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Jio Financial shares rise 4% on plans to acquire Jio Payments Bank shares worth  ₹105 crore from SBI | Stock Market News

Jio Financial shares rise 4% on plans to acquire Jio Payments Bank shares worth ₹105 crore from SBI | Stock Market News

Source: Live Mint Jio Financial Services Ltd will acquire 7.9 crore shares of Jio Payments Bank from State Bank of India (SBI) for ₹104.5 crore, making the payments bank its wholly owned subsidiary. Currently, Jio Fin holds an 82.17% stake in Jio Payments Bank, a joint venture between Reliance Industries-backed Jio Financial and SBI. Following…

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Best Mutual Funds: THESE retirement schemes gave over 15% CAGR return in the past 5 years | Mint

Best Mutual Funds: THESE retirement schemes gave over 15% CAGR return in the past 5 years | Mint

Source: Live Mint Prior to investing in a mutual fund scheme, investors often examine the past returns of a scheme. This gives an indication of the scheme’s future performance vis-a-vis other funds in the same category. Notably, investors are supposed to examine – besides historical returns – other factors as well. These include the reputation of…

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