{"id":10425,"date":"2024-04-16T12:06:22","date_gmt":"2024-04-16T12:06:22","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=10425"},"modified":"2024-04-16T12:06:22","modified_gmt":"2024-04-16T12:06:22","slug":"indias-jio-financial-services-rises-5-after-blackrock-wealth-management-jv","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/10425\/","title":{"rendered":"India&#8217;s Jio Financial Services rises 5% after BlackRock wealth management JV"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0Shares of Jio Financial Services rose as much as 5% on Tuesday, a day after the company entered into a new joint venture with BlackRock to set up a wealth management and broking business in India.<\/p>\n<p>The stock was last up 3.5% at 366.65 rupees, while the broader market (.NSEI) was down 0.7%. The stock has jumped 40% since it was spun out of billionaire Mukesh Ambani-led Reliance Group last year. It had fallen 4.8% on Monday.<\/p>\n<p>Jio Financial and BlackRock&#8217;s their second joint venture aims to tap into India&#8217;s increasingly lucrative wealth business and on the growing tribe of retail investors as the country&#8217;s benchmark stock indices hovering near record highs.<br \/>\nThe duo had launched an asset management venture last year.<\/p>\n<p>While the Nifty 50 has gained 1.9% so far this year, Jio Financial has surged 52%, enroute to multiple record highs after falling 11% in 2023. The company is currently valued at around 2.33 trillion rupees (nearly $28 billion). ($1 = 83.5270 Indian rupees)<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2024-04-16T12:06:22+00:00\"> 16 April 2024<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Shares of Jio Financial Services rose as much as 5% on Tuesday, a day after the company entered into a new joint venture with BlackRock to set up a wealth management and broking business in India.","protected":false},"author":1,"featured_media":10426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,17,46,36,35],"tags":[],"services":[],"class_list":["post-10425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-economy","category-international","category-lastnews","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/10425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=10425"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/10425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/10426"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=10425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=10425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=10425"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=10425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}