Latest news with #FPO
Business Standard
a day ago
- Business
- Business Standard
Digital platforms helping boost agriculture income
The government is pushing supportive environment for income of farmers through Digital Platforms. Government in 2016 launched a National Agriculture Market (e-NAM) to enable the farmers to transparently sell their produce to large number of buyers accessing multiple markets electronically. Farmers Producer Organisations (FPO) have been on boarded onto digital platforms such as e-NAM, ONDC (Open Network for Digital Commerce), and GeM (Government e-Marketplace) to enhance digital market by Capital Market - Live News
Time of India
2 days ago
- Business
- Time of India
Vi rolls out 5G services in Jaipur; offering unlimited 5G data plans starting at Rs 299
Vodafone Idea (Vi) launched its 5G network in Jaipur today, bringing high-speed connectivity to Rajasthan's capital as part of its nationwide expansion across 23 cities. The telecom operator is offering unlimited 5G data on plans starting from Rs 299 as an introductory promotion. Vi users with 5G-enabled devices can now access enhanced services including high-definition streaming, gaming, video conferencing, faster downloads, and real-time cloud access. The launch marks Jaipur's entry into Vi's 5G coverage map, which already includes Mumbai, Delhi-NCR, Bangalore, Mysuru, Chandigarh, Patna, and Nagpur. "As we launch Vi 5G in Jaipur, we are excited to bring the future of connectivity to the Pink city," said Shailendra Singh, Operations Director at Vodafone Idea. "With our next-gen 5G and robust 4G network, we aim to provide more options and an enhanced experience to our users." The company has partnered with Ericsson to deploy advanced, energy-efficient infrastructure in Jaipur, implementing AI-powered Self-Organizing Networks (SON) that automatically optimize network performance for superior user experience. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Crypto CFDs May Suit Your Portfolio IC Markets Learn More Undo Vi's Jaipur launch is part of its planned 5G rollout across 17 priority circles where it has acquired 5G spectrum. The expansion comes after the company raised funds through a Follow on Public Offer (FPO) last year, enabling significant network investments. Alongside the 5G launch, Vi has upgraded its 4G network across Rajasthan, deploying 900 MHz spectrum on over 2,700 sites for better indoor coverage and enhancing 2100 MHz spectrum capacity across 2,000+ sites. These infrastructure improvements demonstrate Vi's commitment to delivering consistent connectivity across both urban and rural areas in the state. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
5 days ago
- Business
- India.com
Anil Ambani planning something big, set for a massive comeback with Rs 180000000000 gamechanger plan, what will he do with the money?
Anil Ambani, who once grabbed headlines for his debts and bankruptcy, is once again back in the news—but this time for a different reason. This time, the focus is on the revival of his companies, the reduction of debt, increasing investments, and increasing stock prices. A report recently suggested that after clearing his debts, Anil Ambani's company is raising Rs 18,000 crore. This raises the next question. What is he going to do with this money? What is Anil Ambani's ₹180,000,000,000 plan all about? Once the richest person in the world, Anil Ambani, had gotten himself stuck in the web of debt through a number of unfortunate events and poor decisions. His companies started to face bankruptcy, but now, finally, there seems to be light at the end of the tunnel. Anil Ambani's businesses are beginning to show signs of revival, and some are even turning profitable. Two of his most crucial businesses, Reliance Power and Reliance Infrastructure, have made an astonishing recovery, as already demonstrated by their ever-increasing share price. After getting debt-free, Anil Ambani is ready to raise fresh funds. Reliance Power and Reliance Infrastructure are planning to raise Rs 9,000 crore each, for a total of Rs 18,000 crore in fundraising. Following the news of the fundraising initiative, Reliance Infrastructure shares soared, skyrocketing on Thursday to Rs 404.90. After navigating through a difficult time, Anil Ambani's company Reliance Power is gearing up for a much-awaited fundraising opportunity. In principle, the company's board has approved a mega plan to raise Rs 6,000 crore. Reliance Power plans to use either a Qualified Institutional Placement(QIP) or Follow-on Public Offer(FPO) to raise this amount, along with the issuance of debentures up to Rs 3,000 crore. With respect to Reliance Power's share price, it climbed by 2.40% to Rs 66.09 on Wednesday, resulting in a market capitalization of Rs 27,330 crore. Over six months, the stock has offered 60% returns, while over one year it has provided a remarkable 130% return.
