Explore the latest news, in-depth reports, and executive analysis tagged with #Jio.
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
Mani will join in June, relocate to Singapore, and report to Chief Strategy Officer Jason Kwon.
We write how Airtel's entry into the lending space may be giving sleepless nights to incumbents and fintech NBFCs; and what happens to 'Responsible AI' frameworks under pressure...
Other Indian conglomerates also announced plans to develop data centres in India earlier this week.
In July, Google had announced a free one-year AI Pro plan for college students in India.
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.
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 Services acquires SBI's 17.8% stake in Jio Payments Bank for Rs 104.54 crore.
The JV’s wholly owned subsidiary will be called 'Jio BlackRock Broking' -- which will undertake the business of broking.
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.
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.
