Jio BlackRock receives Sebi approval to start brokerage business; JFSL stock up 4%

Jio BlackRock Broking Pvt Ltd. has secured SEBI approval to operate as a brokerage firm, complementing its parent company's investment advisory services. This move, alongside approvals for asset management, enables the Jio BlackRock joint venture to offer comprehensive investment solutions to Indian investors. The company aims to democratize investments through affordable, tech-driven platforms.