Citi Financial News

Reliance Jio Infocomm is in advanced talks with a clutch of bulge-bracket global banks to raise around $1-1.5 billion (₹8,200-12,330 crore) through an offshore syndicated loan. The funds will be used to buy 5G network gear from Sweden's Ericsson as India's biggest telecom operator looks to roll out next-gen mobile broadband services across the country by December 2023. The likes of HSBC, JP Morgan Chase and Citi among others are set to arrange an around 3-5 year loan for Jio, which is likely to be priced above the Secured Overnight Financing Rate (SOFR), a new global rate gauge, two people aware of the matter said.

Hero Realty Pvt Ltd (HRPL), one of India’s leading real estate developers, has announced the launch of its new brand, ‘Hero Earth’, dedicated for its premium plotted development projects. The company has also launched its project ‘The Ark’ in Sector 85, Gurugram.

Australia and New Zealand for FIFA Women’s World Cup, England will host Portugal Saturday for a friendly match. After reaching Australia, the Lionesses will take on Canada in another friendly match before the kick-off of the tournament. Sarina Weigman’s team will its first match against Haiti in Brisbane on July 22.

«The new Airport will be suitable for the operation of A-320/B-737 type of Aircraft and is being developed at the cost of Rs. 350 crores (approximately),» the ministry said. The development work includes an extension of the existing runway from 1500m X 30m to 2200m x 45m for the operation of Code -C type of aircraft under IFR condition, an Interim Terminal Building, an ATC Tower, a Fire Station, Car parking, new Apron for parking 03 nos.

Pakistan in badly needed relief to help bail out the impoverished country's ailing economy. The nine-month agreement must be approved by the IMF's Executive Board, which is expected to make a final decision in mid-July, a top IMF official, Nathan Porter, said in a statement late Thursday.

London's annual Pride Parade is set to make a vibrant return this weekend, commemorating 51 years since the city's first LGBTQ+ march. As part of Pride Month, the parade stands as a pinnacle event celebrating LGBTQ+ rights and raising awareness of pertinent issues. Last year's 50th-anniversary parade attracted an astounding one million participants, and this year's procession, slated for 2023, is expected to draw a significant crowd with over 30,000 participants from 600 organizations. The parade is scheduled to kick off on Saturday, July 1, promising a lively spectacle with rainbow flags adorning the city streets. Notably, chart-topper Rita Ora has confirmed her participation, gracing the stage at Trafalgar Square around 3:30 p.m. Her excitement for the event was evident as she shared the news with her followers on Instagram, expressing her enthusiasm for supporting the LGBTQ+ community.For those curious about the parade's route and seeking prime vantage points to partake in the festivities, here's what you need to know:

Nahel M, a 17-year-old young man from Nanterre, has triggered widespread riots in various French cities, reigniting conversations about police accountability and justice. Nahel, an only child raised by his mother, was known for his work as a takeaway delivery driver and his involvement in rugby league.

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Human Resources industry executives have noted that employees are willing to receive their salaries in Bitcoin (BTC), given the current hyperinflation and political conundrum in many regions worldwide.

HSBC Holdings PLC is planning to leave its Canary Wharf headquarters and downsize to a smaller office in the City of London, the latest sign of how a shift to flexible work is reshaping demand for offices.

In Quebec City, majestic stone fortifications have stood for hundreds of years, a monument to the days when French colonists erected them to keep out the enemy. Today, the city faces the opposite challenge — how to entice more outsiders to come in.

Financial professionals have a warning for their employers: Don’t ask me to come in to the office more often, or I’ll quit.

Ontario Municipal Employees Retirement System is nearing a deal to buy 20 per cent of a holding company that owns a stake in Toronto’s professional hockey and basketball teams, according to people familiar with the matter.

Nuvama Wealth Management will be deleted from the FTSE Global Smallcap index, effective July 5, FTSE Russell said in a release. Pursuant to its demerger from Edelweiss Financial Services, Nuvama Wealth Management shares have not started trading on the bourses, and there is no intimation on the commencement of trading date. Therefore, the global index aggregator decided to remove the company from the smallcap index.

A high court judge has given the green light for a probe into the City watchdog's decision to take no action over a regulatory compensation scheme which excluded thousands of individuals who might have otherwise claimed more than £1bn in compensation over mis-sold interest rate hedging products.

Brian Winterflood, MBE and founding member of Winterflood Securities, has died.

Samsung Electronics. In a handwritten letter to Reuters, his first comments to media since he was detained on May 25, Choi Jinseog elaborated on his defence plan and said the allegations against him regarding the Xian plant were not substantiated. Prosecutors earlier this month indicted the former Samsung executive for illegally obtaining secret information to build a semiconductor plant only 1.5 km (1 mile) from a Samsung factory in Xian, China.

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Citizens Financial, Core Laboratories, Concentrix, and Sonder.

Bubs Australia’s former board was aware that Citi had been appointed and what the terms of its mandate were as early as September 2020, emails show, contradicting claims made in documents lodged with the Federal Court as part of a lawsuit brought against two of its former executives.

IMD) has forecast heavy showers for isolated parts of different districts on Saturday and light to moderate rain on Sunday and Monday, he said. Normal life was thrown out of gear at several places in Junagadh, Jamnagar, Morbi, Kutch, Surat and Tapi districts due to heavy rains during the day, he said. Heavy waterlogging was witnessed in several towns and cities, while roads were closed in rural areas on Friday morning due a heavy spell, the official said.

Dubai property investment has become a lucrative venture over the years as it offers a plethora of opportunities for investors seeking a unique combination of high returns and low risk in a country with a stable economy, tax-free environment, and cosmopolitan lifestyle.