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Jio BlackRock debut: Fund launch raises $2.1 billion from 67,000 retail and 90 institutional investors; India-US venture sees strong traction after May licence nod

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Jio BlackRock Asset Management on Monday announced it has mobilised more than $2.1 billion (Rs 17,800 crore) through its debut offering of three mutual fund schemes, marking a significant entry into India’s asset management space just weeks after securing regulatory approval in May. The three-day New Fund Offer (NFO), which included cash and debt schemes, attracted wide participation from both institutional and retail investors, with over 90 institutions and more than 67,000 individuals subscribing to the funds, the company said in a statement, according to Reuters. Jio BlackRock is a 50:50 joint venture between Jio Financial Services, a part of Mukesh Ambani-led Reliance Industries, and US-based investment giant BlackRock. The partnership aims to reshape India’s mutual fund landscape with a digital-first strategy and a focus on cost-efficient, data-driven investing.According to the company release, the offering drew an “overwhelming response” from both segments. “From institutions to individuals, JioBlackRock Asset Management’s mutual fund schemes attract an overwhelming response,” the release added, as reported by ET.“The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management’s innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India’s evolving investment landscape, catering to all types of investors,” said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management.The NFO ranks among the largest in India’s cash and debt fund category and has positioned JioBlackRock Asset Management among the top 15 fund houses in terms of debt Assets Under Management (AUM), out of 47 players in the industry.The three schemes offer options for managing cash and short-term allocations tailored to varied liquidity, risk, and return preferences. The company said short-duration debt and money market mutual funds can provide yield-seeking investors with lower-volatility instruments that don’t involve long-term commitments, appealing to retail investors, corporate treasuries, and portfolio managers alike.To widen retail participation in future fund launches, the company has introduced an Account Creation Initiative that enables users to set up investment-ready accounts within minutes using the JioFinance app. Investors can begin by opening the app, tapping the ‘Invest’ tab on the homepage, and following the simple onboarding process.





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Tourist boat capsizes during a thunderstorm in Vietnam, leaving 18 dead and 23 missing

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… LONG BAY, Vietnam (AP) — A tourist boat capsized during a sudden … most of the passengers were tourists, including about 20 children, from …



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Palmer’s ‘really special’ grandfather’s island visit sparks tourism buzz in St Kitts

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Chelsea’s Cole Palmer gestures towards the crowd after Chelsea won against Paris St Germain in the FIFA Club World Cup final, at the MetLife Stadium in East Rutherford, New Jersey, U.S., July 13, 2025. Photo: REUTERS

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Chelsea’s Cole Palmer gestures towards the crowd after Chelsea won against Paris St Germain in the FIFA Club World Cup final, at the MetLife Stadium in East Rutherford, New Jersey, U.S., July 13, 2025. Photo: REUTERS

Cole Palmer could have gone anywhere around the world to celebrate his magnificent performance in leading Chelsea FC to FIFA Club World Cup glory against Paris Saint-Germain.

But rather than take a well-earned vacation to Las Vegas or an exotic Pacific destination, the Chelsea midfielder opted to visit the tiny Caribbean nation of St Kitts and Nevis, where his grandfather Sterry Palmer was born.

The England international, 23, was given a hero’s welcome when he arrived in St Kitts and was greeted by a series of local dignitaries, including deputy prime minister Dr. Hon. Geoffrey Hanley and the minister of tourism Hon. Marsha T. Henderson.

Palmer’s popularity in St Kitts and Nevis has spiked massively ever since he had the country’s flag stitched into his boots alongside the England badge. It was a small gesture that has gone a long way.

“Landing in St. Kitts off the back of winning the Club World Cup felt really special,” Palmer said. “It’s where my grandad’s love for football started. The island’s beautiful and really chilled. I can’t wait to explore the mountains, rainforest and sea — and to try out the food.”

Following the huge publicity that Palmer’s visit has attracted, local officials are looking to capitalize on the moment from a tourism perspective.

Meanwhile, Atiba Harris, the president of the St Kitts and Nevis FA, told FIFA that he hopes that the Chelsea star’s exploits can help improve the Sugar Boyz’ footballing future from providing inspiration to aspiring pros to increasing the global player pool.

FIFA: Just how big has Cole Palmer’s visit to St Kitts been this week?

Atiba Harris (AH): One of the things we appreciate here in St. Kitts and Nevis is our people in the diaspora community, and to have someone like Cole Palmer come back to his roots… his grandfather was born here so to see that the lineage did not stop and now his grandson is coming back is a testament to strong family ties and values that we offer here. Having Cole Palmer here is a really big deal and is going to inspire the next generation as well.

Was his visit planned or was it something of a surprise?

The officials from St Kitts tourism would have reached out to the Football Association regarding the trip. I was supposed to be at the Club World Cup final, but had to stay behind so I couldn’t get to see him play. But having him here is a pleasure.

What does it say about his ties to the country that he chose to come to St Kitts?

It shows the strong family values, and I must give credit to his grandfather as well to instill this. Usually when people migrate they tend to forget where they come from, but it is not the case here. Cole is here visiting the soil where it all started for his family.

To what extent did Palmer lead to a surge of Chelsea fans on the island?

There is a huge Chelsea following over here and there have been even more ever since he started wearing the flag on his boots. That drew a lot more younger fans closer to him. And you see his trademark (shivering cold) celebration a lot in local competitions.

What inspiration does Palmer provide to current professionals or aspiring stars that someone from their heritage has made it to the very top of the game?

It’s going be an overall inspirational move. He is going to inspire not just the younger generation but the current crop of players who are playing both locally and overseas as well. We have guys like Marcus Rashford as well who I believe could inspire players from the diaspora to come to our national team.

Have there been any conversations with Palmer about doing something concrete with the country going forwards?

I think this is the initial step having tourism involved where he can probably promote the country as a whole. And I’m sure there have been talks with the government about finalizing something with him, along with others like Marcus Rashford.

Were there any conversations about trying to recruit Palmer to play for the national team before he decided to play for England?

He was on the radar. We have a long list of players who are eligible to represent the country. The reality is that England is the ‘home’ of football and if the English national team come calling for you at a young age then you are naturally going to gravitate to the land of your birth. I won’t say it passed us by; I would say he took his opportunity just like others in the past, like Micah Richards to represent the land of their birth, but they never forgot where it started with their family heritage.





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Banjul North NAM Blast Youth Ministry, Demands Accountability For U16 Basketball Travel Mishap – The Fatu Network

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By Alieu Jallow

The National Assembly Member for Banjul North, Hon. Modou Lamin B. Bah, has expressed strong solidarity with The Gambia’s U16 National Basketball Team following the recent road accident in Guinea that left several players and staff injured.

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Bah questioned the Ministry of Youth and Sports’ decision to allow the team to travel to Conakry by road, citing it as a serious lapse in judgment and a clear disregard for the safety and well-being of national athletes.

“These are national players representing our country. If cabinet ministers would never take such a risky road trip, why was it acceptable for our youth team?” he asked.

The accident has sparked national concern, especially following reports that a private jet was later chartered to fly the team back home, raising further questions about priorities and fairness.

“If they could afford a private jet after the incident, why couldn’t they secure a commercial flight from the start? This points to poor planning and misplaced priorities,” Hon. Bah said.

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He further encouraged the injured players and staff to consider legal action against the government.

“They must be compensated adequately and immediately. This was avoidable, and the state must take full responsibility.”

The Banjul North lawmaker stressed that young athletes deserve better protection, investment, and respect.

“We should be building a system that uplifts and protects our youth, not one that endangers them. They deserve better, and we must hold those responsible accountable.”





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