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Sahara India Commercial Corporation Ltd (SICCL) has approached the Supreme Court seeking permission to sell a number of its properties, including Amby Valley in Maharashtra and Sahara Saher in Lucknow, to Adani Properties Private Limited. The plea, mentioned for hearing recently, is expected to come up on October 14.The application, filed through advocate Gautam Awasthi, stated the move is intended “..to outright sell various properties belonging to the Sahara Group to Adani Properties Private Limited, for the consideration and on the terms and conditions as set out in the term sheet dated September 6, 2025.”The plea, submitted as an interlocutory application in pending matters related to the Sahara Group, explained that SICCL and the Sahara Group had, with great difficulty, managed to liquidate certain movable and immovable assets over time, with proceeds deposited in the SEBI - Sahara Refund Account."Out of a total principal amount of Rs 24,030 crore, the Sahara Group, by way of sale/liquidation of their movable and immovable assets have realised an amount of approximately Rs 16,000 crore and deposited the same in the SEBI – Sahara Refund Account," it said.The plea highlighted the Securities and Exchange Board of India’s (SEBI) inability to liquidate Sahara assets despite involving reputed estate brokerage firms, noting that the deposits in the SEBI account were achieved solely through the efforts of SICCL and the Sahara Group.Following the death of Sahara Group chief Subrata Roy in November 2023, the plea said, the group lost its principal decision-maker. “The family members of the late Subrata Roy were not involved in the day-to-day business operations and management of the Sahara Group. However, considering the family members desire to safeguard the interest of the investors, the Sahara Group has decided that the assets of the Sahara Group be liquidated at the maximum value and in an expeditious manner to satisfy the orders passed by this court, to discharge the liabilities of the Sahara Group and put a close to the present contempt proceedings,” it added.SICCL said the move is in the interest of all stakeholders, particularly the investors, to ensure claims are met and maximum value is realised. It pointed out that earlier efforts to sell the assets were hampered by weak market conditions, lack of viable offers, pending litigations, and investigations by multiple agencies.“The said parallel and uncoordinated actions are not only creating confusion, conflicting narratives, and unwarranted doubt in the mind of investors/ depositors but are also effectively hampering, and are likely to further hamper, the ongoing efforts of the Sahara Group to monetise its assets and comply with the directions of this court,” the plea said.The application also noted that after Roy’s death, certain individuals attempted to deal with Sahara’s immovable assets relying on outdated board resolutions without proper authority. These attempts were addressed through complaints to protect the group’s assets and prevent unauthorised transactions.The plea seeks court approval for the sale of 88 properties as outlined in the term sheet dated September 6 between SICCL and Adani Properties. The transaction is described as a “significant breakthrough,” unlocking substantial value from Sahara’s key immovable assets while ensuring compliance with financial obligations under court orders.On September 12, the Supreme Court had ordered the disbursal of Rs 5,000 crore from over Rs 24,030 crore deposited by the Sahara Group with SEBI to repay dues to depositors of the Sahara Group of Cooperative Societies. This decision followed a similar allocation of Rs 5,000 crore under a March 29, 2023 order.With inputs from PTI

Riding a wave of macroeconomic and industrial tailwinds, silver touched new all-time highs on the MCX on Monday, breaching the Rs 1.44 lakh per kilogram mark. Amid this backdrop, “Rich Dad Poor Dad” author Robert Kiyosaki made a bold forecast, predicting a fivefold return on silver investments over the next year.In a year marked by dramatic shifts across asset classes, silver has emerged as the standout performer of 2025, quietly outperforming its more celebrated counterpart, gold. With a stunning 53% year-to-date (YTD) return so far, silver has caught the attention of retail investors and market watchers alike.Taking to social media platform X (formerly Twitter), Kiyosaki stated, “IF I HAD $100, WHAT WOULD I INVEST IN? I WOULD BUY MORE SILVER COINS.”“I predict your $100 in silver will be $500 in a year,” he added.Link: https://x.com/theRealKiyosaki/status/1972337445976121820In his post, he further claimed that silver has been manipulated for years and is “about to explode” in September 2025. He urged followers not to miss what he called “silver’s explosion,” adding, “I am buying more tomorrow.”The optimism around silver is backed by several strong fundamental factors. According to analysts, silver is currently benefitting from a powerful trifecta—safe-haven buying amid global uncertainty, growing industrial demand, and a weakening dollar.Demand from green energy applications, particularly in solar panels and electric vehicles, continues to lend long-term strength to the metal. Consistent ETF inflows and tight supply conditions have also supported its rally.Silver is increasingly being viewed as a hybrid asset, offering both the stability of a monetary hedge and the upside of industrial recovery.“Investors are flocking to silver because it has both monetary and industrial value. That dual nature is very attractive in a year of global rate pivots and infrastructure spending,” noted Jigar Trivedi, Senior Analyst – Commodities & Currencies at Reliance Securities.Trivedi further added that silver, currently trading near Rs 1,44,000 per kilogram on the MCX, could rise to Rs 1,70,000–Rs 1,75,000 over the next six months, driven by global supply deficits and increasing investor interest. With the U.S. Federal Reserve expected to ease rates, silver’s safe-haven appeal is likely to strengthen.Adding to the bullish sentiment is the surge in speculative activity in the options and futures segment. Volumes in silver options on the MCX have seen a consistent uptick in recent weeks, reflecting growing retail and institutional participation.Also read | How silver dethroned gold in 2025’s race for returns and why investors are rushing in(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Tata Communications on Monday announced that the Ministry of Finance has awarded it with a strategic project to deliver a comprehensive digital infrastructure for the Goods and Services Tax Appellate Tribunal (GSTAT) benches.The projects, spanning network fabric, IoT, cloud, and security, with unified management across domains, is said to be a multi-crore project positioning Tata Communications as a trusted technology partner for mission-critical national initiatives.Under the project, Tata Communications will deliver a secure, scalable, and intelligent digital fabric of solutions for the GSTAT. The digital infrastructure — spanning LAN, WAN, SDWAN, video conferencing, cloud services, and advanced security — will underpin the tribunal’s operations.GST Appellate Tribunal is a dedicated appellate tribunal to adjudicate GST related disputes with principal bench in New Delhi and 31 state benches."The initiative will automate operations, strengthen transparency, and significantly enhance efficiency, by enabling predictive analytics and chatbots, creating a resilient and future-ready digital ecosystem. This integrated infrastructure," the company said in a regulatory filing.The new digital system will empower the tribunal to: Accelerate and streamline end-to-end operations of GSTAT Ensure seamless access across all GSTAT benches nationwide Safeguard tribunal’s data transfer and ensure operational security Deliver a simplified and frictionless user experience"We are honoured to partner with the Ministry of Finance and be entrusted with building and managing the digital backbone for GSTAT, a reformative institution in India’s taxation landscape," Sumeet Walia, Executive Vice President and Chief Sales & Marketing Officer, said.Also read: September-end listing deadline looms large for Tata Sons"With enhanced transparency and secure infrastructure for institution like GSTAT, which facilitate resolution for taxpayers, this project aligns perfectly with our purpose of supercharging progress and innovation and with the Government’s vision of Digital India," he added.Shares of Tata Communications Limited were trading at Rs 1630.10 per scrip (+1.19%) as on 11:49 on Monday.