The translated heading is: "India's financial market receives new impetus through Jio Financial and BlackRock.

The Reliance Group, led by Mukesh Ambani, is bringing fresh momentum to the Indian financial market with its financial arm, Jio Financial, and the US giant BlackRock. The two companies have received preliminary approval from the Indian market regulator to jointly sponsor an investment fund. However, for final approval from the Securities and Exchange Board of India, certain conditions must still be met, about which the parties remain discreet. Interestingly, this coincides with the recent demerger of Reliance Industries in July 2023, where the companies also announced a 50:50 joint venture to introduce asset management services in India. As early as April, Jio Financial and BlackRock had announced a second collaboration to establish an asset management and brokerage business in the country.