Reliance Jio Infratel Private Limited, which is owned 51 per cent by Tower Infrastructure Trust, an Infrastructure Investment Trust, and rest by Reliance Industries, plans to raise Rs 25,000 crore to fund its capital expenditure and retire old loans. This fund raising exercise is separate from Reliance Jio Infocomm Ltd, which is raising funds on its own from both domestic and overseas markets.

The market ended flat after a volatile trading on Wednesday with the Sensex was up 22.77 points at 39,839.25, while Nifty closed 6.50 points higher at 11,916.80.

Indiabulls Housing, IndusInd Bank, ITC, Zee Entertainment and Grasim Industries were among major gainers on the Nifty, while losers were Eicher Motors, GAIL, Tech Mahindra, Vedanta and Dr. Reddy's Labs.

For all those who are looking for jobs in banks, there is some good news for them. Private sector lender HDFC Bank is looking to hire 5,000 professionals in next 2-3 years. On Wednesday, HDFC Bank along with Manipal Global Academy of BFSI has launched a future bankers programme for training and grooming candidates and a job opportunity at the private sector lender on completion of the course.

AFTER the Finance ministry shot down a proposal by Sebi to remove the Reserve Bank of India (RBI) nominee on its board, the capital market regulator has now changed tack and instead sought a place on the RBI board. It has suggested that the RBI Act, 1934, be amended to provide a seat on the board of the banking regulator.

Vodafone Group Plc switched on the U.K.’s second 5G wireless network on Wednesday, kicking off a commercial battle with dominant rival EE that could shape a decade of sales.

The technology’s faster download speeds and more reliable connections give the first movers an opportunity to snatch a bigger share of a saturated market. Back in 2012, EE — now owned by BT Group Plc — launched 4G services almost a year ahead of the pack, an edge that cemented its position as the U.K.’s largest mobile carrier.

With an eye on potential markets like India, Korean auto giant Hyundai Motor Group on Wednesday announced the world’s first continuously variable valve duration (CVVD) engine technology to feature in future Hyundai and Kia vehicles.

CVVD optimises both engine performance and fuel efficiency while also being eco-friendly.

The Indian Rupee will now be accepted for transaction at all airports in Dubai, according to a leading newspaper in the United Arab Emirates.

The acceptance of Indian currency is good news for tourists from that country as earlier they lost a sizeable amount due to exchange rates, sources said.

A federal court ruling that Amazon.com Inc. can be held liable for a dog collar sold on its website that partly blinded a woman could complicate the online merchant’s business if it is applied broadly.

The Third Circuit Court of Appeals, in Philadelphia, overturned a judge’s decision that Amazon was shielded under the Communications Decency Act, which protects online businesses from lawsuits over the postings of their users.

Iran's President warned that Tehran will increase its enrichment of uranium to "any amount that we want" beginning on Sunday, putting further pressure on European nations to save its faltering nuclear deal and offer a way around intense US sanctions.

President Hassan Rouhani's threat, combined with Iran surpassing the stockpile limits of the 2015 atomic accord, could narrow the estimated one-year window it would need to produce enough material for a nuclear weapon, something Iran denies it wants but the deal sought to prevent.

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a volatile note Wednesday as investors turned jittery on weak domestic and global cues amid continued foreign fund outflow.

After swinging nearly 200 points in the first half hour of the session, the 30-share index was trading 29.49 points, or 0.07 per cent, higher at 39,845.97 at 0945 hours. Similarly, the broader Nifty was quoting 6.60 points, or 0.05 per cent, up at 11,916.90.

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