logo
SBI board approves Rs 20,000 crore fundraise via bonds in FY26

SBI board approves Rs 20,000 crore fundraise via bonds in FY26

Business Upturn16-07-2025
State Bank of India (SBI) has announced that its Central Board, in a meeting held on July 16, 2025, has approved a proposal to raise up to ₹20,000 crore during FY26.
In a regulatory filing dated July 16, 2025, SBI stated that the fundraising will be done through the issuance of Basel III-compliant Additional Tier 1 (AT1) and Tier 2 bonds in Indian Rupees, targeted at domestic investors.
In the exchange filings, hte company shared, 'We refer to our letter no.: CC/S&B/AND/2025-26/247 dated 10.07.2025 intimating about the meeting of the Central Board of the Bank, pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Central Board of the Bank in its meeting held today i.e. 16.07.2025, inter alia, accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of ₹ 20,000 Crores (Rupees Twenty Thousand Crores only) to domestic investors during FY26, subject to GOI approval wherever required.'
The decision was taken during the Central Board meeting held earlier in the day, which started at 10:00 AM and concluded at 1:25 PM.
In the meantime, SBI stock opened today at ₹816.00, touched an intraday high of ₹834.00, and dipped to a low of ₹815.30 during the session. SBI's 52-week high stands at ₹899.00, while the 52-week low is ₹680.00.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gov.Education Announces 799 eLearning Courses Created and Published
Gov.Education Announces 799 eLearning Courses Created and Published

Associated Press

time8 hours ago

  • Associated Press

Gov.Education Announces 799 eLearning Courses Created and Published

Achieves Major Milestone, Accelerates and Democratizes Development of Federal Courseware ' was designed to eliminate complexity and accelerate courseware development.'— Joe Gorup, CEO, CourseAvenue HOT SPRINGS, AR, UNITED STATES, July 24, 2025 / / -- the cutting-edge eLearning platform by CourseAvenue, today announced a significant milestone: the publication of its 799th course. This achievement underscores rapid expansion and commitment to providing comprehensive and compliant training solutions for federal, state, and local government agencies. A Growing Resource for Government Workforce Development Built on CourseAvenue's robust technology, offers a centralized environment for workforce development and regulatory training. The platform's rapidly growing course library, now featuring 799 distinct courses, addresses critical needs in areas such as cybersecurity, DEIA, workplace safety, and professional development, all aligned with federal requirements. 'The publication of our 799th course is a testament to the dedication of our team and our commitment to serving government agencies,' said Joe Gorup, CEO and Founder of of CourseAvenue. ' was designed to eliminate complexity and accelerate courseware development, and this milestone demonstrates the incredible depth and breadth of training resources now available to government teams.' Key Features Powering this Growth: Ready-to-Deploy Course Library: A continually expanding catalog of compliance and professional development courses. Seamless LMS Integration: SCORM-compliant exports ensure easy connectivity with existing systems like Blackboard, Moodle, and Cornerstone. Analytics & Reporting: Detailed performance dashboards and SCORM/AICC data to track engagement and outcomes. The Studio Advisor tool quickly transforms policy documents and raw content into structured training modules. Accessible: native support for Section 508 and WCAG 2.x accessibility standards, helping agencies meet federal mandates. About CourseAvenue CourseAvenue provides enterprise-grade eLearning solutions focused on accessibility, compliance, and scalability. With its CourseAvenue Studio elearning authoring environment and Deliver+ LMS, the company serves government, healthcare, and enterprise clients worldwide. Learn more at Ben Bradley CourseAvenue email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

ETF Wave Hasn't Crested Yet, Tidal Co-Founder Says
ETF Wave Hasn't Crested Yet, Tidal Co-Founder Says

