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Shareholders of <keyword id="149362" type="General" weightage="100" keywordseo="kirloskar" source="Orion">Kirloskar</keyword> Brothers Ltd have rejected a resolution for forensic audit of the affairs of the company by an external agency, according to a regulatory filing on Monday. On December 8, an extraordinary general meeting of the company's shareholders was convened following requisition by Kirloskar Industries Ltd (KIL) along with <keyword id="281440" type="General" weightage="50" keywordseo="atul-kirloskar" source="Orion">Atul Kirloskar</keyword> and <keyword id="659367" type="General" weightage="50" keywordseo="rahul-kirloskar" source="Orion">Rahul Kirloskar</keyword>, who together hold 24.92 per cent in Kirloskar Brothers Ltd (KBL), amid the simmering feud between Kirloskar siblings. The ordinary resolution was rejected with 63.99 per cent of votes against it while 36.01 per cent were in favour, the filing said. The resolution had called for the appointment of an independent forensic auditor for conducting a forensic audit to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges over the past six years and the affairs of the company. It had also sought investigation to verify all records, books of accounts, minutes books, and other documents of the company besides examining the conduct of the board of directors, including independent directors. KBL board had advised its shareholders to reject the resolution saying "the requisitionists are not justified in questioning the independence of the Independent Directors or the decisions of the board" to initiate legal proceedings to protect the interest of the company. The Kirloskar siblings, with KBL Chairman and Managing Director <keyword id="292658" type="General" weightage="50" keywordseo="sanjay-kirloskar" source="Orion">Sanjay Kirloskar</keyword> on one side and Atul and Rahul on the other, have been in a feud since 2016 over the deed of family settlement for the assets of the more than 130-year-old Kirloskar group. Rahul Kirloskar is the executive chairman of Kirloskar Pneumatic Co Ltd and Atul Kirloskar is the executive chairman of Kirloskar Oil Engines Ltd. In October, Kirloskar Industries Ltd (KIL) along with Atul and Rahul Kirloskar, had sought convening of an extraordinary general meeting of shareholders of KBL seeking a forensic audit of the affairs of the latter by an external agency. They had demanded that being a listed entity KBL should justify the rationale and basis on which it has been spending huge amounts aggregating to approximately Rs 274 crore towards payment of professional illegal expenses and consultancy charges ever since their dispute arose since on or about 2016. After being cleared of insider trading charges labelled against them by the Securities Appellate Tribunal (SAT), Rahul and Atul had raised questions over corporate governance of KBL. They were accused of insider trading when they sold shares of KBL to KIL back in 2010. They had accused KBL of "mis-utilising shareholder resources of a publicly listed company and misusing regulatory machinery" in the personal dispute of its Chairman &amp; Managing Director Sanjay Kirloskar. KIL had demanded that the audit must look into the conduct of the KBL board, especially the independent directors, on whether it has "verified the claims made by Sanjay Kirloskar in relation to the Deed of Family Settlement (DFS), in order to ensure that they have not been misled by the claims made" by the latter. In its rebuttal, KBL had said the legal fees over the last seven years were approximately Rs 70 crore, while a "major portion of the said Rs 274 crore is professional fees paid to various Indian and overseas reputed consultants to improve the company's business". SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/dalmia-bharat-to-acquire-cement-power-plants-of-jaiprakash-associates-for-5666-crore-enterprise-value/articleshow/96175228.cms">Dalmia Bharat to acquire cement, power plants of Jaiprakash Associates for ₹5,666 crore enterprise value</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/415-mn-indians-lifted-out-of-poverty-in-india-in-15-years-govt-says-quoting-undp/articleshow/96174443.cms">415 mn Indians lifted out of poverty in India in 15 years: Govt says quoting UNDP</a>

Kirloskar Brothers shareholders reject resolution for forensic audit

New Delhi, Feb 13 () Jaiprakash Associates Ltd (JAL) on Thursday reported a consolidated net loss of Rs 874.44 crore for the quarter ending December.Its net loss stood at Rs 400.72 crore in the year-ago period.Total income declined to Rs 2,119.63 crore in the third quarter of this fiscal year from Rs 2,583.62 crore in the corresponding period of the previous year.JAL is engaged in many businesses including cement, power, construction, hospitality, real estate and sport events. MJH MRMR

