Alphabet’s $900 Million SpaceX investment grows to $94 Billion
New Delhi: Google’s parent company, Alphabet, has fully reaped the benefits of its early investment in Elon Musk’s SpaceX, with its shares more than 100 times their initial value in...
Tag: BlackRock
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Mukesh Ambani strengthens Jio Financial’s growth with global partnerships
New Delhi: Mukesh Ambani’s financial services company is growing at a fast pace, and is attracting some of the world’s most prominent financial figures with its Jio Financial Services (JFS)....
Indian-origin CEO Bankim Brahmbhatt in a $500 Million Fraud Case
New Delhi: Bankim Brahmbhatt, an Indian-origin businessman, is now in the news for a huge money fraud case worth $500 million (around ₹4,000 crore). He was the head of some...
Why the Jio brand won’t help BlackRock disrupt India’s MF...
If there’s one brand that’s synonymous with disruption in the Indian market, it has to be Jio. Mukesh Ambani’s smart move of buying the only company that won the pan-India...
BlackRock bets big on India, 1,200 jobs up for grabs
New Delhi: BlackRock, the world’s biggest asset management company, is planning to grow its team in India by hiring around 1,200 new employees. This hiring spree is mainly for its...
Jio Financial and BlackRock’s Mutual Fund Venture Gets SEBI’s Approval
New Delhi: BlackRock Inc., the world’s largest asset manager, is in talks with Mukesh Ambani’s Jio Financial Services to establish a 50-50 joint venture, focusing on private credit in India....
BlackRock’s drastic move: Byju’s valuation plummets 95% to $1 Billion
New Delhi: BlackRock has recently devalued its stake in Byju’s, reducing the implied valuation of the Indian startup to approximately $1 billion from the $22 billion reported in early 2022....
How did a $47 billion company go bankrupted?
New Delhi: WeWork, the once high-flying flexible office-space company co-founded by Adam Neumann and backed by major investors like SoftBank, BlackRock, and Goldman Sachs, has taken a remarkable tumble by...
Jio Financial in collab with Blackrock; guess why?
New Delhi: The largest asset manager in the world, BlackRock, and Jio Financial Services Ltd., the former financial lending division of Reliance Industries Ltd., have teamed up to launch an...
BlackRock to raise up to $7 billion for Fourth Global...
New Delhi: BlackRock, the world’s largest asset manager, has announced plans to raise up to $7 billion for its fourth Global Renewable Power Fund. The fund aims to support climate-friendly investments...
