Jio Financial Services and BlackRock, a joint venture : Brief Analysis by Sanjeedeep Mishra.

Jio Financial ropes in BlackRock to disrupt India’s asset management industry. The two have signed an agreement to form a 50:50 joint venture to offer investment solutions. JFS and BlackRock are targeting initial investment of $150 million each in the joint venture, to be named Jio BlackRock. This is a second attempt for BlackRock in Indian Market.

Previously, the DSP-Blackrock split came about because the two co-owners both wanted to own 100% of the business. Since DSP was the majority stakeholder, it was able to have its way. In the past, this AMC was called DSP Merill Lynch but was renamed after the takeover of Merill Lynch by BlackRock.

BlackRock said it sold its stake in the joint venture because it could not integrate DSP BlackRock onto its technology and operating platform since it was a minority stakeholder. BlackRock was keen on continuing the business alone and was considering buying out DSP’s 60% stake in the asset management firm. However, that didn’t happen.

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Nifty Analysis for 5th December, 2023

1. The S&P 500 declined 0.54% to end the Monday session at 4,569.78 points, with megacaps Microsoft (MSFT.O), Apple (AAPL.O), Nvidia (NVDA.O) and Amazon (AMZN.O) dipping over 1%, pressured by higher U.S. Treasury yields. The Nasdaq declined 0.84% to 14,185.49 points, while Dow Jones Industrial Average declined 0.11% to 36,204.44 points. Gold fell more than 2 percent after hitting an all-time high on Monday. 4. Oil prices fell on Monday on concern about a drop in demand and on continued uncertainty about the depth and duration of OPEC+ supply cuts. Technical Analysis WallSt. ended lower on Monday, interrupting last week's rally, as investors are cautious ahead of employment data due this Friday that could alter expectations that the Fed will cut interest rates early next year. Asian Markets are currently trading lower, taking cues from the WallSt. KOSPI is trading in the red despite South Korea's inflation eased for the first time in four m

TATA Power : Research Report

Automobile Sector of India : Sectoral Report by Sanjeedeep Mishra

India is the world’s third-largest Automobile market The Automobile industry produced a total 22.93 Mn vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles in April 2021 to March 2022. India holds a strong position in the international heavy vehicles arena as it is the largest tractor manufacturer, second-largest bus manufacturer, and third largest heavy trucks manufacturer in the world.

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