Latest news with #JioFinancialServices
Time of India
2 days ago
- Business
- Time of India
Jio Financial Services Share Price Live Updates: Jio Financial Services Price Movement Today
23 Jul 2025 | 11:01:20 AM IST Stay up-to-date with the Jio Financial Services Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a prominent stock. Explore the latest information on Jio Financial Services, including: Last traded price 313.2, Market capitalization: 198726.27, Volume: 3974355, Price-to-earnings ratio 122.3, Earnings per share 2.56. Our liveblog provides a comprehensive overview of Jio Financial Services by integrating fundamental and technical indicators. Stay informed about breaking news that can impact Jio Financial Services's performance in the market. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Join us on this journey as we delve into the exciting world of Jio Financial Services and its market potential. The data points are updated as on 11:01:19 AM IST, 23 Jul 2025 Show more
Business Upturn
3 days ago
- Business
- Business Upturn
Nifty top losers today, July 22: Shriram Finance, Eicher Motors, Jio Financial, Adani Ports, Bajaj Auto and more
Indian stock markets wrapped up a volatile session on July 22 with slight losses, as both key indices ended in the red. The Nifty 50 dipped 29.80 points, or 0.12%, to close at 25,060.90, while the Sensex slipped 13.53 points, or 0.02%, finishing the day at 82,186.81. The day saw several big names from the Nifty 50 pack under pressure. Among the biggest losers of the day were well-known names such as Shriram Finance, Eicher Motors and Jio Financial Services. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on July 22 Shriram Finance closed at ₹640.9, down 2.3% Eicher Motors closed at ₹5,441.0, down 2.1% Jio Financial Services closed at ₹311.0, down 2.0% Adani Ports & SEZ closed at ₹1,424.8, down 1.8% Bajaj Auto closed at ₹8,290.0, down 1.8% Tata Motors closed at ₹675.5, down 1.7% Dr. Reddy's Laboratories closed at ₹1,240.0, down 1.5% Hero MotoCorp closed at ₹4,344.0, down 1.5% State Bank of India closed at ₹814.7, down 1.2% IndusInd Bank closed at ₹849.0, down 1.2% Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Adani PortsBajaj AutoEicher MotorsJio FinancialNiftyShriram Finance Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
4 days ago
- Business
- Yahoo
Allianz and Jio Financial to form reinsurance JV in India
Jio Financial Services Limited (JFSL) and Allianz Europe have agreed to establish a 50:50 reinsurance joint venture (JV) in India. The JV will combine JFSL's local market expertise and digital infrastructure with Allianz's global reinsurance and underwriting capabilities. It will utilise Allianz Re and Allianz Commercial portfolios in India, as well as the company's international resources in areas such as pricing, risk selection and portfolio management. The move follows the decision by Allianz to exit JVs with the Bajaj Group by selling its 26% stake in a $2.8bn (€2.4bn) deal, ending a 24-year partnership. JFSL non-executive director Isha Ambani said: "This partnership, combining Allianz's global reinsurance expertise with JFSL's deep understanding of the Indian market and strong digital infrastructure, aims to deliver innovative and customised reinsurance solutions to insurers. 'Aligned with the national goal of 'Insurance for All by 2047', we are committed to building a stronger and more inclusive insurance ecosystem that ensures broader access to protection for every Indian." The JV formation is contingent upon regulatory and statutory approvals. Furthermore, JFSL and Allianz have reached a non-binding agreement to form JVs for general and life insurance businesses in India, with equal ownership. Allianz CEO Oliver Bäte stated: 'We are proud to partner with Jio Financial Services to support the democratisation of access to world-class financial services for the people of India, with the opportunity to serve a growing number of consumers who are seeking the right protection for themselves, their families and their businesses.' "Allianz and Jio Financial to form reinsurance JV in India " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
5 days ago
- Business
- India.com
Mukesh Ambani's another masterstroke: After BlackRock this company of Reliance partners with..., plans to dominate...
Mukesh Ambani's another masterstroke: After BlackRock this company of Reliance partners with…, plans to dominate… Mumbai: After partnering with US-based investment powerhouse BlackRock and making its official entry into the mutual fund sector of India, businessman Mukesh Ambani's Jio Financial Services Limited has joined hands with Allianz Group to dominate the reinsurance sector in India. Both companies entered the reinsurance sector through their wholly owned subsidiary, Allianz Europe BV, with a 50:50 joint venture. In its exchange filing, JFSL informed about its latest partnership, stating that it will bring the company's deep local expertise and strong digital presence together with Allianz's global reinsurance capabilities. It is worth noting that Allianz SE ended its two-decades partnership with Bajaj Finserv four months ago. Now, the insurance major has joined hands with Jio Financial Services. Will This Partnership Create A Stir In The Reinsurance Business? On July 18, the JFSL informed that the board of directors have showed a green light to the formation of a joint venture with Allianz Europe BV (Allianz) in the ratio of 50:50 for reinsurance business. The new company will start its operation after getting mandatory regulatory and statutory approvals. Both Companies Are Also Partners In Insurance Business Notably, Reliance's Jio Financial Services also clarified that the transaction is not linked to any related party. Both companies also signed a non-binding term-sheet to establish a joint venture in the ratio of 50:50 for general insurance and life insurance business. The company will help insurers manage risks more effectively by providing stronger underwriting capabilities and competitiveness. Jio Financial Services announced a joint venture focused on delivering user-friendly, secure, and digitally accessible financial services to Indian consumers. The venture will concentrate on four key areas: lending, investment, transactions, and financial protection.
India.com
6 days ago
- Business
- India.com
After leaving Bajaj, this top German Insurance Giant joins hands with Mukesh Ambani, it is..., plans to...
After leaving Bajaj, this top German Insurance Giant joins hands with Mukesh Ambani, it is..., plans to... Germany's leading insurer Allianz, and Mukesh Ambani's Jio Financial Services have come to a major decision. The two companies are entering the Indian insurance market together and will form a 50:50 joint venture as part of this collaboration. They also signed a non-binding agreement, where they will collaborate on both life and general insurance operations in India. Though the agreement is still in its early stages, further developments are expected. Allianz took this step only four months after ending its 20-year partnership with Bajaj Finserv. In India, the reinsurance market is currently limited to a few companies. Reinsurance is insurance of the insurance companies. GIC Re is India's only government-owned company in this business. Large multi-national corporations such as Munich Re, Swiss Re, and SCOR SE also do business in India; however, they mostly conduct business in India by virtue of having a branch office. Allianz and JFSL (Jio Financial Services Ltd) plan to establish a local company in India and conduct business as a local insurer, which allows them to operate more closely to the expressed purpose of the Indian insurers, conduct business more in tune with Indian insurance law, and incorporate themselves more fully into the Indian market. With Jio Financial Services being divested from Reliance Industries a year ago, the company is quickly becoming a dominant player for financial services, offering products such as loans, payments, leasing and insurance broking. Also, Jio Financial is partnered with BlackRock, the world's largest asset manager, to also start asset and wealth management. The new arrangement with Allianz will assist Jio Financial in offering a full suite of financial services.
