Sahara India Pariwar acquires the iconic hotel, Grosvenor House in London

London, December 30, 2010: Sahara India Pariwar, the multi business conglomerate of India, today announced that it has acquired the most iconic hotel, Grosvenor House hotel from The Royal Bank of Scotland Group plc.
Grosvenor House, located in the prestigious locality of Park Lane in Mayfair, London, is an iconic landmark with 420 rooms, 74 suites, 27 meeting rooms providing an incredible 4,000 square meters of high quality space and also houses Europe's largest and most famous hotel banqueting space, the Great Room.

Sahara India Pariwar, a diversified Indian business conglomerate founded in 1978, has operations in multiple sectors including hospitality, tourism, city development, real estate activities, financial services, housing finance, mutual funds, life insurance, print and television media, film production, sports, information technology, healthcare, commodity sales & services and consumer products.

Acquisition of Grosvenor House presents a unique opportunity for Sahara India Pariwar to establish its foot-hold in the international luxury hotel market after having successfully proved its expertise in hospitality sector in India through Hotel Sahara Star and its luxurious 10,600 acres Aamby Valley City.

On this occasion Mr. Subrata Roy Sahara, Managing Worker & Chairman, Sahara Group, said, "We are extremely happy to announce Grosvenor House joining the Sahara family. He further said, "This acquisition is a part of the major expansion plans of the group. In addition to the acquisition of Grosvenor House, London will be the gateway for Sahara to introduce some of its new business ventures, internationally.”

Note: The acquisition was brokered by Richard Lewczynski of Blandford Goldsmith.

Sahara Launches India’s First private, Urdu News Channel

• News will be broadcasted in 54 Countries across the world
• Channel is on air with highly talented and capable team of reporters

New Delhi, 27 December 2010: Sahara India Pariwar, the multi business conglomerate under the aegis of Sahara News Network, today launched ‘Aalami Sahara’- its National Urdu News Channel. Aalami Sahara is the first privately owned National Urdu News Channel in India.
In India where more than 9 crore people speak and understand Urdu, out of which 4 crore happen to be television viewers, Aalami Sahara will prove to be a pioneer in presenting the cutting-edge news for keeping these viewers abreast of the happenings in their own language.
With the highly talented and capable team of reporters of Sahara News Network, Alami Sahara would voice the regional, national and international issues with fairness and precision and broadcast them in 54 different countries including India, Pakistan, Afghanistan, Bangladesh, Saudi Arabia, United Arab Emirates, Egypt, Iraq, Israel, Kuwait, Brunei, Jordan, Behrain, Oman, Qatar, Yemen, Syria, Lebanon, Cyprus, Turkey, Bhutan, Nepal, China, Hong Kong, Malaysia, Thailand, Macau, Maldives, Fiji, Myanmar, Mongolia, North Korea, South Korea, Russia, Singapore, Australia and others.
Sahara News Network already publishes Roznama Rashtriya Sahara (an Urdu daily), Aalami Sahara (a weekly magazine) and Bazm-e-Sahara (a monthly tabloid). They are ruling the roost among Urdu readers for their credibility. Urdu daily, Roznama, publishes 16 editions from 10 centers for its 31.5 lakh readers. There are 5.25 lakh readers of the Urdu weekly, while there are 5 lakhs for Bazm-e-Sahara (Urdu monthly). Sahara News Network has already made its mark in the online news through its presence via online, e-paper and live Broadcasting.
Sahara News Network has one round-the-clock, free to air, national Hindi news channel ‘Samay’ and a bouquet of 36 city specific regional news channels under the brand name ‘Sahara Samay’. Sahara’s News Media is equipped with over 1600 V-Sats for News collection and has 50 Bureaus and 1000 correspondents across the globe.

Glitter at “Glitterati”

· A New Year’s Eve Extravaganza with Malaika Arora Khan at Aamby Valley City

· Seduction 2011 with Mallika Sherawat at Sahara Star

Mumbai, December 20, 2010: This festive season Aamby Valley City will transform into an enchanting winter wonderland, and celebrate Christmas and New Year with something new and mesmerizing around every corner. This New Year’s Eve promises to be one rocking and rollicking affair. Watch the sensuous Malaika Arora Khan perform to some of her biggest chartbusters and Vishal Shekhar belt out their grooviest best on 31^st December in the land of enchantment Aamby Valley City. Besides this, Hotel Sahara Star will bid goodbye to the year gone by and lure you into the New Year with Seduction 2011 - the hippest, happening, and most sought after party of the year, where Bollywood actress Mallika Sherawat will allure the audience with her enigmatic performance on the eve of 31st December at Hotel Sahara Star.

The masquerade ball mystery at Aamby Valley City will further unfold itself in to the scintillating performance by Sonal Chuhan on songs like Sheila Ki Jawani and more, where as DJ Amandeep will be spinning some foot-tapping music to keep the adrenaline rushes going. The power packed performances will continue all night long with live acts by various international dancers and many more surprise performances. The culinary team has prepared an array of festive dining, bringing your friends & family an unforgettable holiday season. Lavish festive buffet at Town Plaza will dazzle in style with a host of delectable treats and international culinary delights.

At Sahara Star, Seduction 2011 which promises to be a power-packed extravaganza will also have laser shows, Live DJ’s and singers. While Mallika’s sensational act will scorch up the stage, DJ Hiren will spin some foot-tapping music to keep the adrenaline rush going. The power packed performances will continue all night long with singing sensation Neeraj Shreedhar, sultry Bollywood actress Mughda Ghodse, stand up act by comedian Kapil Sharma, performance by actress Marisha Parekh along with international dancers and many more surprise performances. All acts will be choreographed by Pappu and Mallu. There will be especially crafted appetizers for the evening by the culinary team. In addition, fine culinary journey guests can choose their favourite soft beverages, premium imported liquor, exotic mixers and juices at thebars located at each zone.

Sahara India Sports Awards 2010

Sahara India Life Insurance

SAHARA’S RESPONSE to SEBI’s irresponsible & wrongful ex-parte order which has left us sadly astonished

Though as an institution, SEBI is a highly responsible and one of the respectable regulators of the Country, but certain individuals occupying their office, act with malice and biased approach which serve no public good and earn only a bad name.

Registrar of companies under Ministry of Company Affairs officially and lawfully had allowed the unlisted companies Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL) to issue Optionally Fully Convertible Debentures, based on our Red Herring Prospectus fully complying with the provisions of Companies Act 1956 (the Act) keeping in view the latest provisions of first proviso to Sec. 67(3) of the Act.
Unfortunately some officers bearing the grudges against the Sahara India Pariwar, repeatedly not fulfilling there vested legal demands, have even gone to the extent of uploading the order on website; and not supplying it directly to the company. This is but obvious to whimsically hit the company and disturb its well wishers and investors from associating with it.

