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State Bank of India (SBI) has raised $1 billion, or double the amount originally envisaged, in an offshore syndicated loan arranged by HSBC and subscribed by lenders across continents, demonstrating the enduring appeal of local financial companies for overseas investors that expect New Delhi to be the undisputed global growth leader in a geopolitics-ravaged 2024. «The success of this transaction reflects the improvement in the bank's credit and business profile, which is the result of tremendous work put in by SBI as a team over the years,» SBI Chairman Dinesh Khara said exclusively to ET. «In addition, we have also benefited from favourable macroeconomic conditions, including a largely stable currency and domestic yields, despite the volatility in overseas markets,» he said. The deal represents the «largest sole-underwritten transaction for an Indian borrower since 2018,» a source aware of the development told ET. SBI, with the biggest branch network and a share of about a fifth in all outstanding bank credit in the country, is often seen as a proxy by analysts for loan demand and deposit options in a country that is increasingly financialising its savings.

power generation and distribution company Torrent Power is planning to raise up to Rs 650 crore through the issuance of non-convertible debentures (NCDs), as per officials aware of the development. The company is considering issuing the NCDs in tranches of two years, three years, and five years, market sources said. Torrent Power is expanding operations in the green energy segment and may use the proceeds to fund the same. Axis Bank and Barclays are likely the arrangers of the issue, they added.

Omron Healthcare, the world's largest maker of home blood pressure monitoring (BPM) devices, is betting big on India where the number of people suffering from hypertension is on rise as the population ages and lifestyles change. In an interview to ET, Tetsuya Yamada, managing director of Omron Healthcare India, said the device maker plans to expand its footprint in India and go beyond metro cities, roll out new products, strengthen online distribution, and partner local pharmaceutical companies and startups to raise awareness. «India has just 2% penetration of home BPM; when compared to BRICS it is very low.

Mint that the civil aviation ministry is working on a national aviation hub policy to encourage Indian airlines in international expansion. The policy may also introduce differential charges for Indian and foreign airlines at airports in the country. “I think it is time with around 15.5 crore domestic and 6 crore international passengers that we look at creating a hub in India; earlier, we didn’t have the numbers.

ethnic clashes and illegal migration of Chin-Kuki nationals from Myanmar, the Centre is set to issue orders for smart fencing for an additional 300 kilometres out of the 1,643 km of India-Myanmar border, running along Arunachal Pradesh, Nagaland, Manipur and Mizoram, said a senior government official. The fencing of the remaining length of the border is likely to be completed in the next four and half years, the official said. The development comes after the initial pilot project of 10 km was completed last year and work for another 80 km was awarded, taking the total smart fencing to 390 km.

all schools of Lucknow district till January 6, as per the order issued by the District Education Officer, Ram Pravesh, under the directions of the district magistrate, news agency ANI reported. "Regarding the above-mentioned matter, you are aware that at present a cold wave is going on in the entire state including the Lucknow district and it is extremely cold. Following the instructions given by the District Magistrate, you are ordered to ensure leave for all the children studying in school from pre-primary to class 8 till January 6, 2024," the order read.

With the coming of the new year comes new changes in many sectors. Along with changes in the finance sector, UPI rules have also changed. The new regulations promise significant enhancements to the online banking and payment transaction experience.

Karnataka Chief Minister Siddaramaiah dismissed the opposition’s allegation of hate politics in connection with the arrest of a man linked to the riots that took place after the Babri Masjid demolition in 1992.

ALSO READ: Punjab's R-Day parade tableau rejected; BJP defends move, cites photos of Arvind Kejriwal and Bhagwant Mann On the fresh ED summons to the Delhi CM, the Delhi BJP chief said, "All necessary action is and will be taken in accordance with the law." "Kejriwal must face the investigating agencies. He has been running away from questioning. All the action is and will be taken by the law of the land.

Vodafone Idea has said it is not in talks with Starlink for a tie-up, amid a continuous rally in its stock price for the past few weeks. The company clarified after some media reports stated that Vodafone Idea (Vi) was exploring a tie-up with Elon Musk-owned Starlink for a stake sale.

Pee Safe, a hygiene and wellness brand, said only less than a third of women in India use or have access to female and intimate hygiene products such as sanitary pads, tampons, menstrual cups and vaginal wash among other period related products, indicating the potential market as well as the need to raise awareness about such products. With feminine hygiene penetration lower than 30% in India, a host of companies have entered the segment historically dominated by P&G and J&J. While they have a significant presence in India, the challenges are also equally massive in increasing market penetration due to limited awareness about feminine hygiene and low purchasing power of a significant portion of the Indian women populace.

Stock market today: Vodafone Idea share price tumbled after the telecom company rebutted media reports about any possible tie-up with Elon Musk's Starlink. Vodafone Idea share price touched its intraday low of ₹15.95 apiece on NSE, losing around 5 per cent against its Monday close of ₹17 per share. Vodafone Idea's rebuttal came in its stock market's exchange filing on Tuesday in which the telecom company said that it was not in any such discussion with the named party.

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₹15.11 lakh when I started my practice. I needed money for setting up my dental clinic and also for meeting my personal financial goals," Akshat Agarwal says. Gondia is also known as ‘Rice City’ due to the abundance of rice mills in the area.

NEW DELHI : Ahead of the general elections, the government is planning to consolidate marquee schemes to safeguard the interests of farmers and consumers, under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA), with an allocation of ₹28,107 crore till 2025-26, three officials aware of the matter said. The plan is to merge the Union Consumer Affairs Department’s Price Stabilisation Fund (PSF) with the agriculture ministry’s Price Support Scheme (PSS), and bring the merged scheme under the PM-AASHA, along with the market intervention scheme (MIS).

Vedanta Resources, the London-based parent of India’s Vedanta Ltd, has received between 20% and 40% investor votes in favour of its $3.8 billion bond restructuring exercise as of 29 December, people aware of the matter said. For the company’s proposal to go through, more than two-thirds of each bond’s investors need to vote, of which at least two-third votes need to be cast in favour of the restructuring. Vedanta had on 13 December sought investor approval to delay the maturity of several of its outstanding corporate bonds to better manage its debt repayment cycle.

Pine Labs, which is based in Singapore, plans to seek board approval this quarter to move its parent company to India, according to people in the know. Business-to-business (B2B) ecommerce firm Udaan is considering a similar move in view of its plans for an initial public offering (IPO) in 12-18 months, they said. The two join several other well-funded and highly valued startups that are moving their overseas holding companies to India — or ‘reverse flipping’ — ahead of listings, especially in the central bank-regulated fintech sector.

investors and early institutional shareholders in ecommerce company Meesho are in discussions with investors to divest their stake, people aware of the matter told ET. Talks are on for a transaction at a valuation of $3-3.5 billion, but this figure may change, people briefed on the matter said.

PepsiCo is considering more than one executive for the role of president and chief executive officer for its India business, including a candidate from its global system, said executives directly aware of the developments. Earlier, PepsiCo India's current senior vice president and general manager, beverages, George Kovoor, was believed to be taking over the top role to succeed Ahmed ElSheikh. The developments follow PepsiCo's current president ElSheikh, who is expected to move to a global role within the company this year, making way for the leadership transition. Executives cited a combination of reasons for the recent developments.

In case your retirement is in the year 2024, it is essential that you become conscious about taxes as well as know the recent rules and regulations on the same.

releases the list of bank holidays, which is based on various factors including national/state holidays, cultural or religious observance, operational requirements, government announcements, and in coordination with other banks. It's important to note that the RBI communicates its holiday schedule through official channels, including its website and notifications to banks and financial institutions.