All the sectoral indices are trading in green led by realty, energy, metal, infra, pharma and FMCG.

Feb 20, 10:29 AM (IST)
Jaypee Infratech Locked In 5% Upper Circuit as JP Associates Offers To Repay Company’s Dues

The promoters of debt-ridden Jaypee Infratech (JIL) have made a last minute offer to withdraw the company from insolvency proceedings, sources aware of the development told CNBC-TV18.

As per this offer, JAL is offering an upfront payment of Rs 1,500 crore to the financial creditors of Jaypee Infratech, another Rs 4,858 crore from transfer of 100 percent shareholding of JIL’s Land Bank SPV (having a land bank of 1,475 acres) to financial creditors towards settlement of dues via a debt-asset swap and Rs 2,000 crore as optionally convertible debentures at a coupon rate of 0.01 percent per annum.

Feb 20, 10:18 AM (IST)
Rupee Update: The Indian rupee is trading higher at 71.23 per dollar versus Monday’s close 71.34.
Feb 20, 10:18 AM (IST)
Rupee Update: The Indian rupee is trading higher at 71.23 per dollar versus Monday’s close 71.34.

Feb 20, 10:01 AM (IST)
HSBC on Jet Airways: Share price of Jet Airways declined nearly 2 percent after global research house maintained reduce call on the stock. HSBC has cut target of the company to Rs 190 from Rs 200 per share.

Feb 20, 09:46 AM (IST)
Essel Propack climbs 3%: The company has further received Rs 40 crore towards repayment of outstanding dues of inter corporate deposit. Essel has already received Rs 25.30 crore in last month. The balance amount is expected to be received by March 2019.

Feb 20, 09:34 AM (IST)
Buzzing: Shares of Duke Offshore locked at 20 percent upper circuit on the back of contract from Daewoo-Tata projects JV.

The company has been awarded a prestigious contract by Daewoo-Tata projects JV to provide one initial high speed vessel to support construction for the Mumbai Trans Harbour Link project.

Feb 20, 09:22 AM (IST)
Aarti Industries signs multi-year deal: Aarti Industries collaborates with Global Chemical Conglomerate to develop and supply High Value Specialty Chemical Intermediate worth USD 125 million for a 10 year supply period.

source: moneycontrol.com