Jio Financial Services will acquire full ownership of Jio Payments Bank after SBI’s divestment of its 17.8% stake. With the deal valued at ₹104.54 crore, the transaction awaits the Reserve Bank of India’s approval and is expected to conclude within 45 days.
3B Films, a plastic packaging film manufacturer, launched its IPO on Friday at ₹50 per share, aiming to raise ₹33.75 crore. The IPO, open until
Arnab Das of Invesco analyses the US GDP dip. He attributes it to increased imports and policy uncertainties post Liberation Day. Tariff volatility and the
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