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A major review of the water industry also suggests compulsory smart meters and scrapping the regulator Ofwat.
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State Bank of India (SBI) on Monday said it has raised Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth.
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LIC increased its stake in SBI from 9.21% to 9.49% through participation in SBIs record Rs 25,000 crore QIP. The offering saw overwhelming interest, receiving bids worth Rs 1.10 lakh crore from 120 institutional investors globally.
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