Latest news with #JAL
Mint
5 days ago
- Business
- Mint
JP Power share price rallies 46% in just 7 sessions, 117% from May lows. Here's what's driving the surge
Jaiprakash Power Ventures has witnessed a remarkable surge in its share price in recent sessions, driven by heightened demand on Dalal Street driven by heightened demand on Dalal Street after media reports claimed that the Adani Group had emerged as the leading bidder to acquire Jaiprakash Associates, which holds a 24% stake in Jaiprakash Power Ventures. Over the last seven trading sessions, the stock has climbed from ₹ 18.67 to a previous close of ₹ 27.23, marking a sharp gain of 46%. Notably, the stock has remained in the spotlight even as the broader Indian stock market continues to struggle in finding momentum. The stock has staged a strong comeback after hitting a one-year low of ₹ 12.52 in early May, with recent momentum pushing the total rally since then to 117.5%. Jaiprakash Associates (JAL), which has diversified business interests in real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency Resolution Process (CIRP) by an order from the National Company Law Tribunal (NCLT), Allahabad Bench, dated June 3, 2024. JAL was taken to insolvency proceedings after defaulting on loan repayments, with creditors claiming dues amounting to ₹ 57,185 crore. The National Asset Reconstruction Company Ltd. (NARCL) leads the list of claimants, having acquired JAL's stressed loans from a consortium of lenders led by the State Bank of India (SBI). In late June, five companies, including billionaire Gautam Adani's Adani Enterprises, mining baron Anil Agarwal's Vedanta, Dalmia Bharat Cement and Mumbai-based Suraksha Group—which had earlier acquired Jaypee Infratech—expressed interest in acquiring Jaiprakash Associates, the flagship company of the Jaypee Group. However, recent media reports indicate that the Adani Group has emerged as the only bidder to submit an unconditional offer, proposing a ₹ 12,600 crore deal under the ongoing insolvency process. Jaiprakash Associates owns three commercial and industrial office spaces in the Delhi-NCR region. Its hospitality division operates five properties located in Delhi-NCR, Mussoorie, and Agra. It also holds four cement plants in Madhya Pradesh and Uttar Pradesh, along with a few leased limestone mines in Madhya Pradesh—though the cement plants are currently non-operational. Additionally, JAL has investments in several subsidiaries, including Jaiprakash Power Ventures Ltd, Yamuna Expressway Tolling Ltd, Jaypee Infrastructure Development Ltd, and other group entities. After facing substantial selling pressure, the stock gained momentum in June 2023. It maintained a steady uptrend in the following months until October 2024, before experiencing another round of selling amid weakness in the broader market. However, it later regained strength in March 2025 and has sustained that momentum since. Over the last two years, it gained 400% and in the last five years, it surged 1260%. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
CTV News
6 days ago
- Business
- CTV News
South Korea to order airlines to check Boeing fuel switches, Air India inspects fleet
South Korea is preparing to order all airlines in the country that operate Boeing jets to examine the fuel switches. (JASON REDMOND / AFP) SEOUL/NEW DELHI — South Korea is preparing to order all airlines in the country that operate Boeing jets to examine the fuel switches at the center of an investigation into a deadly Air India crash that killed 260 people. Fuel switch locks have come under scrutiny after a 2018 advisory from the U.S. Federal Aviation Administration (FAA) figured in a preliminary report into last month's crash of Air India's Boeing 787-8 jet. A spokesperson for the South Korean transport ministry said the checks were in line with a 2018 advisory from the FAA, but did not give a timeline for them. Boeing referred Reuters' questions to the FAA, which was not immediately available to comment outside regular hours. In the Air India crash, the switches had almost simultaneously flipped from run position to cutoff just after takeoff, but the preliminary report did not say how they could have flipped during flight. Over the weekend, Air India Group started checking the locking mechanism on the fuel switches of its Boeing 787 and 737 fleets and has discovered no problems yet, a source familiar with the matter told Reuters. About half the group's 787s have been inspected and nearly all its 737s, in inspections set to be completed in the next day or two, the source added, speaking on condition of anonymity. In a statement, Japan's JAL said safety was its top priority, adding, 'We are closely monitoring the investigation into the incident and will implement any necessary inspections based on its findings.' In its 2018 advisory, the FAA recommended, but did not mandate, operators of several Boeing models, including the 787, to inspect the locking feature of the