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SBI to tap dollar debt days after nation’s rating upgrade

MUMBAI, Sept 2 (Reuters) – SBI (State Bank of India) plans to raise funds through the issuance of dollar-denominated bonds with a maturity of five years, three merchant bankers said on Tuesday, days after S&P Global Ratings upgraded India’s sovereign credit rating for the first time in 18 years in August. SBI, the country’s largest lender by assets, is eyeing at least $500 million through the issue, and based on the response, could go as high as $1 billion, one of the bankers said. The issue would be finalised over the next few days, the bankers added. SBI did not

Stock markets extend previous day’s rally; Sensex climbs over 200 points

Mumbai, Sep 2 (PTI) Benchmark indices Sensex and Nifty rallied in early trade on Tuesday, extending previous session’s gains, as investors’ sentiment remained buoyant amid strong macroeconomic data. The 30-share BSE Sensex climbed 207.45 points to 80,571.94 in early trade. The 50-share NSE Nifty advanced 60.8 points to 24,685.85. From the Sensex firms, Reliance Industries, Eternal, NTPC, Bharti Airtel, Bajaj Finance and Hindustan Unilever were among the major gainers. However, Asian Paints, Infosys, Mahindra & Mahindra and Trent were among the laggards. Indian manufacturing sector witnessed the fastest improvement in operating conditions in over 17 years in August, driven by

Beetroot juice can help lower blood pressure in those over 60

Beetroot juice can lower blood pressure in those aged 60 and above by suppressing potentially harmful bacteria in the mouth. Experts at the University of Exeter in their new study compared the responses of younger adults and older adults to beetroot juice, which is rich in dietary nitrates. These nitrates are converted by the body into nitric oxide, which helps to relax and widen blood vessels and lower blood pressure. The study included 39 adults under the age of 30, and 36 people in their 60s and 70s. For two weeks, each group were given shots of beetroot juice. After

Roads, station turn playgrounds for Maratha quota protesters; leftover food littered

Mumbai, Sep 2 (PTI) As Maratha quota activist Manoj Jarange continues his hunger strike at Azad Maidan in south Mumbai, his supporters turned the nearby CSMT station premises into a sporting arena, playing kabaddi, kho kho and even wrestling with each other. Some protesters on Monday dumped leftover food, empty water bottles and wrappers on road medians, the station platforms and even on tracks, and civic workers were seen cleaning the waste and other trash from the areas. On a road outside Azad Maidan, some pro-quota protesters were on Monday seen playing cricket as the agitation acquired myriad colours with

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