Eyes on a business of ₹ 70 lakh crores, the world's most powerful man is coming to India to do business by joining hands with Ambani, he is the owner of half of America!

World's Most Powerful Company: US President Donald Trump recently threatened the CEO of Apple to end its business in India or face a 25 percent tariff. Trump is trying to drive American companies away from India with the sword of tariffs, but his ploy does not seem to be working.

Jio BlackRock Deal : US President Donald Trump recently threatened the CEO of Apple to wind up his business in India or face a 25 percent tariff. Trump is trying to drive American companies away from India with the sword of tariff, but his trick does not seem to be working. Another big American company is standing at India's doorstep. The joint venture of Jio Financial and BlackRock has got the green signal from SEBI to start mutual fund business. With this approval, the world's largest asset management company BlackRock is coming to do business in India in association with Reliance. JioBlackRock Asset Management Private Limited Company will soon start mutual fund business in India. With this partnership, Ambani will target the business of Rs 70 lakh crore.

BlackRock is going to enter the mutual fund business in collaboration with Jio. With this partnership, BlackRock is entering the business in India. BlackRock has entrusted Sid Swaminathan with the responsibility of starting this partnership and business in India. It is certain that with the Jio BlackRock deal, many changes will be seen in the business of Indian mutual funds.

The most powerful man is coming to do business in India

BlackRock is the world's largest asset management company. The company maintains a business of $11.58 trillion. If we compare it with India's GDP, it is almost three times India's GDP. The dominance of this company can be gauged from the fact that BlackRock manages 10 percent of the world's total shares and bonds. It would not be wrong to say that BlackRock is the world's largest shadow bank. It has stakes in the world's biggest companies. The command of this company is in the hands of BlackRock's CEO and Chairman Larry Fink.

Occupies half of America, still no name in the list of rich

You can guess the status of BlackRock from the fact that this company has assets worth less than half of America's GDP. BlackRock has assets worth $11.6 trillion, while America's GDP is $30 trillion. This means that BlackRock has assets worth less than half of America's GDP. Now you must be wondering why Larry Fink's name is not in the list of billionaires despite so much wealth. Actually, the money that BlackRock Asset Management Business has is public deposits, which people have invested in BlackRock in mutual funds or other market related schemes.

How BlackRock started

Lawrence D Fink started BlackRock in 1988 along with his 7 friends. He took charge of the firm for 37 years and made BlackRock the world's largest asset management company. Now this company has turned to India. Actually, India's mutual fund industry is growing rapidly. The scope of this asset under management has spread to Rs 70 lakh crore. GeoBlackRock is eyeing this sector for quick decisions. In the last 10 years, this sector has registered growth at the rate of 18 percent.

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