Mukesh Ambani

Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

13 Aug 2025, 02:14 AM

Jio's payment aggregator arm, led by ICICI Bank veterans, is tapping deep banking ties and Reliance's war chest to take on India's biggest fintech players.

Jio Financial acquires SBI

Jio Financial acquires SBI's stake in payments bank JV

05 Mar 2025, 22:32 PM

Jio Financial Services acquires SBI's 17.8% stake in Jio Payments Bank for Rs 104.54 crore.

Jio Financial Services in talks with Allianz SE to set up insurance biz: report

Jio Financial Services in talks with Allianz SE to set up insurance biz: report

24 Oct 2024, 17:58 PM

The news comes shortly after Bajaj Finserv revealed that Allianz is considering an exit from its existing life and general insurance joint ventures with the Bajaj Group.

Fintech Highlights

  1. RBI committee proposes AI framework for financial services sector

  2. Slice launches second UPI-integrated branch in Gurugram

  3. BharatPe in advanced talks to raise $80-$100 million in pre-IPO round

  4. ICICI hikes minimum balance requirement; Draws flak from Kotak exec

  5. BharatPe reports adjusted profit before tax of Rs 6 crore in FY25
  6. Read more news...

AI/Emerging Tech

  1. xAI co-founder Igor Babuschkin steps down to launch own venture

  2. Anthropic acquires team behind Humanloop

  3. Perplexity AI launches bold pitch to buy Google's Chrome for $34.5 billion

  4. AI unicorn Fractal Analytics files draft papers for IPO

  5. Nvidia, AMD agree to pay 15% of high-end AI chip revenue from China to US govt
  6. Read more news...

Editor's Pick

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  2. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

  3. RBI vs Government: The battle over India’s digital payments ecosystem explained