Jio Financial Services and BlackRock partners to enter asset management entry with joint venture “Jio BlackRock”

2023-07-27 01:27 AM by Alex Smith

Jio Financial Services and BlackRock have agreed to form a joint venture called Jio BlackRock, with equal ownership. The partnership aims to provide affordable and innovative investment solutions to millions of investors in India through the combination of BlackRock’s expertise and JFS’s local market knowledge and digital infrastructure capabilities. Jio BlackRock will benefit from BlackRock’s …

Jio Platforms Records Rs. 5,098 Crore Net Profit in First Quarter Driven by 5G Adoption

2023-07-23 04:04 PM by Alex Smith

Jio Platforms, a digital services company, announced a 12.5% increase in net profit for the June 2023 quarter, reaching Rs. 5,098 crore. This growth can be attributed to the addition of subscribers and higher realization per user. In the same period last year, the company recorded a net profit of Rs. 4,530 crore. The revenue …

JioPhone 5G: Leaked Live Images Reveal Design; Rumored Specifications and Launch Timeline

2023-06-23 01:51 AM by Alex Smith

Reliance Jio, the telecommunications company led by Mukesh Ambani, has plans to release the JioPhone 5G later this year. Recently leaked live images of the alleged device have provided new insights into its design. According to a tipster on Twitter, the JioPhone 5G is expected to feature a dual rear camera setup and come in …