The Adani Group is exploring strategies to revive Formula 1 racing at the Buddh International Circuit in Greater Noida, with Karan Adani expressing strong interest in bringing the sport back to India.
Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for Rs 17,000 crore, according to sources. The bid value translates into Jaiprakash Associates' net present value of Rs 12,505 crore.
IndiGo has vacated over 700 slots at various domestic airports after the DGCA curtailed its winter flights by 10% following operational disruptions in December. Other airlines are invited to request these slots.
Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PSP Projects are the final bidders and the offers range from Rs 10,000 crore to Rs 11,000 crore, said a source close to the development.
Hundreds of flights have been cancelled and delayed, leaving passengers stranded at airports as the flight disruptions continued for the fourth day on Friday.
Aviation regulator Directorate General of Civil Aviation (DGCA)'s chief Faiz Ahmed Kidwai on Friday requested the cooperation of all pilots to ensure smooth flight operations amid massive IndiGo flight disruptions.
Mining major Vedanta's consolidated net profit plunged 58.69 per cent year-on-year (Y-o-Y) to Rs 1,798 crore in the second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported a net exceptional gain of Rs 1,160 crore in Q2FY25.
The Enforcement Directorate has said it seized cash of Rs 1.70 crore and documents related to immovable assets during searches conducted against Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL) and other entities in an alleged homebuyers' fraud case linked money laundering investigation. The raids were carried out at 15 premises in Delhi, Noida, Ghaziabad and Mumbai on May 23 under the Prevention of Money Laundering Act (PMLA).
The recent notification by the Insolvency and Bankruptcy Board of India (IBBI) allowing part-resolution of stressed assets of companies under the insolvency process has sent many resolution professionals (RPs) and committees of creditors (CoCs) back to the drawing board to reassess their strategies for resolving corporate insolvencies.
'About $8.5 billion in free cash, about $3 billion as annual debt refinancing, and $3 billion-4 billion in fresh borrowing. An additional $1.6 billion-1.8 billion will come from development profits in 2025-26.'
As sludge started solidifying inside the Srisailam Left Bank Canal tunnel in Telangana, rescuers are planning to use sniffer dogs to locate those got trapped, District Collector B Santhosh said on Wednesday.
A team of experts involved in rescuing eight people trapped in a partially collapsed tunnel in Telangana have reached the end of the tunnel, but debris is hindering further progress. The rescue operation, described as one of the most complex in the world, continues with experts from the Indian Army, Navy, NDRF, and GSI working tirelessly to find a breakthrough. Despite continuous efforts and oxygen pumping, there has been no contact with the trapped individuals.
South Central Railway has joined the rescue teams that are engaged in locating the eight persons who remain trapped in the partially collapsed SLBC tunnel for the past six days, with necessary equipment, a senior official said on Friday.
Rescue efforts to locate eight people trapped in a collapsed tunnel in Telangana continue, with over 500 rescuers working on a war footing. Despite days of intensive search and rescue operations, no breakthrough has been achieved yet. Authorities have dismissed reports of bodies being found in the debris and are working to clear the debris and access the trapped workers. The tunnel collapse occurred on February 22, trapping eight personnel working on the Srisailam Left Bank Canal (SLBC) tunnel project. Among the trapped are two engineers, two operators, and four laborers.
Jaiprakash Industries Ltd's board will meet on January 29, 2003 to consider the proposal to merge Jaiprakash Industries Ltd and its subsidiary Jaypee Cement Ltd.
A gas cylinder blast in a house at Dholahat in West Bengal's Pathar Pratima has claimed eight lives, including four children. The explosion, which occurred on Monday night, triggered a massive fire, intensified by the presence of stacked firecrackers inside the house. The incident has sparked a political controversy, with the BJP demanding a National Investigation Agency (NIA) probe and the TMC maintaining that the police are already investigating and that the state government has a "zero-tolerance " policy towards such incidents. The blast has also raised concerns about the safety of illegal firecracker manufacturing units, which have been linked to several recent accidents in the state.
Telangana Minister Uttam Kumar Reddy on Wednesday said the TBM that is struck inside will be cut into pieces by using gas cutters and removed. After this, the Army, Navy, Rat Miners and NDRF teams will make another serious effort to rescue the eight persons who are missing, without compromising their own safety.
NCP (SP) chief Sharad Pawar has alleged misuse of power and money to control the election mechanism in Maharashtra, calling for a mass revolt. He cites claims of EVM manipulation by the opposition Maha Vikas Aghadi (MVA) and says that the situation was unprecedented, with money and power used to control the entire election process. Pawar also expressed concerns about the suppression of opposition voices in Parliament and the lack of response to concerns about EVM manipulation.
