Jaypee Infratech announced it had defaulted, for the first time, on interest payments to Indian banks of Rs.193 crore and of Rs.300 crore to Life Insurance Corporation of India in repayment of principal.

Parliament has cleared amendments to the MMDR Act to enable transfer of previously allotted captive non-coal mines.

Kumar Mangalam Birla-led Aditya Birla Group´s flagship firm UltraTech Cement has decided to acquire two cement units of Jaiprakash Associates with a combined capacity of 4.9 million tonnes per annum in Madhya Pradesh for an enterprise value of Rs 5,400 crore.

JSW Energy will buy three hydropower projects of Jaiprakash Power Ventures Ltd (JPVL), after Reliance Power Ltd (R-Power) called off its talks to buy the assets, in what it called ´regulatory uncertainties.

The group that brought Formula One to the country is now looking for a formula to revive its sagging fortunes. Jaiprakash Associates Ltd, with interests in engineering and construction, power, cement, real estate,

Amid top domain experts, decision makers and policy enablers, this mega event brought to the fore the pressing challenges facing the sector and offered many practical remedies, report MANAS R BASTIA and Shriyal Sethumadhavan.

Media reports indicate that the National Hydroelectric Power Corporation (NHPC) has been cautious of clearing cost escalation for various hydel projects anticipating adverse comments from the comptroller and auditor general (CAG) of India. NHPC officials are dragging their feet in clearing cost escalations, which is a common trend in hydropower projects, fearing CAG