SEBI in the past fought with Insurance Regulatory and Development Authority (IRDA) and now giving us direction to stop issuing Bonds (OFCDs) which has been permitted by Ministry of Company Affairs (MCA) without consulting a word even with the actual regulator MCA.
Note : Media has also wrongly interpreted and stated that in M/s. Sahara Prime City Limited IPO has been rejected by SEBI.
SEBI had been seeking informations from us about OFCDs. We all the time wrote back that this matter is not definitely under SEBI’s jurisdiction. We should not become the victim of cross fire between two Government regulators SEBI and MCA.
We submitted to SEBI the legal opinion that this OFCD is definitely not the matter of SEBI, it is not their jurisdiction. This opinion has clearly been submitted in SEBI given by five legal luminaries namely Shri A.M. Ahmadi, Former Chief Justice of India; Shri C. Achuthan, Former Presiding Officer, Securities Appellate Tribunal, Mumbai; Shri S.P. Kurdukar, Former Judge, Supreme Court of India; Shri A.K. Manmadhan, Advocate, High Court of Bombay and Shri U.P. Mathur, (Former Secretary Company Law Board & former Director of Inspection & Investigation in the Department of Company Affairs), Advocate & Corporate Law Consultant.
Not only this the SEBI has also shown total disrespect to the orders passed by Hon’ble High Court of Bombay in the matter of Kalpana Bhandari and Others vs Securities and Exchange Board of India and others 2004 (1) BomCR 663, 2005 125 CompCas 804 Bom in which it has given that “SEBI has powers (i) in case of listed public companies and (ii) in case of those public companies which intend to get their securities listed on any recognised stock exchange in India. In other words SEBI does not have power in relation to the issue and transfer of securities and non-payment of dividend under the various provisions referred to in section 55-A for the companies other than listed public companies and the public companies which intend to get their securities listed on any recognised stock exchange in India. Such power is vested in the Central Government”.
Note: Sahara companies in question are neither listed nor intend to be listed.
SEBI is doing all these irresponsible acts based on some baseless (anonymous also) complaints. We repeatedly asked SEBI for the name and address of complainant which they so wrongfully refused to inform us. Recently the main complaint case against us has been totally rejected by Government of Madhya Pradesh. We some times face these complaint problems from very greedy people who try to extort large sum from us which we never have entertained or allowed.
SEBI in its order has cited various information it collected through MCA website vindicates the stand of the company that the information required as per the Act have been supplied to proper regulator, i.e., MCA. Further, when company had appealed SEBI to wait till receiving the directions of MCA and no undue long time had elapsed, the action of SEBI looks to be taken in haste with bias. The reasons look apparent but we have no written basis to mention here. It is apparent that SEBI has for best reasons known to it, totally ignored all legal opinions and Hon’ble High Court Judgement.
SEBI’s very important reaction was that we are not supplying them all the information that they are asking for. We wonder why they asked these information from us and why not from MCA? You please go through the part of our detailed last letter of 30th September 2010 to SEBI that clearly says why we have not sent them the information.
“Once again our humble request to you is to take all information from Ministry of Corporate Affairs (MCA) who are the regulators in this matter. There may be jurisdictional problems amongst Regulators like it happened between SEBI and IRDA recently, still the Business and Industry like us should not be put as party in cross fire, as it is happening with us, hence please do not make our company as disobedient company in the eyes of its Regulator, i.e., MCA. When information was taken on our deposit mobilization (RNBC) activities of our Group Company from RBI why not to take information on Bonds (OFCD) from MCA.
Inside information from SEBI’s internal people says that if we give all the information ourselves to SEBI, SEBI would take action against Sahara through Media to disturb Sahara establishments. If SEBI takes all information from MCA they won’t be able to act against Sahara. Of course, SEBI knows this is wrong and arbitrary action which will not stand in legal trial but SEBI will create Media trial to destabilize Sahara. The above is substantiated with the fact that SEBI is not taking the information from MCA and is insisting to get it from the Company. Kindly take the information from MCA.
We do not want to blame SEBI which is definitely a highly respected institution and we genuinely respect SEBI as institution. Yes, there are sometimes such individuals who go unreasonable and baselessly biased and create unnecessary problems. We are definitely pained.
We are an orgnaisation where 9 lac families are earning their bread and butter. Please do not disturb us unreasonably, unnecessarily. Please support on merit and bless us.”
In the past also similar biased act of regulator we have experienced, so we were very apprehensive and after this biased order our apprehension has now come right.
SEBI has talked about 4 to 7 thousand crores which we have received through OFCDs etc. Out of confusing so many newspapers etc. had mentioned about Rs. 20000 plus 20000 crores etc. SO..

..One Should Know About Sahara’s Financials (Provisional as on 30th June 2010)

Group Liability Statement
Net Outstanding liability with accrued interest of Public Deposits plus Unsecured loan from Banks plus Money from close Associates plus Advances against various projects plus Life insurance Policy Holders Fund plus Money in Mutual Fund. (Book Value Rs 34,328 Crores)

Group Assets Statement
Liquid Investment, Cash & Bank balances and Fixed Deposits etc. (Book Value – Rs. 19,390 crores), (Market Value – Rs. 19,456 crores)

Sundry Debtors, Loan and Advances, tax refundable and other current assets etc. (Book Value – Rs. 7,629 crores), (Market Value – Rs. 7,629 crores)

Land, construction Work in progress, Finished Stock and Fixed Assets etc. (Book Value – Rs. 27,949 crores), (Market Value – Rs. 82,139 crores)

Total Group Assets (Book Value – Rs. 54,968crores), (Market Value – Rs. 1,09,224 crores)

Note: The above statement is prepared on the basis of provisional Balance Sheet a on 31/03/2010 or 30/06/2010 of Sahara Flagship Group Companies.

WE ARE ABSOLUTELY AND RELIGIOUSLY LAW ABIDING ORGANISATION NOT BECAUSE WE FEAR LAW BUT WE RESPECT LAW OF THE LAND.

NOW WE SHALL SOON APPEAL AGAINST SEBI’s ACTION AT AN APPROPRIATE FORUM.

SEBI could have approached MCA in this matter to fulfil their duties towards the masses (as they are claiming). Otherwise they would have given this order in the interest of people (so called claim by SEBI) directly to us through a letter. What was the reason of putting 34 pages in their website to make it public? Respected Readers must be understanding the intentions clearly.

So in the interest, image, goodwill of entire Sahara India Pariwar SEBI has pushed us against the wall that is why we are forced to come out with all above details.