United News of India
5 days ago
- Business
- United News of India
IOB posts historic Rs 1,111 cr net profit in Q1 FY26
Bengaluru, July 18 (UNI) Indian Overseas Bank (IOB) today reported a record-breaking net profit of Rs 1,111 crore for the quarter ended June 30, 2025, marking a 75.57% year-on-year (Y-o-Y) growth from Rs 633 crore in the corresponding quarter last year. This is the highest-ever quarterly net profit in the bank's history. According to the financial results released today, the public sector bank also saw its operating profit surge by 40.70% to Rs 2,358 crore, while Net Interest Income (NII) rose 12.50% to Rs 2,746 crore. The Net Interest Margin (NIM) stood at 3.04%. IOB's total business grew 12.19% Y-o-Y to Rs 5.93 lakh crore, with total deposits up 10.75% to Rs 3.31 lakh crore and gross advances rising 14.05% to Rs 2.62 lakh crore. The bank's CASA deposits grew by 15% to Rs 1.45 lakh crore, with CASA ratio improving to 43.78%. Asset quality also improved significantly. Gross NPA fell to 1.97% (down 92 basis points Y-o-Y), and Net NPA declined to 0.32%. Provision Coverage Ratio rose to an impressive 97.47%. The slippage ratio dropped to 0.10%, while credit cost stood at a conservative 0.29%. IOB's Capital Adequacy Ratio (CRAR) under Basel III norms improved to 18.28%, with CET1 at 15.78%. Return on Assets (RoA) increased to 1.14%, and Return on Equity (RoE) jumped to 19.00%. Cost-to-income ratio improved by 754 basis points to 44.22%. Total recovery during the quarter rose 46.13% to Rs 851 crore, including Rs 629 crore recovered from written-off accounts. On the operational front, IOB expanded its domestic branch network to 3,345 branches, up from 3,250, and significantly increased Business Correspondent engagement to 10,872. Total customer touchpoints grew to 17,678 across India. IOB was ranked first among PSBs in June 2025 for outstanding customer service (CPGRAMS). The bank also launched several digital initiatives including QR-based feedback, WhatsApp banking, and organic farming cards. Further, IOB hosted a major FPO conclave in Madurai and signed an MoU with IIBF for a specialized MSME course. The bank was also recognized as a top performer under the Kalaignar Kaivinai Thittam MSME scheme and received a special citation under the EASE 7.0 reforms. Indian Overseas Bank's performance in Q1 FY26 reflects strong fundamentals, digital agility, and improved asset quality, positioning it well for sustained growth in the coming quarters. UNI BDN BM
News18
17-07-2025
- Business
- News18
Reliance Infra Shares In Focus Over Rs 9000 Cr Fund Raise Plan, Stocks Up 111% In 1 Year
Last Updated: Reliance Infra Share Price: Reliance Infrastructure Limited, led by Anil Ambani, plans to raise up to Rs 9000 crore through QIP/FPO and debentures. Reliance Infra share price. Reliance Infra Share Price: Anil Ambani-led Reliance Infrastructure Limited (RInfra) shares will be in focus during the Thursday session following the company's board meeting approving fund raise plan up to Rs 9000 crore through qualified institutions placement (QIP) or follow-on public offer (FPO). Out of Rs 9000 crore fund raised, Rs 6000 crore will be raised through QIP/FPO and the remaining Rs 3000 crore will be sought by issuance of secured/unsecured, redeemable, non-convertible debentures on a private placement basis. Reliance Infrastructure (RInfra) is a major Indian infrastructure company involved in power generation, transmission, distribution, and trading, as well as roads, metro rail, and defence. '…the Board of Directors, at its meeting held today, i.e., Wednesday, July 16, 2025, has, inter alia, approved seeking enabling authorization from the members for: raising funds up to Rs 6,000 crore through the issuance of equity shares and/or equity linked instruments and/or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement and /or follow on public offer or a combination thereof;" Reliance Infrastructure Limited said in the filing. 'issuance of secured/unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches/series, on a private placement basis or otherwise." Reliance Infrastructure Share Price History Over the past one month, the stock has gained 5.31%, outperforming the Sensex which rose 1.02%, and the BSE Utilities index at 3.63%. On a Year-To-Date (YTD) basis, the stock has jumped 25.42%, significantly ahead of the Sensex's 5.26% rise and the Utilities index's 1.42% gain. In Q4 FY25, Reliance Infra's consolidated EBITDA (earnings before interest, tax, depreciation, and amortisation) soared to Rs 8,876 crore, nearly seven times higher than the ₹1,136 crore recorded in the previous quarter (Q3 FY25). The profit after tax (PAT) for the reported quarter was ₹4,387 crore, compared to a loss of ₹3,298 crore in Q3 FY25. The company's consolidated net worth rose 44 percent quarter-on-quarter (QoQ) to Rs 14,287 crore as of March 31, 2025, up from ₹9,899 crore as of December 31, 2024. Additionally, the company noted that its standalone net debt from banks and financial institutions was zero as of March 31, 2025, reflecting a reduction of approximately Rs 3,300 crore during FY25. view comments First Published: July 17, 2025, 06:55 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
