jio financial services

Stock market recommendations: jio financial services Ltd, Hindustan Zinc, and PVR INOX are the top stock recommendations by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares as the top stock recommendations for April 29, 2026:

Stock market recommendations: Lupin, jio financial services, Adani Ports and Special Economic Zone are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan recommends for buying on April 28, 2026.

Reliance Industries' Q4 FY26 net profit declined 12.5% year-on-year to Rs 16,971 crore, impacted by the Middle East crisis affecting its oil and chemicals business. Despite this, revenue rose 13% to Rs 2.98 lakh crore, with strong contributions from digital services and retail. Jio Platforms reported a 13% profit increase to Rs 7,935 crore.

Vivo has launched the V70 FE in India, featuring a 200MP OIS camera, a northern lights-inspired design with Darkness Glow Technology, and a 7000 mAh battery with 90W Flash Charge. The smartphone is powered by the MediaTek Dimensity 7360-Turbo SoC and offers up to 12+256GB storage, with pricing starting at Rs 37,999.

Indian stock markets experienced a severe downturn Monday, mirroring a global sell-off. Escalating Middle East tensions, rising crude oil prices, consistent foreign investor withdrawals, and a record-low rupee significantly impacted investor confidence, leading to broad-based losses across major indices and sectors.

Indian equity markets experienced a significant downturn, with Sensex and Nifty shedding nearly 2% on Wednesday. A sharp rise in crude oil prices, fueled by escalating West Asian tensions, dampened investor sentiment. Persistent foreign fund outflows and selling in banking stocks further contributed to the market's decline.

jio financial services, a subsidiary of Reliance Industries, is making its debut on stock exchanges, targeting a large and growing market as well as benefitting from the growth in digital financial services in India. Although the company's business model relies heavily on technology, which could be disrupted by changes in regulation or technology, it has strong parent company support from RIL, as well as the backing of Google and Facebook.

Five analysts estimate that the financial services business of Reliance Industries will be valued at Rs 160-190 per share, with Reliance Strategic Investments, to be renamed jio financial services, being demerged and split on 20 July. The shares of India's most valuable company, Reliance, have risen more than 6% since 8 July, as investors seek exposure to JFS, which may become India's fifth-largest financial services company.

jio financial services, the demerged unit of Reliance Industries, will be removed from various indices of the National Stock Exchange (NSE) from September 7. This comes after Jio Financial did not meet the price band on two consecutive trading days. The exclusion will apply to indices such as Nifty 50, Nifty 100, Nifty 200, and Nifty 500. Jio Financial was listed on the stock exchanges on August 21 after its spin-off from Reliance Industries.

jio financial services, part of billionaire Mukesh Ambani-led Reliance Group, and US based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a release on Wednesday.

jio financial services (JFS) has seen a 5% decline in its shares for two consecutive days, triggering a delay in its removal from India's benchmark indexes. Index-linked funds may experience distorted weightages if fund managers are unable to sell their JFS holdings, which could be further complicated by the continuous slide in stock prices.

jio financial services, controlled by Mukesh Ambani, is in early discussions with Allianz SE to form new insurance partnerships in India, covering general and life insurance. Allianz is considering exiting its current ventures with Bajaj Finserv. This move aligns with Jio's ambitions to expand its financial services, leveraging India's growth potential in the insurance sector.

jio financial services (JFS), the financial arm of Indian conglomerate Reliance Industries, aims to provide simple, affordable and innovative digital first solutions. The JFS is all set to be listed on the stock exchanges on August 21.

Shares of jio financial services, the demerged financial services unit of Reliance Industries, fell by 5% on Wednesday to hit its lower circuit limit for the third day running. The stock declined 5% to hit its lower circuit limit of Rs 227 on the BSE.

Reliance Industries' financial services unit, jio financial services, has been valued at approximately $20bn after a trading valuation session. The company was priced at Rs 261.85 each based on trading at 10am Thursday in Mumbai, which will increase Reliance's position as one of India's most valuable companies.

jio financial services will be spun off and listed in India, Reliance said in an exchange filing Friday. It will lend to consumers and merchants based on proprietary data analytics and will eventually branch out to insurance, payments, digital broking and asset management.

Jio's revamped JioFinance App is now available for download, offering a comprehensive range of financial services such as loans on mutual funds, home loans, and digital savings accounts. Features include UPI payments, mobile recharge, and bill payments. The app also helps users manage their financial holdings and offers various insurance plans.

jio financial services, a subsidiary of Reliance Industries Limited, is planning to enter the insurance segment. JFS will partner with a global player to offer life, general, and health insurance products. With a focus on using predictive data analytics, JFS aims to co-create contextual insurance products.

Reliance Industries is looking to hire a leader for jio financial services' newly created insurance business. The company has held discussions with executive head hunters to find top talent in the life, health, and general insurance segments. The search for a chief executive for the insurance unit is expected to be completed by early next year.