Page 3 - Jp Morgan

JPMorgan agrees to drop lawsuit against Tesla over stock warrants

The move to drop the lawsuit was announced in a one-page court filing by both companies in a Manhattan court

Swiggy Instamart wins quick commerce race with 8-minute delivery: JPMorgan

Swiggy Instamart surpassed its 6-minute delivery promise, achieving a median delivery time of just 8 minutes across the top four Indian cities, the fastest among its peers

UK based Vedanta Resources accepts $800 million in bids for dollar bonds

Citigroup, Barclays, Deutsche Bank, JPMorgan, and Standard Chartered Bank were the joint global coordinators and lead managers for Vedanta's dollar bond

Indian banks' credit risk from Adani exposure seems contained: JPMorgan

Adani Group has said the accusations are baseless and that it will seek all possible legal recourse

OfBusiness hires Axis, JPMorgan, Citi among other banks for 2025 Indian IPO

OfBusiness aims to seek approval for the IPO from India's market regulator between March and June

FAR securities receive 60,000 crore inflows since JP Morgan inclusion

FPI investment in FAR securities had doubled, surpassing the Rs. 2 trillion mark within nine months of announcement of JP Morgan including Indian debt in its index

JPMorgan chief Dimon likely to consider a role in Harris administration

The CEO of the largest US bank has long been floated for senior positions on US economic policy

JPMorgan Chase profit falls on loan loss provisions in September quarter

Banks are building up stockpiles - which act as a safeguard when borrowers default on their loans - to typical levels as consumers deplete the savings they built up during the pandemic

Vodafone Idea gets share upgrade from JP Morgan; check target price, rating

Vodafone Idea share upgrade: JP Morgan has upgraded Vodafone Idea shares to 'Neutral' from 'Underweight'

JPMorgan bullish on India, Japan; to allocate resources in Southeast Asia

JPMorgan expects its commercial banking business, which is focused on mid-sized companies, to grow as much as 30 per cent in India over the next few years, Leenart said

HDFC in talks with int'l banks to offload $1 bn in loans to cut credit book

The proposed loan portfolio sales, with terms yet to be finalised, would take place through a debt instrument known as pass through certificates, the people added

JPMorgan Chase eyeing Swiss corporate business gains, blockchain boost

One of the leading foreign banks in Switzerland alongside peers including Deutsche Bank, Citigroup, HSBC and BNP Paribas, JPMorgan has given itself three to five years to expand its position

Pvt hospitals expand tele-ICUs network as critical care demand grows

Aging population and dearth of intensivists behind the rise of tele-ICUs

JP Morgan raises odds of US recession by year end to 35% from 25%: Report

Fears of a U.S. recession following a weaker-than-expected July jobs report and an unwinding of yen-funded carry trades sparked a sharp sell-off in global equities earlier this week

Budget 2024 is an economists' Budget, says Citigroup MD Samiran Chakraborty

Focus of Budget 2024 is not restricted to railways, defence and infra, but expands to manufacturing and employment to aid human capital growth, said Citigroup MD at 'Budget with BS: The Fine Print'

Navi Finserv closes $38 mn personal loan securitisation deal with JP Morgan

The transaction between the two firms, structured in the form of pass-through certificates (PTC), will be backed by a pool of unsecured personal loans. It will be originated and serviced by the NBFC

Navi Finserv closes $38 mn personal loan securitisation deal with JP Morgan

Navi Finserv on Tuesday said it has closed a USD 38 million (about Rs 315 crore) personal loans securitisation deal with J P Morgan. The transaction structured in the form of pass-through certificates (PTC) will be backed by a pool of unsecured personal loans, originated and serviced by Navi Finserv, the NBFC firm prompted by Sachin Bansal said in a statement. This is J P Morgan's first pass-through certificate transaction in the fintech space in India and the first unsecured personal loans backed PTC transaction in India, it said. Navi Finserv will use the funds to expand further and grow its digital personal loans business, it said, adding, digital lending is accelerating in India and constitutes a significant portion of the overall Indian fintech market. Market share is expected to rise to 60 per cent of the total fintech market by 2030, fueled by increasing smartphone penetration, internet usage, and the need for faster and convenient loan disbursals, it said. Navi Finserv's .

India needs to monetise assets to support spending, says JPMorgan

The federal budget released Tuesday targeted a smaller fiscal deficit for this year on the back of a record dividend from the Reserve Bank of India

Foreign banks lead as largest investors in debt, says RBI report

It says their investments surpass net inflows into JP Morgan index-eligible bonds

FPIs put Rs 7.9K cr in equities in July, investment over Rs 1 trn in 2024

Foreign investors infused over Rs 7,900 crore in Indian equities in the first week of the month amid a healthy economic and earnings growth momentum. With this, total FPI investment in equities reached Rs 1.16 lakh crore so far this year, data with the depositories showed. Going forward, the Union Budget and Q1 FY25 earnings could determine the sustainability of FPI flows, experts said. According to the data, foreign portfolio investors (FPIs) have made a net inflow of Rs 7,962 crore in equities so far this month (till July 5). This came following an inflow of Rs 26,565 crore in equities in June, driven by political stability and a sharp rebound in markets. Before that, FPIs withdrew Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Some funds were probably waiting on the sidelines for the election event to be over, Milind Muchhala, Executive Director, Juliu