Ambani’s Tele, Retail Conquests
RIL is first Indian company to cross ₹1 lakh crore in pre-tax profits as Jio, Reliance Retail emerge industry leaders.
jio financial services
September 2024
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December 2023
Jio Financial ups stake in Jio Payments Bank to 82.17%, stock surges
JFS recently also incorporated a subsidiary, Jio Finance Platform and Service, for distribution of financial products and allied services
Jio Financial incorporates subsidiary for distribution of financial products; stock gains nearly 2%
The development comes nearly a month after JFSL received approval from the RBI for conversion of the firm from NBFC to a core investment company.
Jio Financial shares slide over 2% as Q1 profit declines 6%
Snapping three sessions gaining streak, Jio Financial shares declined 2.4% to ₹346.80, while its mcap slipped to ₹2.20 lakh crore.
Jio Financial shares jump 2% on getting RBI's nod to become core investment company
On November 21, 2023, JFSL had submitted an application to the RBI for the conversion from a NBFC to a core investment company.
Jio Financial Services launches beta version of JioFinance app
JioFinance plans to offer loans on mutual funds and then progress to home loans.
Jio Financial up 4% post Q4; RIL shares edge higher ahead of earnings
Reliance Industries is slated to release its March quarter earnings post-market hours today.
Jio Financial shares zoom 14% to hit new record high, rally 44% in last one month
On Friday, JFS shares rose as much as 14.5% to hit a new all-time high of ₹347, while the market capitalisation increased to ₹2.07 lakh crore.
Jio Financial shares plunge 6% post 56% fall in Q3 profit
JFS' income fell 31.9% to ₹414 cr compared to ₹608 cr in Q2 and ₹404 cr in Q1
Catching The NBFC Wave
Just why NBFC is the latest holy grail in financial services.