Source : http://www.sahara.in/
English - http://sahara.in/sebi-eng.pdf
Hindi - http://sahara.in/sebi-hindi.pdf

"The Golden Era" Coffee table book unveiling

Commonwealth song by We the people of India

Sahara India Sports Awards 2010

Nominations declared for 2nd Edition of the Sahara India Sports Awards

Hon’ble Governor of Maharashtra, Shri K. Sankaranarayanan will grace the occasion

Stars from Indian Sports, Bollywood glitterati, Businessmen and Celebrities will attend the Award Ceremony

Mumbai, October 29, 2010: ‘SAHARA INDIA SPORTS AWARDS’ the biggest and the most comprehensive sporting awards extravaganza in India, today declared the list of nominations for this year’s awards. The nominees are short listed by 400 members of Sports Journalist Federation of India (SJFI) from across the nation through secret ballets. The final awardees will be selected by the eminent jury of 14 sporting legends led by Sunil Gavaskar and will be felicitated in the grand award Ceremony tomorrow evening, i.e. 30th October, 2010
The Nominations of Sahara India Sports Awards 2010 are:
Best Young Achievers (Male) – Sushil Kumar Prannoy (Badminton), Virdhawal Khade (Swimming), Ravi Dixit (Squash), S. P. Sethuraman (Chess), Asher Noria (Shooting), Vikas Krishan (Boxing)
Best young Achiever (Female) – Dipika Pallikal (Squash), Gayathri Govindaraj (Athletics), Soumya Swaminathan (Chess)
Team of the Year – India Cricket Team, Indian Davis Cup Team (Tennis), Indian Women’s Hockey Team, India ‘A’ Chess Team (Men)
Sports Woman of the Year – Mary Kom (Boxing), Saina Nehwal (Badminton), Tejaswini Sawant (Shooting)
Sports man of the Year – Vijender Singh (Boxing), Vishwanathan Anand (Chess), Sushil Kumar (Wrestling), Gagan Narang (Shooting), Arjun Atwal (Golf)
Cricketer of the Year (Male) – Sachin Tendulkar, Mahendra Singh Dhoni, Virender Sehwag, Suresh Raina
Cricketer of the year (Female) – Mithali Raj, Jhulan Goswami, Gouhar Sultana
Outstanding Performance of the year – Suranjoy Singh (Boxing), Achanta Sharath Kamal (Table Tennis), Pankaj Advani (Billiards and Snooker), Om Prakash Singh (Shot Putt), Tintu Luka (Athletics), Chinnaswami Muniyappa (Golf)
Coach of the Year – P. T. Usha (Athletics), P. Gopichand (Badminton), Yashvir Singh (Wrestling), Anoop Kumar (Boxing)
Memorable Moment of the year – M.C. Mary Kom (winning the Fifth world boxing title at Bridgetown, Barbados), Saina Nehwal (winning 3 titles in 3 weeks at the India grand Prix, the Singapore Open and the Indonesian Open), Vishwanathan Anand (successfully defended his title at the World Chess Championship that is being held since 2001), Tejaswini Sawant (winning the rifle prone shooting event at the world championship in Munich).

Jury for the Sahara India Sports Awards who will select the Awardees from the nominations

1. Mr. Sunil Gavaskar, (Cricket), Chairman of the Jury
2. Dhanraj Pillai (Hockey)
3. Pullela Gopichand (Badminton)
4. Michael Ferreira (Billiards)
5. Sandeep Patil (Cricket)
6. Ashwini Nachappa (Athletics)
7. Kamlesh Mehta (Table Tennis)
8. I.M. Vijayan (Football)
9. Anjali Bhagwat (Shooting)
10. Nandan Bal (Tennis)
11. Praveen Thipsay (Chess)
12. Vikramjit Singh (Golf)
13. Kartar Singh (Wrestling)
14. Dingko Singh (Boxing

Abhijit Sarkar, Director-Communications, Sahara India Pariwar said on the occasion “The nominations for the Sahara India Sports Awards with the help of SJFI, involved 400 sports journalists from across India and took more than a month to complete the entire process. By standards, the process is the most extensive and brings the rich insight of the experienced sports journalists from across the nation suggesting the nominations. With this process, the eminent jury of the sporting legends from various fields led by Mr. Sunil Gavaskar gets a most comprehensive nomination choice to select the awardees”.
In keeping with the very dynamic nature of sport and the performances of Indian sportspersons, a few Special Awards have been introduced this year to recognize the outstanding performance of Indian sportsperson at the Commonwealth Games, the largest sporting event held in India that spurred our sportspersons into pushing themselves into garnering glory for the nation does not go unrewarded or unrecognized. Under the Special Awards there are following categories - Outstanding Performance at Commonwealth Games (Male) and Outstanding Performance at Commonwealth Games (Female).
The Sahara India Sports Awards also have two special categories - the Legend Honour and the Unsung Hero Awards. The Legend Honour is given to the sportsperson who has excelled in his field to a degree that his feat and contribution to the sport deserves the place of a legend. The Unsung Hero Award, every year honors those sportsmen whose achievements and feats have slipped into oblivion with time and require recognition and support.
The selection has been tabulated by Ernst & Young who is auditing and monitoring the entire selection process.

Sahara Hospital Collaborates with Roentgen Oncologic Solutions to set-up high end Radiation Oncology Center

Already offering Medical and Surgical Oncology, Sahara Hospital with the state-of-the-art Radiation Oncology Center will become the first total Cancer Care Center in the region

Lucknow, October 27, 2010: Sahara Hospital, the multi-disciplinary, super-speciality, Tertiary Care hospital, today, signed a Joint Collaboration Agreement with M/s Roentgen Oncologic Solutions to set up a state-of-the-art Radiation Oncology Center at the Hospital. Sahara Hospital’s Cancer Department which already has Medical and Surgical Oncology speciality, with the set up of the Radiation Oncology Center, will be able to provide a cost effective and complete range of treatments to Cancer patients at Lucknow for which they had to travel to cities like Mumbai or Delhi. ‘Sahara – Roentgen Radiation Oncology Center’, as the center will be called, will provide a complete array of latest radiation treatments to cancer patients including, Intensity Modulated Radiation Therapy (IMRT), Image Guided Radiation Therapy (IGRT), Stereotactic Radiation Therapy (SRT), CT Simulation, Digital Portal Imaging and HDR Brachytherapy.
The center aims to provide the most comprehensive and advanced radiation oncology care to cancer patients by specially trained radiation oncologists that are skilled in a wide range of standard and emerging treatments and at the same time will ensure that quality and personalised care is given every patient. The experience of the medical team comprising of the trained specialists, will blend with the latest technology, resulting in better outcome for the patients.
The latest range of equipment at the Sahara – Roentgen Radiation Oncology Center together with the techniques adopted by specialists to treat tumors with pinpoint accuracy, will eliminate most of the side effects that accompany radiation treatment, thereby, ensuring that tumors get the most effective dose while healthy tissues and organs are spared. The equipment that will be installed in the center will include a dual energy linear accelerator that yields treatment times that are shorter, making the overall experience of the patient more comfortable and relaxed. The precision will allow the specialists to spare healthy tissues, to an extent that was unimaginable only a few years ago. In addition, high dose rate brachytherapy shall provide conformal radiotherapy for gynecological cancers, and cancers of breast, esophagus, bronchus, nasopharynx, etc.
Speaking on the occasion, Dr. H.P. Kumar, Director – Medical Health, Sahara Hospital, said, “With the upcoming Sahara – Roentgen Radiation Oncology Center and the already operational Medical & Surgical Oncology Department, Sahara Hospital is all set to become a first full-fledged and complete Cancer Treatment Hospital in the region, apart from Delhi and Mumbai”. He further added, “Sahara Hospital, with its world class mix of advance technology and experienced faculty, is becoming a life-saving destination for many critical cases. A 100 bedded critical care system with ample number of ventilators and all the Intensive Care monitoring systems, staffed by intensivists, trauma trained nursing staff and technicians which are available 24 X 7, epitomizes our motto of ;Curing through Care’ in true action and spirit”.