Ajit Pawar's NCP, a constituent of Mahayuti, was winning or leading in 41 of the 59 seats it contested as per the latest figures released by the Election Commission.
Alstom Power India Ltd said it signed a Euro 50 million (Rs 2500 million) contract with Jaiprakash Power Ventures Ltd, India.
Jaiprakash Industries Ltd has posted a net profit of Rs 193 million for the quarter ended December 31, 2002 as compared to Rs 236.90 million for the quarter ended December 31, 2001.
Political parties have also been asking for action against Yadav.
Yadav had been evading arrest in a case regarding his brother, Vijay Prakash.
The market breadth was fairly positive - out of 2,789 stocks traded, 1,431 advanced, 1292 declined and 66 were unchanged on Tuesday. The NSE Nifty settled with a loss of 53 points at 5,105 points.
Fissures surfaced among Indian National Developmental Inclusive Alliance (INDIA) partners ahead of the Jharkhand assembly elections as the Rashtriya Janata Dal on Saturday expressed disappointment over the announcement of Jharkhand Mukti Morcha and Congress contesting 70 of 81 seats in the state.
A meeting of the board of Jaiprakash Industries Ltd will be held on January 29 to take on record unaudited ainancial results of the company for the third quarter ended December 31, 2002.
Speaking to reporters at Kanthi in Purba Medinipur district, Giri said he will resign but won't apologise.
Power was also disrupted in many areas as the dust storm swept the national capital late Friday night.
Ultratech Cement's acquisition of a 23 per cent stake in Tamil Nadu-based India Cements is another instance of growing consolidation in the cement market in India. The deal will raise Ultratech's share, based on India Cements' revenues in FY24, in the domestic market by 230 basis points if the latter is formally acquired by the former in due course. India Cements' share was up 11.5 per cent on Thursday on market expectations of an open offer.
'Though one cannot paint the entire microcap basket with the same brush, investors need to be careful now as to what they're buying.'
Dalmia Bharat Ltd on Monday announced the acquisition of the cement assets of Jaypee Group's flagship company Jaiprakash Associates Ltd and its associate firms at an enterprise value of Rs 5,666 crore. In a regulatory filing, Dalmia Bharat informed that its wholly-owned subsidiary Dalmia Cement Bharat Limited (DCBL) has entered into a "binding framework agreement for the acquisition of clinker, cement and power plants from Jaiprakash Associates Limited and its associate company." The deal includes a total cement capacity of 9.4 Million tones (MnT) per annum, along with clinker capacity of 6.7 MnT and thermal power plants of 280MW at an enterprise value of Rs 5,666 crore, it added.
Hemant Soren staked claim to form the government and the swearing-in ceremony is likely to be held soon. If sworn in, Hemant Soren will be the 13th chief minister of Jharkhand, which was carved out of Bihar on November 15, 2000.
A total of 45 MLAs voted in favour of the confidence motion in the 81-member assembly.
The bench referred to three reports submitted by the cyber cell police which said the beneficiaries were added to the bank account without any message or OTP received on the registered mobile number and email to the registered email account.
Ambuja Cements' announcement that it would acquire Hyderabad-based Penna Cement Industries could be the Adani Group company's first step for wider inorganic expansion, according to analysts.
The long-pending land dispute between Bahadur Gurjar and Atar Singh Gurjar, both residents of Adda village, was being investigated by Sadar police station, Director General of Police Umesh Mishra said.
Maharashtra Nationalist Congress Party president Jayant Patil on Sunday said his party has moved a disqualification petition against Ajit Pawar and eight others who took oath as ministers in the Eknath Shinde-led state government.
Analysts remain selective on cement stocks amid the likely government's capex push ahead of the scheduled general elections in May 2024. While UBS has initiated coverage on the Indian cement sector with an anti-consensus negative view and suggests investors sell select cement stocks on a rally, those at Nomura remain selectively bullish on the sector and prefer companies with large brownfield optionality and multi-region presence. In the near-term, UBS expects strong earnings of cement companies in the next two quarters to be driven by robust demand and margin tailwinds, but suggests any sharp uptick in stock prices could offer a good opportunity for booking profits in the related counters.
The gang-rape took place in the village Jiuli under district Ambedkar Nagar police station, Jaitpur area on March 29, 2022, added the police.
The NSE Nifty ended at 3235, up 112 points. The market breadth was fairly positive - out of 1,613 stocks advanced, 975 declined and the rest were unchanged.
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