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🚀 Big News in Finance! 🚀 Jio Financial and BlackRock have received in-principle approval from SEBI to co-sponsor and set up a mutual fund business in India! 🌟 Joint Venture: A 50:50 partnership to launch asset management services. Wealth Management: Another venture to set up wealth management and broking services. Stay tuned for more updates as they fulfill the final requirements! 📈 #Finance #Investment #MutualFunds #WealthManagement #JioFinancial #BlackRock #India

Jio Financial Services and BlackRock's collaboration has taken everyone by storm!🚀 Reliance recently announced a 50-50 joint venture between Jio Financial Services and BlackRock to establish an asset management and brokerage firm. 💼 Stay tuned with us to witness the disruption as BlackRock and Jio join forces to shake up the banking and finance industry!🌟 How do you think this venture will turn out? Comment below! #FinanceNews #JioFinancials #BlackRock #JointVenture #jio #ambani #finance #broker #insurance #digital #choice

Morgan Stanley on Friday bought shares worth ₹244 crore in Paytm's parent company One97 Communications, representing a 0.8 per cent stake. So is #paytm back? Securities and Exchange Board of India (SEBI) requires institutional investors to adhere to certain guidelines when acquiring 1% or more stake in a listed company. In simple words, when acquiring 1% or more in a publicly listed company, the institutional investors cannot take an easy exit as #sebi restrictions are put when they want to sell their stake. However, #morganstanley didn't acquire an one percent stake. ××Disclaimer : The material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations. Do you own research and invest wisely.××

Late post. Shared with the SEs on Monday. Jio Financial Services, BlackRock, Inc. (“Blackrock, Inc.”) & BlackRock Advisors Singapore Pte. Ltd. (“Blackrock”), at 6.35 p.m. signed an agreement to form a 50:50 joint venture between the Company & Blackrock, for the purpose of undertaking wealth business including incorporation of a wealth management company & subsequent incorporation of a brokerage company in India This jv further strengthens the Company’s relationship with BlackRock Inc., with whom the Company had announced a 50:50 jv on July 26, 2023 to transform India’s asset management industry through a digital-first offering & democratise access to investment solutions for investors in India The launch of the wealth management & broking business is subject to regulatory & statutory approvals

🚀 Exciting News in the Finance Sector! 🚀 Jio Financial Services is making waves again with its latest announcement! The company has inked a groundbreaking deal with BlackRock Advisors Singapore, forming a 50:50 joint venture to delve into the world of wealth management and broking business. The joint venture will pave the way for a new era of financial services, with plans to establish a wealth management company and subsequently a brokerage company right here in India. 🇮🇳 This strategic move follows JioFin's commitment to revolutionize India's asset management industry by offering digital-first solutions and democratizing access to investment opportunities. While we eagerly await regulatory approvals, this partnership underscores Jio Financial's dedication to innovation and growth in the finance sector. For more details, check out the full article [ https://lnkd.in/dE_gNr3r #JioFinancial #BlackRock #FinanceNews #WealthManagement #BrokingBusiness #Innovation #Partnership

🌟 Exciting News in the Finance Sector! 🌟 Reliance Industries Ltd. is making waves with the conversion of Jio Financial Services (JFS) into a Core Investment Company (CIC). 📊 This strategic move marks a significant milestone for India's financial landscape, enhancing JFS’s capabilities to invest in and promote various financial ventures. 🚀 The CIC conversion will streamline JFS's operations, enabling more robust investments and financial services. 💼 JFS is set to bolster its market presence and drive financial inclusion across India by focusing on a broader range of financial products. 🇮🇳 This transformation aligns with Reliance's vision to leverage technology and innovation to create a financially empowered nation. 🌐 The CIC structure will provide JFS greater flexibility in deploying capital across its subsidiaries and joint ventures. 🏦 This move is expected to attract more investors, providing a stable and regulated framework for growth. 📈 With a strong foundation in digital services, JFS aims to integrate cutting-edge technology in its financial offerings, from digital payments to consumer lending. 💳 As JFS embarks on this new journey, the focus will be on delivering value-driven financial solutions to millions of Indians. 🏅The conversion is a testament to Reliance’s commitment to transforming the financial services sector through strategic investments and innovative solutions. 🌟 Stay tuned for more updates as JFS continues redefining India's financial landscape! #Finance #Investment #JioFinancialServices #RelianceIndustries #Innovation #FinancialInclusion #DigitalTransformation

𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗜𝗣𝗢𝘀 𝘄𝗶𝘁𝗵 𝗦𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀 𝗤𝘂𝗼𝘁𝗮 𝗶𝗻 𝟮𝟬𝟮𝟰! 📈 𝗪𝗵𝘆 𝗶𝘁 𝗶𝘀 𝗚𝗼𝗼𝗱 𝗼𝗿 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁? This is the best way to increase chance of allotment in trending IPOs. for this we need to hold just one single share of its parent company to be eligible for apply! It does not benefit investors only, but it also benefits IPO firms as well. With this your possibility of getting allocated while it also helps an IPO succeed. 𝗕𝗲𝘁𝘁𝗲𝗿 𝗮𝗹𝗹𝗼𝘁𝗺𝗲𝗻𝘁 𝗰𝗵𝗮𝗻𝗰𝗲𝘀. Generally, the retail sector receives a higher number of subscriptions than the shareholder quota. A known instance is Ujjivan Bank IPO, wherein, retail sector was subscribed 48 time than shareholders quota which was only 4 times. It indicates that the shareholder quota has far more allocation odds because it has additional layer of qualification requirement relating to owning a single share of parent company. 𝗟𝗶𝘀𝘁𝗶𝗻𝗴 𝗚𝗮𝗶𝗻𝘀 💸 The allocation of shares under shareholder quota in the current issue will give very high listing profits if it gets listed at good premium. 𝗚𝗲𝘁 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗮𝗻𝗱 𝘀𝗵𝗮𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀 : https://lnkd.in/d7XyHP4u

✅ Jio Financial Services and BlackRock have entered into a joint venture for wealth management and broking business in India. 🔶  The 50:50 Joint Venture will involve incorporating a wealth management company and a brokerage firm with a $150 million investment each. 🔶This comes after their July 2023 agreement to form a similar Joint Venture for asset management, awaiting regulatory approval. 🔶The launch of wealth management and broking services is subject to regulatory approvals. 🔶Both entities are also waiting for mutual funds license approval from SEBI. 🔶Jio and BlackRock aim to leverage India's growing affluence and digital transformation to revolutionize the asset management industry. 🔶Jio Financial Services' shares fell 4.82% on the news. Equivaluesearch Saumitra Mondal #Finance #JointVenture #Wealth

Here's how NBFCs can handle increased scrutiny and an uncertain economy: #FinanceWrapIndia #LinkedInNewsIndia (1)Must follow the regulations, don't forget Kotak, PayTM etc. Regulator will take necessary actions without afraid of loss of your business after giving reasonable time frame to correct. (2) By adopting new technologies for products and services. customers are expecting more and it is possible through technologies only. (3) Market is big but genuine practices will make a difference in a long term hence, adopt genuine practices in HR, Sales, Services and in Products. (4) Innovative product and segment focused products will be helpful for faster growth. (5) Invest wisely (6) Focused on Transparent Corporate Governance, don't be another Satyam. Appoint Independent Directors who are capable to guide Board. Diversification is necessary in Board. Do Healthy Discussion on company matters during Board meetings. (7) Keep Board Meetings regularly to create and track Business Progress. (8) Supportive and Encouraging culture of work & personal life is must to retain talent. Don't think that your old practices or malpractices will not affect your Human Resources. Today's generation is sharing everything on Social media. (9) Plan for everyone in your company even for a Peon & Driver to Board Members. (10) Celebrate and Fight for Goals together.

Jio Financial Services Shares Surge Amid Rising Valuation Concerns | FinBrook - #JioFinancialServices #FintechIndia #IndianStockMarket #FinancialInnovation #JIOFIN #FintechGrowth #MarketCap #InvestmentOpportunities #IndianEconomy #TechPartnerships