Jaiprakash Power Ventures on Friday said it has again extended till May 15 the standstill agreement entered into with certain holders of foreign currency convertible bonds, who hold over 75 per cent of the $200-million bonds. The bonds, which carry a coupon of 5 per cent, were originally due in March 2015. This is the third time the company has extended the standstill agreement with the FCCB holders. The company and bondholders may agree to mutually extend the agreement further while negotiating on the restructuring of all or part of the bonds. Shares of JP Power closed at ₹5.41, down 2.87 per cent from its previous closing.

Autoline Industries on Friday said its subsidiary Autoline Industrial Parks had executed a non-bidding agreement with Sachin Kulkarni Infrastructure Pvt Ltd to develop a township project in Pune, Maharashtra. Sharjah Cement & Industrial Development Co Ltd, the majority shareholder in Autoline Industries, has also agreed to finalise the terms of the joint development of the project, the latter said in an exchange filing. Shares of Autoline Industries were up 2.6 per cent at ₹60.60 on the NSE.

Sankhya Infotech , a company focussing on simulation and training solutions, on Friday announced partnership with the Telecom Sector Skill Council (TSSC). The tie-up with the apex telecom body is to provide online and digital training to telecom professionals across India. As the digital content partner for TSSC, Sankhya would offer various TSSC courses on online e-marketplace. BSE-listed Sankhya Infotech slipped 2.13 per cent at ₹57.35 on the BSE.

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