In October last year, Reliance Industries Limited said it would hive off its financial services operations and list them separately under Jio Financial Services...

Sethia could not be reached for comments, while e-mail sent to Reliance did not elicit response...

The bank has been consistently growing its banking outlets from 575 as of March2022 to 598 as of December and has recently forayed into Telangana...

The firm had planned the public note issuance for January, working with Edelweiss Financial Services Ltd, AK Capital, JM Financial, and Trust Capital, but activity has now stopped...

A major area of concern is falling government consumption expenditure, which shrank 4.4 %...

Ambani’s Reliance Industries has announced that it will hive off its financial services undertaking into Reliance Strategic Investments, which will be renamed Financial Services...

This investment will allow the company to leap ahead in its vision of decarbonising large energy-intensive industries and help in reversing climate change...

Veteran banker will also be appointed as an independent director in the parent company and will have a term of five years...

Key implication of this development is that RIL will be stepping into the turf of Paytm, PhonePe, and even Bajaj Finance...