Page 7 - Blackrock

Byju's raises $200 mn in fresh funding; valuation surges to $12 bn

BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising

BlackRock-led consortium to invest Rs 4,000 cr in Tata Power Renewables

The BLK SPV, along with Mubadala as co-investor, will invest Rs 4,000 crore in two equal tranches of Rs 2,000 crore each

BlackRock receives $114 bn in net flows amid market turmoil

Equity funds led the way, with a $76 billion haul, while bond funds saw $7.5 billion

AIG says BlackRock will manage up to $150 billion of its assets

The insurer has been sharpening its focus on its core operations and making necessary preparations to split off its life and retirement unit, which is planned for the first half of this year

Ukraine war put an end to globalisation, says world's largest fund manager

Fink said the Coronavirus pandemic had already set these wheels in motion, CNN reported

BlackRock halts purchases of Russian securities in active and index funds

BlackRock Inc, the world's largest asset manager, said it had halted purchase of all Russian securities in its active and index funds as of Monday after Russia's invasion of Ukraine

BlackRock's Fink defends push for companies to value more than profits

Fink built on themes he has sounded in previous January missives to other CEOs, calling on them to find a purpose and to take account of issues like climate change

BlackRock Q4 profit beats estimates as assets cross $10 trillion

Assets under management stood at $10.01 trillion at the end of the quarter, up from $8.68 trillion a year earlier.

BlackRock-led group of investors wins $15.5-billion Saudi Aramco deal

The group will buy a 49 per cent stake in Aramco Gas Pipelines

China regains favour among global investors who deem India overvalued

BlackRock has upgraded Chinese stocks as policy hurdles ease while trimming its exposure to Indian equities

BlackRock, Canada Pension bought more Paytm stock after weak market debut

BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday

BlackRock says it's time to buy China stocks and trim India exposure

'Because of the outperformance we've seen in India this year, on a relative basis, we are starting to take profits,' says a BlackRock exec

Where do the likes of Blackrock, CPPIB see value in India's biggest IPO

Paytm has signed up BlackRock and CPPIB together with the sovereign wealth funds of Singapore and Abu Dhabi as anchor investors for next week's Rs 18,300 crore ($2.46 billion) IPO

BlackRock raises $673 million for climate-focused infrastructure fund

BlackRock Inc said it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments

BlackRock raises $673 million for climate-focused infrastructure fund

BlackRock and the fund's other backers are trying to muster more support for such emerging markets-focused initiatives at the COP26 United Nations Climate Change Conference in Glasgow

Paytm to raise about Rs 8,250 crore from anchor investors

This anchor round will be the largest India has ever seen, say insiders

Some airlines risk failure if they do not cut emissions faster

Several companies, such as HSBC Holdings plc, Zurich Insurance Group Ltd, Bain & Company and S&P Global Inc, have already announced plans to quickly cut business travel emissions by as much as 70%.

BlackRock gets new Saudi mandate to manage infrastructure fund

The size of the fund hasn't been determined yet, but it will be backed entirely by the National Development Fund, a Saudi government entity chaired by Crown Prince Mohammed Bin Salman

SBI does balancing act between financing coal projects, appeasing investors

Lender needs to finance coal projects to electrify more Indian homes, as it works with investors like BlackRock Inc that are keen on renewables.

BlackRock quarterly profit jumps as assets rise over $9 trillion

This compares to assets of $6.47 trillion a year earlier.