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Clean up your act

Clean up your act

On July 1, 2017 a new tax regime, in the works since over 15 years, designed as 'One Nation, One Tax', went live! Its impact on infrastructure will resolve future litigation in this area and although will mean higher tax, will also allow input tax credit in many categories.

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Yamuna Expressway Authority cancels 17 housing projects

Yamuna Expressway Authority cancels 17 housing projects

The Yamuna Expressway Authority has said that it has cancelled the building plans of 17 projects in its area. The plans were cancelled after it came to light that the five builders concerned had not cleared some objections raised by the authority regarding the building plans between 2014 and 2016. While 11 projects have been initiated by the Jaypee Group, six other projects include those launched by some leading developers of the region.

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Reliance raises Jaypee funds

Reliance raises Jaypee funds

Reliance Power has initia¡ted discussions with the Singapore government-owned investment firm, Temasek Holdings, to raise up to $500 million and tie up funding for the three Jaypee Group hydroelectric power assets that it is acquiring

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Jaypee Group to sell power assets

Jaypee Group to sell power assets

Jaypee Group is planning to selling a majority stake in two of its hydro-electric power plants in north India for about $1 billion, according to reports. The group had expanded aggressively into power production and construction during the boom in the Indian economy post 2006. However, the global financial downturn in 2008 and a slowdown in economy has hurt its expansion plans.