Mukesh Ambani

Reliance launches AI unit, strikes separate partnerships with Meta, Google Cloud

Reliance launches AI unit, strikes separate partnerships with Meta, Google Cloud

29 Aug 2025, 16:13 PM

Reliance Intelligence will pursue the business of setting up, acquiring, holding/investing in and promoting various ventures relating to AI.

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. AU Small Finance Bank partners with Kiwi for RuPay-powered credit card

  2. PayU India becomes majority shareholder in Mindgate

  3. Cred unveils 18-karat gold invite-only credit card 'Sovereign'

  4. FinBox raises $40 million in Series B round led by WestBridge Capital

  5. Peak XV-backed Groww files revised papers for Rs 7,000 crore IPO
  6. Read more news...

AI/Emerging Tech

  1. Groq raises $750 million led by Disruptive

  2. OpenAI updating ChatGPT to strengthen teen safety measures amid wrongful death lawsuit

  3. AI startup Hyperbound secures Series A funding led by Peak XV

  4. OpenAI ropes in xAI's former CFO as business finance officer

  5. Micro1 raises Series A funding led by VC firm founded by former X executives
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

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