2nd Edition of the Coveted Sahara India Sports Awards announced

One-of-its-kind multi disciplines Sports Award function will be held on 30th October 2010 in Mumbai
Sports Journalist Federation of India (SJFI) nominated the Sporting talent of the year for the Awards while 14 sporting legends comprising of the jury led by Sunil Gavaskar will select awardees.

Lucknow, October 23, 2010: Sahara India Pariwar, a major business conglomerate and the prime promoter & patron of sports in India, after the resounding success last year announces ‘SAHARA INDIA SPORTS AWARDS’ for 2010. The comprehensive Awards under different categories will felicitate the achievement and efforts of Indian sportspersons in their respective fields and will also provide recognition to the upcoming young talents. The Awards will also recognize the contribution of Coaches, sports officials and administrators. A total of 16 awards, under 15 different categories, will be presented in a gala awards ceremony on 30th October 2010.

AWARD CATEGORIES

• Best Young Achiever (Male)
• Best Young Achiever (Female)
• Memorable moment of the year
• Team of the Year
• Sportsman of the Year
• Sportswoman of the Year
• Cricketer of the Year (Male)
• Cricketer of the Year (Female)
• Outstanding Performance of the Year
• Breakthrough Performance of the Year
• Coach of the year
• Outstanding Performance at CWG (Male)
• Outstanding Performance at CWG (Female)
• Unsung Hero (2)
• Legendary Honor

“This year we are taking the Sahara India Sports Awards to new heights. While there will be more categories for awards this year, the entertainment quotient will also be at its peak with the presence of stars of sports, business & entertainment and performances by Shah Rukh Khan, Kareena Kapoor, many top actor, and actresses along with various sportspersons of India” informed Mr. Abhijit Sarkar, Director - Communications, Sahara India Pariwar. He further said “The awards are ingrained in Sahara’s belief of transcending the thought of promoting and recognizing sports and sportsmen in proportion to the popularity of the game, towards developing a single, comprehensive platform which can bring all sports and sportsmen together and honour stars and promising talent. Led by our deep rooted commitment towards promoting sports and encouraging the youngsters towards sports, we are prepared to make these Awards a most sought after recognition of Indian Sportspersons”.
Jury for the Sahara Indian Sports Award

1. Mr. Sunil Gavaskar, (Cricket), Chairman of the Jury
2. Dhanraj Pillai (Hockey)
3. Pullela Gopichand (Badminton)
4. Michael Ferreira (Billiards)
5. Sandeep Patil (Cricket)
6. Ashwini Nachappa (Athletics)
7. Kamlesh Mehta (Table Tennis)
8. I.M. Vijayan (Football)
9. Anjali Bhagwat (Shooting)
10. Nandan Bal (Tennis)
11. Praveen Thipsay (Chess)
12. Vikramjit Singh (Golf)
13. Kartar Singh (Wrestling)
14. Dingko Singh (Boxing)

Sahara India Pariwar has developed the Awards, with an intention to bring together all sports, including those which are very popular and also those which are not so popular, together on a common platform to recognize and honour the achievements of Indian sportspersons who have taken the pride of the nation to the highest level and kept the tricolor flying high. These awards will also provide a forum for encouragement to young sporting talents and motivate them to bring laurels to the nation and sports.
The awardees of this coveted trophy are selected through an extensive 2 tier selection process, under which at first level, the 400 members of Sports Journalist Federation of India (SJFI) from across the nation, nominated sportspersons from different sections of sports in different categories.
From the short listed names drawn by through the SJFI nominations, the final awardees under respective will be selected by a 14 person sports jury constituting of living legends from different sports discipline like Cricket, Billiards, Tennis, Golf, Squash, Hockey, Athletics, Boxing, Badminton, Football, Chess, Table Tennis etc. The jury panel will be led by cricketing legend Mr. Sunil Gavaskar as the Chairman of the jury. The entire selection process will be audited and monitored by Ernst & Young.
Mr. Sunil Gavaskar, The cricket legend and Chairman of the awards jury, on launch of the Sahara Indian Sports award said, “Sahara Indian Sports Award is a forum that gets multidisciplinary sportspersons under one roof. It’s a forum to salute the spirit of sportsmanship and cheer fellow sportsmen. It is a great initiative by Sahara India to come up with ‘Sahara Indian Sports Award’ to honour the finest sportsmen & sportswomen of our country.”

VCI HOSPITALITY LIMITED, UNDER THE AEGIS OF FASHION & DESIGN PROMOTION COUNCIL (FDPC), ANNOUNCES THE ‘AAMBY VALLEY INDIA BRIDAL WEEK 2010’

The first ever fashion week dedicated to Bridal Couture
Mumbai, 14th September 2010: Mumbai City will soon gear up to celebrate as VCI Hospitality Limited, under the aegis of FDPC, kicks off the wedding season with a one-of-a-kind fashion week dedicated solely to bridal couture. From 29th October to 2nd November 2010, the Aamby Valley India Bridal Week, showcasing bridal wear from the most coveted designers in the country will be held at the Sahara Star, Mumbai.

Aamby Valley India Bridal Week 2010 focuses on wedding and special occasion clothing, jewellery and accessories. With ‘by invitation only’ fashion shows in the evening and a consumer driven exhibition during the day, IBW aims to be the country’s most anticipated fashion week. Defining the future of bridal wear, IBW will celebrate the works of renowned designers such as Manish Arora, Manish Malhotra, Neeta Lulla, Ashima Leena, Falguni & Shane Peacock, Rocky S, Shantanu & Nikhil and Anjali & Arjun Kapoor, to name a few.

Weddings today are easily the most extravagant occasions in India. With destination venues, choreographed events and designer clothing, celebrations encompass not only the couple, but the entire family and friends. With an array of designers, the consumer has the advantage of picking a different designer for each function, be it a cocktail party or a mehendi ceremony. The concept behind India Bridal Week 2010 is to offer 360o wedding solutions for a joyful celebration of the special couple surrounded by family and friends.

