News for Jaypee Infratech Limited (JPINFRATEC.BO)

The Rs 398-crore deal give Max Health a large foothold in the healthcare market in Noida, Max retains the Call Option to acquire remaining 36.35% stake

Rescued real estate/construction companies were 2.5 times of those liquidated

The Economic Survey 2023-24 highlights the pivotal role of the Insolvency and Bankruptcy Code in revitalizing stalled real estate projects and strengthening homebuyers rights. The IBC, alongside the Real Estate Act, has streamlined the resolution process for real estate companies, leading to successful outcomes and enhanced liquidity in the sector.

Jaypee Infratech's shares on the BSE are currently suspended. The company, as of May 24, is under the management of Suraksha Group, following NCLAT approval

The appellate tribunal said if Suraksha Group and YIEDA will not settle their issues by the next date of hearing on April 18, 2024 then the plea will be heard on merit and a judgment passed

The Authority said that Suraksha Realty will have to pay Rs 1,689 crore as additional compensation to the farmers in the region.

For nearly 20,000 Jaypee Infratech Limited (JIL) homebuyers, who have been waiting for the hand over of their flats for more than 13 years, a ray of hope has emerged as the work on at least 59 unfinished towers in the erstwhile 'ghost town' begins to speed up.

The amount was lower than the ₹4,93,379.2 crore lent in the previous year.

The developer said that the apartments will come under the second phase of its ongoing luxury housing project The Islands by Gaurs. The land for the project has already been acquired.

Zee Media Corporation Ltd on Monday said its net loss narrowed to Rs 45.79 crore for the fourth quarter ended March 2023.

Buzzing stocks: Patanjali Foods, NACL Industries, ITC, Sundaram Clayton, Ramkrishna Forgings, Titagarh Wagons, L&T Finance Holdings, Sarda Energy, Jaypee Infratech, Sunflag Iron, Mindspace REIT, NIBE, BLS International, Federal Bank

Adani group companies, HAL, L&T, Dr Reddy’s Lab, Sun Pharma, Power Grid, Zee Entertainment, Vikas Lifecare, Indraprastha Gas, Jaypee Infratech, Jindal Stainless, Allcargo Logistics, Welspun Corp, Star Paper Mills, NBCC India and Lumax Auto

With the NCLT approving the resolution plan submitted by Surakha Group for Jaypee projects in Noida, buyers in the beleaguered housing project can now hope to get possession of the homes they have waiting for over a decade.

The Sensex and Nifty are poised to open tad higher on Wednesday, tracking mixed cues from Asia as well as Wall Street and firm trends on SGX Nifty Futures

A host of issues, notably inflation, have conspired against the stock market so far this year. The Reserve Bank of Indias aggressive interest rate hikes to help control skyrocketing prices, supply chain disruptions, and the Ukraine crisis all come amid persistent global headwinds and economic uncertainty. Investments in energy and physical infrastructure, particularly infrastructure equities, are

Among sectors, BSE Capital Goods index shed 3.8 percent, Realty index fell 2.7 percent and FMCG index slipped 2.2 percent. However, Metal index added 3.8 percent.

BSE Sensex shed 491.9 points (0.83 percent) to end at 58,152.92 while the Nifty50 fell 141.5 points (0.80 percent) to close at 17,374.8 levels

In the last week, BSE Sensex shed 2,185.85 points (3.57 percent) to end at 59,037.18, while the Nifty50 fell 638.55 points (3.49 percent) to close at 17,617.2 levels.

Nifty futures were trading 19.50 points or 0.12 per cent up at 15,715 on Singaporean Exchange, suggesting a gap-up start for BSE Sensex and Nifty 50 on Thursday, a day of weekly futures & option (F&O) expiry.