On June 15, 2015 14:58 (IST)
Had India's hundreds of mid-cap firms aggressively cut their massive debts acquired in the boom years after the 2008 global crisis, their shares might not have dropped as precipitously in today's uncertain economy.
On June 04, 2015 11:26 (IST)
Shares in heavily leveraged companies such as Unitech, Jaiprakash Associates rebounded on Thursday, a day after crashing by 30-50 per cent. (Read full story)
On June 03, 2015 14:47 (IST)
Broader markets came under severe strain on Wednesday with some well-tracked stocks falling by more than 30 per cent in intraday trades. The BSE midcap index traded 1.6 per cent lower, while the small cap sub-index slumped nearly 2 per cent as compared to 1 per cent fall in the benchmark Sensex and Nifty indices.
On April 28, 2015 20:33 (IST)
UltraTech's proposed buyout of two cement plants from Jaiprakash Associates Ltd has received approval of the Competition Commission of India (CCI), which said the deal is unlikely to have an adverse impact on competition.
On February 11, 2015 09:16 (IST)
The Nifty opened higher on Wednesday as global cues remain mixed on the back of Greece uncertainty. Foreign investors continued their selling streak and on Tuesday they have sold stocks worth Rs 1,261 crore in the cash market. However, domestic investors were net buyers to the tune of Rs 851 crore.
On February 10, 2015 09:17 (IST)
Indian stock markets witnessed weak sentiments for an eighth straight day amid worsening global cues and weak domestic earnings. Analysts have also attributed the recent fall in domestic markets to a likely win for the Aam Aadmi Party whose earlier policies have been termed as "anti-corporate". However, a win for the Aam Aadmi Party may have been d...
On December 30, 2014 08:57 (IST)
Markets are likely to witness range-bound trade today, with an upward bias as global cues seem benign but Greece election results resume uncertainty in Europe.
On December 26, 2014 08:23 (IST)
The Nifty has held on to 8,170 and should now rally to 8,400 by next week as foreign selling will likely subside over the next few days.
On December 24, 2014 09:42 (IST)
UltraTech Cement was the top gainer in Nifty, up 2.5 per cent. The company has agreed to buy two cement plants from Jaiprakash Associates for Rs 5,400 crore including debt. Jaiprakash Associates shares were up around 3 per cent.
On December 24, 2014 08:36 (IST)
The Nifty is likely to open flat on Wednesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors remained net sellers of Indian equities on Tuesday as they have sold stocks worth Rs 445 crore in cash market. Domestic investors were net buyers to the tune of Rs 516 crore. Market is likely to witness volatile trade today on ...
On December 23, 2014 09:16 (IST)
The Nifty opened higher on Tuesday tracking futures trade on Singapore Stock Exchange. Foreign investors continued to remain net sellers of Indian equities as they have sold stocks worth Rs 335 crore in cash market on Monday. However domestic investors were net buyers to the tune of Rs 389 crore.
On November 18, 2014 19:50 (IST)
The proposed deal involves transfer of a 1.5 million tonnes per annum (MTPA) capacity cement grinding unit at Panipat in Haryana owned by Jaiprakash Associates to Shree Cements "on a going concern basis by way of a slump sale".
On November 17, 2014 10:05 (IST)
JP Power gained nearly 6 per cent to a day high of Rs 15.20, while shares in JSW Energy surged nearly 15 per cent to a day high of Rs 86.95 on Monday.
On November 12, 2014 09:19 (IST)
The Nifty opened higher on Wednesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to be net buyers of Indian equities on Tuesday as they had bought shares worth Rs 458 crore in the cash market. However domestic investors were net sellers to the tune of Rs 517 crore.
On September 26, 2014 12:00 (IST)
JPVL has signed a binding memorandum of understanding (MoU) with Sajjan Jindal controlled JSW Energy to sell three of its operating power plants with an aggregate capacity of 1,891 MW.
On September 21, 2014 18:50 (IST)
The Central Electricity Regulatory Commission (CERC) has asked Jaiprakash Power Ventures Ltd to expedite the filing of tariff petition for its 1,000 MW Karcham Wangtoo hydroelectric project.
On September 12, 2014 11:28 (IST)
Goldman Sachs downgrades the stock to "neutral" from "buy" and removes from Asia Pacific buy list, citing uncertainty after one of its promoters sold 1.45 per cent stake.
On September 08, 2014 15:02 (IST)
JP Associates had a debt of over Rs 60,000 crore as of June 30, 2014. Servicing the debt has become a challenging task for the company. JP Associates has an interest coverage ratio of below 1. This indicates that the company is not able to service its debt with the cash it generates from its business.
On September 05, 2014 15:55 (IST)
Amid speculation that promoters are reducing their stakes, Jaiprakash Associates yesterday clarified that one of its promoters (Jaypee Infra Ventures) sold 3.53 crore shares between September 1 to September 3. Its stake has now come down from 29.75 per cent to 28.30 per cent. The promoters as of June-2014 had no pledged shares and own 45 per cent s...
On September 05, 2014 10:45 (IST)
Maybank in a note today said, although there is some cash crunch with JP Associates, but market seems to have more than priced such concerns. Maybank says there is deep value in JP Associates and has recommended a buy on the stock with a target price of Rs 93 per share.