Thursday, July 10, 2025

Creating liberating content

Content creator Rachel D’Cruz transformed an Indian sofa cover into

Omar Marques | Lightrocket | Getty Images Microsoft‘s Outlook email

Related News

Content creator Rachel D’Cruz transformed an Indian sofa cover into a stunning backless dress, showcasing creativity and patience. The DIY project, initially estimated to take 30 minutes, evolved into a

The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage

Omar Marques | Lightrocket | Getty Images Microsoft‘s Outlook email service malfunctioned for several hours Wednesday and Thursday, prompting some people to post on social media about the inability to

RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across

MUMBAI: Clean Fanatics, a premium marketplace specialising in high-quality home services has raised $2 million in a seed round led by Inflection Point Ventures. The round also saw participation from

Trending News

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the

US stocks started on a cautious note Thursday despite a surge in airline shares led by Delta Air Lines, which posted strong quarterly results and raised its outlook for the

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old US cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group

Unemployment benefit claims in the United States dipped last week,falling to a historically healthy range over the past couple years. These figures offer another sign of strength in the country’s

Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their

SBI QIP on track: State Bank of India may opt for Rs 25,000 crore share sale as early as next week, says report

Word Count: 538 | Estimated Reading Time: 3 minutes


SBI QIP on track: State Bank of India may opt for Rs 25,000 crore share sale as early as next week, says report
SBI’s leadership had given their approval for this share sale in May. (AI image)

SBI QIP: State Bank of India, the biggest asset-based lender in India, plans to offer shares worth Rs 25,000 crore ($2.9 billion) to institutional investors, potentially launching as early as next week, according to a Bloomberg report quoting sources. This could emerge as the largest such deal in the country.Should the qualified institutional placement receive complete subscription, it would establish a new record for India’s largest QIP, exceeding Coal India Ltd.’s previous record of Rs 225.6 billion offering in 2015, as per statistics quoted in the report. The bank’s leadership had given their approval for this share sale in May.The arrangements remain tentative and could undergo modifications, the sources indicated. SBI’s equity market initiative aims to bolster lending operations, fortify its financial position and comply with regulatory standards. This marks the bank’s return to equity fundraising since 2017, with the government maintaining majority ownership.For this financial transaction, SBI has selected six investment banking institutions. These include Citigroup Inc. and HSBC Holdings Plc (Indian divisions), alongside ICICI Securities Ltd., Kotak Investment Banking, Morgan Stanley, and SBI Capital Markets Ltd.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account