Sunday, September 20
Mumbai: State Bank of India (SBI) began its ₹25,000-crore share sale to institutional investors at the end of trading hours on Wednesday in the largest equity capital raise by a domestic entity - and the first in eight years by the most-valued government asset.Bidding for the share sale would continue until the early hours on Thursday. The indicative offer price is between ₹806.75 and ₹831.70 a share, bankers told ET. The indicative price is the implied discount - up to 3% in this case - to the share's closing price of ₹831.7 on the NSE on Wednesday. If the bank raises the entire ₹25,000 crore, it will be the largest share sale after Coal India's ₹22,560-crore qualified institutional placement (QIP) to select bulge bracket buyers in 2015. The bank's board approved the placement
The message from the Trump administration to working-class Americans who want to go to college is: You’re on your own. It is part of the One Big Beautiful Bill Act’s broad effort to scale back spending on the poor and middle class in order to finance tax breaks for the rich. It’s also a dramatic reversal in the American compact with higher education that enshrines into law a flawed policy that will discourage college enrollment among a generation of lower-income Americans.For a century, the US has improved its global competitiveness by cultivating a higher education system that creates a talented and skilled workforce. As vast as the US higher education system is, however, it has fallen short. Costs are soaring, public trust is declining, and universities aren’t meeting the needs o
