Page 7 - Jp Morgan

Bond inclusion shows our fiscal prudence: Finance secy T V Somanathan

Senior FinMin officials says development showing confidence in the Indian economy

Inclusion of Indian bonds in JP Morgan index to widen investor base: CEA

The inclusion of G-Secs will be staggered over a 10-month period from June 28, 2024 to March 31, 2025, indicating one per cent increment on its index weight

Analysts see $25 bn inflow on Indian G-Secs' inclusion into JP Morgan index

Analysts expect the Wall Street major JP Morgan's decision to include the Indian government bonds in its global index from June next year will lead to a direct inflow of USD 20-25 billion in the country's debt market over 18-21 months. JP Morgan, announcing the inclusion earlier in the day, said India will have a maximum weight of 10 per cent in the index eventually and around 8.7 per cent in the emerging market global index. JP Morgan said in a statement on Friday that 73 per cent of investors are in favour the decision. The inclusion will be staggered over a 10-month period from June 28, 2024 to March 31, 2025. "We estimate this implies direct inflows of USD 20-25 billion over the course of the next 18-21 months, but some front-loading of inflows cannot be discounted," Rahul Bajoria, managing director and head of emerging market Asia (ex-China) at Barclays, said in a note on Friday. Japanese brokerage Nomura has pegged the inflows at USD 23.6 billion, which is 10 per cent of the

JP Morgan bond index rebalancing: Borrowing costs in India to get cheaper

Index providers are 'increasingly tilted' to include India to fill the gap expected due to Russia's exclusion from JP Morgan's emerging market bond index

Uday Kotak resigns as MD, CEO of Kotak Mahindra Bank effective September 1

As an interim arrangement, joint MD Dipak Gupta will carry out duties of MD and CEO until December 31

Bond market bulls at JPMorgan, Allianz double down on bet gone bad

That strategy is now misfiring once again, saddling them with subpar returns and testing their resolve as the selloff deepens week after week

JP Morgan opens new million square feet plus offices in Mumbai, Bengaluru

American financial services major JPMorgan Chase has opened two new facilities in Mumbai and Bengaluru, which will become two of its largest technology and operations centres globally. The Mumbai campus is a 1.16 million square feet facility located on the 23-acre Nirlon Knowledge Park, which is one of the largest finance and technology hubs located along the Western Express Highway at Goregaon, northwest of the megapolis while the new 1.12 million square feet-Bengaluru hub is located within the Embassy Tech Village, on the Outer Ring Road, the company said in a statement on Tuesday. Mumbai and Bengaluru are an integral part of our sustained success, and these new facilities demonstrate our continued commitment to India and our people, said Daniel Wilkening, the chief administrative officer for India corporate centre at JPMorgan Chase. The two new campuses will enable our people with state-of-the-art technology, flexible, efficient, and inclusive workspaces that are powered by ...

JP Morgan Chase Bank settles FPI rules case with Sebi; pays Rs 22.10 lakh

JP Morgan Chase Bank N.A on Friday settled with markets regulator Sebi a case pertaining to alleged violations of FPI rules on payment of Rs 22.10 lakh towards the settlement amount. The matter has been settled by JP Morgan Chase Bank (JPMC) through a settlement order "without admitting or denying the findings of fact". "It is hereby ordered that the instant adjudication proceedings initiated against JPMC vide show cause notice (SCN) dated September 23, 2022, and supplementary show cause notice (SCCN) dated December 29, 2022, is disposed of," Sebi's Adjudicating Officer Asha Shetty said in a settlement order. Sebi had received a letter in August 2021 from JPMC, wherein the regulator was informed about the delay in intimation of change in material information (merger) of Fidelity Investments Money Management (FIMM), which was registered as FPI, with its affiliate Fidelity Management & Research Company (FMRC). Pursuant to receipt of the communication, the market watchdog conducted ..

JP Morgan downgrades Indian IT sector to underweight from neutral

Infosys, TCS, MphasiS on JP Morgan's negative catalyst watch. Here's why

JPMorgan hikes India's FY24 GDP forecast to 5.5%; warns of global slowdown

The economy also grew at a better-than-expected 7.2% for fiscal 2023

Anil Agarwal's Vedanta raises about $850 million via JPMorgan, Oaktree loan

Investors have been closely watching Vedanta's debt load as rising interest rates worldwide intensify pressure on low-rated borrowers

JPMorgan sees $3 bn net interest income boost from First Republic deal

JP Morgan agreed to take into its books $173 bn of the failed bank's loans, $30 billion of securities and $92 billion of deposits after First Republic was shuttered by authorities earlier this month

JP Morgan ordered to pay Frank founder Javice's lawyers while they sue her

The ruling likely also covers Javice's defense to criminal fraud charges brought by federal prosecutors over the disputed deal

From Amazon, JP Morgan to KPMG, India Inc is hiring defence veterans

Here's why companies like Amazon, JP Morgan, KPMG and Goldman Sachs are increasingly hiring defence veterans

Indian companies are turning more to junk bonds to meet funding needs

Companies using such securities raised more capital in 2022-23 than at any point in the last 8 years

Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts

Tech Mahindra's stock fell 2.6 per to its day's low of Rs 994.55 on Friday after JP Morgan downgraded the stock to 'underweight' from 'neutral', slashing its target price by 10 per cent to Rs 900

JPMorgan Chase CEO Jamie Dimon to be deposed in Epstein's sexual abuse case

JPMorgan Chase & Co CEO Jamie Dimon must undergo up to two days of questioning by lawyers handling lawsuits over whether the bank can be held liable in financier Jeffrey Epstein's sexual abuse of teenage girls and women, a federal judge said Tuesday. During a telephone conference with lawyers, Judge Jed Rakoff in Manhattan ordered Dimon to set aside two days for deposition testimony, though he didn't specify when. He said one day of testimony might be sufficient and lawyers would have to get his approval to continue to a second day. The New York bank, the nation's largest, has been sued by the government of the US Virgin Islands and two women, both identified as Jane Doe, who say they were abused by Epstein. The lawsuits contend JPMorgan should have seen evidence of Epstein's sex trafficking and avoided profiting from it. The bank, besides denying the allegations, has sued one of its former executives, saying the man hid Epstein's decades of sex abuse and trafficking to keep ...

JP Morgan says Frank's Javice moved millions to a shell company: Report

JPMorgan claimed in its December suit that Javice and another Frank executive faked data greatly inflating Frank's customer count to mislead the bank into buying her company for $175 million in 2021

JPMorgan has made deep cuts to metals' business after nickel crisis

While the review is ongoing, JPMorgan has already scaled back its base metals business substantially, according to people familiar with the matter

Apple signs lease for 116,000 sq ft space in Bengaluru for Rs 2.44 cr/month

Apple has also made it a part of the contract that no other competitor including Alphabet, Microsoft, Samsung, Xiaomi, Amazon, Huawei, Netflix, and Facebook, be provided space in the building