Latest news with #JioFinancialServicesLtd
Economic Times
21-07-2025
- Business
- Economic Times
Jio Financial Services shares in focus after 50:50 reinsurance JV with Allianz
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Jio Financial Services Ltd (JFSL) are likely to be in focus on Monday after the company announced a 50:50 domestic reinsurance joint venture with Allianz Group . The binding agreement was signed through Allianz's subsidiary Allianz Europe agreement aims to serve India's growing insurance market by combining JFSL's local expertise with Allianz's global reinsurance and underwriting partnership will leverage JFSL's digital network and Allianz's existing India portfolios, along with its global experience in risk pricing, portfolio management, and reinsurance. Allianz Re has been active in India for over 25 JV intends to provide strong reinsurance capacity to insurers across India, helping them manage risks more effectively. It will also support India's goal of expanding insurance access under the national vision of 'Insurance for All by 2047.' Operations are expected to commence post regulatory JFSL and Allianz have entered into a non-binding agreement to explore forming joint ventures in general and life insurance businesses in India. The collaboration aims to deliver innovative insurance solutions by combining the strengths of both brands.'India is witnessing a transformative surge in insurance demand, driven by rising prosperity, growing financial awareness, and rapid digital adoption. 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 customized 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. We are excited to shape this transformative journey together,' said Isha M. Ambani, Non-executive Director, Jio said its focus remains on digitally delivering financial solutions addressing the core needs of borrowing, investing, transacting, and protecting for every Indian. Allianz reaffirmed its commitment to India's long-term growth, citing the country's strong economy, rising middle class, and increasing demand for insurance products as key drivers for future value Friday, Jio Financial Services shares closed flat with a negative bias at Rs 316.70 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
21-07-2025
- Business
- Time of India
Jio Financial Services shares in focus after 50:50 reinsurance JV with Allianz
Shares of Jio Financial Services Ltd (JFSL) are likely to be in focus on Monday after the company announced a 50:50 domestic reinsurance joint venture with Allianz Group . The binding agreement was signed through Allianz's subsidiary Allianz Europe B.V. The agreement aims to serve India's growing insurance market by combining JFSL's local expertise with Allianz's global reinsurance and underwriting capabilities. Explore courses from Top Institutes in Select a Course Category Healthcare Others Public Policy Data Science others MCA Artificial Intelligence Cybersecurity Data Analytics Technology Management Degree Design Thinking MBA Project Management Operations Management Finance Leadership CXO Digital Marketing PGDM Product Management Data Science healthcare Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details The partnership will leverage JFSL's digital network and Allianz's existing India portfolios, along with its global experience in risk pricing, portfolio management, and reinsurance. Allianz Re has been active in India for over 25 years. The JV intends to provide strong reinsurance capacity to insurers across India, helping them manage risks more effectively. It will also support India's goal of expanding insurance access under the national vision of 'Insurance for All by 2047.' Operations are expected to commence post regulatory approvals. Additionally, JFSL and Allianz have entered into a non-binding agreement to explore forming joint ventures in general and life insurance businesses in India. The collaboration aims to deliver innovative insurance solutions by combining the strengths of both brands. Live Events 'India is witnessing a transformative surge in insurance demand, driven by rising prosperity, growing financial awareness, and rapid digital adoption. 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 customized 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. We are excited to shape this transformative journey together,' said Isha M. Ambani, Non-executive Director, Jio Financial. JFSL said its focus remains on digitally delivering financial solutions addressing the core needs of borrowing, investing, transacting, and protecting for every Indian. Allianz reaffirmed its commitment to India's long-term growth, citing the country's strong economy, rising middle class, and increasing demand for insurance products as key drivers for future value creation. On Friday, Jio Financial Services shares closed flat with a negative bias at Rs 316.70 on the BSE. Also read: Is RIL's strong profit growth sustainable amid rising capital expenditure? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
09-07-2025
- Business
- Business Standard
Jio Financial Services Ltd soars 1.25%, rises for third straight session
Jio Financial Services Ltd is quoting at Rs 332.95, up 1.25% on the day as on 12:49 IST on the NSE. The stock is down 4.31% in last one year as compared to a 4.98% gain in NIFTY and a 14.69% gain in the Nifty Financial Services index. Jio Financial Services Ltd rose for a third straight session today. The stock is quoting at Rs 332.95, up 1.25% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.05% on the day, quoting at 25536.25. The Sensex is at 83758.45, up 0.05%. Jio Financial Services Ltd has added around 9.96% in last one month. Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has added around 0.74% in last one month and is currently quoting at 27016.85, up 0.18% on the day. The volume in the stock stood at 172.32 lakh shares today, compared to the daily average of 190.76 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 333.6, up 1.03% on the day. Jio Financial Services Ltd is down 4.31% in last one year as compared to a 4.98% gain in NIFTY and a 14.69% gain in the Nifty Financial Services index. The PE of the stock is 382.33 based on TTM earnings ending March 25.
Business Standard
30-06-2025
- Business
- Business Standard
Jio Financial Services Ltd up for fifth session
Jio Financial Services Ltd is quoting at Rs 326.7, up 1% on the day as on 12:44 IST on the NSE. The stock is down 7.4% in last one year as compared to a 5.8% spurt in NIFTY and a 15.29% spurt in the Nifty Financial Services. Jio Financial Services Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 326.7, up 1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.37% on the day, quoting at 25542.5. The Sensex is at 83744.14, down 0.37%. Jio Financial Services Ltd has risen around 14.05% in last one month. Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has risen around 3.01% in last one month and is currently quoting at 27344.05, down 0.37% on the day. The volume in the stock stood at 269.78 lakh shares today, compared to the daily average of 185.71 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 327.8, up 0.68% on the day. Jio Financial Services Ltd is down 7.4% in last one year as compared to a 5.8% spurt in NIFTY and a 15.29% spurt in the Nifty Financial Services index. The PE of the stock is 376.22 based on TTM earnings ending March 25.
Business Standard
26-06-2025
- Business
- Business Standard
Jio Financial Services Ltd spurts 2.14%
Jio Financial Services Ltd is quoting at Rs 309.8, up 2.14% on the day as on 12:49 IST on the NSE. The stock is down 12.39% in last one year as compared to a 5.55% spurt in NIFTY and a 14.63% spurt in the Nifty Financial Services index. Jio Financial Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 309.8, up 2.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 25378.3. The Sensex is at 83219.23, up 0.56%. Jio Financial Services Ltd has risen around 6.31% in last one month. Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has risen around 2.5% in last one month and is currently quoting at 26851.2, up 0.86% on the day. The volume in the stock stood at 260.97 lakh shares today, compared to the daily average of 167.68 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 310.45, up 2.44% on the day. Jio Financial Services Ltd is down 12.39% in last one year as compared to a 5.55% spurt in NIFTY and a 14.63% spurt in the Nifty Financial Services index. The PE of the stock is 352.62 based on TTM earnings ending March 25.
