Jio Financial Services Ltd (JIOFIN)

Jio Financial Services Eyes New CEO Appointment - 29 Apr, 2024

Jio Financial Services is reportedly in talks to appoint Kusal Roy, the current country manager of Standard Chartered Plc India, as CEO of one of its units. Meanwhile, COAI has reiterated the need for more spectrum for smooth 5G services.

Jio Financial Services Reports Stellar Performance and Joint Venture with BlackRock - 24 Apr, 2024

Jio Financial Services, the financial arm of Reliance Industries, reported a multi-fold increase in consolidated net profit for FY24. The company also announced a joint venture with BlackRock to establish a wealth management and broking business. Additionally, Jio Financial Services was added to the Nifty Next 50 index and could potentially receive inflows of up to $80 million.

Jio Financial Services Reports Increase in Net Profit - 23 Apr, 2024

Jio Financial Services Ltd reported a 6% increase in consolidated net profit for Q4 ended March 2024, resulting in a 3.45% rise in stock price and hitting the 52-week high level.

Jio Financial Posts Strong Q4 Results; Signs Agreement With BlackRock - 22 Apr, 2024

Jio Financial Services Ltd reported a strong Q4 performance with a 6% QoQ increase in net profit to Rs 311 crore. The company also signed an agreement with BlackRock for the launch of its wealth management and broking business.

Jio Financial Services Reports Q4 Net Profit of Rs 311 Crore - 20 Apr, 2024

Jio Financial Services reported a consolidated net profit of Rs 311 crore in Q4 FY24, up 6% QoQ. The company's total income for the quarter was Rs 418 crore. Jio Financial is engaged in vendor financing and plans to launch home loans, loans against property, and loans against mutual funds.

Jio Financial Reports Q4 Net Profit Increase; Announces Partnership with BlackRock - 19 Apr, 2024

Jio Financial Services reported a consolidated net profit of Rs 310.63 crore in Q4 FY24, up by 5.72% from the previous quarter. The company also announced a partnership with BlackRock for launching a wealth management and broking business in India. Jio Financial's shares declined 3% ahead of the Q4 earnings result.

Jio Financial Services Shares Surge Ahead of Q4 Earnings - 18 Apr, 2024

Shares of Jio Financial Services rose by 6% ahead of its Q4 earnings announcement. The company reported a net profit of Rs 294 crore for the December quarter.

Jio Financial Services Gains on Joint Venture Announcement - 17 Apr, 2024

Shares of Jio Financial Services Ltd rose by 5% following the announcement of a 50:50 joint venture with BlackRock to set up a wealth management and broking business.

Jio Financial Services Partners with BlackRock for Wealth Management and Broking Business - 16 Apr, 2024

Jio Financial Services has signed a joint venture with BlackRock to undertake wealth business, including incorporation of a wealth management company and subsequent brokerage firm. The move is expected to capture new customers in the rising HNI class in India. Shares jumped nearly 5%, closing at Rs 362.7 on Tuesday.

Jio Financial Services Forms JV for Wealth Management Business - 15 Apr, 2024

Jio Financial Services has entered into a 50:50 joint venture with BlackRock to launch wealth management and broking services in India, subject to regulatory approvals. The company's stock fell by 5.73% to Rs 351.

Jio May Not Increase Tariffs Post-Election - 11 Apr, 2024

According to reports, Jio is expected to focus on measures promoting higher data consumption instead of increasing headline tariffs post-election. This move will lead users to move to higher packs and improve its Arpu.

Jio Financial Services Hits Record High - 08 Apr, 2024

Shares of Jio Financial Services Ltd rose 1.51% to hit a new record high of Rs 378.70 in Monday's trade, gaining 58.67% YTD. Analysts suggest the counter is in a secular uptrend with immediate support at Rs 350.

Jio Financial Services Ltd stock rises 2.93% - 01 Apr, 2024

Shares of Jio Financial Services Ltd rose 2.93% to hit a day high of Rs 364.15, with support at Rs 348 and resistance at Rs 375. The NBFC has subscribed to 40 lakh equity shares of Jio Payments Bank for cash at par, increasing its holding in the bank to 77.25%. Analysts suggest buying at current levels with an expected target of Rs 475 within two months.