Page 4 - Blackrock

Jio Financial-BlackRock JV to launch wealth management, broking business

The two firms had earlier inked a tie-up in July 2023 to step into the over Rs 50 trillion mutual fund market in India

Jio Financial, Blackrock form JV to set up wealth management, broking biz

Jio Financial Services, part of billionaire Mukesh Ambani led-Reliance Group, and BlackRock formed a 50:50 joint venture to launch asset management services in India in July 2023

BlackRock's Q1 profit rises on higher fee income, AUM jumps to $10.47 trn

Investment advisory and administration fees, typically a percentage of AUM and BlackRock's chief source of revenue, jumped nearly 8.8% to $3.63 billion

Blackrock, ADIA, domestic mutual funds increase holdings in Vedanta

The world's largest asset manager BlackRock, as well as the Abu Dhabi Investment Authority, along with domestic mutual funds like ICICI Mutual Fund and Nippon India Mutual Fund have increased their holdings in Vedanta by almost 2 per cent during the last four months, said market participants. At the same time, foreign institutional investors (FIIs) increased their stake in the conglomerate by 1.2 per cent during the corresponding period, they added. The recent rally in Vedanta share price on the back of demerger plans, deleveraging and soaring metal prices has led to a bullish call by domestic and international funds. "Vedanta has witnessed significant buying interest. Many foreign and domestic investors have increased their stake on the back of strong fundamentals," according to a dealer in a foreign brokerage house. This comes at a time when the Vedanta stock has surged almost 30 per cent, adding about USD 3 billion to its market capitalization since December. Shares of Vedanta

US regulators probe role of asset managers BlackRock, Vanguard in banks

The move could add to a host of troubles for asset managers, which have often been criticized for exerting undue influence on the management of their portfolio companies

Bitcoin 'halving' spurs exodus of old United States mining computers abroad

Bitcoin has surged about 50% this year to around $63,500, though it's down from a record high of $73,798 reached on March 14

India, Indonesia bright spots for investment opportunities: BlackRock

US investment firm BlackRock sees India and Indonesia as two Asia-Pacific countries offering a lot of investment opportunities, its head of research for the region said on Tuesday

Artificial intelligence driving more layoffs than companies want to admit

Experts struggle to get an accurate picture of just how many jobs are being eliminated as AI rapidly advances

BlackRock, Neuberger bought Adani bonds post Hindenburg bombshell

Although the figures don't capture all bondholders, they provide a window into investor activity as the securities sold off and later recouped many of their losses

BlackRock's Bitcoin ETF first to cross $1 billion threshold in inflows

Investors deposited $371 million in the fund on Wednesday, pushing IBIT past the milestone, data compiled by Bloomberg show

Bitcoin's ETF hangover saddles token with its worst streak in a month

The batch of almost a dozen ETFs, including from investment titans BlackRock Inc. and Fidelity Investments, began trading on Jan. 11

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

In November 2023, Netherlands-based tech investor Prosus NV marked down Byju's valuation to under $3 billion

Investing in cryptos: Be mindful of high volatility, regulatory overhang

Potential investors should be mindful of regulatory overhang and high volatility

BlackRock quarterly profit rises on strong assets under management

Hopes of a soft landing - a scenario where inflation eases without a sharp rise in unemployment - have cheered markets in recent months

BlackRock slashes Byju's valuation by 95% from $22 bn to $1 bn: Report

Tech investor Prosus NV valued Byju's at under $3 billion in November last year after BlackRock cut its valuation to about $8.4 billion in May

Bitcoin at 21-month-high as US SEC approves Bitcoin ETF from heavyweights

After the announcement, Bitcoin briefly touched $47,600, the highest since December 2021, before cooling down to $46,600 for the first time since April 2022

BlackRock, Ark Investment lower fee for planned spot bitcoin ETFs

BlackRock's iShares Bitcoin Trust would charge 0.25%, compared with the 0.30% fee set earlier. ARK 21Shares Bitcoin ETF lowered its fee to 0.21% from 0.25%

Bitcoin traded just below $47,000 mark as ETF frenzy continues: Report

The world's largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products

As Jio Fin awaits MF biz licence, this brokerage sees 24% upside in stock

On the bourses, shares of Jio Financial Services advanced 3.2 per cent to Rs 242 apiece on the BSE in Thursday's intraday trade

Jio Financial-BlackRock JV applies for mutual fund licence with Sebi

The joint venture between Jio Financial Services and BlackRock has applied for a mutual fund licence with the market regulator, and the application is currently under consideration, according to a SEBI update. An update on mutual fund approval status from the Securities and Exchange Board of India (Sebi) as of December 31, 2023, lists Jio Financial Services & BlackRock Financial Management among the applicants under consideration for a mutual fund licence. Jio submitted its application on October 19, and Sebi's status report showed that it is "under process". Jio Financial Services Ltd, the newly demerged financial services arm of billionaire Mukesh Ambani's Reliance, and BlackRock announced an agreement in July 2023 to form a 50:50 joint venture with a USD 150 million investment each to enter the asset management business in India. "Jio BlackRock combines Jio Financial Services' knowledge and resources with BlackRock's scale and investment expertise to deliver affordable, ...