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The Economic Times

Moving Averages Updates: Jio Financial Services Surpasses 100-Day SMA, Signaling Positive Market Momentum

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The Economic Times

Jio to global giants scramble for big wealth pile-up of India's rich

India's wealth management sector is booming with local and global companies competing for a share. UBS Group AG is exploring partnerships, while Sanlam Ltd. and Jio Financial Services are entering the market. The sector's growth is driven by rising high-net-worth individuals, asset appreciation, and income growth, despite a talent shortage.

Mint

Stocks to Watch: Jio Financial Services, SpiceJet, Ola Electric Mobility, PNB Housing, Mazagon Dock and more

Here’s a quick look at stocks likely to be in focus in today's trade.

Mint

BlackRock Advisors Singapore and Jio Financial forms India advisory JV; pledges ₹3 crore for initial subscription

BlackRock Advisors Singapore Pte. Ltd. and Jio Financial Services have formed a joint venture to launch a company named Jio BlackRock Investment Advisers Private Limited on September 6 to carry out the primary investment advisory business in India, as per the company filing on BSE. 

The Economic Times

Jio Financial forms JV with BlackRock Advisors Singapore; to invest Rs 3 crore towards initial share subscription

Jio Financial Services and BlackRock Advisors Singapore have formed a joint venture named Jio BlackRock Investment Advisers Private Limited. Jio Financial will invest Rs. 3 crore in the venture. The company has received approval to increase foreign investment to 49%. This move aims to expand its fintech operations in India.

Mint

Stocks in focus: Ruchit Jain of 5paisa recommends buying Jio Financial Services, and Aditya Birla Capital today

Stocks in focus: Ruchit Jain of 5paisa has recommended two stocks today - Jio Financial Services Ltd, and Aditya Birla Capital Ltd.

CNBC TV18

LTIMindtree, ICICI Prudential, Airtel, Asian Energy Services and more: Top stocks to watch out for on August 28

Stocks to watch, LTIMindtree, ICICI Prudential, Airtel, Asian Energy Services, Jio Financial Services, Zydus Lifesciences, Awfis Space Solutions, UPL, Carysil and more, these are the stocks to watch for today.

CNBC TV18

Jio Financial raises stake in Jio Payments Bank to 82.17% with fresh investment

Jio Financial Services has raised its stake in Jio Payments Bank to 82.17% after subscribing to equity shares worth ₹68 crore.

The Economic Times

Jio Financial Services gets nod to raise foreign investment limit to 49%

Jio Financial Services Ltd has been granted approval to raise its foreign investment limit to 49%. Foreign investors currently hold 17.55% of the company's shares. The company's net profit fell 6% in the first quarter ending June. Jio Financial introduced new services such as mutual fund loans and auto insurance in July.

CNBC TV18

Jio Financial Services gets approval to increase foreign investment limit to 49% equity

In May 2024, the Mukesh Ambani-owned company had sought shareholder approval to enable foreign investments, including FPIs, up to 49% through equity.

Mint

Jio Financial Services shares dip 3% on tepid Q1 results; should you buy?

In the reported quarter, total revenue from operations amounted to ₹418 crore, marking a 0.9 per cent increase from ₹414 crore in the same period last year.

Business Line

Jio Financial Services Q1 profit dips 6%; shares slip over 2%

The company recently received approval to operate as a Core Investment Company (CIC).

Business Standard

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

The Economic Times

Jio Financial Services Q1 results today: shares climb ahead of announcement

Jio Financial Services shares rose 2% to Rs 355 on the BSE before Q1 FY25 results and RBI's CIC conversion approval. Q4 FY24 net profit was Rs 311 crore, revenue Rs 418 crore. FY24 net profit hit Rs 1,604 crore. Application to RBI in November 2023 after demerging from Reliance Industries Limited, RSI currently at 46.8 per Trendlyne data.

The Economic Times

Jio Financial Services gets RBI nod to become core investment company

The Reserve Bank of India on Thursday evening approved Jio Financial's conversion from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC), the company said in a filing.

The Economic Times

Jio Financial, Zomato can win Nifty ticket as Sebi tweaks F&O rules

Sebi has enhanced derivatives market criteria to ensure robust regulation and investor protection. Changes include higher thresholds and evaluation frameworks for stock entry and exit, promoting market vibrancy and stability. These upgrades may lead Jio Financial Services and Zomato to join Nifty50.

The Economic Times

Vodafone Idea in talks with Samsung to expand 4G networks, roll out 5G

Vodafone Idea (Vi) has initiated 5G trials in three network circles using Samsung's virtual Radio Access Network (vRAN) technology on a non-standalone architecture. The trials, aimed at expanding its 4G and introducing 5G services, took place in Chennai, Karnataka, and Bihar. Despite its financial challenges and lagging behind rivals Airtel and Jio in 5G rollout, Vi fulfills its 5G spectrum obligations from the 2022 auction with these trials.