Jaiprakash Associates net loss widens to Rs 874.44 cr during Oct-Dec quarter

The shares of <keyword id="147208" type="COMPANY" weightage="20" keywordseo="Jaiprakash-Associates-Ltd">Jaiprakash Associates Ltd</keyword> jumped 6.1% following the signing of a memorandum of understanding (MoU) with UltraTech Cement, according to which, the latter will buy two cement plants of Jaiprakash Associates in Madhya Pradesh. 
 The MoU is one of the many steps that the <keyword id="45043" type="COMPANY" weightage="20" keywordseo="Jaypee-Group">Jaypee Group</keyword> has been taking to reduce debt, which was Rs 65,000 crore as on March 31, 2014. According to media estimates, the debt would now come down to about Rs 44,000 crore after the MoU implemented. 
 The shares of UltraTech Cement were 2.7% higher at Rs 2610. As per report in The Economic Times, the <keyword id="6359480" type="PERSON" weightage="20" keywordseo="Aditya-Birla">Aditya Birla</keyword> Group company is likely to sign a ‘definitive agreement’ after finalising a ‘due diligence process,’ which is expected to commence shortly. 
 
According to a press release issued by UltraTech Cement, the total enterprise valuation of the transaction, which includes debt, is Rs 5,400 crore.

Shares Of Jaiprakash Associates Gain Over 6%

As the sale of <a href="http://www.businessinsider.in/searchresult.cms?query=jaypee&amp;sortorder=effectivedate">Jaiprakash Associates Limited</a> (JAL) cement assets to Kumar Mangalam Birla’s <a href="http://www.businessinsider.in/searchresult.cms?query=ultratech+cement&amp;sortorder=effectivedate">UltraTech Cement</a> hit a roadblock, the <keyword id="6653" type="CITY" weightage="20" keywordseo="ICICI-bank">ICICI Bank</keyword> began strategic debt restricting. 
 
This move by <a href="http://www.businessinsider.in/searchresult.cms?query=ICICI&amp;sortorder=effectivedate">ICICI Bank</a>, which is the lead banker for (JAL), will also initiate a process that could translate into lenders cumulatively taking over the company. 
 
People familiar with the development told ET that UltraTech wanted to minimise the ticket size of the Rs 15,900-crore transaction by hand picking few assets only, now possible under the recently amended Mines and Minerals Development and Regulation (MMDR) Act. 
 
In this regard, JAL and its lenders have sent feelers to other potential suitors such as JSW Group, KKR, etc. 
 
Meanwhile, UltraTech, reportedly, sent letters to JAL's lenders saying it has entered into a binding agreement with the company and that it is illegal to engage with anyone else for any negotiations for these assets. 
 
JAL owes its lenders over Rs 30,000 crore and the sale of its cement assets is a vital component of its debt reduction strategy. 
 
"JLF will have three months' time to either approve the SDR or reject it. During this period, the lenders will treat JAL as a regular account," a person familiar with the development told ET. 
 
The debt restricting process kicks off when a company defaults on its repayment schedule. 
 
But until the time the lenders' forum takes a call on SDR, the loan is not considered a non-performing asset.

Uncertainty looms over Jaypee’s cement deal with UltraTech, ICICI begins debt restructuring

In an announcement to <keyword id="35140" type="CITY" weightage="80" keywordseo="BSE">BSE</keyword> on Thursday (June 24), Jaiprakash Power Ventures, a subsidiary of Jaypee Group, said, <keyword id="1521617" type="COMPANY" weightage="80" keywordseo="Abu-Dhabi-National-Energy-Company">Abu Dhabi National Energy Company</keyword> or TAQA has withdrawn an agreement of acquiring the two hydropower plants of the company located in Karcham and Baspa areas of Himachal Pradesh.
 TAQA had announced in March, 2014 that a consortium led by it had agreed to buy the two plants valued at around Rs 9,689 crore. Analysts regard this as a major setback to <keyword id="45043" type="COMPANY" weightage="80" keywordseo="Jaypee-Group">Jaypee Group</keyword>'s debt-reduction plan. Under the deal, TAQA was to have a 51% stake, while Canada's PSP Investments 39% and <keyword id="6361420" type="ORGANIZATION" weightage="80" keywordseo="IDFC">IDFC</keyword> Alternatives 10%. <keyword id="139117" type="COMPANY" weightage="80" keywordseo="Jaiprakash-Power-Ventures">Jaiprakash Power Ventures</keyword> said the company received a notice from <keyword id="2441347" type="UNKNOWN" weightage="80" keywordseo="TAQA-India-Power-Ventures">TAQA India Power Ventures</keyword> that the company was withdrawing from the acquisition agreement signed in March due to a change in its group's business strategy and priorities. "The withdrawal makes TAQA liable to payment of break fee in terms of the said acquisition agreement," the company said its stock exchange filing. <keyword id="64711" type="CITY" weightage="80" keywordseo="Jaiprakash-Associates">Jaiprakash Associates</keyword>, the flagship company of Jaypee Group, had raised Rs 1,500 crore through qualified institutional placement (QIP) of shares in the beginning of this month. The funds raised through it will be used to repay or pre-pay certain loans, besides making investments in subsidiaries and joint ventures of the company, primarily in the cement and fertilisers space. 

