Jio Financial Services has partnered with Germany’s Allianz Group in a 50 50 general and health insurance joint venture. The equal collaboration will focus on building products specifically designed for Indian customers, targeting demand for coverage that fits local needs across both health and everyday insurance categories.
JSW Steel and South Korea’s POSCO Group have formed a joint venture to build a new steel plant in Odisha with capacity of 6 million tonnes per annum. The partnership underlines deepening strategic ties between the two steel majors, and supports JSW Steel’s expansion plans as India and South Korea move to strengthen industrial cooperation during the South Korean President’s visit.
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Jio Financial Services’ board has approved and signed a joint venture agreement with Allianz for a 50:50 domestic general insurance company. The JV, Allianz Jio Reinsurance Ltd, was incorporated in September 2025 and will begin operations after regulatory clearances. JFS says the venture will combine its digital reach with Allianz’s product expertise, following a July 2025 collaboration announcement and a ₹147.5 crore infusion.
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