Sharing his views, Vivek Kumar, CEO, Aamby Valley City says, “Aamby Valley City truly signifies progressive India- Fashion, lifestyle & elitist interpretations are best communicated through mediums of fashion and brands which became our principal thought process, creating a synergy between deep rooted Indian cultural ethos best showcased in grand Indian weddings and it is this harmony of multi dimensional cultural pursuit and lifestyle which personifies Aamby Valley City India Bridal Week as a true manifestation of these qualities. Aamby Valley has always had an enterprising attitude towards the fashion world and what better way to start off this venture by associating with all acclaimed designers from the industry”.
Vijay Singh, CMD, VCI Hospitality Ltd & Secretary General, FDPC exclaims, “I am extremely excited about the Aamby Valley India Bridal Week, which celebrates the most auspicious occasion in India – the wedding. It brings together under one roof, all the needs of a conventional or contemporary bride. We have received a very positive response from designers looking to be a part of this event and will soon be finalising the participants. With the increase in expenditure in weddings, bridal wear today is the most profitable segment in fashion. We aim to tap this segment while helping the consumer to get the most out of our talented designers. This event will make its mark on the map of fashion and will soon be one of the best fashion weeks in the country.

Targeting core consumers, the event aims to satisfy the preparation needs of any and every type of luxurious wedding. Unlike other fashion weeks, the AVIBW will be a complete wedding package in itself. With an array of exhibitors including fashion designers, jewellery & accessory designers, lifestyle brands, honeymoon destination partners and home accessory retailers, the AVIBW is the consummate wedding planner’s solution. The exhibit area will give the consumers a chance to interact with the various designers and pick the best they need.
Management partners

The Aamby Valley India Bridal Week 2010 has been managed by Purple People Entertainment Pvt. Ltd. The company focuses on creating innovative milestone event properties to entertain and educate in the fields of sports, culture, corporate recreation and fashion.

Aamby Valley City
Aamby Valley City is truly a dream come true for every individual who is looking for the life’s finest indulgences that only a top-of-the-order luxury lifestyle can offer. Conceptualized by a consortium of best minds in town planning and city management, Aamby Valley’s execution has been steered by an international panel comprising a galaxy of acclaimed architects, designers, landscape artists and infrastructure developers. This includes the master planner of the city Victor Gruen & Associates, USA; the infrastructure & micro planner, Burchill Partners, Australia and PDAA, Singapore who did the landscaping for the City.
Every corner of the city has been built to match international luxury standards and the city exudes this from each of its serenading locales. Be it the 18 hole flood lit Golf Course where best of the golfers have enjoyed playing and have certified it as one of the best golf courses in the world. It is situated at 2,700 feet above the sea level. Designed by David Hemstock and Associates (UK) and upgraded and remodeled for championships by PGA Great Britain and Ireland. It is the only planned luxury city to have a PGA accredited golfing academy.
Aamby Valley City offers residential, educational, recreational and infrastructural amenities at par with international standards. The city of Aamby Valley which takes pride in being Independent India' first planned Hill City is also the first ever completely networked Wi-Fi City.
The city offers residential villas, which are architectural wonders designed by international architects and designers. The choices range from English, Spanish and Contemporary villas to beautiful Timber Chalets. Natural waterfalls amidst the lush green mountains make the city a picturesque sight. The magic of the Banaras Ghats recreated exclusively at Aamby Valley City.

Sahara Mutual Fund declares Rs. 4 Per Unit Tax-Free Dividend under Sahara Banking & Financial Services Fund

Lucknow, August 29, 2010: Sahara Mutual Fund has declared Re 4 per unit dividend under Sahara Banking & Financial Services Fund. The Dividend is Tax Free in the hands of the investors. This is the third dividend of Rs. 4/- each (face value Rs. 10/-) in the last 14 months, under this scheme. The record date for the purpose of dividend payout is 03/09/2010.
All such investors under dividend option of Sahara Banking & Financial Services Fund whose name appear in the register of the unit holder’s book as on the record date, would be eligible for the dividend.
Announcing the dividend Mr. Naresh Kumar Garg, CEO, Sahara Mutual Fund, mentioned that Sahara Banking & Financial Services Fund has performed exceptionally well since its inception, particularly in the challenging economic turbulence. Its Growth option NAV has grown over 3 times in less than 2 years. Under Dividend option, the scheme has established an unmatched record and this is the 3rd dividend under the scheme in the last 14 months. The scheme has delivered an annualized return of over 80% since inception which is more than twice of its Benchmark CNXBANK Nifty Index performance. This is a very significant outperformance for our investors. With the Indian Economy on the high growth path, the Banking & Financial Sector is likely to perform well. This scheme offers an excellent opportunity to the investors to invest in quality portfolio with proven performance record.
Sahara Banking & Financial Services Fund is an Open-Ended Growth scheme that aims to provide long term capital appreciation through investment in equities and equities related securities of companies whose business comprise of Banking & financial services, either in whole or in part. NAV of Sahara Banking & Financial Services Fund as on 27/08/2010 is Rs. 19.3228.
About Sahara Mutual Fund
Sahara Mutual Fund currently manages Ten Equity Funds namely Sahara Tax Gain Fund, Sahara Growth Fund, Sahara Mid Cap Fund, Sahara Wealth Plus Fund, Sahara Infrastructure Fund, Sahara R.E.A.L. Fund (Close Ended), Sahara Power and Natural Resources Fund, Sahara Banking and Financial Services Fund, Sahara Super 20 Fund and Sahara Star Value Fund. It also manages Six Debt Funds namely Sahara Income Fund, Sahara Gilt Fund, Sahara Liquid Fund, Sahara Classic fund, Sahara Short Term Bond Fund and Sahara Interval Fund Quarterly Plan – Series 1.

Mutual Fund Investments are subject to market risks.
Please read the Scheme Information Document carefully before investing.
Scheme Classification & Objective: The basic objective of Sahara Midcap fund is to achieve long term capital growth at medium level of risks by investing primarily in Midcap stocks.. Risk Factors: Mutual Funds and securities investments are subject to market risks and the NAV of the scheme may go up or down depending upon the factors affecting the securities market. There can be no assurance or guarantee that the Scheme objectives will be achieved. The past performance of the previous scheme, sponsor or its group affiliates is not indicative of and does not guarantee future performance of the scheme. The sponsor is not responsible or liable for any loss or shortfall resulting from the operations of the scheme beyond the initial contribution of Rs.1 lakh made by it towards setting up of the Mutual Fund. Sahara Midcap Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its future prospects or the returns. Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Applicable Load: Entry Load: There is no entry load, Exit Load: 1% if redeemed on or before 12 months from date of allotment, if redeemed beyond 12 months from date of allotment: Nil.
Statutory Details: Sahara Mutual Fund has been set up as a trust under the Indian Trust Act 1882 (liability restricted to the corpus of Rs.1 lakh) with Sahara India Financial Corporation Limited as Sponsor and Board of Trustees as Trust and Sahara Asset Management Company Private Limited as the Investment Manager to Sahara Mutual Fund.