	Jaypee Group has been selling assets to reduce high debt, the standalone debt of Jaiprakash Associates still stood at Rs 28,164 crore as on March 31. Its interest cost for 2013-14 almost doubled to Rs 6,094 crore from Rs 3,134 crore a year earlier. The group raised Rs 15,869 crore via sale of some power and cement assets and land parcels. This will help reduce its debt by about Rs 8,030 crore.

	(Image: Jaypee Power Vetures)

Abu Dhabi’s TAQA Scraps Off Jaypee’s Hydropower Plants Deal

The Competition Commission of India (<keyword id="47183" type="ORGANIZATION" weightage="20" keywordseo="CCI">CCI</keyword>) has approved the business transfer agreement between Shree Cements Limited (SCL) and <keyword id="45043" type="COMPANY" weightage="20" keywordseo="Jaypee-Group">Jaypee Group</keyword>’s flagship company Jaiprakash Associates Limited (JAL). 
	 
	“Considering the facts on record and the details provided in the notice given under sub-section (2) of Section 6 of the Act and assessment of the proposed combination on the basis of factors stated in sub-section (4) of Section 20 of the Act, the Commission is of the opinion that the proposed combination is not likely to have an appreciable adverse effect on competition in India in any of the relevant market(s) and therefore, the Commission hereby approves the same under sub-section (1) of Section 31 of the Act,” stated the notice by CCI. 
	 
	Under the agreement, JAL has proposed the sale of a cement grinding unit at Panipat in Haryana with a capacity of 1.5 million tonnes per annum to SCL on September 19, 2014. 
	 
	“The Commission noted that in the relevant market comprising the states of Haryana and Rajasthan as discussed above, the market shares in terms of installed capacity is 23% of SCL and 3% for the cement grinding unit. Thus the post combination market share of the acquirer will increase to 26%. The market is moderately concentrated but the change in market concentration as indicated by incremental HHI would not be significant,” said the notice by CCI. 
	 
	The companies have also informed CCI that the capacity utilization of the plant has been depreciating over the years and reached 42% in 2013-14, further declining to 19% in the first quarter of the current fiscal year. 
	 
	“The parties have stated that this reduction in capacity utilization is due to higher cost of operating the plant vis-à-vis other plants of JAL and high logistics cost of transporting clinker from JAL’s Baga unit in Himachal Pradesh…SCL needs additional cement grinding capacity to fully utilize its available clinker production capacity,” noted the commission.

CCI Approves
Proposed Business Transfer Agreement Between Jaiprakash and Shree Cements

Anil Ambani-led Reliance Power (<keyword id="48071" type="COMPANY" weightage="80" keywordseo="RPower">RPower</keyword>) signed an initial pact in New Delhi on Sunday to acquire the three hydroelectric power plants of <keyword id="1029556" type="ORGANIZATION" weightage="80" keywordseo="Jaiprakash-Associates-limited">Jaiprakash Associates Limited</keyword>. SBI Capital Markets is acting as adviser for the proposed transaction. 
 According to a statement issued by the company, <keyword id="2446599" type="UNKNOWN" weightage="80" keywordseo="Reliance-CleanGen-Ltd">Reliance CleanGen Ltd</keyword> (RCL), a 100-per cent subsidiary of Reliance Power Limited , and Jaiprakash Power Ventures Limited (JPVL), a subsidiary of Jaiprakash Associates Limited (Jal), have assigned an exclusive memorandum of understanding for the 100-per cent acquisition by RCL of the entire hydroelectric power portfolio of JPVL. 
 
