Express Newsline Link Exchange - One Way and Reciprocals.
Destination Guide - Information on More than 100 Destinations.
The Sacred Yoga - Find Peace of Mind And Get Spiritual Lessons.
Home
stock markets
health talk
indyalink.com
debt consolidation
software guide
Subscribe to Print Edition
Sahara founder says he is hale and hearty
Publish Date : 6/11/2005 8:35:00 AM   Source : Business News ExpressNewsline.com

The founder and managing worker of the $10.87 billion Sahara group, Subrata Roy, says he was away from public life for three months because of blood pressure surges and that he is otherwise keeping good health.



In a freewheeling interview to two leading dailies published Friday, the 58-year-old Roy also sought to end speculation over a succession struggle within the group, adding that the empire would be handled by a trust he is forming.

Roy, The Times of India and The Economic Times said, also produced a medical certificate that reportedly declares him to be free of any disease.

"I have got an HIV test done and I do not have AIDS," the newspapers quoted the tycoon - who has been presiding over a group with interest that spans para-banking and aviation to broadcasting and real estate - as saying.

For the past three months, there has been intense speculation in the media and the corporate world over the health of the flamboyant business tycoon who claims to have built his $10.87-billion business empire in just 27 years.

This had even led to a habeas corpus petition in the Allahabad High Court, claiming some family members and officials had kept Roy in detention to siphon off his money. The petition was summarily dismissed last month.

In the interview, Roy spoke about a range of issues - from his association with Uttar Pradesh Chief Minister Mulayam Singh Yadav, businessman-turned-politician Amar Singh and the Ambani family to his own succession plans for the group.

He said he had spoken to the Ambani brothers - Mukesh and Anil - to end their bitter battle over the ownership and control of the Reliance group. "I am telling Anil and Mukesh to settle things fast," he was quoted as saying.

In a different context, he also said Sahara was India's largest first-generation group today - a distinction that was earlier held by Reliance founder Dhirubhai Ambani, whom Roy says he admired.

Roy - whose photos doing a workout, practising yoga and playing cricket were published by the two papers - also dismissed talk that a proposed succession plan would see his two sons, Sushanto and Seemanto, taking over the group.

"Sahara is a family, it can't be split and given away to two children or to anyone like that. Sahara will not have any owners and will be run by a trust which will make it impossible to split the group in 200 years."

The founder chairman also dismissed talks that he was facing problems with the United Progressive Alliance (UPA) government at the centre because of his association with Yadav and Amar Singh who share a strained relationship with Congress party.

"Not one bit," he is said to have replied when queried about whether the change of government at the centre had affected his business.

He said the central bank had restricted the amount of money that Sahara's para-banking business could invest in other ventures to 10 percent.

Roy, nevertheless, added that the UPA government was not responsible for that since the process had been started by the previous National Democratic Alliance regime, led by the Bharatiya Janata Party.





Harvard students condemn Oxford University         Publish Date : 3/5/2007 7:11:00 AM  
Two Harvard students, including an NRI, have condemned Oxford University, where they are Rhodes scholars, as "outdated" and "frustrating" and dismissed its world famous Bodleian library as "less than inspiring".

Indian embassy to outsource jobs to American firm         Publish Date : 3/5/2007 7:10:00 AM  
After taking thousands of American jobs through outsourcing, India is planning to give a few back. The Indian embassy in the US capital is planning to outsource processing of visas to a US-based company.

Badal heads 18-member coalition ministry in Punjab(Final lead: Badal)         Publish Date : 3/3/2007 7:29:00 AM  
Octogenarian leader of the Shiromani Akali Dal (SAD) Parkash Singh Badal, on Friday took oath as Punjab's new Chief Minister and will lead an 18-member SAD-Bharatiya Janata Party (BJP) coalition ministry.

Bareilly eunuch adopts a girl child         Publish Date : 3/3/2007 7:22:00 AM  
It was a day of celebration for Saroj, a eunuch in Bareilly in Uttar Pradesh, as 'she' has become a 'mother' by adopting a baby girl.

Kalam offers prayer at Fatehpuri Masjid         Publish Date : 3/3/2007 7:16:00 AM  
Keeping a promise made two years ago, President A P J Abdul Kalam today offered prayers at the historic Fatehpuri Masjid in Chandni Chowk here along with thousands of Muslims.

Union Budget directionless, says Modi         Publish Date : 3/1/2007 8:41:00 AM  
Gujarat Chief Minister Narendra Modi today criticised the Union Budget by terming it as "directionless".

Centre allocates over Rs 100 crore for minority zones         Publish Date : 3/1/2007 8:38:00 AM  
Unfazed by the BJP's criticism over its welfare schemes for Muslims, the Congress-led Central Government has allocated over Rs 100 crore for development programmes in select districts with a sizeable population of minorities.

Kins of political bigwigs fail to find voters' favour         Publish Date : 3/1/2007 8:27:00 AM  
The assembly polls in Punjab turned out to be unkind for several kins of political bigwigs as voters rejected most of them barring some of Shiromani Akali Dal (SAD) supremo Parkash Singh Badal's near and dear ones.

High Court order on age of nursery admission tomorrow         Publish Date : 3/1/2007 8:24:00 AM  
The Delhi High Court today observed that the city Government's submission that a child should be four-years-old to get admission in nursery class was contrary to the law.

Parliament session may be stormy tomorrow on Quattrocchi issue         Publish Date : 3/1/2007 8:18:00 AM  
After the lull, it is going to be storm again in Parliament tomorrow.

Total Results : 709  
More News (Opens in New Window) :    [1]   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71      Next Page
one way links | stock markets | outsourcing deals | local news | real estate |
Free Classifieds | express newsline | Fitness Guide | Links Directory | Wbmaster Forums | Travel Guide | destination guide | domain names | best mutual funds | yoga asana | press releases | fitness guide | home finance | Free Ads | links directory | reciprocal links | travel links | voyager.in | valuations | dhaliwal | data entry | WikiPedia | weight loss | market news | credit cards |