The world’s largest asset manager is re-entering India — and it’s doing so in a partnership with India’s richest man. Jio Financial Services and BlackRock said Wednesday they have agreed to form a joint venture, called Jio BlackRock, as the Indian conglomerate Reliance’s finance unit begins the lucrative asset management play in the South Asian…
While many venture debt lenders were skeptical the strategy would work for asset managers, BlackRock decided to take the plunge. Deal Dive: Maybe venture debt works for asset managers after all by Rebecca Szkutak originally published on TechCrunch
Blackrock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most Indian valuable startup continues to raise capital at a better price. Blackrock cut the value of Byju’s share by 62% in the quarter ending March this…
Watch out, woke investors—Ron DeSantis is coming to get ya, even if it means screwing over his own constituents.Read more…
This story was originally published by Grist. Sign up for Grist’s weekly newsletter here.Read more…
Nothing gets the conservatives riled up quite like companies promoting progressive values. As a result, a conservative nonprofit named Consumers’ Research is providing “Woke Alerts” to notify you when your favorite company goes too woke.Read more…
Some of the biggest Indian startups are taking a haircut in their valuations — at least in the eyes of their investors — as some backers adjust their estimates amid the weakening global economy. BlackRock has cut the valuation of Byju’s, which is India’s most valuable startup at $22 billion, to nearly half at $11.5…
Calling all asset managers, mid-tier bank employees, and financial sustainability advocates: You’re in league with the Devil, according to Utah’s State Treasurer.Read more…
The entity that once owned the poor, beleaguered Silicon Valley Bank, the main banking house for numerous tech-focused firms and venture capitalists, is officially holding up a white flag as it suddenly declared bankruptcy.Read more…
Those of you who who sit up at night fretting about how American financial institutions are getting too damn woke, don’t worry: Your champion has arrived, and he’s gunning for the 2024 GOP presidential nomination. On Tuesday, investor Vivek Ramaswamy, …
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