Jaiprakash Power Ventures Limited’s (JPVL’s) hydroelectric power portfolio has an aggregate capacity of nearly 1,800 MW. This is fully operational and is the largest in the private sector in India. It and with an asset base of over Rs 10,000 crore. The portfolio comprises three plants with an asset life of over 50 years. Each of the plants are using run-of-the-river technology to convert natural water flow to electricity eliminating the need for a large reservoir. 
 
According to RPower, Jaiprakash Associates Limited (Jal) intends to utilise the entire proceeds of the proposed transaction to reduce its outstanding debt. This will deleverage its consolidated balance sheet. It also added that the completion of the proposed transaction would make RPower the largest provider of hydroelectric power in the private sector in India. 
 
RPower has hydroelectric power projects aggregating over 5,000 MW under development, of which 4,200 MW are located in Arunachal Pradesh, 700 MW in Himachal Pradesh and 400 MW in Uttarakhand. 
 
Earlier, an Abu Dhabi-led consortium pulled out of a $ 1.6 billion deal to buy two hydroelectric power plants from JPVL dealing a blow to the Indian Group's efforts to cut its debt. According to a stock exchange filing by Jaiprakash Power, Abu Dhabi National Energy Co (Taqa) told the company that the decision was due to a change in the Group's business strategy and priorities.

RPower Signs Agreement To Buy Jaypee's Hydroelectric Power Plants

Online education company for developers and IT professionals, <keyword id="2681073" type="General" weightage="100" keywordseo="pluralsight" source="Orion">Pluralsight</keyword>, which was recently valued at more than $1 billion has announced to lay off 20 per cent of its global workforce, about 400 employees. CEO Aaron Skonnard said in an email to employees he owns this outcome and "take full responsibility for the decisions that got us here". "I've spoken to all of you this year about the challenging economic environment we're operating in and how it has affected our business performance," he wrote. Unfortunately, these challenges have only accelerated in Q4 and, as a result, "today we are restructuring and reducing the size of our team, impacting roughly 20 per cent of our team members", he said late on Monday. Founded in 2004, Pluralsight had a net loss of $163.5 million in 2019 and $164 million in 2020, according to the US SEC documents. The CEO said that those impacted "can also look for additional communication from your executive about special All-Hands meetings for each organization later this week". "I'm sorry for the impact this will have on many of you, we've let you down during a difficult time," he added. Pluralsight is an online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/indias-retail-inflation-hits-11-month-low-in-november-at-5-88/articleshow/96177420.cms">India's November retail inflation at 5.88%, within RBI's comfort band</a> <a href="https://www.businessinsider.in/business/corporates/news/dalmia-bharat-to-acquire-cement-power-plants-of-jaiprakash-associates-for-5666-crore-enterprise-value/articleshow/96175228.cms">Dalmia Bharat to acquire cement, power plants of Jaiprakash Associates for ₹5,666 crore enterprise value</a>

Online education company and unicorn Pluralsight lays off 400 employees

The <keyword id="6355302" type="General" weightage="20" keywordseo="rupee" source="Orion">rupee</keyword> declined by 36 paise to close at 82.87 (provisional) against the <keyword id="6368584" type="General" weightage="20" keywordseo="us-dollar" source="Orion">US dollar</keyword> on Tuesday, weighed down by persistent foreign capital outflows from the capital markets. Risk aversion sentiment among investors ahead of the US Federal Reserve's interest rate decision also impacted trading, forex dealers said. At the interbank foreign exchange market, the rupee opened lower at 82.63 against the greenback and witnessed a high of 82.60 and a low of 82.87. It finally settled at 82.87, down 36 paise over its previous close of 82.51. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 104.98. Brent crude futures, the global oil benchmark, climbed 1.73 per cent to USD 79.32 per barrel. In the domestic equity market, the 30-share BSE Sensex closed 402.73 points or 0.65 per cent higher at 62,533.30. The broader NSE Nifty rose 110.85 points or 0.60 per cent to 18,608. Foreign Institutional Investors (FIIs) remained net sellers in the capital markets on Monday as they offloaded shares worth Rs 138.81 crore, according to exchange data. Meanwhile, retail inflation dipped below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November as softening prices of food items brought relief, but the central bank may wait for more data before pausing hikes in interest rates. As per the data released by the National Statistical Office (NSO) on Monday, the consumer price index (CPI) based inflation declined for the second consecutive month to 5.88 per cent in November, from 6.77 per cent in October 2022. It was 4.91 per cent in November last year. India's industrial production contracted by 4 per cent in October, the sharpest fall in 26 months, mainly due to a decline in output of manufacturing and subdued performance of mining and power generation sectors. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/five-women-newsmakers-in-2022-in-india-droupadi-murmu-madhabi-puri-buch-samantha-ruth-prabhu-in-the-list/slidelist/96191677.cms">Droupadi Murmu, Madhabi Puri Buch, Samantha Ruth Prabhu and more: Five women newsmakers of 2022</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/dalmia-bharat-to-acquire-cement-power-plants-of-jaiprakash-associates-for-5666-crore-enterprise-value/articleshow/96175228.cms">Dalmia Bharat to acquire cement, power plants of Jaiprakash Associates for ₹5,666 crore enterprise value</a>