Yahoo

time9 hours ago

  • Yahoo

ETF Wave Hasn't Crested Yet, Tidal Co-Founder Says

Tidal Financial Group had quite a different name when it was founded in 2012. Back then, it was called Toroso, which means 'bull' and 'bear' in Spanish. Now, the New York City-based firm has found success as a third-party service provider that helps build and manage exchange traded funds, and its list of clients keeps growing. Co-founder and Chief Investment Officer Michael Venuto sat down with ETF Upside to talk about the company's roots and what excites him about the future of the business. READ ALSO: Gimme an S&P 500 ETF, Hold the Dividends and Why the SEC Delayed In-Kind Redemptions for Crypto ETFs ETF Upside: Tell us a bit about how Tidal got started and the changes it's been through. Michael Venuto: The idea was to sell SMAs of ETFs — that was very popular back then. I raised some money to start the firm, and I thought all these relationships that I've had for all these years are just going to be like, 'Yeah, Mike — great. Let's do this.' And they didn't. They all said, 'Come back when you have X amount of dollars and when you have a three-year track record.' So we pivoted a bit and said, 'We've got all this great research that's helping us build our portfolios. Could that help asset managers sell their products?' And that's the direction the firm went into the next three or four years. That became a business. It kept the lights on, and we went from not paying ourselves to paying ourselves a third of what we made before we started the firm. Direxion's then-Chief Operating Officer Eric Falkeis said, 'What if I came over there and helped you build the trust? And therefore we could help people grow their assets, but have a carry in the business by being a service provider to them.' Very quickly we got some traction. We got SoFi as a client early on. We got this group, RPAR, that has the Risk Parity ETF. We got this Sharia-compliant manager that nobody had ever heard of, but all of a sudden they're launching ETFs and growing like a weed. It was pretty exciting times. Then it just became about execution. That business model, from 2018 to today, has grown from $1 billion to $36 billion. Today we oversee 230 ETFs and have 76 relationships and 130 employees. It's been an overnight success after 13 years. There are now more active ETFs in the US market than passive ones, thanks in part to the many niche and single-stock products out there. What are your thoughts on that trend? It was a foregone conclusion 10 years ago that there were going to be more ETFs than actual stocks. The way things have come out is different. It's pretty frothy right now. We have this metric that we post each week, the open-to-close ratio, and it's close to five right now, meaning for every five ETFs that launch, only one is closing. Industry health is usually around two. But, we've moved upmarket. We're not really dealing with your day-to-day, call it 'ETF entrepreneur' so much anymore. I think they've learned the lesson that it's really hard. The clients that we're dealing with now tend to be people who already have assets and are just looking to move them towards a better structure. How many ETFs do you think the market can handle? You've still got three times the amount of mutual funds that you do with ETFs. A lot of people are using these ETFs as solutions for their existing business. It's not like there's new assets — it's just putting them into a more efficient vehicle. We're seeing a lot of requests for conversions. What would the advent of dual share classes, pending SEC approval, mean for Tidal? I just attended this founder summit, this was like 30 of the founders in the ETF industry. We probably spent an hour and a half on this subject. The conclusion is that it's going to be good for a few people, but the pipes aren't really there to make this easy for everybody to do. I think this is going to be a boon for DFA or anyone who hasn't fully converted things, anybody who's got both a broker-dealer and the captive assets — that's one of the big benefits Vanguard's always had with this. People have been able to easily switch from the mutual fund to the ETF without taking a tax gain. Any mutual fund shop that is going to have a share class in an ETF, they need to either hire a capital markets team that understands how to deal with all these things, or hire Tidal. This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Understanding ADA Compliance: Essential for Business Success
Understanding ADA Compliance: Essential for Business Success

Time Business News

time9 hours ago

  • Time Business News

Understanding ADA Compliance: Essential for Business Success

In today's world, ensuring that your business is ADA compliant is not only a legal requirement but also a moral obligation. The Americans with Disabilities Act (ADA) was established to prevent discrimination based on disability and to guarantee that individuals with disabilities have the same opportunities as everyone else. This blog will delve into the importance of ADA compliance, the steps to achieve it, and the benefits it brings to businesses and society. ADA compliance refers to the adherence to the standards set forth by the Americans with Disabilities Act of 1990. This federal law mandates that public and private spaces, including businesses, be accessible to individuals with disabilities. The ADA covers a wide range of areas, including employment, public accommodations, transportation, and telecommunications. Physical Accessibility: Ensuring that physical spaces such as entrances, restrooms, and pathways are accessible to individuals with mobility impairments. Communication Accessibility: Providing accessible communication methods, such as sign language interpreters, closed captioning, and accessible websites. Employment Practices: Implementing non-discriminatory hiring practices and providing reasonable accommodations for employees with disabilities. Public Services: Making public services and facilities accessible to all individuals, including those with disabilities. Businesses that fail to comply with ADA regulations can face significant legal repercussions. Non-compliance can result in lawsuits, fines, and damage to the business's reputation. Therefore, ensuring ADA complaint is crucial to avoid these legal issues. ADA compliance promotes inclusivity and accessibility, allowing individuals with disabilities to participate fully in society. By making your business ADA compliant, you are ensuring that everyone, regardless of their abilities, can access your services and facilities. An ADA-compliant business provides a better customer experience. When customers feel welcomed and accommodated, they are more likely to return and recommend your business to others. This can lead to increased customer loyalty and positive word-of-mouth marketing. Employees with disabilities who work in ADA-compliant environments are more likely to be productive and satisfied with their jobs. Providing reasonable accommodations and an inclusive workplace fosters a positive work culture and boosts employee morale. The first step towards ADA compliance is to conduct a thorough audit of your business premises and practices. This involves assessing physical spaces, communication methods, and employment practices to identify areas that need improvement. Based on the audit results, implement the necessary changes to ensure ADA compliance. This may include modifying physical spaces, updating communication methods, and revising employment policies. It is important to prioritize these changes and address the most critical issues first. Training employees on ADA compliance is essential to create an inclusive and accessible environment. Educate your staff on the importance of ADA Website Compliance and how to interact with individuals with disabilities. Regular training sessions can help reinforce these principles and keep employees informed about any updates or changes. ADA regulations may change over time, so it is important to stay informed about any updates or revisions. Regularly review the ADA guidelines and consult with legal experts to ensure that your business remains compliant. By making your business ADA compliant, you are opening your doors to a larger customer base. According to the U.S. Census Bureau, nearly 1 in 4 Americans has a disability. Ensuring accessibility means that a significant portion of the population can access your services and products. An ADA-compliant business is seen as socially responsible and inclusive. This can enhance your brand reputation and attract customers who value businesses that prioritize accessibility and inclusivity. ADA compliance goes beyond legal obligations; it reflects a commitment to creating a more inclusive and equitable society. By making your business accessible to individuals with disabilities, you are contributing to a positive community impact and promoting social justice. Ensuring ADA compliance is not just about following the law; it is about creating a welcoming and inclusive environment for all individuals. By understanding the importance of ADA compliance and taking the necessary steps to achieve it, businesses can enhance their customer experience, improve employee morale, and avoid legal issues. Moreover, ADA compliance reflects a commitment to social responsibility and contributes to a more equitable society. CONTACT US to make ADA compliance a priority for your business and start realizing the many benefits it brings. TIME BUSINESS NEWS

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store