Tag: Raise

Mumbai: Lending major State Bank of India (SBI) on Friday said it has received shareholders’ approval to raise up to Rs 20,000 crore. According to the SBI, the approval for its proposal to “create, offer, issue and allot such number of equity shares of Re 1 for an amount not exceeding Rs 20,000 crore …” […]

Vienna: The Organisation of Petroleum Exporting Countries (OPEC) on Friday announced an agreement to raise oil output which, in accord with non-OPEC producers, had been reduced last year in order to boost prices that had been in free fall mainly due to a supply glut. Following a ministerial meeting here of the 14-nation cartel, the […]