Why JioBlackRocks quiet launch could shake up Indias investing future
News Source : Livemint
News Summary
- Mukesh Ambani-led Reliance Industries Ltd (RIL) is not known to play second fiddle in any industry it sets its sights on.
- BlackRock, with assets under management of a staggering $11 trillion, is referred to as the third most important economic entity on the planet, behind only the US and China.
- This is BlackRock’s second innings in the Indian mutual fund arena, after its 10-year JV with DSP ended abruptly in 2018.
Mumbai When Indias largest company announced a bigbang joint venture (JV) with the worlds biggest asset manager to enter the countrys fastgrowing mutual fund industry, it marked the coming togethe [+16131 chars]
Never miss a story from us, subscribe to our newsletter