Page 8 - Jp Morgan

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

JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results

JP Morgan on Tuesday placed Indian IT services provider HCL Technologies Ltd on "negative catalyst watch" ahead of the earnings season, citing the highest near-term risks for the company

Here's why KPIT Technologies tumbled 8% on Monday

JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share

BS Weekend Bites: Crises, Finance Bill, Rahul, and PhysicsWallah in winter

In which we munch over the week's platter of news and views

JPMorgan CEO leading talks for new First Republic rescue plan: Report

A spokesperson for First Republic pointed to an earlier statement where the bank said it was "well-positioned to manage short-term deposit activity"

TCS, Infosys have highest exposure to US regional banks: JPMorgan

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil

JP Morgan revises Reliance Industries stock target price, sees 33% uptick

The brokerage said it sees continued strength in the refining business, a likely rebound in petrochemical spreads from decadal low levels from China re-opening