JPMorgan to boost India investments

JPMorgan Chase & Co. plans to double its proprietary investments in Indian firms over the next six to 12 months.
JUN 29, 2007
JPMorgan Chase & Co. plans to double its proprietary investments in Indian firms over the next six to 12 months, the Economic Times first reported, citing JP Morgan India Managing Director, Vedika Bhandarkar. Currently, JPMorgan has invested between $50 million and $750 million in several local Indian firms including Binani Cement, L&T-IDPL and Apollo Hospitals. Proprietary investments are financed through the company's own coffers, not investors'. In addition to increasing its presence in India in terms of capital, JPMorgan also plans to beef up its manpower, the report also said. The firm's local investment banking division, which currently employs 25 people (up from 15 last year), is likely to employ 30-35 people by the year's end, said Mr. Bhandarkar in the report.

Latest News

Trump account confusion is widespread among parents — and advisors have an opening
Trump account confusion is widespread among parents — and advisors have an opening

Only 7% of U.S. parents are "very confident" they understand how the Trump accounts work, says Omni Calculator

Receiver sues to recover alleged Traders Domain Ponzi profits
Receiver sues to recover alleged Traders Domain Ponzi profits

One transfer alone came to $5.6m, and the receiver says none of it was real profit.

SEC accuses S2A Modular founders of alleged $65 million investor fraud
SEC accuses S2A Modular founders of alleged $65 million investor fraud

Investors chose which factory to fund - the SEC says the money went elsewhere.

Ameriprise gets narrow relief from FINRA panel in latest recruiting dispute with LPL
Ameriprise gets narrow relief from FINRA panel in latest recruiting dispute with LPL

Ameriprise and LPL Financial for the past few years have engaged in a financial advice trade war.

Am I stuck? Rethinking career mobility at every stage
Am I stuck? Rethinking career mobility at every stage

Why advisors at every stage may have more leverage, flexibility, and strategic options than they realize.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income