Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
JIO FINANCIAL VALUED AT $20 BN, HIGHER THAN EXPECTED
The Business Guardian
|July 21, 2023
Macquarie Research has even projected that JFS could attain an AAA rating, making it an entity that can borrow at attractive interest rates
-
Reliance Industries, the oil-to-retail conglomerate controlled by billionaire Mukesh Ambani, has embarked on a strategic demerger to expand its foothold in the lucrative financial services sector. The demerger involves the separation of Jio Financial Services (JFS), the financial services unit of Reliance Industries, which has been valued at approximately $20 billion after its stock price was set at a surprisingly higher rate of 261.85 rupees on Thursday.
This move by Reliance is seen as a strategic step towards diversification, capitalizing on the potential of the financial services sector, especially since the company holds a non-bank financial company license. The demerger was first announced in October of the previous year, with Reliance Strategic Investments being rebranded as JFS.
Diese Geschichte stammt aus der July 21, 2023-Ausgabe von The Business Guardian.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The Business Guardian
The Business Guardian
DURGA PUJA AND DUSSEHRA: WHEN THE DIVINE RISES
India, a land of diverse cultures and religions, celebrates many festivals that are deeply rooted in spirituality and tradition.
3 mins
September 29, 2025
The Business Guardian
Dance of the divine: The spiritual essence of Garba and Navratri
Garba is a vibrant and devotional folk dance form from Gujarat, traditionally performed during the nine nights of Navratri to honor Goddess Durga.
3 mins
September 29, 2025
The Business Guardian
Bengaluru housing sales rise amid festive season
Bengaluru’s housing market is witnessing robust demand, with sales estimated to rise 21 per cent in July-September 2025 to 16,840 units, according to PropEquity. In the same period last year, sales stood at 13,966 units.
1 min
September 29, 2025
The Business Guardian
CM REKHA INAUGURATES NAND NAGRI FLYOVER
Delhi CM unveils flyover, strengthens healthcare with ambulances and organ portal.
1 mins
September 29, 2025
The Business Guardian
India secures Rs 1.02 lakh crore investments
The government has signed agreements with 26 overseas and domestic firms during the ‘World Food India’ summit for investments worth Rs 1.02 lakh crore in India’s food processing sector.
1 mins
September 29, 2025
The Business Guardian
Delhi's CR Park transforms into vibrant ‘Mini Bengal'
With the Durga Puja festivities in full swing, the lanes of Delhi's Chittaranjan Park have started glowing with the warm scent of fried fish, 'phuchka' stalls, egg and chicken rolls, and, of course, the sweets.
1 min
September 29, 2025
The Business Guardian
CARE Ratings reaffirms Aavas Financiers’ Rating, outlook upgraded to positive
Aavas Financiers Limited, one of India’s leading affordable housing finance companies, announced that CARE Ratings Limited has reaffirmed its credit ratings while revising the outlook from ‘Stable’ to ‘Positive’.
1 min
September 29, 2025
The Business Guardian
Look in your own backyard too, sir!
Why is India in the list of drug trafficking countries? And will America set up a military base in Bangladesh?
4 mins
September 29, 2025
The Business Guardian
DALIT PANTHERS: A SHORT-LIVED UPRISING IN MAHARASHTRA
By the mid-1970s, Dalit Panthers had chapters across urban and rural Maharashtra. They also participated in wider struggles - famously backing the 1974 food riot movement led by socialist women which forced then-Chief Minister Shankarrao More to improve grain rations.
7 mins
September 29, 2025
The Business Guardian
Buy and sell indigenous products, necessary for Atmanirbhar Bharat: CM
“4 Bees
1 min
September 29, 2025
Translate
Change font size