Key Points
Mukesh Ambanis Reliance Industries is targeting the digital lending sector for its next disruption with a separate entity named Jio Financial Services..
Given Jios financial might and focus on consumer segments, industry watchers believe that it might bite off a chunk of the larger retail lending pie...
Tell me more: Egaming companies have told the government that taxing winnings would discourage users as it would further reduce their earnings from subsequent online games as less money would be available for deployment...
Disney moves Madras HC: IDMIFs move comes a day after Novi Digital Entertainment, that owns the Disney+ Hotstar streaming service, moved the Madras High Court in a bid to stop Google from removing its app from the Play Store..
Tata Communications Q1: Net profit down 30% YoY, revenue up 11%: Tata Communications reported a 29.8% dip in net profit on-year to Rs 382 crore for the first quarter due to cost pressures and a change in the business mix, the company said on Wednesday...
You might be interested in
NCLT approves RIL’s financial demerger
06, Jul, 23The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the demerger of the financial services business of Reliance Industries, the Mukesh Ambani-led conglomerate said on Thursday
RIL calls shareholder meeting on May 2 to approve demerger of financial services business
30, Mar, 23Reliance Industries had last year announced the demerger of its financial services business into a separate entity and subsequent listing it on the stock exchanges
Jio Fin to enter secured lending
18, Oct, 23In its half yearly results presentation to analysts, the firm said it has launched personal loans for the salaried and self-employed in Mumbai, besides consumer durable loans across 300 stores in India.
Reliance Industries’ creditors, shareholders to meet on May 02 on demerger of financial services business
30, Mar, 23Reliance Industries has initiated the process to demerge its financial services business by calling for a meeting of creditors and shareholders
Jio Financial Services to provide simple, affordable solutions: Mukesh Ambani
06, Aug, 23Last month, Reliance demerged its financial services company Reliance Strategic Investments Ltd, and renamed it as Jio Financial Services Limited (JFSL).
Selling by funds spoils Jio Financial market debut
22, Aug, 23The stock plunged to hit the 5% lower circuit at ₹248.9, shortly after listing at ₹262 on NSE, a tad above its discovered price of ₹261.85 on 20 July, the date of the demerger
Gaming firms seek clarity on revised rules
08, Apr, 23Government feels rules are self-explanatory, asks companies for inputs on the working of SROs
Reliance bets big on AI to power its consumer finance business
31, Oct, 23A separate tech team is fine-tuning AI to match investors and their risk appetite and suggest investment products accordingly. We have a consumer data mine with us. Jio will also take a lot of technology intelligence from BlackRock, officials said. We have already begun using bots in some of our other businesses but how deeper can we use AI is work in progress, an official close to the development said. Jio Financial Services did not comment.
Kevin Vaz joins Viacom 18 as CEO of TV business
12, Jul, 23Kevin's mandate will be to drive the company's overall TV business, which comprises almost 38 channels across multiple genres including general entertainment, movies, regional, and kids. In addition to this, he will also spearhead the regional content and marketing for the digital business.
Reliance gains over 3% ahead of key meeting on May 2. Know details
31, Mar, 23Shares of Reliance Industries Limited gained on Friday ahead of a crucial meeting involving creditors and shareholders. Here's all you need to know about the May 2 meeting and why the conglomerate's shares rose today.