Sahara India Pariwar felicitates Indian champion shooters for bringing fame to India at 50th ISSF World Shooting Championship, Munich

Felicitation incentives of Rs. 5 lac to Tejaswini Sawant, Rs. 5 lac to Gagan Narang; and 3 lac to Asher Noria

Lucknow, August 17, 2010: Sahara India Pariwar, the prime promoter and patron of sports in India, today felicitated Indian shooters Ms. Tejaswini Sawant, Mr. Gagan Narang and Mr. Asher Noria, who made India proud by winning medals at the prestigious 50th International Shooting Sport Federation (ISSF) World Shooting Championship held at Munich, Germany. In the grand felicitation ceremony, organized at Sahara Shaher Lucknow, Saharasri Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar, in presence of Mr. Avtar Singh Sethi, Officiating President, National Rifle Association of India (NRAI), gave appreciation certificates other than an incentive of Rs. 5 lac to Ms. Tejaswini Sawant, Rs. 5 lac to Mr. Gagan Narang; and Rs. 3 lac to Mr. Asher Noria.
At the 50th ISSF World Shooting Championship held at Munich, Ms. Tejaswini Sawant won Gold medal in the 50 meter rifle prone event, Mr. Gagan Narang won Bronze medal in the 10 meter air rifle event and he also became the first Indian to qualify for the 2012 London Olympics. Moreover Mr. Asher Noria clinched gold in the men’s junior double trap event of the prestigious ISSF World Shooting Championship at Munich.
Sahara India Pariwar, along with Indian Boxing, Wrestling, and Archery had earlier adopted Indian Shooting. Towards this, Sahara India Pariwar along with the National Rifle Association of India (NRAI) identified 15 shooters including many upcoming ones who are being provided support till after the Olympics at London in 2012. These shooters are part of pool of 56 sportsmen in these four games to which the group is providing support until after London Olympics 2012.
While felicitating the shooters, Mr. Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar said, “We take great pleasure in offering our warmest congratulations to all the shooters who kept the Indian flag high at the prestigious 50th ISSF World Championship 2010 held at Munich. May they continue to win fresh laurels for the country in the international sporting arena and be a beacon of hope and a fountain of inspiration as they lift the spirits of the entire Indian sporting fraternity. Indeed, their sporting triumph has spread happiness all around".
Speaking on the occasion, Ms. Tejaswini Sawant said, “I am grateful to Saharasri Ji and Sahara India Pariwar for encouraging and motivating me through this association for better performance in the upcoming prestigious meet.”
Mr. Gagan Narang said, “My heartfelt thanks to Saharasri ji and Sahara India Pariwar for recognizing my bronze medal win at the World Championship. This is my first major feat that is being recognised by a sponsor and I hope this is just a beginning. Also, with the number of medals up for grabs this year, you will see me more often.”
Mr. Asher Noria though could not make it to the ceremony, conveyed, “Though I could not make it to the ceremony, I would like to thank Saharasri Ji and Sahara India Pariwar for supporting the sport of shooting and the shooting sportsperson. The support of Sahara India Pariwar has always propelled me to deliver my best.”
Expressing his gratitude, Mr. Avtar Singh Sethi, Officiating President, NRAI Said, “ On behalf of NRAI and myself, I am thankful to Saharasri Ji for extending all possible assistance to our shooters and NRAI for promotion of shooting sport. It is because of Sahara’s support that our shooters have done extremely well and have won 2 Gold and 1 Bronze Medal and 2 Quota Places during the World Championship and inspire the leading shooters to bring more laurels to the nations during the forthcoming Commonwealth games and the London Olympics.”

Sahara Mutual Fund declares Re 1 per unit Tax-Free Dividend under Sahara Star Value Fund

Lucknow, August 12, 2010: Sahara Mutual Fund has declared Re 1 per unit dividend under Sahara Star Value Fund. The Dividend is Tax Free in the hands of the investors. The record date for the purpose of dividend payout is 16/08/2010.
All such investors under dividend option of Sahara Star Value Fund whose name appear in the register of the unit holder’s book as on the record date, would be eligible for the dividend.
Announcing the dividend, Mr. Naresh Kumar Garg, CEO, Sahara Mutual Fund, mentioned that the Fund which follows value based investment approach offers attractive opportunities to investors to reap the potential of hidden gems among the listed companies which has good management efficient operations but being ignored by the market participants currently. It has a well-diversified portfolio with relatively better probability of higher returns over medium to long term.
Sahara Star Value Fund is an Open-Ended Growth scheme that aims to provide long term capital appreciation by investing in equity/equity related instruments of select companies based on value parameters. NAV of Sahara Star Value Fund as on 10.08.2010 is Rs.12.6163.
About Sahara Mutual Fund
Sahara Mutual Fund currently manages Ten Equity Funds namely Sahara Tax Gain Fund, Sahara Growth Fund, Sahara Mid Cap Fund, Sahara Wealth Plus Fund, Sahara Infrastructure Fund, Sahara R.E.A.L. Fund (Close Ended), Sahara Power and Natural Resources Fund, Sahara Banking and Financial Services Fund, Sahara Super 20 Fund and Sahara Star Value Fund. It also manages Six Debt Funds namely Sahara Income Fund, Sahara Gilt Fund, Sahara Liquid Fund, Sahara Classic fund, Sahara Short Term Bond Fund and Sahara Interval Fund Quarterly Plan – Series 1.

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Mutual Fund Investments are subject to market risks.
Please read the Scheme Information Document carefully before investing.
Scheme Classification & Objective: The basic objective of Sahara Midcap fund is to achieve long term capital growth at medium level of risks by investing primarily in Midcap stocks.. Risk Factors: Mutual Funds and securities investments are subject to market risks and the NAV of the scheme may go up or down depending upon the factors affecting the securities market. There can be no assurance or guarantee that the Scheme objectives will be achieved. The past performance of the previous scheme, sponsor or its group affiliates is not indicative of and does not guarantee future performance of the scheme. The sponsor is not responsible or liable for any loss or shortfall resulting from the operations of the scheme beyond the initial contribution of Rs.1 lakh made by it towards setting up of the Mutual Fund. Sahara Midcap Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its future prospects or the returns. Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Applicable Load: Entry Load: There is no entry load, Exit Load: 1% if redeemed on or before 12 months from date of allotment, if redeemed beyond 12 months from date of allotment: Nil.
Statutory Details: Sahara Mutual Fund has been set up as a trust under the Indian Trust Act 1882 (liability restricted to the corpus of Rs.1 lakh) with Sahara India Financial Corporation Limited as Sponsor and Board of Trustees as Trust and Sahara Asset Management Company Private Limited as the Investment Manager to Sahara Mutual Fund.