fuel cutoff switches to ensure they could not be moved accidentally. On Sunday, citing a document and sources, Reuters reported that the planemaker and the FAA had privately issued notifications to airlines and regulators that the fuel switch locks on Boeing planes were safe and checks were not required. The Air India preliminary report said the airline had not carried out the FAA's suggested inspections as the FAA's 2018 advisory was not a mandate. But it also said maintenance records showed that the throttle control module, which includes the fuel switches, was replaced in 2019 and 2023 on the plane involved in the crash. Air India replaced the module on the aircraft in 2019 and 2023 in a planned change after 24,000 flight hours that was not limited to the crashed jet, the source familiar with the matter said. In an internal memo on Monday, airline CEO Campbell Wilson said the investigation into the crash was far from over and it was unwise to jump to premature conclusions, following the release of the preliminary report. (Reporting by Lisa Barrington, Abhijith Ganapavaram; Editing by Jamie Freed and Clarence Fernandez)
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Business Standard
6 days ago
- Business
- Business Standard
Smallcap stock hits 12-year high, surges 44% in 7 days. Do you own?
Jaiprakash Power Ventures share price Shares of Jaiprakash Power Ventures (JP Power) hit a multi-year high of ₹26.81, as they surged 13 per cent on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise weak market. In comparison, the BSE Sensex was down 0.54 per cent at 82,057 at 01:14 PM. The stock price of the smallcap power generation company was trading at its highest level since May 2013. In the past seven trading days, the stock appreciated by 44 per cent from a level of ₹18.67 on July 3, 2025. It has more-than-doubled or zoomed 113 per cent from its 52-week low of ₹12.6 touched on May 7, 2025. The average trading volumes at the counter jumped over 2-fold. A combined 681 million shares representing 10 per cent of total equity of JP Power changed hands on the NSE (604 million) and BSE (77 million). Shareholding pattern of JP Power Jaiprakash Associates (JAL) is promoter of JP Power and held 24 per cent stake in the company as on March 31, 2025. The remaining 76 per cent stake was held by the resident individual shareholders (38.85 per cent), banks including ICICI Bank, Uco Bank and Canara Bank holding up to 15.71 per cent stake collectively; followed by foreign portfolio investors (6.04 per cent), Naresh Chandra Talwar (5.02 per cent) and bodies corporate (5.08 per cent), shareholding pattern data shows. What's fuelling JP Power stock price? JP Power believes that the movement of price of the company's scrip is purely based on market driven forces. 'At present, there is no unpublished price sensitive information or any pending announcement or development that, in our opinion, may have a bearing on the price / volume behavior of the scrip. Should any such event or information arise, we will promptly disclose the same to the stock exchanges in accordance with the applicable regulatory requirements,' JP Power said on July 8, on clarification on volume movement of the company. The Adani group has become the frontrunner to buy the insolvent Jaiprakash Associates with an unconditional bid of at least ₹12,000 crore, Bloomberg reported. The Gautam Adani-led group is leading the race to acquire the infrastructure developer, with an immediate cash payout of ₹3,500 crore. The group's offer also includes retaining ₹890 crore within the company after its acquisition and potentially absorbing ₹2,600 crore from the disputed Yamuna Expressway Industrial Development Authority (YEIDA) land. CLICK HERE FOR FULL REPORT Meanwhile, India Ratings and Research (Ind-Ra) in January 2025, in its rationale said that the rating agency notes that JP Power's promoter JAL is under Corporate Insolvency Resolution Process (CRIP). The agency does not expect JAL's CRIP to have a material impact on JPVL's balance sheet; however, the outcome of the same shall remain a key monitorable for the agency. JP Power plans to incur capex of ₹1,500 crore over FY25-FY27 for the installation of flue-gas desulfurization (FGD) unit at Nigrie and Bina thermal power plants and ₹760 crore towards Bandha North coal mine over FY25-FY29. The capex is likely to be funded by internal accruals. The company's ability to execute both the capex projects with internal accruals shall remain a key monitorable, Ind-Ra said in January 2025 rating rationale. JP Power in its FY25 annual report said that the Indian power sector in FY2024-25 presents a multitude of opportunities driven by increasing energy demand, rapid technological advancements, and strong government support for clean energy transition. With the country's peak power demand reaching a record 250 GW, the need for capacity expansion creates significant investment opportunities, particularly in renewable energy.
