Blackrock

BlackRock Inc to sell $114 billion in securities of failed banks'

BlackRock's Financial Markets Advisory Group was established in 2008 to provide advice to governments, central banks and financial institutions

BlackRock slashes edtech giant Byju's valuation by about 50% to $11.5 bn

While BlackRock has slashed Byju's valuation by nearly 50 per cent, Invesco has cut Swiggy's stake value by over 23 per cent

Adani group met Pimco, BlackRock for potential private bond placement

Adani seeks to reassure international investors that the ports-to-power empire's finances are under control

BlackRock denied working on possible rival bid for Credit Suisse

BlackRock has denied that it's working on a possible rival bid for Credit Suisse Group AG

Truly sorry to those who'll have to leave Byju's, says Raveendran to staff

The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees

BlackRock's Q3 profit falls 16% as market volatility spooks investors

BlackRock's assets under management dropped 16% to $7.96 trn as a stronger dollar also piled on pressure by dampening the value of investments in key European and Asian markets

Tata's RE arm raises Rs 2k cr by issuing shares to BlackRock-backed firm

Tata Power arm Tata Power Renewable Energy on Thursday said it raised around Rs 2,000 crore by issuing 8.36 crore equity shares to BlackRock-backed GreenForest New Energies Bidco, according to a regulatory filing. Earlier in April this year, BlackRock Real Assets-led consortium, including Mubadala Investment Company, had inked a binding agreement with Tata Power to invest Rs 4,000 crore by way of equity/compulsorily convertible instruments for a 10.53 per cent stake in Tata Power Renewables Energy Ltd, translating to a base equity valuation of Rs 34,000 crore. The final shareholding will range from 9.76 per cent to 11.43 per cent on final conversion, it had said in April this year. "The board of directors of Tata Power Renewable Energy Ltd, a wholly-owned subsidiary of the company, today approved the allotment of 8,36,05,049 equity shares of Tata Power Renewable Energy Ltd of the face value of Rs 10 each at a price of Rs 239.22 per equity share (including premium of Rs 229.22) ...

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

Blackrock, Mubadala to invest in Tata's renewable arm via rights issue

Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake

Byju's raises $200 mn in fresh funding; valuation surges to $12 bn

BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising

BlackRock-led consortium to invest Rs 4,000 cr in Tata Power Renewables

The BLK SPV, along with Mubadala as co-investor, will invest Rs 4,000 crore in two equal tranches of Rs 2,000 crore each

BlackRock receives $114 bn in net flows amid market turmoil

Equity funds led the way, with a $76 billion haul, while bond funds saw $7.5 billion

AIG says BlackRock will manage up to $150 billion of its assets

The insurer has been sharpening its focus on its core operations and making necessary preparations to split off its life and retirement unit, which is planned for the first half of this year

Ukraine war put an end to globalisation, says world's largest fund manager

Fink said the Coronavirus pandemic had already set these wheels in motion, CNN reported

BlackRock halts purchases of Russian securities in active and index funds

BlackRock Inc, the world's largest asset manager, said it had halted purchase of all Russian securities in its active and index funds as of Monday after Russia's invasion of Ukraine

BlackRock's Fink defends push for companies to value more than profits

Fink built on themes he has sounded in previous January missives to other CEOs, calling on them to find a purpose and to take account of issues like climate change

BlackRock Q4 profit beats estimates as assets cross $10 trillion

Assets under management stood at $10.01 trillion at the end of the quarter, up from $8.68 trillion a year earlier.

BlackRock-led group of investors wins $15.5-billion Saudi Aramco deal

The group will buy a 49 per cent stake in Aramco Gas Pipelines

China regains favour among global investors who deem India overvalued

BlackRock has upgraded Chinese stocks as policy hurdles ease while trimming its exposure to Indian equities