Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Investing.com -- Jio BlackRock (NYSE:BLK) Investment Advisers received approval from India’s markets regulator to operate as an investment adviser, parent company Jio Financial Services announced.
JBIAPL is a 50:50 joint venture between billionaire Mukesh Ambani’s Reliance Industries (NSE:RELI) and BlackRock, the world’s largest asset manager.
The two companies invested 665 million rupees ($7.78 million) into the joint venture earlier this year, bringing their total investment to 845 million rupees.
This regulatory approval expands Jio-BlackRock’s financial services presence in India. The joint venture also recently secured approval from the Securities and Exchange Board of India to launch its mutual fund business in the country.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.