Page 3 - Jp Morgan

'JP Morgan may include G-Secs in global bond index as early as next week'

Even though the government is yet to make up its mind on inclusion of G-Secs (Government Securities) in global bond indices, Wall Street brokerage Morgan Stanley expects indices major JP Morgan to make an announcement in this regard as early as next week. On Monday finance minister Nirmala Sitharaman told an industry gathering that the 2020 budget proposal on allowing bond inclusion in international indices could not move forward as the fund flows did not meet the desired levels, due to many reasons including the Covid pandemic. Without offering any details like a timeline or the tax and stamp duty breaks that investors were demanding, Sitharaman said: "I don't know whether we're holding it back or not. I think global situation changed a lot since I made that statement in the 2020 budget. "Global fund flows have not been as big as we wanted it to be primarily due to other reasons. So it'll come to its natural, logical conclusion soon." According to the RBI data, G-Secs outstanding

JP Morgan plans to move work from Germany to UK over power blackout fears

JP Morgan has plans in place to move work from Germany to the United Kingdom amid fears of power blackouts years after moving billions of dollars worth of assets from London to Frankfurt due to Brexit

India wants local settlement if its bonds join global index, says report

Media reports last week said JP Morgan had started new consultations with investors about adding India to its emerging market index, rekindling expectations of an imminent listing

Tariff hikes needed for monetising Rs 2 trn investment: Analysts on Jio 5G

Analysts at Jefferies said Jio's approach to 5G has striking similarities to its approach to 4G with the company investing aggressively-potentially ahead of time-to create a state of art network

Bond yields slide as reports tout progress in global listing of Indian debt

A fall of one basis point on the 10-year bond yield corresponds to a rise in price of roughly seven paise

Goldman Sachs sees India bonds getting added to JP Morgan index in 2023

The development is expected to trigger passive inflows of about $30 bn that will help the country finance its current account and fiscal deficits

Morgan Stanley bets on emerging market debt as JPM says rally unsustainable

The latest inflation data from the US spurred a risk rally as traders reduced Federal Reserve tightening wagers

SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with MFs

SoftBank, through SoftBank Vision Fund, has invested USD 15 billion in India of which around USD 11 billion has been invested in the last five years

JPMorgan, Morgan Stanley earnings bode badly for Wall Street dealmakers

Both lenders attributed the slump to the challenging macroeconomic environment, including soaring volatility sparked by the conflict in Ukraine

JPMorgan suspends buybacks, warns on global economy as Q2 profit slumps

JPMorgan Chase & Co reported a bigger-than-expected 28% fall in quarterly profit and suspended share buybacks on Thursday, as America's largest bank set aside more money to cover potential losses

Wipro, Tech Mahindra: Jefferies downgrades six IT stocks on recession fears

Earlier in May, analysts at JP Morgan had downgraded the Indian IT sector citing growth concerns. Rising margin headwind in the near-term, JP Morgan had said then, was one of the key concerns.

After Morgan Stanley and JP Morgan, now Jefferies turns bullish on RIL

RIL is a key beneficiary of energy inflation, with every $1 per barrel improvement in annualised refining margins adding an estimated $400-450 million to RIL's consolidated Ebitda, Jefferies said

Investor pushback sees JP Morgan defend Reliance Industries upgrade

On June 16, the firm had set a target price of Rs 3,170 per share, saying RIL was amongst the few large companies in India with a positive earnings revision cycle

Reliance Industries in focus as benchmark refining margin inches up

Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008

JP Morgan sees RIL at Rs 3170 in a year; upgrades stock to overweight

The brokerage firm cites a positive earnings revision cycle ahead, given the strong refining and gas environment, for the ratings upgrade.

Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

Metro Cash & Carry may offer control to investor to fund expansion

Intends to raise $300-400 million as German parent unwilling to infuse fresh funds

TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector

The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over

Govt must cut import duty rates to combat inflation

Our government need not merely wait for the global commodity prices to drop but take active measures to supplement the actions of the monetary authorities

Carlyle to acquire NSM Insurance from White Mountains in $1.78 billion deal

The transaction is expected to add $280 per share to White Mountains' adjusted book value