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SBI gets approval to raise Rs. 5,000 crore via bonds

Country’s largest lender, State Bank of India (SBI) has received its board’s approval to raise Base-III compliant Tier-2 bonds up to Rs. 5,000 crore during fiscal year 2019, through a public offer/private placement, the lender said in a statement.

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India imposed anti-dumping on certain type of Chinese steel

India has imposed an anti-dumping duty of up to USD 185.51 per tonne for 5 years on certain kinds of Chinese steel originating from China. The duties range from USD 44.89 to 185.51 per tonne for the next five years.

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