SoraNews24
10-07-2025
- SoraNews24
Japan Airlines is giving away free domestic flights to international tourists
Find out how you can take advantage of this special offer. If you've been to Tokyo recently, you'll know how overly crowded it is, with record-breaking numbers of international visitors flying into Japan and making the city their first tourist destination. Meanwhile, in the Japanese countryside, however, peaceful, quiet communities with dwindling populations are crying out for tourists, and Japan Airlines (JAL) plans to get them there, by giving away free domestic plane tickets to overseas visitors. It's a win-win for international tourists, who get to snag a free plane ticket to any of JAL's 64 domestic destinations, and cities outside of Tokyo that might otherwise be overlooked or deemed too difficult to get to. Far-flung destinations like Sapporo on the northern island of Hokkaido, for instance, or Naha on the southern islands of Okinawa, are now more easily accessible, putting them on the radar for visitors who may have never thought to travel there before. ▼ Okinawa's tropical climate and white-sand beaches now look even more enticing. In order to take advantage of the offer, travellers must book their international flight to Japan with JAL and make the booking for the free domestic leg with the same reservation. The deal is currently available to visitors from the U.S., Canada, Mexico, Thailand, Singapore, Australia, New Zealand, Vietnam, Indonesia, India, China, Taiwan, and the Philippines. Travellers are encouraged to head straight from the international airport to the domestic one, with a stopover fee of US$100 for arrivals from the U.S., Canada, and Mexico, and a fee of CNY 300 for China arrivals, if their stay in the initial arrival city exceeds 24 hours. Other countries get an even better deal as they are exempt from this fee so they can head to their domestic destination whenever they like during their stay, free of charge. The complementary flight covers one segment of the domestic journey, which means you can arrive in Tokyo, hop on a plane to Osaka and then leisurely explore the area and surrounding sites like Kyoto by train before travelling back to Tokyo by Shinkansen for your flight home. This would ultimately save you around 13,870 yen (US$94.62), which is the approximate cost of travelling one-way from Tokyo to Osaka by Shinkansen. More intrepid explorers might want to follow the same mode of travel, only to more off-the-beaten path destinations like Kagoshima, where you can visit a convenience store at an active volcano. ▼ The beauty of Kagoshima awaits. If the free trip has you preferring to fly back to Tokyo domestically, you can do that at a special discount by taking advantage of these little-known special offers from JAL and ANA, which are also exclusively available to overseas residents. These offers open up a whole new way of travelling for visitors who previously only thought to solely use the train after arriving in Japan. With the Japan Rail Pass not as good a deal as it was before the massive price hike, travelling by plane is now an option that's definitely worth considering, and with no end-date announced for the free flight offer, there's never been a better time to start dreaming of those unexplored rural places you've always had on your bucket list and start making them a reality. Source: Japan Airlines Top image: Pakutaso Insert images ©SoraNews24 ● Want to hear about SoraNews24's latest articles as soon as they're published? Follow us on Facebook and Twitter!
