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JPMorgan India's ECM head Abhinav to leave, Arvind Vashistha to replace

India has become one of the hottest markets for deals including initial public offerings in Asia Pacific as global investors seek to tap on the South Asian nation's growth potential

'India's economy has parallels to 2000s when growth averaged over 8%'

The economists at Morgan Stanley also said the economy appears to have room for even further expansion, given the path for additional capital expenditure - especially from private businesses

Airtel Africa mulls IPO of its mobile money unit eyes $4 bn in valuation

The firm hasn't decided where to list the unit, though executives are considering bourses in the United Arab Emirates, London and Europe among potential venues, they said

EU lawmakers pass Act to regulate AI despite doubts about right balance

The landmark set of rules, in the absence of any legislation from the US, could set the tone for how AI is governed in the Western world

Saudi Arabia attracts $13 bn private sector investment in tourism industry

'The current GDP contribution is 4.5% and we aim to get that to 10% by 2030,' she said in an interview. 'We started from 3.2% when we opened up for tourism.'

UBS starts job cuts at HK, Singapore wealth units after profit slump

Wealth generation in China has stalled as the nation's economy struggles to regain momentum amid a property crisis and a selloff in equities

Foreign inflows into index-eligible India bonds set to hit $10 billion

Investments into index-eligible Fully Accessible Route bonds have risen by Rs 81,218 crore ($9.8 billion) since the announcement in September, data from the Clearing Corp. of India show

Tesla investors write to judge who voided Elon Musk's mega-pay plan

The state judiciary's ethics code "prohibits me from considering" the letters from non-parties in the litigation "who claim to hold stock in Tesla,"she wrote to lawyers on both sides

Credit Suisse client accused of dodging taxes for a decade gets $15 mn bail

Dan Rotta, 78, who was arrested March 9 at Miami International Airport as he prepared to fly to Barcelona, must remain under house arrest with an electronic monitor, a federal judge in Miami ruled

Foreign fund flows to India derivatives swell amid regulator scrutiny

"India has long been a favoured market based on economic growth, but given the downdraft in China this has been emphasised in the last year or so," said Joshua Crabb, a fund manager

India's rising valuations prompt foreign companies to sell holdings

The companies are seeking to capitalise on India's equity valuations which are among the most expensive in the world after eight years of annual gains

Former Sequoia India firm launches new fund Peak XV for early ventures

"We plan to leverage this internal balance sheet to invest in and partner with other fund managers across regions, strategies and sectors," the letter added

Global airline industry lobbyist says criminalising accidents is 'wrong'

"I think it's completely wrong," Walsh said in an interview with Bloomberg in Hong Kong on Tuesday. He said that such moves aren't in the interest of safety, traveling public or the industry at laarge

JP Morgan chief Jamie Dimon warns US recession 'not off the table' yet

Dimon said economic indicators have been distorted by Covid-19 and he takes them with "a grain of salt," saying the Fed should wait for more clarity before lowering interest rates

Boeing whistleblower who raised concerns on production standards found dead

John Barnett, who worked at Boeing for 32 years until his retirement in 2017, died March 9 from a self-inflicted wound, the BBC said

US inflation tops Feb forecasts, reinforcing Fed's cautious approach

The so-called core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data out Tuesday. From a year ago, it advanced 3.8%

India embraces trade deals as cos look beyond China for alternatives

Prime Minister Narendra Modi's government is taking advantage of India's growing appeal as the world's fastest-growing major economy and an alternative to China for global supply chains

India's biggest stock winner Tata Investment has no analyst coverage

Tata Investment Corp. has soared 116 per cent so far in 2024, the most among the Nifty 500 Index companies that represent more than 94 per cent of India's market capitalisation

Oscars 2024 draws largest TV audience since 2020 with 19.5 million viewers

Oscar viewership has withered in recent years due to cord cutting and a focus at the ceremony on small, art-house films. Last year's show, in which Everything Everywhere All at Once won best picture

Murdoch's News Corp, Daily Mail owner eye Telegraph's potential takeover

The fate of the Telegraph's ownership has been up in the air for months. RedBird IMI - a joint venture between a New York investment firm and a UAE-backed media investment vehicle