Business News Highlights: Sensex Settles In Red, Nifty below 22,250
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Jio Fin Services Mcap Reaches Over Rs 2.2 Lakh Crore
Jio Financial Services shares surged nearly 15 per cent on Friday, propelling its market valuation beyond the Rs 2.2 lakh crore threshold. By closing the trading session, Reliance Industries' market capitalisation stood at Rs 20,20,470.88 crore.
On the NSE, shares of Jio Financial Services climbed by 10.62 per cent to settle at Rs 335 each, while on the BSE, they rose by 10.18 per cent, closing at Rs 333.90 each.
RBI Asks NPCI To Help In Paytm App Operations
The Reserve Bank of India (RBI) announced on Friday that the National Payments Corporation of India (NPCI) has been directed to explore the potential of becoming a third-party application provider for sustaining UPI operations on the Paytm app. This initiative aims to guarantee seamless services for Paytm app users.
Odisha CM Announces Hike In Self-employed Mechanics' Pay By 62.5%
Chief Minister Naveen Patnaik increased the remuneration of self-employed mechanics in Odisha by 62.5 per cent on Friday. According to an official release from the Chief Minister's Office (CMO), the remuneration for mechanics operating in gram panchayats has been raised from Rs 4,000 to Rs 6,500. This adjustment is anticipated to benefit approximately 13,000 individuals.