JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business
Stocks to watch on May 31: Swan Energy reported a decline in profit by 10.5 per cent year on year (Y-o-Y) to Rs 55.5 crore as against Rs 62.1 crore in Q4FY23
Key features of the application include instant digital account opening and streamlined bank management with the "Jio Payments Bank Account" feature
The app's future plans include broadening the loan offerings, initially focusing on mutual fund loans and eventually branching out to include home loans
While Jio has fronted the highest earnest money deposit, it is not expected to bid the most
Reliance Retail is a step-down subsidiary of Reliance Industries Ltd. RIL holds 83.56 per cent in Reliance Retail Ventures Ltd
Under the proposed deal, the JFS unit called Jio Leasing Services will buy telecom equipment and devices that usually include routers and cell phones
Plans to allow upto 49% foreign ownership; Move could be aimed at tapping overseas funds
Caution advised at Ambani and Adani group stocks, as Reliance, Jio Fin, Adani Enterprises and Adani Ports trade at key support levels, show technical charts.
Jio Financial Services on Monday said the Ministry of Corporate Affairs has accorded its approval for the appointment of Hitesh Kumar Sethia as managing director and chief executive officer of the company. The appointment effective from November 15, 2023, is valid for three years, Jio Financial Services said in a regulatory filing. The approval letter was received by the company on April 24, 2024, it said.
Jio Financial Services Ltd has been actively recruiting talent as part of its expansion effort
Stock market highlights on April 22: Among sectors, the Nifty PSU Bank index rallied 3.3 per cent, the Nifty Realty 1.12 per cent, and the Nifty Pharma index 1.5 per cent
On Friday, the company, which listed in August 2023, reported a net profit of Rs 311 crore for the January-March quarter of FY24. This was a 6 per cent increase from Rs 294 crore
The total income of the entity, which is a holding company for businesses including lending, insurance broking, asset management etc., rose to Rs 418 crore in Q4FY24 from Rs 414 crore in Q4FY23
Jio Financial Services shares on Friday ended 2.17% lower at Rs 370 on BSE
The incorporation of a brokerage firm by the joint venture will follow the launch of its wealth management company
Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front
The company led by Mukesh Ambani, on Monday announced that it intends to enter the stockbroking and wealth management sectors through a joint venture with US-based BlackRock
Stocks to watch on Tuesday, April 16, 2024: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hind Copper, India Cement, Metropolis, National Aluminium, PEL, SAIL and Zee are the 11 stocks in F&O ban today.
The two firms had earlier inked a tie-up in July 2023 to step into the over Rs 50 trillion mutual fund market in India