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The government has raised over Rs 4.04 lakh crore through disinvestment and strategic sale of public sector enterprises since the Modi government came into power in 2014, the <keyword id="47209" type="General" weightage="80" keywordseo="finance-ministry" source="Orion">Finance Ministry</keyword> said on Tuesday. Of this, the largest amount totalling over ₹1.07 lakh crore through offer for sale in 59 cases. This was followed by a stake sale through <keyword id="181067" type="General" weightage="80" keywordseo="exchange-traded-fund" source="Orion">Exchange Traded Fund</keyword> (ETF) in 10 tranches, aggregating to ₹98,949 crore. Strategic sales in 10 companies, including <keyword id="2573" type="General" weightage="80" keywordseo="air-india" source="Orion">Air India</keyword>, yielded Rs 69,412 crore to the exchequer in the last 8 years. Share buyback in 45 cases fetched ₹45,104 crore. 17 CPSEs were listed since 2014-15, which yielded Rs 50,386 crore. Of this, the initial pub<keyword id="6367143" type="General" weightage="80" keywordseo="lic" source="Orion">lic</keyword> offering (IPO) of LIC alone fetched the government Rs 20,516 crore. The additional market capitalisation of ₹7.31 lakh crore was achieved through new listings, the ministry said. Besides, the government has sold its residual stake in <keyword id="411504" type="General" weightage="80" keywordseo="paradeep-phosphate-ltd" source="Orion">Paradeep Phosphate Ltd</keyword>, IPCL, and Tata Communication for ₹472 crore, ₹219 crore and ₹8,847 crore, respectively. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/fintech-player-zaggle-files-ipo-papers-with-sebi-to-mobilise-funds-via-ipo/articleshow/96367455.cms">Fintech player Zaggle files IPO papers with Sebi to mobilise funds via IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rbi-to-pause-rate-hikes-in-2023-peak-rate-at-6-25-to-6-5-percent-says-kotak-institutional-equities/articleshow/96371881.cms">RBI to pause rate hikes for most of 2023, hold peak policy rate at 6.25-6.5%: Kotak Institutional Equities</a>

Govt raises over ₹4 lakh crores via disinvestment since 2014

<keyword id="2912767" type="General" weightage="20" keywordseo="Hero-Electronix" source="Orion">Hero Electronix</keyword>'s consumer technology brand <keyword id="8111732" type="General" weightage="20" keywordseo="qubo" source="Orion">Qubo</keyword> on Friday announced that it has ventured into the auto-tech space with the launch of a new product -- <keyword id="14045483" type="General" weightage="20" keywordseo="qubo-smart-dash" source="Orion">Qubo Smart Dash</keyword> Cam. Priced at Rs 4,290, the all-new Qubo Dash Cam comes with a user-friendly mobile application on both iOS and android platforms and is available across various online and offline channels. "Keeping in line with our broader vision of creating customer-centric connected devices, Qubo has come a long way in the last two years. Today, Qubo has a wide range of connected smart home products that are enriching the lives of Indian consumers," Ujjwal Munjal, Vice Chairman, Hero Electronix, said in a statement. "With the addition of <keyword id="2648044" type="General" weightage="20" keywordseo="auto-tech" source="Orion">auto tech</keyword> products to our existing product portfolio, we are a step closer to our aspiration of reaching a million homes," Munjal added. The company said that the dash cam is equipped with 1080p@30FPS HD video quality for recording and live view. With a built-in 6-axis G-sensor, it auto-detects a sudden shake or collision and locks the footage to 'Event File,' which users can access on their phone through Qubo App. Its Artificial Intelligence (AI)-based alerts ensure that nothing important gets missed, the company said. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/pradeep-phosphates-ipo-lists-at-premium/articleshow/91826685.cms" style="">Paradeep Phosphates lists at a 9% premium as Sensex and Nifty trade in the green</a> <a href="https://www.businessinsider.in/business/startups/news/the-edtech-bubble-is-bursting-as-schools-colleges-reopen-and-funds-dry-up/articleshow/91826696.cms" data-type="tilCustomLink" style="">The edtech bubble is bursting as schools, colleges reopen and funds dry up</a> <a href="https://www.businessinsider.in/business/corporates/news/it-jobs-are-safer-than-startup-jobs-but-a-salary-bubble-burst-awaits-them/articleshow/91808349.cms" style="">IT jobs are safer than startup jobs but a salary bubble burst awaits them</a>