Sahara India Power Corporation Limited’s 1320 MW Titilagarh power plant will be based on environmentally efficient Supercritical Technology

Plant will operate with effluents of less than 50% of the limits fixed by Ministry of Environment & Forests, Govt. of India
Signs MOU with EWP, Korea for Technology & Joint participation in the project
Mumbai, July 27, 2010: Sahara India Power Corporation Limited (SIPCL) is setting up 2X 660(1320) MW Power Plant with investment of Rs. 8000 Crores based on Supercritical Technology. This Plant is based on advanced / best technology of world with participation of Korea East-West Power Co. Ltd., a company owned by the Government of Korea. This plant will operate with effluents of less than 50% of the limits fixed by Ministry of Environment & Forests, Govt. of India in their pollution standards.
The plant will operate with high pressure and high temperature thereby reducing coal consumption, which will drastically reduce SPM, SOX, and NOX. The Chimney height of 275 mtr. will help in keeping the environment clean. There will be green belt of 100 meter width adjoining the plant boundary and a total of 320 acres of plant will be in the greenbelt area. There will be a huge water reservoir having capacity of 11 lakh cubic meter inside the plant boundary. These environmental measures will help in control of temperature and there will not be any increase in the ambient temperature levels of the locality compared to the present.
This plant is located in the Titilagarh Tahasil of Balangir district in KBK Region where at present no major industry exists. The plant will be located in 950 Acres. There will be no displacement in the area. There is no forest land & irrigated land within the area earmarked. Orissa Water Department has sanctioned 50 Cusecs water to be drawn from Tel River. The plant is located about 2.00 Km away from river Tel thereby leaving substantial land for use by villagers for cultivation of vegetables etc.
The plant is envisaged with zero discharge i.e. no waste water will go outside the plant. All waste water will be treated and used within the plant. The Supercritical Technology envisages less consumption of water and fuel thereby resulting in low generation of ash. The ash generated will be disposed off with advanced technology high density system so that there will be no fly ash issues in the vicinity. The entire ash generated will be used in land filling, cement-industry, brick making, fertilizer etc. as per MOEF norms.
As per MOU with State Govt. 90% of Unskilled people, 60% skilled people, 30% Supervisory managerial people will be filled up by Project affected people (1st Preference) and people of Orissa. About 2000 people will get direct / indirect employments through the project.
With establishment of this Power Plant and availability of electricity many small and large scale industries will come up in the area generating major employment, self employment and business opportunities vastly improving the per capita income and living standards. There will be unprecedented all round economic growth in the area / Balangir district, the seed for which will be sown by implementation of the power plant by Sahara.
To reap fullest, SIPCL will train the local people by establishing ITI and training centres. Primary & higher education in the area will be supported by SIPCL. SIPCL has already initiated its CSR activities where SIPCL has been supplying potable drinking water in Titilagarh area in recent dry summer season & 3 nos. Of Mobile Health Unit (MHU) vans are operating in the Titilagarh and adjacent areas with qualified doctors and free medicines to take care of primary health of village people. All other corporate social responsibility will be in accordance with that decided by RPDAC and state Govt. from time to time.
Sahara is well known in the country for its social responsibility commitments and the local people will be benefited through these efforts with overall improvement in health, education, agriculture, communication and sports activities etc.

Sahara Mutual fund declares 20% Tax-Free Dividend under Sahara Power & Natural Resources Fund

Lucknow, July 27, 2010: Sahara Mutual Fund is pleased to declare 20% Dividend under Sahara Power & Natural Resources Fund. The Dividend is Tax Free in the hands of the investors. The record date for the purpose of dividend is 30/07/2010.
All such investors under dividend option of Sahara Power & Natural Resources Fund whose name appear in the register of the unitholder’s book as on the record date, would be eligible for dividend.
Announcing the dividend Mr. Naresh Kumar Garg, CEO, Sahara Mutual Fund, mentioned that these sectors offers attractive opportunities as the focus of Indian growth story rest with the exponential growth of Power Sector. The portfolio of the fund is well structured to reap the benefit.
Sahara Power & Natural Resources Fund is an Open-Ended Growth scheme that aims to generate long term capital appreciation through investment in equities and equity related securities of companies engaged in the business of generation, transmission, distribution of Power or in those companies that are engaged directly or indirectly in any activity associated in the power sector or principally engaged in discovery, development, production, processing or distribution of natural resources.
NAV of Sahara Power & Natural Resources Fund as on 23.07.2010 is Rs.13.6555.

The Queen’s Baton relay 2010 in Sahara Shaher Lucknow

The Queen’s Baton relay 2010 arrived at Sahara Shaher Lucknow at Saturday, 10th July 2010 at 9:35a.m. and Saharasri Subrata Roy Sahara – Managing Worker & Chairman, Sahara India Pariwar carried the Queen’s Baton at Sahara Shaher.

Generals of Sahara Pune Warriors Decided - Cricketing Legend Geoff Marsh as Head Coach and English all rounder Dermot Reeve as Assistant Coach

Lucknow, July 5, 2010: Sahara Pune Warriors, the Pune franchise of Indian Premier League (IPL) is delighted to announce the appointment of its Head and Assistant Coach for IPL season 4. The legendry Australian opener and world cup winning coach of Steve Waugh’s side in 1999, Mr. Geoff Robert Marsh has been appointed the Head coach of the team while former England international all rounder Mr. Dermot Reeve has been appointed the Assistant Coach. The announcement was done by Mr. Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar at the Sahara Headquarters with both Mr. Geoff Marsh and Mr. Dermot Reeve present at the conference.
Mr. Geoffrey Robert Marsh, the legendry Australian cricketer, coach and selector, as a cricketer played 50 Test matches and over 100 one-day Internationals for Australia,as an opening batsman. Marsh was a steady, solid right-handed opening batsman. He made his first-class debut for Western Australia as a nineteen year old in the 1977-1978 Sheffield Shield season. Marsh played international cricket over a seven-year period, ending in 1992. As a coach he was in charge when Australia won the 1999 Cricket World Cup in England, guiding the team to seven consecutive victories to help them win the tournament. Marsh was chosen as coach of the Australian national Test and one-day international teams in July 1996, playing a vital part in continuing his country's positions as the top cricketing nation of the time. He left the Australian coaching job and soon became a selector for the Australian Cricket Board (now Cricket Australia). In 2001 he was appointed as the coach of the Zimbabwean national team.
Mr. Dermot Reeve best known as an English all-rounder has made his first class cricket debut for Sussex in 1983 and played 29 one-day Internationals, including the World Cup Final in 1992 for England and 3 Test Matches for England. He is awarded with Wisden Cricketer of the Year 1995 and only person to win 3 ‘Man of the Match’ awards in Lord’s finals. He served as Hong Kong’s Cricket Coach in 1994/95, as a T20 bowling coach for New Zealand in 2008, as a Central districts coach 2008-09 and 2009-10 and Raigad Royals coach 2009 and 2010
While making this announcement Mr. Subrata Roy Sahara said,“We are delighted that we have been able to hand the reins of the team to two of the ablest professionals in the field. Geoff, with his wealth of experience and knowledge will be the captain of the ship while Dermot with his aggressive approach, enthusiasm and experience will assist him. Along with this they are excellent human beings and I am confident that this combination of the vast experience and aggressive approach will tremendously help in making the Sahara Pune Warriors a well equipped and string team”
Geoff Marsh, delighted at the appointment, said, “The IPL is the most exciting thing to happen to world cricket and Sahara Pune Warriors is in turn the most exciting thing to happen to IPL. I am extremely excited about this opportunity.” When asked about the retention policy, Marsh said, “As a new franchise we really hope that the BCCI gives us a level playing field and that all players are allowed to go into an open auction.” Reeve, echoing similar sentiments suggested, “Only then will the standard of he tournament be maintained and the principle of fair play and natural justice adhered to.”

