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Reliance Jio has secured a loan of about $2 billion, one of India s largest offshore loans in FY24. The loan, arranged by HSBC, will be used to fund the purchase of 5G network equipment from Nokia. Finnish export credit agency Finnvera is believed to have provided insurance coverage for the deal, reducing Jio s overall funding costs. ....
New Delhi, JioAirFiber could unlock a US$7-10 billion revenue opportunity as it could spur broadband adoption among 85 million Pay-TV homes that do not have ....
The stock has been a laggard and underperformed not just the sector but also the Nifty index, giving negative returns of 0.70% over the past 12 months. While the Nifty Auto index has rallied 24% during this period, the broader Nifty50 has yielded 15% gains. ....
China-exposed luxury stocks such a LVMH and Kering shed 0.6% and 2.0%, respectively, amid continued concerns about growth in the world s second-largest economy. ....