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State Bank of India to raise up to $3 bn via debt in FY25
State Bank of India, the country's largest lender, has approved raising up to $3 billion via debt in the current financial year. The funds will be raised in one or more tranches through a public offer or a private placement of senior unsecured notes denominated in U.S. dollars or another major foreign currency. The purpose of the fund raise was not specified. This move comes as Indian banks are bolstering their capital base to meet increasing loan demand.
Old team, new beginnings: Big four intact, PM Modi sends big message
Besides big four, PM's core team of ministers have also retained their portfolios. Nitin Gadkari (road transport and highways), Piyush Goyal (commerce and industry), Dharmendra Pradhan (education), Sarbananda Sonowal (ports, shipping and waterways), Virendra Kumar (social justice and empowerment), Ashwini Vaishnaw (railways, electronics and information technology), Hardeep Puri (petroleum and natural gas) and Bhupender Yadav (environment, forest and climate change) will continue running the ministries they were handling in the last five years. Some of them have shed additional portfolios that were allocated when others left the council of ministers in the past.
Canada bans border applications for post-graduation work permits
Canada has banned foreign nationals from applying for post-graduation work permits (PGWP) at the border to curb 'flagpoling,' a practice that strains border resources and causes delays, announced by Marc Miller.
Study in US: An expert answers your biggest F-1 visa questions
International students on F-1 visas face challenges related to OPT, DSO approval, STEM OPT extension, I-20 updates, SEVIS records, reinstatement, financial documentation, green card applications, driver's license requirements, visa status management, USCIS filings, crowdfunding limitations, and SSN applications.