Rupee declines 36 paise to end at 82.87 against US dollar

New Delhi, Jan 22 () Power Mech Projects on Wednesday announced that it has bagged orders worth Rs 351 crore from state-owned Bharat Heavy Electricals Limited (BHEL) and Jaiprakash Power Ventures.
 In a filing to BSE, the company said that it has "received letter of award/work orders for....civil and architectural works of all buildings structures and associated works... for 2x660 mw Maitree Rampal Project, Bangladesh... for a total contract price of Rs 211 crore awarded by BHEL."
 The project is to be completed in 20 months, the filing said.
 The company said that it has also received work order for operation and maintenance services for 1320 mw Jaypee Nigrie Super Thermal Power Plant at Nigrie, Madhya Pradesh, for a period of five years for a total contract price of Rs 140 crore awarded by Jaiprakash Power Ventures.
 The shares of Power Mech Projects were trading at Rs 729.60 apiece on BSE in morning trade, up 1.62 per cent from the previous close. SID ANS
ANS

Power Mech Projects bags orders worth Rs 351 crore

India’s jet-set: Here’s how billionaires earned, lost and donated in 2022

New Delhi, Dec 4 () A joint venture of Tata Power and ICICI Bank on Wednesday acquired real estate baron Manoj Gaur's biggest power plant at Prayagraj in Uttar Pradesh by agreeing to takeover Rs 6,000 crore of debt of the company.
 Renascent Power Ventures Pvt Ltd, the wholly-owned subsidiary of Resurgent Power Ventures Pte, has acquired 75 per cent stake in Prayagraj Power Generation Co Ltd (PPGCL) which owns and operates 1,980 MW coal-based electricity generation unit, Tata Power said in a regulatory filing.
 Resurgent Power is a joint venture of ICICI Bank and Tata Power, while PPGCL is a subsidiary of Gaur's Jaiprakash Power Ventures Ltd which has been shedding assets to cut debt. 
 It has sold power projects of about 3,800 MW capacity in the last few years to settle debt of close to Rs 21,000 crore.
 Gaur will not get any money from the sale despite putting in Rs 3,000 crore equity.
 His group had last sold two hydroelectric projects -- 300 MW Baspa Stage-II and 1,091 MW Karcham Wangtoo in Himachal Pradesh -- to Sajjan Jindal-controlled JSW Energy Ltd for Rs 9,700 crore in cash.
 After these sales, Jaiprakash Power Ventures has three more power plants with 2,200 MW electricity generation capacity.
 PPGCL had a total debt of Rs 11,000 crore and Renascent has agreed to takeover Rs 6,000 crore.
 "Renascent Power Ventures Pvt Ltd (Renascent) has today acquired 75.01 per cent equity stake and 27,00,00,000 preference shares of Rs 10 each of Prayagraj Power Generation Co Ltd," Tata Power said in the regulatory filing.
 The remaining 25 per cent interest in the project is held by Jaiprakash Associates Ltd and banks.
 Tata Power holds 26 per cent stake in Resurgent Power, the joint venture based out of Singapore, through its wholly-owned Singapore-based subsidiary Tata Power International Pte. 
 The balance 74 per cent stake in Resurgent is held by ICICI Bank, Power Platform Ltd and Kuwait Investment Authority.
 The coal-fired power plant currently operates at 62 per cent of capacity or plant load factor (PLF). 
 It was won by Jaypee Group through competitive bidding, quoting a tariff of Rs 3.06 per unit.
 A case for reduction in electricity tariff was made because of reduction in the debt, but the Appellate Tribunal For Electricity (APTEL) didn't allow it in September order.
 Gaur has taken a hit of Rs 3,000 crore on sale of the power plant. MJH ANZ RVK