Air India lifts the Sahara City Homes Sheesh Mahal Cricket Trophy

• The presence of Harbhajan Singh – the Chief Guest for the final match, enthralled the sports lovers of the city
• Ajeet Chandela of Air India won the award for ‘Man of the Match’
• Abhishek Jhunjhunwala honoured with the award for ‘Man of the Tournament’
Lucknow, June 5, 2010: The final match of the ‘57th Sahara City Homes Sheesh Mahal Cricket Tournament’ was played today between Air India and Sahara India at K.D. Singh Babu Stadium where Air India won the match by a margin of 54 runs. The tournament which started on 31st May 2010 and served as a feast to the sports lovers of the city was concluded with huge fanfare and glitterati. Harbhajan Singh was the Chief Guest for the final match that captivated the attention of the people of the city.
The start of the match was delayed due to showers in the morning. The match started at 1:00 p.m. and the number of overs per side, were reduced to 12 from 20. Ajeet Chandela of Air India scored quick 44 runs in just 19 balls. He also took 3 wickets for 16 runs in 3 overs and was awarded ‘Man of the Match’ for his stupendous performance. The ‘Man of the Tournament’ Award went to Abhishek Jhunjhunwala of Sahara India, for his outstanding batting throughout the tournament. Earlier, Sahara India had defeated India Oil by a huge margin of 91 runs and Air India won their match against ITC by 4 wickets to make their way into the final of ‘57th Sahara City Homes Sheesh Mahal Cricket Tournament’.
Speaking on the occasion, Shri Abhijit Sarkar, Head – Corporate Communications, Sahara India Pariwar said, “We are happy to see that the 57th Sahara City Homes Sheesh Mahal Cricket Tournament which was played in T20 format, for the first time, has been well appreciated and accepted by the Lucknowites. This gives us more confidence to contribute more towards the development of the tournament. We take this tournament with a pledge to ourselves that we will eventually make it one of the most sought after tournaments of the country.”
Adopted by Sahara in the year 2006, ‘Sahara City Homes Sheesh Mahal Cricket Tournament’ is played on a league cum knock out basis. This year, there were 8 teams which were divided into 2 pools with 4 teams in each pool. The teams of Indian Oil, ONGC, Maharashtra Cricket Association and ITC are placed in Pool A while Pool B includes the teams of Air India, Uttar Pradesh Cricket Association, India Post and Sahara India. The matches were played at K.D. Singh Babu Stadium and Chowk Stadium with 2 matches on each ground on 31st May, 1st June and 2nd June 2010. The semi-finals were played on 4th of June 2010.
The tournament which is one of the oldest and the most acclaimed national cricket events has seen many cricket legends playing for the Cup. Sahara has plans to develop the event as one of the major cricket tournaments of the sub-continent in the coming years. This will help the development of the game at ground level and will provide the international exposure to the local players from different parts of the nation.
Match Summary:
The final match (Air India vs. Sahara India) was played today at K.D. Singh Babu Stadium where Air India defeated Sahara India by a margin of 54 runs. The start of the match was delayed due to rain in the morning and for the same, the match was reduced to 12 overs per side. After winning the toss, Air India decided to bat first and scored 113 runs for the loss of 4 wickets in 12 overs. Ajeet Chandela of Air India who scored a quick 44 runs of 19 balls and took 3 wickets in 3 overs, giving away 16 runs, was awarded ‘Man of the Match’ for his all-round performance. Batting second, Sahara India scored 59 runs for the loss of 8 wickets in 12 overs.

Sahara Mutual Fund declares 40% Tax Free Dividend under Sahara Mid Cap Fund

Lucknow, 24th May, 2010: Sahara Mutual Fund has declared 40% tax-free dividend under Sahara Mid Cap Fund. The Dividend is Tax Free in the hands of the investors. The record date for the purpose of dividend payout is 28/05/2010.
All such investors under dividend option of Sahara Mid Cap Fund whose name appear in the register of the unit holder’s book as on the record date, would be eligible for the dividend.
Announcing the dividend, Mr. Naresh Kumar Garg, CEO, Sahara Mutual Fund mentioned that given the trajectory of Indian GDP, the mid sized companies with quality managements have been capitalizing on opportunities and hence are posting above normal Growth rates. This holds well for the stakeholders of such companies in this segment. He further mentioned that Sahara Mid Cap Fund has shown remarkable performance over various time periods since its inception.
Sahara Mid Cap Fund is an Open-Ended Growth scheme that aims to provide long term capital Growth at Medium Level of risks by investing primarily in mid- cap stocks. NAV of Sahara Mid Cap Fund (Dividend Option) as on 21.05.2010 is Rs.18.6693.

Sahara ties up with Israeli firm for solar technology

Mumbai, May 25 : Sahara India Power Corp, a subsidiary of the Sahara India group, Tuesday said it has tied up with Israel-based Safesky Software to manufacture advanced solar power technologies.

The companies will also set up a demonstrative solar power plant of 5 MW at a Sahara India owned location in India.

'Safesky has advanced technologies in Solar Power, Medical, Communication and Water which will be available to Sahara India Power Corporation for marketing and manufacturing in India,' said a Sahara statement.

'This new technology is definitely going to benefit our country in a very big way. In our country, particularly in rural areas with 500 million people, the power deficit is very high and I am sure this product will definitely help our country immensely,' said Saharasri Subrata Roy, chairman, Sahara India Pariwar.