Page 5 - Jio Financial Services

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash

A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25

Zomato, Jio Financial Services Nifty entry likely in March, says report

It added that two-wheeler major Hero MotoCorp might succeed in holding its position narrowly in the 50-share index

RBI action on unsecured lending warranted: Jio Financial chairman Kamath

"I think there is some sort of abuse of technology that is happening (by loan apps) and as a result, there is laxity in the whole process of lending"

Adani Energy, Jio Fin among 6 stocks with OI build-up ahead of F&O expiry

Adani Energy Solutions, Syngene, Jio Financial, CG Power, Persistent Systems and CAMS are the 6 derivative stocks with up to 14 per cent build-up in open positions 5 days ahead of the monthly expiry.

Jio Financial stock falls to over 11-month low; down 27% from Dec high

While the company's long-term prospects are promising, the volatility in earnings and the uncertain near-term outlook warrant a more cautious approach, according to analysts.

Jio Financial Services, BlackRock infuse Rs 117 cr in mutual fund company

Jio Financial Services Ltd (JFSL) on Tuesday said the company and its joint venture partner US-based BlackRock have infused Rs 117 crore in the mutual fund company. JFSL and BlackRock each have further subscribed to and have been allotted 5.85 crore equity shares of Rs 10 each of Jio BlackRock Asset Management Private Limited (a 50:50 Joint Venture between the company and BlackRock) aggregating Rs 117 crore, the company said in a regulatory filing. Jio BlackRock Asset Management Private Ltd submitted an application to SEBI, seeking approval. JFSL and BlackRock have made an initial investment of Rs 82.5 crore each in this entity. Another subsidiary Jio BlackRock Investment Advisers Private Ltd, a Joint Venture company of the company has informed that it has incorporated a wholly owned subsidiary named Jio BlackRock Broking Private Limited' on January 20, 2025 to carry on the business of broking subject to regulatory approvals. During the third quarter, Jio Financial Services Ltd's

Jio Financial Services, BlackRock joint venture sets up broking unit

The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"

Jio Financial JV enters stock broking biz; broking stocks fall up to 6%

Jio Financial broking business: Jio BlackRock Investment Advisers, a joint venture company between Jio Financial Services and BlackRock, entered the stock broking business

Jio Financial Services Q3 results: Net profit flat at Rs 295 crore

Jio Financial Services Ltd on Friday said its consolidated profit remained flat at Rs 295 crore for the third quarter ended in December 2024. The company had earned a consolidated net profit of Rs 294 crore in the same quarter of the previous fiscal, Jio Financial Services said in a regulatory filing. However, the consolidated net profit of the company stood at Rs 689 crore in the second quarter of the current fiscal. Total income increased to Rs 449 crore, from Rs 414 crore in the third quarter of the previous fiscal. Total expenses also witnessed a year-on-year increase at Rs 131 crore as compared to Rs 99 crore in the same quarter a year ago. For the nine months ended December, the company's net profit also improved marginally to Rs 1,296 crore as against Rs 1,294 crore in the same period a year ago. Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in the business of investing and financing, insurance broking, payment bank and payment aggregator and .

Q3 results today: Wipro, Tech Mahindra among 40 to post earnings on Jan 17

Q3 FY25 company results Jan 17: Wipro, Tech Mahindra, ICICI Lombard, Jio Financial Services, and SBI Life Insurance Company will release their earnings report for the Oct-Dec quarter today

Jio Finance plans first local debt market foray amid tightening RBI rules

However, Jio will borrow from the local currency debt market first to leverage its top credit rating, the people said. Crisil Ratings graded its different debt facilities at AAA with a stable outlook

ITC Hotels' demerger to mirror Reliance Industries-Jio Financial playbook

ITC's spunoff unit to remain part of Sensex, Nifty for 3 days post-listing to help index funds navigate change

Jio BlackRock appoints George Heber Joseph as 1st chief investment officer

Joseph's appointment is among the first in the key positions of the AMC. The company is yet to announce a chief executive officer (CEO)

Lodha, TVS Motor: 5 rate sensitive shares to bet on ahead of RBI policy

Technical charts suggest that stocks like TVS Motor, Lodha, DLF, Jio Financial Services and Federal Bank can potentially rally up to 19 per cent from present levels.

Zomato, ATGL, Paytm: Should you buy these stocks as NSE approves F&O entry?

The NSE has approved the addition of 45 new stocks to the F&O; technical chart suggests that these 5 including the likes of Paytm, Zomato and Adani Total Gas can zoom up to 27% from present levels.

Fireside Chat KV Kamath, Independent Director and Non Executive Chairman, Jio Financial Services

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

No systemic risk in banking sector: Jio Financial Services' KV Kamath

Money leaving the banking system and entering the markets through unsecured lending, cautions Kamath at the Business Standard BFSI Insight Summit

Jio Financial Services launches SmartGold for digital gold purchase

Customers can redeem their SmartGold units for cash or physical gold anytime they wish

Jio Payment Solutions gets RBI greenlight for online payment aggregation

The authorisation, effective from October 28 permits JPSL to handle digital transactions in compliance with Section 7 of the Payment and Settlement Systems Act, 2007

Jio Financial in talks with Allianz SE to set up insurance JVs in India

The Munich-based firm has indicated to its current partner Bajaj Finserv Ltd. that it's "actively considering an exit" from the ventures, according to a statement from Bajaj on Tuesday