JIOFIN \u2014 Recent Activity

Jio Financial targets 2026 launch for life, general insurance businesses

The company is also building the teams required for the insurance expansion in parallel.

Click to open →

Allianz Jio Reinsurance begins underwriting in India

Final approval for the venture was granted by the IRDAI earlier this month.

Click to open →

Allianz Expands India Reinsurance And US Annuities While Balancing Growth And Risk

Allianz (XTRA:ALV) has received regulatory approval for Allianz Jio Reinsurance, a 50:50 joint venture with Jio Financial Services in India. The company is also introducing a new registered index linked annuity in the US through Allianz Life to expand its retirement income range. Alongside these moves, Allianz continues to deploy capital globally, including acquisitions and investments in areas such as energy storage and fintech. For you as an investor, these updates show XTRA:ALV leaning...

Click to open →

IRDAI approves Allianz Jio Reinsurance and Kiwi General Insurance

The IRDAI granted certificates of registration to the two entities during its 134th board meeting.

Click to open →

Indian telecom firm Bharti Airtel to invest $2.2 billion to expand digital lending

Bharti Airtel will invest 200 billion rupees ($2.2 billion) in its financial ‌arm over the next few years, ‌India's second-largest mobile carrier by number of users said ​on Monday, as it steps up its push into digital lending. The capital will be infused into its subsidiary, Airtel Money, which received a ‌non-banking financial company (NBFC) ⁠license from the Reserve Bank of India on February 13. Airtel's expansion comes ⁠as competition intensifies in India’s non-bank lending sector, where c

Click to open →

Jio BlackRock unveils digital investment advice service

The new service offers investment guidance using BlackRock’s Aladdin technology.

Click to open →

India's Tata Capital makes subdued debut, valuing non-bank lender at $15.78 billion

By Vivek Kumar M and Yagnoseni Das (Reuters) -Tata Capital, India's third-largest non-bank lender by revenue, was muted in its debut trade on Monday, valuing the firm at 1.4 trillion rupees ($15.78

Click to open →

India's Paytm unit partners with JioBlackRock to launch active equity fund

(Reuters) -Indian fintech firm Paytm's unit Paytm Money has partnered with Jio BlackRock to launch a systematic active equity fund for retail investors, it said on Tuesday.

Click to open →

Allianz and Jio Financial to form reinsurance JV in India

The companies also reached a non-binding agreement to form JVs for general and life insurance businesses in India.

Click to open →

Germany's Allianz ties up with India's Reliance-owned Jio Financial for reinsurance venture

Allianz and Jio Financial signed a non-binding agreement to establish a 50-50 joint venture for both general and life insurance operations in India, the companies added. Reuters in March reported that Allianz was exploring a potential partnership with the Mukesh Ambani-led Reliance Group firm Jio Financial Services.

Click to open →