Blackrock

AI analytics firm Pyramid Analytics secures $50 mn from BlackRock

The Amsterdam-incorporated company, which has offices in London, New York City and Tel Aviv, declined to disclose its equity valuation following the investment

India bond ETFs likley to draw billions as Amundi, BlackRock join race

Indian bonds have attracted $15.7 billion of inflows this year, the most in Asia behind China, South Korea and Japan, data compiled by Bloomberg show

BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost

Assets managed by BlackRock shot up to $11.48 trillion in the third quarter, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter

Sebi gives in-principle nod to Jio Fin-BlackRock for mutual fund entry

Jio's entry in the MF space is expected to spruce up the competition in the industry which currently has over Rs 66 trillion in assets under management

Sebi grants approval to Jio Financial, BlackRock for setting up MF business

The companies signed a second joint venture in April to set up a wealth management and broking business in the country

BlackRock chases private credit deals across sectors in record India market

India is a bright spot for private credit in Asia as Prime Minister Narendra Modi's ambitious growth targets and deregulation initiatives spur increased funding needs of local firms

Blackrock, Microsoft join hands to raise $30 billion for AI investments

The infrastructure investments - including energy projects - will be mostly in the US, with a portion of the funds to be deployed in US partner countries, the companies said in a statement

Temasek nears deal to acquire a significant minority stake in VFS Global

Blackstone will remain the majority shareholder in VFS after the transaction, the people said. Considerations are ongoing and no final decisions have been made, they added

Jio Financial, BlackRock Advisors enter JV for investment advisory services

Jio Financial Services on Sunday said it has formed a joint venture with BlackRock Advisors Singapore Pte Ltd to undertake investment advisory business. Jio BlackRock Investment Advisers Private Limited was incorporated on September 6 to carry on the primary business of investment advisory services, subject to regulatory approvals, Jio Financial Services said in a filing. The company will invest Rs 3 crore towards an initial subscription of 30,00,000 equity shares of face value Rs 10 each, it said. The Certificate of Incorporation was received from the Ministry of Corporate Affairs on September 7, 2024, it added. Jio Financial Services Ltd, the demerged financial services arm of billionaire Mukesh Ambani's Reliance, had earlier announced a joint venture for asset management and wealth management with BlackRock. Last month, Jio Finance Ltd, an NBFC arm of Jio Financial Services, said it is in the advanced stages of launching home loans, which have been rolled out in beta mode. Bes

Sanlam eyes India wealth management after BlackRock, Jio join contest

Insurer plans to build out its partnership with Shriram Capital Group in India by adding an equal joint venture covering wealth and advice services, doubling down on an initial 2005 investment

BlackRock to initiate auction for Amazon aggregator once valued at $1 bn

An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L Catterton-backed firm has been scheduled for Sept. 17 at a Berlin hotel

BlackRock buys 4.55 mn shares of Swan Energy worth Rs 304 cr via block deal

Global asset manager BlackRock on Monday bought shares of Swan Energy for Rs 304 crore through open market transactions. US-based BlackRock through its three affiliates acquired 45.56 lakh shares, amounting to a 1.45 per cent stake in Mumbai-based Swan Energy, as per the block deal data available with the National Stock Exchange (NSE). The shares were picked up at an average price of Rs 668.27 apiece, taking the combined deal size to Rs 304.50 crore. Meanwhile, Mauritius-based private equity fund 2i Capital PCC, EOS Multi-Strategy Fund AIFLNP VCIC, Dovetail India Fund, Epitome Trading and Investments and Paulomi Ketan Doshi were among the entities which offloaded shares of Swan Energy. The shares were disposed of in the price range of Rs 666.20-692.60 per piece. Shares of Swan Energy jumped 5 per cent to close at Rs 692.60 apiece -- its upper circuit limit -- on the NSE. Swan Energy operates across sectors including textiles, real estate, energy, and petrochemicals.

G.O.A.T Brand Labs raises $21 mn from BlackRock, Mayfield, others

While GOAT has completed the $21 million raise, the round is likely to get extended and close at about $30 million given the interest and the active discussions

Asset manager BlackRock to buy UK data firm Preqin for $3.2 bn in cash

BlackRock, which manages more than $10 trillion, is seeking to capitalise on a boom in demand from investors for alternative assets

Google acquires stake in Taiwan solar power firm owned by BlackRock

Google and BlackRock both declined to specify the size of the equity stake being taken in NGP

Ahead of JP Morgan's inclusion, HSBC sees $250 mn of India swap deals

The British bank, via its unit in the International Financial Services Centres Authority, carried out the so-called total return swap deals worth more than $250 million

India bond ETF assets grow by a third after index inclusion announcement

LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs

BlackRock stays bullish on Indian bonds brushing aside Modi's narrow win

India's financial markets were jolted Tuesday as results showed Modi's party losing its majority in parliament, an outcome that Moody's Ratings said may delay more far-reaching economic reforms

BlackRock's $20 bn ETF is now world's largest bitcoin fund: Report

The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg

BlackRock sans Fink? Shareholders fret about asset management firm's future

Today, it's a caretaker of $10.5 trillion of investor money and a provider of sophisticated trading technology, and Fink has been an informal financial adviser to many governments, including the US