Jaiprakash Associates Ltd (JAL), the parent company of the distressed Jaypee Group, reported in a regulatory filing on May 6 that it failed to meet its loan repayment obligations on April 30, totalling ₹4,616 crore. The sum comprises a principal of ₹1,751 crore and interest payments of ₹2,865 crore. Out of its substantial debt of ₹29,805 crore, JAL plans to transfer ₹18,955 crore to a SPV.
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After a couple years of a bear market, Alphabet stock has returned to all-time-highs in 2024. The latest surge higher comes on the back of another solid earnings report as the internet search titan seemingly prints cash quarter after quarter. In this new bull market fueled by artificial intelligence (AI) computing infrastructure, Alphabet could have a massive advantage over the competition.
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Revenues at Zalando slipped 0.6 percent over the first quarter of the year to 2.24 billion euros.However the e-commerce giant’s Gross Merchandise Value, or GMV, which shows how much product it shifted and is seen as a key indicator, rose 1.3 percent. Zalando moved 3.27 billion euros worth of product over the first three months of this year.
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