Tata Power-ICICI Bank JV acquires Manoj Gaur's Prayagraj power project

New Delhi, Dec 3 () State-owned NBCC Ltd and Mumbai-based Suraksha Realty on Tuesday submitted their final bids and offered more land parcels to lenders to acquire bankrupt realtor Jaypee Infratech through insolvency process, sources said. 
Lenders had asked both the suitors to sweeten their resolution plans and submit their bids by December 3.
According to sources, NBCC in its final bid has offered 1,526 acres of land to lenders as against its earlier proposal of 1,426 acres. For homebuyers, it has reduced the timeline to three-and-a-half years from the earlier four years for the completion of over 20,000 flats.
For lenders, the public sector firm has also proposed to increase concession agreement by 10 years on Yamuna Expressway, which connects Noida to Agra in Uttar Pradesh. 
On the other hand, Suraksha Realty has also improved its resolution plan and is now offering 2,220 acres of land worth Rs 9,800 crore under the land-debt swap deal. Earlier, it had offered 1,934 acres of land worth Rs 7,857 crore.
It has also increased upfront cash payment to lenders to Rs 175 crore from Rs 25 crore earlier.
For homebuyers, Suraksha Realty has now set aside Rs 250 crore worth land as against land parcels worth Rs 100 crore earmarked earlier. 
It has promised to provide additional land parcels worth Rs 250 crore to homebuyers, if 858 acre land, which has been pledged by Jaiprakash Associates, comes back to Jaypee Infratech. 
According to sources, Suraksha Realty is in discussions with JSW group for technical and operational support to complete pending housing projects of Jaypee Infratech.
Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium.
Anuj Jain was appointed as an interim resolution professional to conduct insolvency process and also manage the affairs of the company.
In the first round of insolvency proceedings conducted last year, Rs 7,350-crore bid of Lakshdeep, part of Suraksha Group, was rejected by lenders.
The CoC rejected the bids of Suraksha Realty and NBCC in the second round held in May-June this year.
The matter reached to the National Company Law Appellate Tribunal (NCLAT) and then the Supreme Court.
On November 6, the Supreme Court directed completion of Jaypee Infratech''s insolvency process within 90 days and said the revised resolution plan will be invited only from NBCC and Suraksha Realty.
As many as 13 banks and over 23,000 homebuyers have voting rights in the CoC. Buyers have nearly 60 per cent votes. For a bid to be approved, 66 per cent votes are required. Homebuyers claim amounting to over Rs 13,000 crore has been admitted, while banks claim is nearly Rs 9,800 crore. MJH MKJ

You Searched For "Jaiprakash Associates" and got 13 results

Kirloskar Brothers shareholders reject resolution for forensic audit

PTI

Jaiprakash Associates net loss widens to Rs 874.44 cr during Oct-Dec quarter

PTI

Shares Of Jaiprakash Associates Gain Over 6%

BI India Bureau

Uncertainty looms over Jaypee’s cement deal with UltraTech, ICICI begins debt restructuring

BI India Bureau

Abu Dhabi’s TAQA Scraps Off Jaypee’s Hydropower Plants Deal

BI India Bureau

CCI Approves Proposed Business Transfer Agreement Between Jaiprakash and Shree Cements

Purba Das

RPower Signs Agreement To Buy Jaypee's Hydroelectric Power Plants

BI India Bureau

Online education company and unicorn Pluralsight lays off 400 employees

IANS

Rupee declines 36 paise to end at 82.87 against US dollar

PTI

Power Mech Projects bags orders worth Rs 351 crore

PTI

India’s jet-set: Here’s how billionaires earned, lost and donated in 2022

Bhakti Makwana

Tata Power-ICICI Bank JV acquires Manoj Gaur's Prayagraj power project

PTI

Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids, sweeten offers

PTI

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