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Billions of pounds of government borrowing could be spent on new infrastructure projects because of new self-imposed Treasury rules.
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Investors placed bids for 236 million shares worth 46,320 crore in the issue, against the 99.8 million shares worth 19,555 crore (excluding anchor allotment) offered by Hyundai Motor India's South Korean promoters. Earlier this week, the company raised 8,315 crore (roughly 30% of the IPO size) as part of the anchor allotment from 225 institutional investors.
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In Iceland scientists plan to drill down to magma to understand it and use it for energy production.
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