Services Financial News

Indian market is strong, said Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services in an interview with the Economic Times (ET). "Right now, market trends are a lot dependent on the trends in FII behaviour. When FIIs were buying continuously for 15-20 days last month, it took the Nifty to nearly 20,000.

₹73 in grey market today, which means Jio Financial Services GMP (grey market today) is ₹73. But, as per the stock market experts, much will depend upon the kin do opening Indian stock market gets on Monday.

Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. Jio financial Services Ltd share price will be in Trade-for-Trade segment for 10 trading days. Hence, during Monday session, JFSL listing will be a part of special pre-open session for IPO and Other category of scrips.

IDBI Bank: The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, posing a challenge to the Centre’s ability to meet the ₹51,000 crore disinvestment target for the year. The government expected more than ₹15,000 crore from the IDBI Bank stake sale, the financial due diligence for which began in July. It had planned to issue financial bids for IDBI Bank by December and completing the transaction in the fourth quarter of the fiscal.

EY is planning to cut jobs in Britain as a challenging market environment crimps appetite for professional services.

BlueRock hashired Ad Astra and Clearsight Advisors, the corporate adviser’s affiliate in the United States, to advise on a capital raise and find a capital partner to help it supercharge its growth, Street Talk can reveal.

Hyderabad airport. It will also start work on developing a 2.13-acre land parcel at Goa’s Manohar International (MOPA) Airport. In July, Mint first reported that the MOPA Airport developer had signed agreements to build two hotels on a land earmarked in North Goa.

Reliance Industries Ltd (RIL), Jio Financial Services (JFSL), will list on Indian stock exchanges on Monday, August 21. After the July 20 special pre-open call auction session, Jio Financial Services' share price was set at Rs 261.85 apiece on the NSE.

Financial services secretary Vivek Joshi held a meeting with the heads of state-run banks on Friday to review their preparedness for the upcoming PM Vishwakarma Scheme and the progress made under PM SVANidhi. In a statement, the finance ministry noted that officials from the MSME ministry also attended the meeting.

India's services sector exports has the capacity to expand «dramatically», contributing in a big way to the Centre's USD 2-trillion target for shipments by 2030, former Union minister Suresh Prabhu said here on Friday. Prabhu, a former commerce and industry minister, said the nature, spectrum and volume of services exports will change significantly, given the element of human interaction and new technology involved in it.

Private equity firms are increasingly enamoured by the professional services realm, where misfortune is stirring opportunities for the world’s buyout giants.

The internet's evolution is rooted in information technology, with its applications catalyzing the growth of the information sector. Over the past half-century, the Internet's journey began as a tool for military communication, evolving into a platform for widespread messaging. Today, the average person seamlessly integrates the internet into their daily life, primarily for information sharing. This widespread adaptability sets the stage for practical applications that cater to specific needs, exemplified by the emergence of the Internet of Medical Things (IoMT). The IoMT flourishes due to advancements in sensor technology, robust data science theories, and the availability of more accessible and user-friendly hardware. The internet's foundation in information technology intersects with sensors, which gather data, subsequently analyzed by programs rooted in data science principles. The growing demand for the Internet of Medical Things underscores its rapid expansion to address critical healthcare needs. Best Professional Courses

Amazon Data Services India has picked up a land parcel spread over four acres in Mumbai’s Powai suburb from engineering and construction major Larsen & Toubro through a long-term lease of nearly 18 years. The subsidiary of Amazon is planning to develop a data center on this land parcel for which it will be paying rent of over Rs 562 crore over the total lease tenure excluding the rent escalation. The agreement includes a clause to escalate lease rental by 3% every year.Amazon Data Services India has already paid a security deposit worth Rs 2.40 crore to Larsen & Toubro.

Arvind Kejriwal on Friday attacked the BJP-led Centre, saying the ordinance on services matter was brought as money power and the threat of the ED and the CBI failed in Delhi. In a speech in the Assembly, he also claimed that the BJP has brought the «Sanghi» model of democracy through the Services Bill while asserting that the 2024 Lok Sabha elections will be fought on the issue of full statehood for the national capital.Kejriwal alleged that the «democratic rights of the people of Delhi were trampled through the ordinance and the bill».

Reliance Industries Ltd (RIL), will be listed on Indian stock exchanges on August 21, Monday. “Trading Members of the Exchange are hereby informed that effective from Monday, August 21, 2023, the equity shares of Jio Financial Services Ltd (Formerly known as Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities," a notice on BSE said. Jio Financial Services listing is scheduled just a day before FTSE Russell plans to drop the stock from its indices.

We take a look at what analysts are saying on the stocks of the Nifty financial service index.This becomes important because in the first seven months of this year whenever markets have faced pressure, it is the financial services and banks stocks which have helped it move upward. But this time financial sector stocks which have high FII ownership are also under pressure due selling by some global ETF.

As players in the competitive U.S. wealth management space look to outflank rivals, Edward Jones is adding the most traditional of financial services to its offering.

HDFC Group announced the official launch of its life insurance and asset management services in Gujarat's GIFT City's International Financial Services Centre (IFSC). To provide services to Non-Resident Indians (NRIs) and the worldwide Indian diaspora, HDFC International Life and Re was created by HDFC Life, and HDFC AMC International (IFSC) Ltd was established by HDFC Asset Management Company.

International Financial Services Centre (IFSC) in Gujarat's GIFT City. HDFC International Life and Re has been set up by HDFC Life, while HDFC AMC International (IFSC) Ltd has been established by HDFC Asset Management Company to offer services to Non-Resident Indians (NRIs) and the global Indian diaspora.

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual assets firm M2 to operate a multilateral trading facility from the United Arab Emirates capital.

Telecom services industry is expected to report moderate revenue growth of around 7-9% in FY2024 over FY2023 due to muted average revenue per user (Arpu) expansion in the absence of tariff hikes, ratings agency ICRA said today. The capex levels of telecom firms will remain elevated as they expand 5G coverage and this would keep the debt levels of the industry high at around Rs 6.1-6.2 lakh crore as of March 2024.