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Apps · India(Reuters) -Jio BlackRock Asset Management said on Monday it has raised more than $2.1 billion across three cash or debt mutual fund schemes, its first offering since getting the licence in May. Jio BlackRock is a joint venture between Jio Financial Services, part of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, and U.S.-based BlackRock. The three-day maiden offer attracted investments from over 90 institutional investors and from m…See the Story
Jio BlackRock Raises More than $2.1 Billion Through Debut Mutual Fund Offers
40% Right coverage: 10 sources

Business · IndiaIndia will launch a $234 million incentive programme for civil and military drone makers to reduce their reliance on imported components and counter rival Pakistan's programme built on support from China and Turkey, three sources told Reuters.
India's push to build more home-grown drones stems from its assessment of the four-day clash with Pakistan in May that marked the first time New Delhi and Islamabad utilized unmanned aerial vehicles at sca…See the Story
India Unveils $234m Drone Scheme in Response to Pakistan Conflict
50% Right coverage: 4 sources