Page 2 - Jio Financial Services

Jio Financial secures approval to raise foreign investment cap to 49%

In May 2024, the company sought shareholder approval to raise the foreign investment threshold to 49% as part of a strategic initiative to attract significant foreign capital

JFSL to shape prosperous, inclusive financial future for India: Ambani

Jio Financial Services Ltd (JSFL) will lead the way in shaping a prosperous and inclusive financial future for India by focussing on technology and developing tailor made products, RIL Chairman and Managing Director Mukesh Ambani said. JFSL is a subsidiary of Reliance Industries Ltd (RIL). It is engaged in the business of investing and financing, insurance broking, payment bank and payment aggregator and payment gateway services. In a message to shareholders, Ambani said the company's focus remains firmly on innovation, growth, and fostering financial literacy across the nation. "We are expanding our portfolio of services, elevating user experience, and harnessing the power of cutting-edge technology to simplify and personalise financial management for our valued customers," he said in the inaugural Annual Report of JFSL released on Thursday. The mission is to revolutionise the way financial services are delivered and experienced in India and the company has laid a strong foundatio

Go cashless in Paris: JioFinance app forays into international segment

Visa, the official payments partner of the Olympic Games Paris 2024, has partnered with JioFinance for its presence at India House

Olympics fever: Indians can experience Paris cashless now with JioFinance

Jio Financial Services on Tuesday launched its JioFinance app internationally in Paris, coinciding with the Olympic Games. This is a strategic move to cater to the influx of visitors, especially India

LVMH-backed L Catterton seeks Sebi approval for Rs 4,000 crore India fund

US-based private equity firm L Catterton is likely to invest in India alongside its next Pan Asia dollar fund on a pro-rata basis

Jio Financial Services share price falls over 2% after tepid Q1FY25 results

Jio Financial share price update: At 11:40 AM, Jio Financial shares were down 2.18 per cent at Rs 347.5 as against 0.26 per cent rise in the benchmark BSE Sensex

Jio Financial Services Q1 results: Net profit down 5.72% at Rs 313 crore

Interest income was down 19.8 per cent to Rs 162 crore in Q1FY25 as against Rs 202 crore in Q1FY24

Jio Fin, Zomato part of Nifty50? List of likely F&O inclusions, exclusions

Market regulator Sebi tweaked the selection criteria for stocks to join and exit the derivatives (F&O) segment on Thursday, June 27

Reliance shareholders approve retail unit's $4 bn lease to Jio Financial

JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business

Swan Energy, Suven Pharma, Jio Fin among eight stocks to watch on May 31

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

Jio Financial Services launches 'JioFinance' app in beta version

Key features of the application include instant digital account opening and streamlined bank management with the "Jio Payments Bank Account" feature

JioFin launches beta version of JioFinance app, to offer UPI, digi banking

The app's future plans include broadening the loan offerings, initially focusing on mutual fund loans and eventually branching out to include home loans

Spectrum auctions: Bharti Airtel likely to edge past Reliance Jio

While Jio has fronted the highest earnest money deposit, it is not expected to bid the most

Jio Financial Services arm plans Rs 36K crore deal with Reliance Retail

Reliance Retail is a step-down subsidiary of Reliance Industries Ltd. RIL holds 83.56 per cent in Reliance Retail Ventures Ltd

Jio Financial Services plans $4.33 billion deal with Reliance Retail

Under the proposed deal, the JFS unit called Jio Leasing Services will buy telecom equipment and devices that usually include routers and cell phones

Jio Financial Services seeks shareholders' nod to increase FPI legroom

Plans to allow upto 49% foreign ownership; Move could be aimed at tapping overseas funds

How to trade Ambani, Adani stocks before Lok Sabha election outcome?

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.

MCA clears appointment of Hitesh Kumar Sethia as Jio Financial MD for 3 yrs

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 set to hire StanChart India consumer banking head Kusal Roy

Jio Financial Services Ltd has been actively recruiting talent as part of its expansion effort

Stock Market Highlights, April 22: Sensex sprints 560 pts, Nifty tops 22,300 in broad relief rally

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