While the finer details on Mukesh Ambani’s gameplan in the financial services sector is yet to be made public, Jio Financial has plans to foray into consumer, merchant and MSME lending. Market reports suggest that the company has already started consumer lending pilots in consumer durable and lifestyle stores owned by Reliance Retail.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.