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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Strapped for top-flight talent as well as differentiated products, Reliance’s financial services business hasn’t managed to move the needle in its two years of existence.
Last month, George Heber Joseph resigned as chief investment officer of Jio BlackRock Asset Management Private Ltd—a 50:50 mutual fund joint venture between Jio Financial Services Ltd (JFSL) and American multinational investment company BlackRock.
Joseph had been appointed CIO of the upcoming fund house just five months earlier. His departure even before the company began operations is quite the shock. Even more so because of the silence surrounding the exit of a key executive.
But for Joseph, an exit was his only option. Reliance Industries Ltd drafted him in March 2023 as head of special projects (strategy and planning). After …
IRDAI wants to fix a model where distributors chasing high commissions push unsuitable policies, hurting customers. The regulator should brace for a major industry pushback.
Its lending business is doing the heavy lifting while payments and asset management lag, raising questions over its full-stack narrative.
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
