JioBlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore ($2.1 billion).
BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
Lace is no longer just the cute, dainty fabric your grandma loved. Now, it has entered its racy era with sultry silhouettes, sheer panels, dreamy corsets and dramatic trains.
The joint venture of Jio Financial Services and BlackRock to foray into India's asset management space could be disruptive but not disastrous for incumbent industry players, analysts said on Thursday. As an investment strategy, analysts suggest investors stay put in shares of those AMCs that consistently improve business metrics, and where market capitalisation-to-asset under management (AUM) valuation is not stretched. However, growth expectations of incumbent players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans, discounting the looming challenge as significant enough to dent their profitability.
BlackRock Inc has executed a purchase agreement to acquire Barclays Global Investors, including its market leading ETF platform, iShares, from Barclays Plc, the company said. The transaction would create an independent and fully integrated asset management firm named 'BlackRock Global Investors' with combined assets under management of over $2.7 trillion, bringing together market leaders in active and index strategies.
Bollywood ladies kicked off the year in sheer elegance. Donning beautiful outfits, from lehengas and saris to short dresses and suits, January was definitely high on fashion.
David Miller smashed a brilliant half-century while Marco Jansen picked up four wickets as South Africa thrashed India by 76 runs in the ICC T20 World Cup Super 8s match.
K-pop stars have taken over India; the youth love their music, movies and TV shows. K-pop fashion too has become a massive trend.
The deal values the firm at more than $9 billion.
'When markets go into a budget with excessive optimism, the risk of disappointment is higher.'
Jio BlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock, has received regulatory approval from the capital market regulator Sebi to commence operations as an investment manager for its mutual fund business. The Securities and Exchange Board of India (Sebi), vide letter dated May 26, 2025, has granted the certificate of registration to 'Jio BlackRock Mutual Fund' and approval to Jio BlackRock Asset Management Private Limited to act as the Asset Management Company for Jio BlackRock Mutual Fund, JFSL said in a regulatory filing.
Who said nightwear has to be boring old tees and faded pyjamas? Pyjama parties, girls' nights and sleepovers are the perfect excuse to dress down in the best way.
Once upon a time, leopard print had a bad rap. It was loud, it was flashy and it was filed under 'tacky if not done right.'
The 68th Grammy Awards began at the Crypto.com Arena in Los Angeles.
World's largest asset manager Blackrock will host a global investors meet in India next year, CEO Laurence Flik conveyed to Prime Minister Narendra Modi.
'Indian markets may underperform global peers for the next two quarters.' 'But beyond that, India should catch up and resume its long-term growth path.'
Chic, confident and a little rebellious, faux leather outfits are the perfect alternatives to sequins this season.
Sona Bahadur's Goa currython yielded interesting results.
New York-headquartered hedge fund BlackRock Inc has acquired the 40 per cent stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers, in a move that signals the world's fifth largest asset manager's entry into the booming Indian market.
The competitive intensity in the mutual fund (MF) industry is moving beyond scheme performance, cost structures, and distribution. In recent months, several fund houses have rationalised exit loads applicable on redemptions.
Arsenal beat Bournemouth 3-2 on Saturday to extend their lead at the top of the English Premier League.
Most days, the Premante actress is all about classic saris and that girl-next-door grace but the minute she slips into western wear, its pure slay mode.
Shriya Saran might be known for her powerful screen presence, but off duty, she's a beach girl at heart.
Sonam Kapoor, who is expecting her second child with husband Anand Ahuja, has been redefining maternity fashion, one stunning look at a time.
With her latest film Ikk Kudi, Shehnaaz Gill is once again proving she's more than just everyone's favourite Punjab di ladki.
Manika Vishwakarma walked into Miss Universe not just as a contestant, but as a statement of modern India -- confident, cultured and completely in her element.
Her laid-back style is perfect for the no-drama girl who wants comfort without compromising on the chic.
Lionel Messi's much-hyped visit to the Salt Lake Stadium in Kolkata on Saturday lasted 22 minutes, just enough to underline everything that is wrong in Indian football and the state administration's mismanagement.
The strong domestic flow offset selling by foreign portfolio investors who pulled out $23.3 billion (Rs 2.03 trillion) from domestic equity markets in CY25.
Prime Minister Narendra Modi initiated a discussion on 150 years of Vande Mataram in the Lok Sabha, recalling the Emergency period when the national song completed 100 years.
Fresh off the release of Thamma, Rashmika Mandanna is proving that her style game is as solid as her screen presence.
Whether it is summer or winter, bikinis are a holiday staple for Bollywood's celebs and they know just how to rock them.
Animal prints have always been in fashion. They are bold, beautiful and make you stand out. This winter, don't be shy to embrace this trend.
From a reluctant engineering student to one of India's most loved viral choreographers, Noel Alexander's rise has been nothing short of cinematic.
'India is quickly becoming the beating heart of modern chess, and its role as an economic power is more and more visible.'
This Lakme Fashion Week x FDCI wasn't just about the clothes, it was about the moments. And the showstoppers? Pure magic.
Like every year, Bollywood went full glam for the festive season and impressed us.
Names and names and names and names... 329 in all. Some Indian. Some Canadian. Some British. Berry. Gupta. Jain. James. Bhatt. Beauchesne. Chatlani. Enayati. Lougheed.... Vaihayasi Pande Daniel visits Ahakista, Ireland, home to the memorial for the worst terrorist atrocity in India's history.
'Amrishji had a fascination for the colour red and wanted it in every movie costume of his.'
Celebs everywhere are ditching the done-to-death cholis and opting for corsets instead. From saris to lehengas, these cinched up fits are giving desi wear a hot new update.
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