Agritech startup Arya aims to double profit, increase revenue by 70% to Rs 500 crore in FY24Currently, most of the startup's revenue comes from storage/warehouse fee. But cofounder Prasanna Rao expects the fee from selling grain on...
01 Oct, 2023, 04.48 PM IST
Agri startup Arya.ag expects fourfold jump in revenue at $175 m this fiscalThe company has so far received USD 65 million in external equity capital from investors like the Bengaluru-based fund Lightrock, the Washi...
04 Oct, 2022, 08.49 PM IST
Grain commerce platform Arya.ag crosses Rs 500 crore book outstanding on Aryadhan platformA media release issued by the company said that this feat is propelled by Arya.ag’s indigenously built digital capabilities, which have bee...
28 Jun, 2022, 02.47 PM IST
Arya.ag ties up with MAS Financial Services to offer agri-finance to farmersIntegrated grain commerce platform Arya.ag on Tuesday announced a tie-up with MAS Financial Services, an NBFC, to offer agri-finance to far...
08 Feb, 2022, 03.57 PM IST
Agritech startup Arya.ag gets $60 million, valuation at $300 millionWhile $46 million came in as equity investment, $14 million was raised via debt from investors such as USDFC and ResponsAbility, a Geneva-b...
18 Jan, 2022, 05.35 AM IST
Arya, Canara Bank in tie up for farm loans management, warehousingThe Arya-Canara Bank partnership aims to support and extend finance to farmers as well as give them access to warehouses managed by the agr...
02 Mar, 2021, 03.40 PM IST
Daimler says India truck demand to take three years to returnThe government’s spending on infrastructure, private sector participation in the mining sector and a greater shift toward online shopping w...
18 Aug, 2020, 07.35 AM IST
Rajya Sabha nomination: Harish Rawat meets Congress high command, defuses crisis"He is a senior leader. Senior leaders do not get angry. They place their suggestions, put forth their views. There is no anger," Rawat sai...
30 May, 2016, 07.34 PM IST
Poor investment flows to hurt United Bank's credit growth: Executive DirectorUnited Bank of India's credit growth will not rise significantly owing to poor investments on the ground, its Executive Director Sanjay Ary...
29 Mar, 2015, 01.51 PM IST
Reserve Bank of India lifts lending ban on United Bank of India"We are elated. This is the result of the effort that our 16,500 employees had put in for the past 12 months," UBI executive director Sanja...
26 Mar, 2015, 10.44 AM IST
Reserve Bank of India lifts lending ban on United Bank of IndiaThe bank is now allowed to do business like any other bank in the country, allowing it to grow advances when the economy is showing signs o...
26 Mar, 2015, 05.59 AM IST
How Deepak Narang & Sanjay Arya went after wilful defaulters to pull UBI out of dark holeThe bank made a turnaround for the March quarter with a net profit and maintained profitability during the next two quarters, buoyed by cas...
07 Jan, 2015, 04.00 AM IST
United Bank of India Q1 net profit rises 47.3% to Rs 65.89 croreThe aim of the bank now is to stabilise the recovery front after it suffered losses in the third quarter of last fiscal due to bad loans.
14 Aug, 2014, 07.47 PM IST
United Bank of India moves to fix capital woes, raise Rs 1600 croreIt may raise up to Rs 300 crore of fresh equity from LIC and anotherRs 275 crore from the government by converting existing perpetual non-c...
24 Jun, 2014, 03.51 AM IST
Finance Ministry has to begin fresh search to fill up UBI top seatFinMin needs to begin afresh search for a new chief for UBI as the plan to appoint Punjab and Sind Bank Executive Director Mukesh Kumar Jai...
29 May, 2014, 12.58 PM IST
Loan recovery helps UBI to turn around in Q4 with Rs 469 crore net profitMost importantly, Arya said, the bank’s capital adequacy ratio has improved to 9.8% under Basel III rules, against the 9% minimum stipulati...
06 May, 2014, 04.00 AM IST
United Bank of India to suspend bank loan facilityBank is crippled with 10% bad loans, its tier 1 capital has fallen below stipulated 6% and it has suffered net losses for two straight quar...
10 Feb, 2014, 04.00 AM IST