will work with firms to help mobilise construction of 10,000 toilets in schools by FY 2015-16. — PTI New Delhi: Reliance Group chairman Anil Ambani on Thursday said he is dedicating himself to the Swachh Bharat movement. “I am honoured to be invited by the PM to join the Swachh Bharat Abhiyan. I dedicate myself to this movement and will invite nine other leading Indians to join me in the Clean India campaign,” Ambani said. |
||||||
|
California, October 2 Facebook’s product chief, Christopher Cox, apologised in a post on Wednesday and said the affected users could go back to using their aliases. The world’s largest social media network had locked scores of accounts in recent weeks, including hundreds belonging to lesbian, gay, bisexual and transgender people. “The spirit of our policy is that everyone on Facebook uses the authentic name they use in real life. For Sister Roma, that’s Sister Roma. For Lil Miss Hot Mess, that’s Lil Miss Hot Mess,” Cox wrote, denying that the company's policy required users to go by their legal names. San Francisco drag queens and a city lawmaker met Facebook representatives in September to demand that the site change its policy of banning users from going by aliases online. Drag queen performers, or men who dress in flamboyant female clothing for nightclub shows, usually use stage names that have no relation to their real names. Performers say using their stage names on social media protects them from possible retribution from other employers, family members and stalkers. Many see their stage name as an integral part of their identity. Facebook had said earlier that it would give users two weeks to adjust their profiles to display their real name or convert their personal pages into fan pages that allow the use of nicknames. The debate over the future of online anonymity is roiling tech circles, with the outcome bearing profound implications for internet use around the world. — Reuters
|
||||||
|
Deficit target tough, but achievable: Citi
New Delhi, October 2 Fiscal deficit, the gap between government expenditure and revenue, could be contained at budgeted levels with better manoeuvrability on the expenditure front along with the focus on disinvestment, Citigroup said. "While slow growth in tax revenues does make the fiscal deficit target challenging this year, we believe that better manoeuvrability on the expenditure front coupled with the government's focus on disinvestments and non-tax revenues (higher dividend pay-outs) could allow government to contain fiscal deficit at budgeted 4.1% levels," it said. According to official figures, fiscal deficit touched 74.9% of the Budget estimates for 2014-15 to cross Rs 3.97 lakh crore at the end of August. — PTI Oil drops below $92 to 27-month low london: Oil prices hit their lowest level since June 2012 with benchmark Brent prices dropping under $92 a barrel as price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data. — Reuters |
||||||
Govt plans to divest 5% stake in RCF next fiscal New Delhi: The government is planning to divest at least 5% stake in state-run Rashtriya Chemicals and Fertilisers (RCF) in 2015-16, sources said. "There are plans to divest at least 5% stake in the company (RCF) in the next fiscal, which could be raised to 10%," a source said. PTI
'UBHL can't nominate USL’s independent director’ London: Britain's Diageo PLC said United Breweries Holdings Ltd can no longer appoint an independent director to the board of United Spirits Ltd (USL) after reducing its ownership of the South Asian distillery. Diageo nearly doubled its stake in USL following a $1.9 billion bid earlier this year, giving it the right to appoint the majority of directors to USL's board. Reuters CoalMin seeks clarifications on cancelled blocks New Delhi: The Coal Ministry has sought clarifications from the Law Ministry on various issues, including whether the mines can be allotted to state PSUs and new end-use plants. The development follows the Supreme Court quashing the allocation of 214 coal blocks allotted to various companies since 1993. PTI
|
||||||
|
| HOME PAGE | |
Punjab | Haryana | Jammu & Kashmir |
Himachal Pradesh | Regional Briefs |
Nation | Opinions | | Business | Sports | World | Letters | Chandigarh | Ludhiana | Delhi | | Calendar | Weather | Archive | Subscribe | E-mail | |
Subrata Roy, the jailed head of Sahara conglomerate, is back in a cell after living in a makeshift prison office for two months while working on the sale of three hotels in New York and London, a deal that is still hanging.
Anil Ambani accepts PM’s invite