Hero Electronix's Qubo enters auto tech, unveils new dash cam

Telecom service provider <keyword id="6354287" type="General" weightage="80" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword> posted quarterly revenues of Rs 31,500 crore in Q4FY22, up 22.3 per cent year on year. The sharp rise in revenues was backed by strong and consistent performance delivery across portfolios. The company's <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> business posted quarterly revenues of Rs 22,500 crore, up 22.7 per cent on year. Mobile services revenues in India were up 25.1 per cent on year, led by increase in average revenue per user (<keyword id="107848" type="General" weightage="80" keywordseo="arpu" source="Orion">ARPU</keyword>), largely on account of flow through of tariff increase done in late 2021. Mobile ARPU increased to Rs 178 in Q4FY22 as against Rs 145 in the same period the previous fiscal. It reported a 165 percent growth in its consolidated net profit of Rs 2,008 crore in the said quarter, as against Rs 759 crore in the year ago period. Besides, digital TV continued to amass its strong market position. Further, 4G customers rose by 21.5 million on year and 5.2 million on quarterly basis, thereby crossing 200+ million milestone which is 62 per cent of the overall customer base, Bharti <keyword id="15491" type="General" weightage="100" keywordseo="airtel" source="Orion">Airtel</keyword> said in filing to the exchanges. It rolled out additional 7,000 towers in the quarter to provide ubiquitous connectivity and differentiated network experience. "Airtel continues to have the highest ARPU at Rs 178. Our Homes and enterprise business continue to exhibit very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flows have enabled us to further repay some of our spectrum liabilities ahead of schedule and improve our leverage," said <keyword id="521074" type="General" weightage="50" keywordseo="gopal-vittal" source="Orion">Gopal Vittal</keyword>, MD and CEO, <keyword id="2925917" type="General" weightage="20" keywordseo="india-south-asia" source="Orion">India &amp; South Asia</keyword>. "We continue to remain optimistic about the opportunities in the coming years and believe we are well poised as a company for three reasons." This, he said, were firstly, its ability to execute consistently to a simple strategy of winning with quality customers and delivering the best experience to them. Secondly, its future proofed business model with massive investments in both infrastructure and digital capabilities, and lastly, the financial prudence backed by the strong focus on governance. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/lic-makes-a-weak-listing-on-exchanges-today-heres-what-analysts-have-to-say/articleshow/91621041.cms">LIC makes a weak debut on exchanges today: Here is what analysts have to say</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/paradeep-phosphates-ipo-company-revenue-profit-growth-outlook-in-10-points/slidelist/91619298.cms">Paradeep Phosphates IPO: Company revenue, profit, growth outlook in 10 points</a>

Bharti Airtel's revenues soar by 22% year on year, net profit 165% in Q4FY22

New Delhi, Jul 15 () Fertiliser cooperative IFFCO's net profit rose 20 per cent to an all-time high of Rs 1,005 crore during the last fiscal year on record sales of soil nutrients. Its profit stood at Rs 841.58 crore during the 2018-19 financial year. IFFCO's turnover increased to Rs 29,412 crore in the 2019-20 fiscal, from Rs 27,851.74 crore in the previous year. The group turnover of IFFCO, including its joint ventures, subsidiaries and associate companies, rose to Rs 57,778 crore last fiscal, from Rs 50,908 crore in the 2018-19 fiscal. "I am glad that IFFCO could achieve outstanding overall performance for the FY 19-20, which is indeed incredible to accomplish in a year severely affected by global and economic challenges," IFFCO Managing Director U S Awasthi said. IFFCO has achieved highest ever production, sales, profit and despatches of fertilisers for the financial year 2019-20, the company said. Apart from core fertiliser business, IFFCO has diversified into general insurance, rural retail, farm forestry, rural telecom, agrochemicals, rural finance, logistics, SEZ. It has forayed into food processing, organic food and nutrients for urban gardening. The cooperative achieved the highest ever sales of fertilisers at 133 lakh tonnes last fiscal despite difficult market and weather conditions. On operational front, IFFCO's total production of fertilisers increased to 91.42 lakh tonnes last fiscal year, from 81.49 lakh tonnes in the previous year. Urea output increased to 48.75 lakh tonnes from 45.62 lakh tonnes last year, while the production of di-ammonium phosphate/nitrogen phosphorus potassium/water soluble fertilisers (DAP/NPK/WSF) rose to 42.87 lakh tonnes from 35.87 lakh tonnes. IFFCO sold record 133.31 lakh tonnes of fertilisers in the last fiscal year, as against 115.56 lakh tonnes in 2018-19. Out of total sales, urea stood at 86.31 lakh tonnes and DAP/NPK at 47 lakh tonnes in 2019-20. IFFCO, the worlds largest fertiliser cooperative, has five plants at Kalol, Kandla, Phulpur, Aonla and Paradeep in India and two overseas. MJH DRR DRR

You Searched For "paradeep phosphates company" and got 4 results

Govt raises over ₹4 lakh crores via disinvestment since 2014

PTI

Hero Electronix's Qubo enters auto tech, unveils new dash cam

IANS

Bharti Airtel's revenues soar by 22% year on year, net profit 165% in Q4FY22

IANS

IFFCO FY'20 profit at record Rs 1,005 cr; turnover up 6 pc at Rs 29,412 cr

PTI

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