Page 5 - Jio Financial Services

Jio Finance looks to postpone debt offering to FY26 amid elevated yields

The company, a wholly-owned unit of Jio Financial Services , had issued its maiden commercial paper (CP) last week, and had plans to issue its first bond before the end of March

Allianz, Jio Financial strike deal for insurance business in India

Allianz is aiming for a majority stake in the venture but is also open to securing governance rights with a path to taking control in the future, the report said

Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

"There are few days left in the financial year (FY25). Liquidity conditions will ease and after the rate cut, yields will soften," a source said

Allianz SE eyes partnership with Jio Financial after ending $2.8 billion JV

German firm Allianz may join hands with Mukesh Ambani-led Jio Financial Services as it seeks fresh entry into India's life and general insurance sector

Jio Finance taps debt market with debut CP issue before bond sale

The non-banking finance company has issued three-month CPs at a yield of 7.80 per cent and accepted bids worth ₹1,000 crore ($114.95 million)

Jio Financial to acquire SBI stake in Jio Payments Bank for Rs 104.5 crore

The acquisition is subject to the approval of the RBI and is expected to be completed within 45 days post receipt of RBI approval

Jio Financial up 3%; to acquire 79 mn shares of Jio Payments Bank from SBI

Jio Financial currently holds 82.17 per cent of the paid-up equity share capital of Jio Payments Bank Limited, a joint venture of the company and State Bank of India (SBI)

Jio Financial share price hits record low on Monday, dips below Rs 200 mark

Jio Financial share price: Over the past one month, Jio Financial stock has crashed 10.99 per cent; in three months, the stock has tumbled 36.18 per cent; and in one year 32.64 per cent

Zomato, Jio Fin, Britannia, BPCL trade lower after NSE announces rejig

NSE indices rejig is part of a semi-annual review, the removal of Britannia and Bharat Petroleum Corporation from the flagship Nifty 50 index will lead to selling pressure of over Rs 2,000 crore

BlackRock Veteran Swaminathan to lead its venture with Jio Financial

London-based Swaminathan, a 20-year veteran at the world's largest asset manager, is joining Jio BlackRock Asset Management as the money manager

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