Jio Financial Services, part of Mukesh Ambani's conglomerate, is in discussions with Allianz SE to establish an insurance partnership in India. The talks come as Allianz seeks to dissolve two existing joint ventures in the country. Sources indicate that this potential collaboration aims to enhance Jio's financial services offerings and expand Allianz's footprint in the Indian insurance market. The negotiations reflect a strategic shift for both companies, particularly for Allianz as it navigates changes in its joint venture arrangements in India.