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Jio Financial invests 117 million dollars in lending subsidiary
Jio Financial has made a significant investment of $117 million in its lending arm, signaling a strong commitment to expanding its financial services. This move is part of the company's broader strategy to enhance its presence in the financial sector.
NSE adds 45 new stocks to futures and options trading segment
The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.
BSE revises price band for Adani Total LIC Zomato Paytm and others
BSE Ltd has revised the price band of 44 stocks, including Adani Total, LIC, Zomato, and Paytm, to 10%, effective November 29, 2024. This change applies to various companies across sectors, aiming to standardize trading limits. The full list includes notable firms like DMart, Yes Bank, and Jio Financial Services.
Zomato to join Sensex replacing JSW Steel from December 23
Zomato will replace JSW Steel in the Sensex index starting December 23, as announced by BSE. Additionally, several changes will occur in other indices, with companies like Ashok Leyland and IDFC First Bank being dropped from BSE 100, while Jio Financial Services and others will be added. In the BSE SENSEX 50, HDFC Life, BPCL, and LTI Mindtree will be replaced by Zomato, Jio Financial, and HAL.
decline in shareholder numbers for yes bank and tata power
Yes Bank, Tata Power, and Reliance Power experienced significant declines in shareholder numbers, with Tata Power losing over 64,000, Yes Bank 54,000, and Reliance Power more than 47,000. In contrast, Tata Steel gained nearly 800,000 new investors, followed by Tata Motors with 700,000 and Vodafone Idea with 600,000. Other notable increases included IRFC (390,000), NHPC (260,000), and Jio Financial Services (55,000).
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