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25 June 2024: India Business News Highlights (Last 24 Hours)
๐ŸŒŸ 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. ๐Ÿ’ผ 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. ๐Ÿ“ˆ 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. References: - NDTV Profit - Economic Times - Business Standard - Bloomberg Quint - Zee Business
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24-Jun-2024: India Business News Highlights (Last 24 Hours)
๐ŸŒŸ L&T Secures $120-300 Million Solar Project in Bihar ๐ŸŒŸ Larsen & Toubro (L&T) has won a significant contract to develop a 185 MW solar photovoltaic plant in Bihar, valued between $120 million and $300 million. This project highlights L&T's expanding footprint in the renewable energy sectorโ€‹ ๐Ÿ’ผ Amazon's $15 Billion Investment Plan in India ๐Ÿ’ผ Amazon has announced an additional $15 billion investment in India by 2030, bringing its total investment in the country to $26 billion. This move underscores Amazon's commitment to capturing the growing e-commerce market in Indiaโ€‹ ๐Ÿ“ˆ Foreign Investors Allocate $4.3 Billion to Indian Bonds ๐Ÿ“ˆ Foreign investors have allocated approximately $4.3 billion to Indian bonds ahead of their inclusion in the JPMorgan Emerging Market debt index. This reflects growing confidence in India's economic stability and attractive bond yields ๐Ÿš€ Adani Foundation's $110 Million Social Impact ๐Ÿš€ At the Adani Group's Annual General Meeting, Gautam Adani highlighted the Adani Foundation's social contributions, impacting 9.1 million people across 6,769 villages in 19 states with initiatives valued at around $110 millionโ€‹ ๐ŸŽ“ Leadership Change at Sony Pictures Networks India ๐ŸŽ“ Sony Pictures Networks India has appointed Gaurav Banerjee as the new Managing Director and CEO. This leadership transition is expected to drive strategic growth and innovation in the company's operationsโ€‹ ๐ŸŒ Aadifidelis Solutions Eyes Major Growth ๐ŸŒ BLS International's Joint MD, Shikhar Aggarwal, announced expectations of significant growth from Aadifidelis Solutions, with new contracts expected from European and North American markets. This expansion is set to bolster their global presence Ref: Zerodha & Business Today Stay tuned for more updates! ๐Ÿ“Šโœจ
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