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Sebi on Thursday decided to reduce the timeline for listing of public issue of debt securities to three working days from six days at present, to facilitate faster access to funds. This new timeline will be optional for the first year and mandatory thereafter.
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Bank of India raised 2,500 crores through tier two bonds at 7.49% coupon rate. The funds will support normal business activities, not specific projects.
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The investment will allow the Halewood factory to produce electric versions of its current models.
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