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.
Tag: Jaypee Group
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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 Power has initiaĆĀ”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 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.
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Yamuna Expressway project has opened plethora of opportunities for the state
Yamuna Expressway project is a classic example of how a huge tract of land can be utilised to develop industries of so many types, facilities of all kinds and much more.
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Jaypee's hydro power project to come up by Aug 15
Jaypee Group's Rs 7,000-crore Karcham Wangtoo hydro power project in Himachal Pradesh is expected to be opeĆĀrational by August 15, much ahead of schedule.