Page 3 - Jio Financial Services

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

Jio Fin Services zooms 4% on healthy Q4 numbers; profits rises 9%

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

Jio Financial Services Q4 results: Net profit up 5.8% to Rs 311 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 Q4 results: Net profit jumps 6% to Rs 311 crore

Jio Financial Services shares on Friday ended 2.17% lower at Rs 370 on BSE

Jio Financial shares rally after company announces JV with BlackRock

The incorporation of a brokerage firm by the joint venture will follow the launch of its wealth management company

Should you subscribe to Vodafone Idea FPO? Analysts weigh in

Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front

Jio Fin Services zooms 5% on announcing new broking, wealth management biz

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 today: Jio Financial, Cipla, Vi, Brigade, Vedanta, Aster DM

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.

Jio Financial-BlackRock JV to launch wealth management, broking business

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

Jio Financial, Blackrock form JV to set up wealth management, broking biz

Jio Financial Services, part of billionaire Mukesh Ambani led-Reliance Group, and BlackRock formed a 50:50 joint venture to launch asset management services in India in July 2023

Jio Fin's arm invests Rs 2.5 cr in Reliance International Leasing IFSC Ltd

Jio Financial Services on Thursday said its subsidiary Jio Leasing Services and its nominees have made an initial investment of Rs 2.50 crore in newly-incorporated Reliance International Leasing IFSC Ltd (RILIL). Incorporated on February 1, RILIL is a 50:50 joint venture between Jio Leasing and Reliance Strategic Business Ventures Ltd, an arm of Reliance Industries. "Jio Leasing Services Ltd (JLSL)... along with its nominees invested an amount of Rs 2.50 crore towards the initial subscription of 25 lakh equity shares of Rs 10 each of RILIL, for cash at par," Jio Financial Services said in a BSE filing. JLSL is a subsidiary of Jio Financial. RILIL will be engaged in the business of operating lease of ships, vessels and voyage charters in International Financial Services Centre (IFSC) located at International Finance Tec-City (GIFT City), Special Economic Zone (SEZ), Gujarat. Shares of Jio Financial Services were trading Rs 355.70, up 1.50 per cent from previous close on the BSE.

Jio Financial Services invests Rs 40 crore capital in leasing arm JLSL

Jio Financial Services on Tuesday said it has invested Rs 40 crore in its wholly-owned subsidiary Jio Leasing Services Ltd (JLSL) which has been formed for undertaking leasing of movable assets activity. The company on Tuesday subscribed to 4,00,00,000 equity shares of Rs 10 each of JLSL for cash at par aggregating Rs 40 crore for its business purposes, Jio Financial Services said in a regulatory filing. "No governmental or regulatory approvals were required for the above transaction," it said. The subsidiary will be engaged in the business of leasing of all types of movable assets, it added.

Jio Financial rallies 8%, hits new high on heavy volumes in weak market

In the past two months, the stock price of JFS has appreciated by nearly 50 per cent

Stocks to watch: Jio Fin, Vedanta, Info Edge, Asian Paints, Swan Energy

Stocks to watch on March 04, 2024: Jio Financial Services is the sole addition to the S&P BSE Large Cap, as revealed by the Bombay Stock Exchange

Mukesh Ambani's Jio Financial Services market cap tops Rs 2 trillion

Market players expect Jio Financial, which also operates a payments bank and voice box, and other fintech players to benefit as Paytm will struggle to retain its merchants and customers

Jio Financial market cap crosses Rs 2 trillion; surges 20% in one week

Shares of Jio Financial hit a record high of Rs 325 in intra-day deals on Friday backed by near two-fold jump in trading volumes on the BSE.

Paytm chief meets RBI for clarity on transferring wallet, FASTag biz

Regulator told Paytm Payments Bank last week to stop accepting new deposits in its accounts and digital wallets from March 1

Sensex surges 455 pts, Nifty tops 21,900; IT index jumps 3%, YES Bank 12%

Stock market highlights on February 6, 2024: The Nifty Auto, Metal, and Pharma added over 1 per cent each

Paytm denies being in talks with Jio Financial to sell its wallet biz

This marks the third clarification issued by Paytm through exchange filings in just over two days

Jio Financial Services denies being in talks to acquire Paytm's wallet biz

Paytm news: Earlier, a media report had stated that JFSL and HDFC Bank were frontrunners to buy Paytm's wallet business