Jio

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 pumps Rs 190 crore into payments bank

Jio Financial pumps Rs 190 crore into payments bank

27 Jun 2025, 11:32 AM

The move follows its recent buyout of State Bank of India’s 17.8% stake for Rs 104.54 crore, giving JFSL complete ownership of the bank.

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, BlackRock JV sets up stock broking unit; invests Rs 117 crore in mutual fund unit

Jio, BlackRock JV sets up stock broking unit; invests Rs 117 crore in mutual fund unit

24 Jan 2025, 15:16 PM

The JV’s wholly owned subsidiary will be called 'Jio BlackRock Broking' -- which will undertake the business of broking.

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 of the day

Fintech highlights of the day

05 Oct 2024, 15:27 PM

Jio-BlackRock gets Sebi's in-principle nod to set up mutual fund biz; Sachin Bansal-led Navi Finserv's revenue from operations fell to Rs 1,906 crore in FY24 from Rs 2,041 crore in FY23; Paytm promotes Deependra Singh Rathore to CTO.

Who Reads Us

Fintech Highlights

  1. Simpl lays off 80-100 employees after RBI crackdown

  2. India's payments revolution faces a new test: Securing a growing ecosystem

  3. Fintech platform Ignosis raises $4 million led by Peak XV's Surge

  4. Zerodha reports 40% fall in brokerage income amid regulatory headwinds

  5. UNLEASH Capital Partners hits final close of first fund at Rs 300 crore
  6. Read more news...

AI/Emerging Tech

  1. Anthropic ropes in ex-Stripe CTO Rahul Patil as chief technical officer

  2. OpenAI valuation touches $500 billion as employees sell shares

  3. OpenAI partners with Samsung, SK to expand AI infra under Stargate project

  4. Thinking Machines Lab unveils first product Tinker

  5. Former Google, OpenAI researchers floated startup Periodic Labs bags seed funding
  6. Read more news...

Money & Machines

  1. What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

  2. RBI brings the wild west under regulatory fold; Hello, AI friend

  3. The same fate of two digital lending posterboys; Healthcare not AI ready?

  4. Reliance's startup moment; Amazon, Flipkart's NBFC play
  5. Previous editions...

Editor's Pick

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

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality