Jio Financial, BlackRock expand operations with new broking venture

Jio Financial Services, in partnership with BlackRock, has expanded into the broking sector with a new subsidiary, Jio BlackRock Broking. The JV, aiming to transform Indias wealth management space, also reported a 3.13% increase in Q2 FY25 net profit. Despite a 9.21% rise in shares over the past year, the stock has declined by 11.55% in the past month.