Jamie Dimon has consistently voiced concerns about private equity firms attracting fresh finance graduates. Led by CEO Jamie Dimon, JPMorgan has issued a very stern warning to ‘unethical’ junior bankers who start looking at alternate job offers within 18 months of joining. A new letter, leaked on Litquidity’s Instagram platform, warns the new recruits against job hopping.According to the letter, …
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‘Not a good indicator, what counts is…’: India overtaking Japan to be 4th largest economy no reason to be smug; WEF ex-MD serves reality check – Times of India
For India to achieve its goal of becoming a $ 7-trillion economy by 2030, the country needs to strengthen its industrial sector, according to Smadja. (AI image) India overtaking Japan to become the fourth largest economy soon is not something to be complacent about, World Economic Forum’s (WEF) former MD Claude Smadja has said. Giving a reality check, Claude Smadja …
Read More »Real estate market: Major listed firms sell over Rs 1 lakh crore properties; Godrej leads – Times of India
India’s top listed real estate firms recorded a blockbuster performance last fiscal, with property sales surging past Rs 1.62 lakh crore, marking a jump of over 20% from the previous year. Leading the charge was Godrej Properties, which emerged as the biggest seller among 26 major listed players, clocking pre-sales worth Rs 29,444 crore.The data, compiled from investor presentations and …
Read More »RBI repo reduction effect: Bank of Baroda cuts lending rate to 8.15%; Cheaper loans for homes and cars – Times of India
Planning to buy a car or a house? Your loan just got cheaper. Bank of Baroda, one of India’s top public sector banks, has slashed its repo linked lending rate (RLLR) by 50 basis points, following the Reserve Bank of India’s latest policy cut. With the new rate of 8.15% now in effect from June 7, borrowers could see reduced …
Read More »Foreign investment: India’s FDI hits 3-year high; Maharashtra leads with $19.6 billion – Times of India
Maharashtra and Karnataka emerged as the top magnets for foreign investment in India, together accounting for more than half of the country’s total FDI.Overall, India’s total FDI, comprising equity inflows, reinvested earnings, and other capital, rose by 14% to $81.04 billion in 2024–25, marking the highest inflow in the past three years. In the previous fiscal, the country received $71.3 …
Read More »Trump-Musk rift rattles Wall Street; Tesla share slide exposes market fragility; major indexes take a hit – Times of India
The public feud between US President Donald Trump and Tesla CEO Elon Musk has turned into both a political and a Wall Street drama, raising investor concerns and exposing the vulnerability of stock markets to sharp moves in major companies.The clash, which played out mostly on social media, triggered a 14% drop in Tesla shares on Thursday, after Trump threatened …
Read More »Spending Review to include £86bn for science and tech
Marc Ashdown Business correspondent Getty Images Areas like Newport in Wales, home to the UK’s biggest semiconductor manufacturing facility, will be allowed to decide how investment is targeted in their communities. An £86bn package for the science and technology sector will help fund research into drug treatments and longer-lasting batteries, the government has said ahead of Wednesday’s Spending Review. The …
Read More »Spending Review: The Labour government must escape its own shadow
BBC The strategising and multi-year planning going on ahead of this week’s Spending Review is the bread and butter of any well-run economy. A Spending Review shows how resources are being allocated between departments and so indicates the government’s “when-push-comes-to-shove” priorities. But this time it will be a “different sort of Spending Review”, the chancellor’s helpers are saying. That’s because …
Read More »H&M owners quietly buying its shares – Times of India
Hennes & Mauritz (H&M), the fast-fashion retailer that’s been listed on the Swedish stock market since 1974, is steadily moving back towards private ownership. The founding family has stepped up purchases of H&M shares, spending more than $6.6 billion since 2016 to amass nearly two-thirds control and fuelling speculation it could take the Stockholm-based company back into private hands – …
Read More »Govt appoints RBI DG T Rabi Sankar as 16th Finance Commission member – Times of India
NEW DELHI: Reserve Bank of India (RBI) deputy governor T Rabi Sankar was Saturday appointed as a part time member of the 16th Finance Commission, a finance ministry statement said. He will hold office from the date of assuming charge until the submission of the commission’s report or Oct 31, 2025, whichever is earlier.Sankar’s appointment is to fill the vacancy …
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