Tapash Barman

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Trump Media Stock rally 40% in pre market.

Tesla surges by 14%.

This comes more than a year after Jio Financial Services said that it signed a joint venture (JV) agreement with BlackRock to foray into the Indian asset management space. At the time, it said that Jio Financial Services and BlackRock would target an initial investment of $150 Mn each in the JV, where both entities will own 50% stake each in the newly formed digital-first company.

However, the final approval for registration will be granted by Sebi subject to fulfillment of the requirements by Jio Financial and BlackRock, set out in regulator's letter to the company.