NTPC Green Energy IPO Hits D-Street: Key Details and Exclusive Insights. NTPC Green Energy IPO opens for subscription on November 19, 2024, and closes on November 22, 2024. This ₹10,000 crore book-built issue includes a fresh offering of 92.59 crore shares. The IPO is priced within a band of ₹102 to ₹108 per share, with a minimum lot size of 138 shares, requiring retail investors to invest at least ₹14,904. The IPO includes a reservation of up to 1.94 crore shares for employees at a discounted rate of ₹5 per share. NTPC Green Energy has already raised ₹3,960 crore from anchor investors by allocating 36.67 crore shares at ₹108 each. The allotment date is November 25, with the stock set to list on November 27, 2024 on the BSE and NSE. In an exclusive and detailed conversation on Business Today TV, NTPC Green Energy's CMD Gurdeep Singh and Director of Finance Jaikumar Srinivasan, discuss the company’s IPO, debt, expansion plans, valuation, and the future of the renewable energy sector.  Get actionable insights into whether this IPO aligns with your investment goals.

Largest renewable energy public sector enterprise in India

Diversified portfolio across solar and wind projects

Robust project pipeline ensures future growth visibility

Low-cost funding supported by NTPC’s strong backing

Consistently improving capacity utilisation and profitability

India’s energy sector is undergoing a transformative shift and NTPC has plugged into this change with its green initiative. NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, focuses on solar, wind, and hybrid power projects. Established in April 2022, NGEL has an

The Reserve Bank of India (RBI) on Tuesday warned the public about “deepfake" videos being circulated on social media that falsely depict Governor Shaktikanta Das endorsing or launching investment schemes.

In an official statement, the RBI highlighted that these technologically altered videos feature top management, including the Governor, providing financial advice. The videos falsely claim that the central bank supports or endorses certain investment schemes.

RBI Denies Endorsement of Investment Schemes

The statement clarified:

“It has come to the notice of Reserve Bank of India that fake videos of the Governor are being circulated on social media that claim launch of or support to some investment schemes by the RBI."

The RBI emphasised that its officials do not support or participate in any such activities. Furthermore, the central bank does not offer financial investment advice.

Public Advisory to Avoid Scams

The RBI urged the public to remain vigilant and avoid engaging with these fraudulent videos. It advised against falling prey to such schemes that misuse advanced technological tools like deepfakes to mislead and defraud.

The Reserve Bank of India (RBI) has alerted the public about fake videos circulating on social media that feature top officials, including the RBI Governor, offering financial advice or promoting investment schemes. These videos, created using advanced technological tools like deepfakes, falsely claim to have the RBI’s endorsement for such schemes.

In a press release, the central bank clarified that these videos are fake and warned people not to engage with or believe in them. The RBI also reiterated that it does not provide financial investment advice or support any specific investment schemes.

WHAT ARE DEEPFAKES?

Deepfake technology uses artificial intelligence to create realistic but fake images, audio, or videos. It can manipulate videos to make it appear as though someone is saying or doing something they never actually said or did. In this case, scammers have used deepfake technology to make it look like the RBI Governor and other top officials are promoting financial schemes.

Such fake videos can be highly convincing and may lead unsuspecting individuals to trust and invest in fraudulent schemes.

RBI’S WARNING

“It has come to the notice of the Reserve Bank of India that fake videos of the Governor are being circulated on social media that claim the launch of or support for some investment schemes by the RBI. These videos attempt to advise people to invest their money in such schemes using technological tools," said RBI in a press release.

The central bank made it clear that its officials are not involved in such activities and strongly denied any connection to these schemes. It emphasised that members of the public should remain vigilant and not fall prey to these fraudulent videos.

RISKS OF FALLING FOR DEEPFAKES

Fake videos like these pose significant risks to the public:

Financial Loss: People might invest their money in fraudulent schemes, believing they are endorsed by trusted authorities like the RBI.

Data Theft: Scammers could use such schemes to steal sensitive personal and financial information.

Erosion of Trust: These scams can damage the public's trust in genuine organisations and their officials.

HOW TO STAY SAFE

To protect yourself from falling victim to such scams, follow these tips:

Verify Information: Always cross-check investment advice or schemes claiming to be endorsed by official institutions. Visit the RBI’s official website or contact their helpline for accurate information.

Be Cautious with Social Media: Do not trust everything you see on social media, especially videos or messages asking for money or promoting schemes.

Avoid Sharing Personal Details: Never share personal or financial details with unverified sources or platforms.

Report Suspicious Content: If you come across such fake videos, report them to the social media platform and inform the authorities.

Punit Goenka, Managing Director of ZEE Entertainment Enterprises Ltd (ZEEL), has requested the board to relieve him of his MD role to focus on his duties as CEO. This decision aims to improve the company’s performance and profitability. 

Goenka wants to focus on the operational responsibilities as the chief executive officer, the company said in a statement on Monday. 

“The Company remains on a firm footing and is taking all the necessary steps to build a robust foundation for its future. To ensure we maintain a sharp focus on achieving our targeted aspirations, the core businesses require dedicated time and energy which can only be achieved in an operational capacity. In the long-term interest of the Company and all its stakeholders, I have approached the Board with a request to attain operational focus as the Chief Executive Officer. I am grateful to the Board for recognising my efforts and supporting me in this approach,” said Goenka in a statement.

Additionally, Mukund Galgali has been appointed as the new Deputy CEO effective immediately in addition to his current role as Chief Financial Officer (CFO). 

In October 2024, the board had approved the proposal for Goenka's re-appointment as MD and CEO for a five-year term, which will be effective from January 1, 2025, to December 31, 2029.