Bank of America picks 49.9% stake Jio Credit for $1.9 billion
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.
Explore the latest news, in-depth reports, and executive analysis tagged with #Reliance.
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.
This video captures the economics, the loopholes, who actually wins if MDR returns, and why the government might be playing a longer game than just UPI.
In this edition, we revisit the longest-running payments debate i.e. UPI MDR; and we explore what happens when sovereign AI, venture capital and national interest collide.
Other Indian conglomerates also announced plans to develop data centres in India earlier this week.
Investments in building data centres is on the rise in the country as AI adoption begins to scale quickly.
In July, Google had announced a free one-year AI Pro plan for college students in India.
Reliance Intelligence and Facebook have jointly committed an initial investment of Rs 855 crore in the JV.
Sept 5th Edition: We track Mukesh Ambani’s entry into a novel business that even big tech businesses are trying to make sense of; and the country’s top marketplaces’ credit bet.
Reliance Intelligence will pursue the business of setting up, acquiring, holding/investing in and promoting various ventures relating to AI.
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.
Chapman co-founded Swiffy Labs in August 2023 after stepping down from her previous venture ZestMoney.
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.