Page 5 - Jio Financial Services

Jio Financial set to launch suite of loan products to expand footprint

JFS plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market

Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM

Stocks to watch on Oct 17, 2023: HDFC Bank reported a 50 per cent jump in net in its first results after merger with HDFC; Jio Financial posted 100 per cent growth in net post demerger from Reliance.

Jio Financial Services' net profit doubles sequentially in Sept quarter

A R Ganesh appointed group chief technology officer

Jio Financial Services Q2 results: Net profit surges 101% to Rs 668 crore

Total income rose by 46.8% to Rs 608 crore from Rs 414 crore in Q1FY24. Expenses up by 32.7% at Rs 71.43 crore from Rs 53.81 crore quarter on quarter

After Reliance's entry into MF industry, Tatas evaluating bid for UTI AMC

It comes at a time when several new players have entered the market and consumers prefer real estate and bullion for investment

Is Bajaj Fin preparing to fight Jio Fin with fund raise? Analysts weigh in

The Board of Bajaj Finance is scheduled to meet next week to consider proposal for raising of funds through any or all of various methods including by way of preferential issue or QIP

LIC sells 2% shares in Sun Pharma via open market sale, stake now at 3.012%

The transaction was done via open market sale and the stake was sold between July 22 and September 13

Some active funds made hefty bets on Jio Financial amid ETF selling

The report is based on MF portfolio data of only the active market-cap based schemes like largecap, smallcap and multicap

Street Signs: MFs raise equity exposure, Jio effect on benchmarks, and more

Shares of RR Kabel were trading at a premium of 25-30 per cent in the grey market ahead of its initial public offering, which is set to open on September 13

Jio Financial Services to be excluded from NSE indices from Sept 7

Jio Financial Services Limited, the demerged financial services unit of Reliance Industries, will be excluded from various indices of NSE, including the benchmark Nifty 50, from September 7. Shares of Jio Financial got listed on the stock exchanges on August 21, after its spin-off from parent Reliance Industries. In accordance with the index methodology, as JIOFIN has not hit price band on two consecutive trading days on September 4 and 5 at NSE, the Index Maintenance Sub Committee (Equity) of NSE Indices Ltd has decided to exclude JIOFIN from various indices effective from September 7, 2023 (close of September 6, 2023), as per a statement by NSE Indices Ltd on Tuesday. "It may be noted that if JIOFIN hits the price band on September 6, the exclusion shall not be deferred further," it added. Apart from Nifty 50, the company will be excluded from Nifty 100, Nifty 200, Nifty 500, Nifty50 Equal Weight, among others. NSE Indices had in July announced inclusion of Jio Financial Service

Jio Financial recovers losses; EMS sets price band at Rs 200-211 for IPO

In the pre-IPO placement round, the Ghaziabad-based firm raised Rs 33.76 crore

BSE changes Jio Financial Services stock price band to 20% from 5%

Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE. The move would ensure stock prices do not fluctuate beyond a prescribed level during a session. Further, market experts believe that the stock will be out of the trade-to-trade segment next week. Apart from Jio Financial, the price band for nine companies, including RailTel and India Pesticides, has been revised to 10 per cent. A circuit filter mechanism is used by BSE to keep in check excessive volatility in a scrip. It is the maximum fluctuation that is allowed in a stock in a day. Additionally, the stock of Jio Financial was removed from all the BSE Indices, including the benchmark Sensex, on September 1. Shares of Jio Financial got listed on the stock exchanges on

Jio Financial Services to be removed from BSE Indices from September 1

Jio Financial Services (JFS) was initially scheduled for removal by August 23

Jio Financial hit upper circuit limit for 3rd straight trading session

Shares of Jio Financial Services Ltd (JFSL), the demerged financial services unit of Reliance Industries, on Wednesday touched its upper circuit limit for the third consecutive day. Jio Financial Services jumped by 4.99 per cent to close at Rs 232.70 apiece -- its upper circuit limit -- on the BSE. On the NSE, it climbed 4.99 per cent to hit its upper circuit limit of Rs 231.25 per share. The company commanded a market valuation of Rs 1,47,840.92 crore on the BSE. In volume terms, 72.41 lakh shares were traded on the BSE while 2.14 crore shares were traded on the NSE. The 30-share BSE Sensex and Nifty closed on a flat note at 65,087.25 points and 19,347.45 points, respectively, on Wednesday. During the Annual General Meeting (AGM) on Monday, Reliance Industries Chairman Mukesh Ambani announced that Jio Financial Services will enter the insurance segment to offer life, general and health insurance products. It will leverage 450 million mobile phone subscribers' base of the teleco

Reliance in talks with head hunters to find CEO for Jio's Insurance biz

Executives from Reliance have met several firms in recent weeks to help them map top talent across life, health and general insurance segments

Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM

Jio Financial to partner foreign firms for insurance foray, Mukesh Ambani said at the 46th RIL AGM.

Metal, power stocks help indices gain; Jio Financial stock rises 5%

Rising for a second straight day, the BSE Sensex rose by 79.22 points or 0.12 per cent to settle at 65,075.82, tracking firm global markets

RIL AGM: Jio Financial to partner foreign firms for insurance sector play

Company will offer general and health insurance products through 'seamless digital interface', says Mukesh Ambani

RIL AGM LIVE: Mukesh Ambani to remain CMD for 5 years, mentor new leaders

RIL AGM: From Mukesh Ambani's address to major announcements, check all the live updates and news related to Reliance's 46th annual general meeting here

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

At the 46th AGM of Reliance, chairman, Mukesh Ambani is expected to divulge information about JFSL's business and future plans