Reliance’s financial services unit to offer insurance, merchant lending

Jio Financial Services, the financial services unit of Mukesh Ambani-run Indian conglomerate Reliance Industries, plans to expand to merchant lending and insurance, Ambani said at Reliance’s annual general meeting in…

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Reliance tests sound box payment system amid financial services push

India’s Paytm introduced the innovative sound box, a pocket-sized speaker designed to instantly validate and announce successful payments to merchants. They have deployed million of these devices to the market,…

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Qatar fund invests $1 billion in Ambani’s Reliance Retail at $100 billion valuation

Qatar’s sovereign wealth fund is investing $1 billion in Reliance Retail as India’s largest retail chain looks to expand its operations and enter new categories. The Qatar Investment Authority’s investment…

Continue ReadingQatar fund invests $1 billion in Ambani’s Reliance Retail at $100 billion valuation