Tag: bond

  • SBI raises Rs 3,717 crore via bond issuance

    SBI raises Rs 3,717 crore via bond issuance

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    Delhi: The State Bank of India (SBI), the country’s largest lender, has raised Rs 3,717 crore through its third Basel III compliant Additional Tier 1 bond issuance in the current financial year on Wednesday, at a coupon rate of 8.25 per cent.

    The proceeds of the bonds will be utilised in augmenting Additional Tier 1 Capital and the overall capital base of the bank and strengthening capital adequacy in accordance with RBI guidelines.

    The tenor of these bonds is perpetual with a call option after 10 years and every anniversary thereafter.

    The issue attracted an overwhelming response from investors with bids of Rs 4,537 crores and was oversubscribed by about 2.27 times against the base issue of Rs 2,000 crore, a statement issued by the SBI said.

    The total number of bids was 53, indicating wider participation. The investors were across provident & pension funds and insurance companies, the statement added.

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    ( With inputs from www.siasat.com )

  • Indian ragas gave birth to the iconic theme tune of James Bond 007 films

    Indian ragas gave birth to the iconic theme tune of James Bond 007 films

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    Most of us have watched James Bond films. And we have also heard the iconic theme tune that introduces Bond to the audience. The tune is full of suspense and foreboding. But not many people know that the memorable tune has its origins in a work of fiction connected with Indian culture. The man who first wrote the tune was a British composer, musician and singer named Monty Norman. He wrote the tune for the very first Bond film titled Dr. No and thereafter it was used, sometimes with slight variations, in every James Bond film.

    As the Bond films grew in popularity throughout the world, the tune became one of the most recognised themes on the planet. What makes the James Bond theme so appealing is its ability to evoke a sense of excitement and danger. The pounding rhythm and gradually soaring melody create a sense of excitement and anticipation, hinting at the fast paced action sequences that are to follow on the screen.

    Monty Norman has said that the James Bond tune was inspired by “Good Sign, Bad Sign”, a song that he himself composed for a musical stage adaptation of V.S. Naipaul’s novel A House For Mr. Biswas. The novel was set among the Indian community in Trinidad. In brief, the story was about a man named Mohun Biswas, an Indian living in Trinidad, who has married into a wealthy family but ends up being dominated by his in-laws.

    When Monty Norman was approached to compose a song for the stage show of the novel, the composer decided to rely heavily on an Indian theme and ambience. Since the story was about the Indian community settled in Trinidad, he composed a tune with a very heavy Indian influence and sound complete with sitar and tabla. The song was titled Good Sign, Bad Sign.

    Later, when Monty Norman was roped in to compose the theme for the first James Bond film, he suddenly had a bright idea of presenting the same tune with a few minor changes.

    But even after the changes, Monty Norman’s tune sounded too Indian and the producers felt that it may not be appreciated by a worldwide audience. So they requested another composer named John Barry Prendergast to rearrange the tune. So John Barry made a few more changes and it clicked. It was then included as the theme in the first Bond film titled Dr.No starring Sean Connery and Ursula Andress. The film became a blockbuster and Connery shot to fame as the master spy James Bond, secret agent 007.

    After the runaway success of Dr.No, Barry was hired to compose and perform eleven of the next fourteen James Bond films and he did so with great success. So that is how a tune which was originally based on Indian ragas became one of the most popular theme tunes in the Hollywood film industry and was also recognised and welcomed by millions of James Bond fans across the world.

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    ( With inputs from www.siasat.com )

  • Netflix, Bumble partner to help users bond over TV shows

    Netflix, Bumble partner to help users bond over TV shows

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    San Francisco: Streaming giant Netflix and popular women-first dating app Bumble have teamed up to help users connect over popular TV shows.

    With the release of its weekly in-app question game “Netflix Nights In”, which asks users questions about a popular Netflix show, Bumble is putting the phrase “Netflix and Chill?” to the test, reports TechCrunch.

    In the new question game, users can compete against one another to see who can correctly answer every question.

    A recent Bumble survey found that about 78 per cent of users believe it is simpler to talk to matches when they have similar interests in TV and movies.

    Moreover, 72 per cent of survey participants admitted that they discuss movies and television shows when out on a date.

    The “Netflix Nights In” will start on January 30 and end on March 13.

    The question game will be available to Bumble users in the US, Canada and the UK.

    ‘Emily in Paris’, ‘Stranger Things’, ‘Squid Game’, ‘Selling Sunset’, ‘Love Is Blind’ and ‘Outer Banks’ are just a few of the shows that will be featured in each Monday’s quiz questions.

    Correct answers to each question will not be revealed until the user and their match vote on it.

    Each round will also include celebrities from the corresponding show, such as Amanza Smith from ‘Selling Sunset’, Alexa Lemieux from ‘Love Is Blind’ and Ashley Park from ‘Emily in Paris’.

    “When we’re getting to know someone, it’s human nature to try and find common interests. It gives you something to bond over and go beyond surface-level conversation,” Magno Herran, vice president of Marketing Partnerships at Netflix, said in a statement.

    “We love seeing people connect over Netflix shows and films and create their own communities around them. And with this partnership, we wanted to give people a way to find someone who gets them based on what they watch while leaning into ‘if you know you know’ Netflix references that have helped to spark many conversations,” Herran added.

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    ( With inputs from www.siasat.com )