The country’s largest bank, State bank of India, and biggest private sector lender, ICICI Bank, are among the major lenders to Jaiprakash Associate
The arrangement between the two companies, announced on October 6 last year, was a combination of two assets of the Noida-headquartered company.
In the past one month, the stock price of little-known Andhra Cements ran up close to 70 percent, even beating its larger peers by a margin. The rally could most likely have been sparked by market buzz that the Jaypee Group-promoted cement player has been put on the block.
Sobha Ltd has been ranked number one in Track2Realty‘s Best Practices Report-2017, followed by Godrej Properties and the Prestige Group. This is the first of its kind in-depth report on best practices prevalent in R
When Housing News analysed the impact of demonetisation over the property prices, some of the critics disagreed and even took it as an endorsement of black money in real estate. Nevertheless, the theory that R
At a recent meeting, lenders approved Jaypee Infratech's plan to securitise Yamuna Expressway to Rs 2,000 crore to service its Rs 4,500-crore debt.
Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore
In a bid to service its Rs-75,000-crore debt, Jaypee Group is setting its sights on the sale of other business. The group has already divested its stake cement business to UltraTech.
Its income from operations for the quarter, however, went up to Rs 1,236.41 crore, over Rs 790.02 crore for the same period in the last fiscal, the company said in a regulatory filing.
"JP Associates has withdrawn its proposal of semiconductor plant. They have said that it is not commercially viable to set up this plant at present," DeitY (Department of Electronics and IT) Secretary Aruna Sharma told reporters on sidelines of a Qualcomm event.
With this deal, Jaypee's exposure to Axis Bank, which stood at around Rs 1500 crore, has been reduced to half.
A third of the country's 500 largest listed non-financial companies failed to earn enough to make interest payments in the financial year that ended March 2015, according to a new report from local ratings agency India Ratings and Research.
The real-estate-to-road group, best-known as the builder of India's Formula One racing track, had debts of around 670 billion rupees (USD 10 billion) as of February. It has been identified by banks as one of India's most leveraged companies with worsening financial performance.
Speculated to be the largest cement deal in the country, this demerger will cut Jaypee‘s debt by approximately Rs 20000 crore. The enire 22 million tonne capacity business is likely to be separated into a special purpose entity (SPE).
Investors pressed the panic sell button on Unitech and Jaiprakash Associates on Wednesday after rumours indicated that both companies have defaulted on repayments of debt to lenders. Realty company Unitech crashed as much as 51 percent intraday and Jaiprakash Associates plunged 32 percent.
The Aditya Birla Group firm had reported a net profit of 864.83 crore in the January-March period of 2013-14 fiscal, Ultratech said in a regulatory filing. The country's largest cement maker reported a growth of 4.47 percent in its turnover during the quarter at Rs 6,597.49 crore
According to Sachin Shah, Fund Manager at Emkay Investment Managers the undertone for market continues to be buoyant. He thinks Larsen and Toubro would be a good long-term bet.
"The equity invested by the consortium in the acquisition of the two hydroelectric plants will amount to approximately Rs 3,820 crore (USD 616 million, based on March 1, 2014 foreign exchange rate), of which 51 percent is from TAQA.
Jaypee Group now under the radar of the trade fair regulator, the competition commission of India or CCI for alleged abuse of dominant position in selling apartments in Noida,
Jaypee Group is likely to sell equity in two of its hydro power projects and is in discussion with some players.
Jaypee Cement, a division of Jaypee Group, is aiming 15 percent revenue growth during the current financial year,
Gaursons India Limited bought 300 acres of land from Jaypee to develop a 240-acre township 'Gaur City' in partnership with Saviour at Noida Extension
Indian conglomerate uses Polycom video collaboration across 40 dispersed offices for faster decision-making during long-term projects.
Jaypee Infratech, which has been reeling under huge debts, is aiming to raise its revenue to Rs 4, 000 crore in 2013-14 on the back of two three projects that company plans to launch in the next fiscal
NHAI Board has given its approval for 74 per cent equity takeover by IDFC in the Delhi-Gurgaon expressway project from its present developer DSC Ltd.