Subrata Roy to stay in jail, Supreme Court rejects Sahara's proposal as 'big insult'

Subrata Roy, the 65-year-old head of the Sahara conglomerate, will remain in Delhi's Tihar Jail, where he was placed on Tuesday night, the Supreme Court said today, rejecting as "an insult" a proposal from the firm to repay thousands of crores to small investors. "Don't make us assemble if you don't have a better offer. This is a dishonest proposal," said the judges, fixing the next hearing for Tuesday. Mr Roy was arrested on...