Ethos receives affirmation in credit ratings from ICRA
Ethos has received credit ratings from ICRA as under:Proposed working capital - ICRA A+; Stable (reaffirmed)Fund based limits -others (Rs 110 crore) - [ICRA A+; Stable (reaffirmed)Fixed Deposits (Rs 10 crore) - ICRA A+; Stable (reaffirmed)Long term -Unallocated limits (Rs 15 crore) - ICRA A+; Stable (reaffirmed)Powered by Capital Market - Live News
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Business Standard
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Samsung Galaxy S25 Edge available with storage upgrade, no-cost EMI offers
Although the 512GB variant of the Samsung Galaxy S25 Edge is officially priced at Rs 121,999, it is being offered with an upfront discount of Rs 12,000 under the storage upgrade promotion New Delhi The Samsung Galaxy S25 Edge is now available for purchase in India. The ultra-thin smartphone comes with a storage upgrade offer, allowing consumers a free upgrade to the 512GB model at the price of the 256GB variant. This promotional offer was initially exclusive to pre-orders. Additionally, Samsung is providing an 18-month no-interest equated monthly instalment (EMI) plan. Samsung Galaxy S25 Edge: Price and offers 12GB RAM + 256GB Storage: Rs 109,999 12GB RAM + 512GB Storage: Rs 121,999 Although the 512GB variant is officially priced at Rs 121,999, it is being offered with an upfront discount of Rs 12,000 under the complimentary storage upgrade promotion. As a result, consumers may purchase the higher storage model at the cost of the base variant. Samsung Galaxy S25 Edge: Details The Galaxy S25 Edge features a sleek titanium frame and an ultra-slim profile measuring just 5.8mm, making it one of Samsung's thinnest smartphones to date. Weighing 163g, it is marginally heavier than the standard Galaxy S25, yet remains lightweight considering its expansive 6.7-inch QHD+ Dynamic AMOLED 2X display. The display is protected by Corning Gorilla Glass Ceramic 2 for enhanced durability. In terms of imaging capabilities, the smartphone is equipped with a 200MP primary sensor, which is reported to deliver up to 40% improved brightness in low-light conditions compared to the Galaxy S25. This is accompanied by a 12MP ultra-wide lens supporting autofocus and macro photography. Powered by Qualcomm's Snapdragon 8 Elite chipset, the device is compatible with the complete range of Galaxy AI features. These include Now Brief, accessible via the Now Bar, the Google Gemini AI assistant with cross-application functionality, and tools such as Audio Eraser, Drawing Assist, and Nightography. The Galaxy S25 Edge also introduces ProScaler, a feature driven by Samsung's mobile Digital Natural Image engine (mDNIe), which enhances the quality of visual content through upscaling. Samsung Galaxy S25 Edge: Specifications Display: 6.7-inch Dynamic AMOLED 2X, QHD+ resolution, 120Hz refresh rate (1–120Hz), 2600 nits peak brightness Processor: Qualcomm Snapdragon 8 Elite RAM: 12GB Storage: 256GB and 512GB Rear Camera: 200MP primary + 12MP ultra-wide Front Camera: 12MP Battery: 3900mAh Protection: IP68 rating, Corning Gorilla Glass Ceramic 2 Operating System: Android 15-based One UI 7
Economic Times
37 minutes ago
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Yes Bank shares jump 6% on fundraising buzz; board meet set for June 3
Live Events Details of stake transactions SMBC's expansion plans (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Yes Bank surged 6% to Rs 22.86 on the BSE in Monday's trade after the bank announced that its Board of Directors will meet on Tuesday, June 3, 2025, to consider raising capital through equity shares, debt securities, or other financial to a company filing dated May 28, the proposed fundraising could be carried out via private placement, preferential allotment, or other approved routes, subject to the necessary regulatory and shareholder development follows State Bank of India 's recent disclosure of its plans to sell a substantial portion of its 23.97% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC). SBI is expected to offload up to 20% of its holding, while SMBC is likely to inject additional capital equivalent to a 6–7% the deal materialises, SMBC may be required to make an open offer, potentially increasing its stake in Yes Bank to as much as 51%. This would mark a significant shift in the bank's ownership and control part of the agreement, SMBC is also committed to participating in any equity issuance by the bank to maintain its 20% Bank has formally