Jio s ARPU remained flat sequentially at Rs 181.7 in the quarter ended December 2023. The telco added 11.2 million users in the quarter, largely driven by strong adoption of the sub-Rs 1,000 JioBharat feature phone.
Atul Mehra, the joint managing director at JM Financial Services, has resigned from his position after a 33-year tenure. He is set to join Axis Capital as the managing director and chief executive, filling the vacant position since December 2018. The role of interim managing director Salil Pitale, who has been in the position since 2018, is unclear. Mehra s resignation is effective by April 20, as he pursues alternative career opportunities. JM Financial Services recently ranked sixth in the Indian equity capital market league table, while Axis Capital fell to the ninth position.
Investment banking firm Axis Capital may soon have a new managing director and chief executive officer with a long-time executive of JM Financial emerging as ..
Jio s ARPU remained flat sequentially at ₹181.7 in the quarter ended December 2023. The telco added 11.2 million users in the quarter, largely driven by strong adoption of the sub-₹1,000 JioBharat feature phone.
At Axis Capital, Mehra will be responsible for overseeing equity capital markets, business operations, mergers and acquisitions, securities markets, research, institutional equities, loan syndication and other related business activities, said the people.