25 June 2024: India Business News Highlights (Last 24 Hours)

🌟 India's Largest Private Bank Plans $2 Billion Capital Raise

HDFC Bank, India's largest private lender, has announced plans to raise $2 billion in capital through a qualified institutional placement (QIP). This move is aimed at strengthening its capital base and supporting future growth initiatives.

💼 Flipkart Expands Supply Chain Infrastructure with $500 Million Investment

Flipkart, a leading e-commerce company in India, is set to invest $500 million to enhance its supply chain infrastructure. This investment will focus on building new warehouses and improving logistics to meet the growing demand in the e-commerce sector.

📈 Reliance Jio to Launch $50 Billion 5G Network

Reliance Jio, India's largest telecom operator, is preparing to launch a $50 billion 5G network. This massive investment aims to revolutionise the telecommunications industry in India by providing faster and more reliable internet services.

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