Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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JioBlackRock Closes NFO For New Funds With $2.1 Bn Investment
Financial ManagementInvestment Banking
JioBlackRock has closed the NFO (New Fund Offer) for new funds with ₹2.1 billion in investment. This successful fundraise marks a strong start for the joint venture between Jio Financial Services and BlackRock, a global asset management giant. An NFO is when a mutual fund scheme is first launched to raise capital from investors. The substantial investment indicates strong market confidence in the new funds and the partnership, positioning JioBlackRock to become a significant player in India's asset management industry.
