A joint venture of Mukesh Ambanis Reliance has received second big good news in 15 days. Jio BlackRock Investment Advisers Pvt Ltd a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock Inc announced on Wednesday that it has received regulatory approvals from the Securities and Exchange Board of India (SEBI) and the Bombay Stock Exchange (BSE) to begin operations as an investment adviser. This follows the announcement on May 27 2025 of regulatory approval from Securities and Exchange Board of India (Sebi) for Jio BlackRock Asset Management Private Ltd to commence operations as an investment manager for its mutual fund business in India. With this license Jio BlackRock Investment Advisers will now focus on developing a digital-first product designed to meet the evolving needs of investors Jio BlackRock Investment Advisers said in a statement. Jio BlackRock Investment Advisers also announced the appointment of Marc Pilgrem as its Managing Director (MD) and Chief Executive Officer (CEO). As Indian investors increasingly seek personalized insight-driven financial solutions this joint venture is poised to democratize access to world-class advisory services JFSL MD and CEO Hitesh Sethia said. We are confident that Jio BlackRock will redefine the future of wealth creation in India by empowering investors with global expertise and local relevance he said.  Jio BlackRock Investment Advisers in a statement said that with this license the firm is now focused on developing digital-first products to meet the growing needs of investors.  (With Inputs From PTI)