Jio Financial wants to convert to CIC from NBFC; seeks RBI’s nod
Jio Financial shares rise as much as 0.7% to ₹221.75 on the BSE, while the market capitalisation climbs to ₹1.4 lakh crore
jio financial services
November 2023
October 2023
September 2023
August 2023
Jio Financial Services shares rise on bond issue plan
The financial services arm of Reliance Industries is looking to raise up to ₹10,000 crore through its maiden bond issue.
RBI approves appointment of Isha Ambani, 2 others as Jio Financial directors
Shareholders of JFS parent RIL in October 2023 had approved appointment of Isha Ambani, her brothers Akash Ambani and Anant Ambani as the non-executive directors
Jio Financial Services Q2 profit doubles QoQ to ₹668 crore; revenue rises 48%
The total revenue of the NBFC arm of RIL jumped 48% on a sequential basis to ₹608 crore in Q2 FY24.
Jio Financial shares edge higher ahead of Q2 results
Shares of Jio Financial have given 5% returns since its listing on the BSE and NSE on August 21 after spending a month as a dummy stock on the exchanges since July 20.
Jio Financial to exit Nifty indices from Sept 7; stock snaps 6-session gaining streak
JFSL shares rise over 20% in the last six sessions after Mukesh Ambani, at RIL’s 46th AGM, announced that the company will soon enter India’s insurance segment.
Mukesh Ambani's Quantum Leap
India's richest businessman is ramping up investments in 5G, green energy and FMCG.
Battle to Watch: Jio Fin vs Bajaj Fin
Reliance, with its scale and capital, will make it tough for NBFC incumbents and fintech players to grab incremental market share.
Should you buy, hold or sell RIL shares after AGM; here’s what analysts say
Post RIL’s 46th AGM, several analysts have maintained their rating and target price on RIL shares, expecting an upside potential of up to 23%.
Jio Financial Services to foray into insurance segment: Mukesh Ambani
According to the chairman of Reliance Industries, Jio Financial Services plans to consolidate the payment infrastructure by driving digital payment adoptions in India.