notified the stock exchanges of the upcoming board meeting under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The bank has also closed its trading window for designated persons and their relatives from May 29 to June 5, 2025, in accordance with the SEBI (Prohibition of Insider Trading) Regulations and its internal May 9, Yes Bank had announced that SBI would sell 13.2% of its stake to SMBC, while a group of other Indian banks — HDFC Bank Federal Bank , and IDBI Bank — which collectively held 9.7%, would divest 6.8%.Post-transaction, SBI would retain a 10.8% stake in Yes Bank. SBI had earlier invested Rs 10,000 crore in 2020 to rescue the lender and is now preparing for a gradual sources suggest SMBC may seek to merge Yes Bank with its NBFC arm, SMFG India Credit (formerly Fullerton India Credit), subject to RBI approval. If approved, SMBC would hold majority stakes in both a private bank and an NBFC — a structure that may raise regulatory questions due to overlapping business the transaction, SMBC will have the right to nominate two directors to Yes Bank's board, while SBI will retain one. SMBC, which manages $1.6 trillion in assets globally, will also have preemptive rights to maintain its pro-rata stake in any future fundraising of March 2025, Yes Bank reported a Common Equity Tier 1 (CET1) ratio of 13.5% and an overall capital adequacy ratio of 15.6%.
India.com
38 minutes ago
- India.com
Anil Ambani's BIG plan, this company plans to export defense of Rs 30000000000 by…, stock jumps….
Home Business Anil Ambani's BIG plan, this company plans to export defense of Rs 30000000000 by…, stock jumps…. Anil Ambani's BIG plan, this company plans to export defense of Rs 30000000000 by…, stock jumps…. Recently, Reliance Defence also announced a strategic partnership with Düsseldorf-based Rheinmetall AG. Anil Ambani (File) Reliance Infrastructure Ltd, an entity of Anil Ambani's Reliance Group, is trying to achieve exports worth Rs 3,000 crore from 155 mm ammunition and aggregates by the end of the 2027 fiscal year, according to a PTI report. This year, the company is projected to export Rs 1,500 crore in large-calibre ammunition. They have recorded exports of up to Rs 100 crore in artillery ammunition and aggregates, Reliance Infrastructure is planning to rank among India's top three defence equipment exporters, claim the same report. The key export market for Reliance includes countries in the European Union, focusing on large restocking demand for artillery ammunition. According to the experts, the market size for restocking is estimated at Rs 4,00,000 crore. PTI told sources that Reliance has been able to make inroads in the highly competitive markets of the European Union and South East Asia. Reliance Power And Reliance Infra Shares On Friday, the share of Reliance Power closed at Rs 58.10 with a gain of 11.26%. At the same time, in the last one month, the company has given a return of more than 42%. Apart from this, the share of Reliance Infrastructure also closed at Rs 330.50 with a gain of 5.56% on Friday. In the last one month, the company has given a return of about 30%. When contacted, a Reliance Infrastructure spokesperson confirmed that the ammunition export is the key priority of the company as it develops Dhirubhai Ambani Defence City (DADC) in Ratnagiri, Maharashtra, with a capital outlay of Rs 5,000 crore. The company has been allotted 1,000 acres of land in Watad Industrial Area of Ratnagiri, Maharashtra to develop DADC. It will be the largest greenfield project in the defence sector in India by any private sector company. The company is setting up an integrated explosives and ammunition manufacturing plant in DADC. The collaboration between the companies will include the supply of explosives and propellants for medium and large caliber ammunition to Rheinmetall by Reliance. Furthermore, the two companies intend to engage in joint marketing activities for selected products and aim to further extend their cooperation based on future opportunities. In order to support this collaboration, Reliance Defence will set up a greenfield manufacturing facility in Ratnagiri, Maharashtra. The manufacturing facility will have an annual capacity to produce up to 200,000 artillery shells, 10,000 tons of explosives and 2,000 tons of propellants. This new facility will help Reliance Defence achieve its objective of being amongst the top three defence exporters in the country. (With inputs from PTI) For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on More Stories
