Wednesday, October 07
JioBlackRock Investment Advisers, the 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock Inc, has received the green light from capital markets regulator Sebi and BSE to begin operations as an investment adviser in India.This approval marks another key step for JioBlackRock after Sebi had already approved JioBlackRock AMC in May to manage its mutual fund business in India.With this new license, JioBlackRock Investment Advisers can now focus on building a digital-first investment advisory service aimed at modern Indian investors. The company plans to share more details about its innovative offerings closer to the launch."We are pleased to announce that JioBlackRock Investment Advisers has received regulatory approval, marking a significant milestone in our partnership w
U.S. importers are increasingly relying on customs brokers to keep up with President Donald Trump's ever-changing trade policies. But booming demand for help in processing foreign goods has made these services more expensive, adding another cost to the tariff burden, industry players told Reuters. Customs brokerages, until recently an anonymous branch of the import ecosystem, handle the paperwork needed to process shipments and calculate tariff bills. Mom-and-pop brokers interviewed by Reuters say they are raising fees, while major logistics firms like Memphis, Tennessee-based FedEx and Germany-based DHL are also adding staff to their customs compliance teams. Market research firms ballpark customs brokering as a roughly $5 billion industry in the United States. Hiring a broker is optional