SoraNews24
09-07-2025
- SoraNews24
Japanese airlines offer discounted fares to international tourists
JAL and ANA have surprising deals that allow you to see more of Japan while saving time and money. When you're planning a trip to Japan, you might find yourself umming and ahhing over whether or not to purchase the Japan Rail Pass, which used to be a great deal for exploring the country by train… before they raised the prices. But did you know that travelling around the country by plane might be a better option? Not a lot of people are aware of it, but the top two Japanese airlines, JAL and ANA, have special deals exclusively for foreign visitors that are designed to save you time and money, and give you better access to off-the-beaten path destinations in Japan. Both deals require your permanent residence to be outside of Japan and you must possess an international airline ticket to and from Japan. Only flights during your stay qualify for the special offer and you'll need to show your passport at check-in. If you meet those requirements, then read on to find out how you can start exploring Japan on a discount, starting with the offer from ANA, which is called the ANA Discover Japan Fare. The ANA deal is only available until 28 March 2026, with new bookings closing on 18 May, and you can purchase it up to 355 days before boarding. It must be booked and purchased at least three days before departure, via the ANA website or through ANA offices or travel agents outside Japan, with no refunds or changes after purchase. The JAL deal, called the JAL Japan Explorer Pass, has no end-date as of yet, and it too, must be purchased at least three days before departure, with no refunds or changes after purchase. Unlike the ANA deal, however, the JAL Explorer Pass can only be purchased from JAL websites outside of Japan, using English or local-language sites only. In addition to having less purchase options than ANA, the JAL offer has two other main drawbacks, although they may not be major dealbreakers for international visitors. Firstly, the JAL Japan Explorer Pass is exclusively for foreign passport holders, while the ANA offer can also be purchased by Japanese passport holders with international airline tickets and permanent residency outside Japan. Secondly, ANA serves more domestic airports than JAL, and because codeshare flights operated by partner airlines aren't included in the deal, you'll have your choice of roughly 50 airports nationwide with ANA, compared to roughly 30 with JAL. As for prices, however, both offer substantial discounts, with the same three fare tiers — 5,500 yen (US$37.44), 7,700 yen, or 11,000 yen per segment, depending on distance. While fares are displayed at the time of booking, an example of a return trip from Tokyo to Osaka shows how much you can save, as it'll cost you 7,700 yen each way, totaling 15,400 yen for a round trip compared to 29,000 yen for regular-priced airfares during standard seasons and over 42,000 yen during peak seasons. Even comparing it to the bullet train shows there are savings to be had, as the JAL and ANA deals will cost you roughly half the price of a return trip from Tokyo to Osaka on the Hikari Shinkansen, which generally costs 28,800 yen. Flying even further afield, say to Hokkaido or Okinawa, will give you even more savings, both in money and time. Travelling from Tokyo to the tonkotsu ramen paradise of Hakata in Fukuoka, for example, will only take you an hour and 40 minutes by plane, compared to roughly five-and-a-half hours on the Shinkansen. If you're worried about luggage, don't be — the deals allow for two pieces of free check-in baggage, up to 23 kilograms (50 pounds) per item, which is more generous than the standard domestic baggage allowance on regular domestic fares, which is typically one piece up to 20 kilograms. You can also accrue mileage points on these deals, making them even more tempting for frequent travellers. So whether you're thinking about exploring the abandoned railway that runs through a bamboo forest in Tottori Prefecture or the mysterious octagonal tunnel hidden in the mountains of Kyushu, these deals are well worth looking into. They'll help to expand your options when travelling and allow you to pack even more into your Japan itinerary, so you can discover more than you ever thought possible. Sources: ANA Discover Japan Fare, JAL Explorer Pass Top image: Pakutaso Insert images: Pakutaso (1, 2) ● Want to hear about SoraNews24's latest articles as soon as they're published? Follow us on Facebook and Twitter!
