Vedanta Ltd. has mandated JPMorgan Chase & Co. to help it raise 25 billion rupees ($300 million) via rupee-denominated bonds, according to people familiar with the matter. JPMorgan’s financing-solutions department in India, headed by Nitin Rungta, is reaching out to potential investors on behalf of the metals and mining company, according to people who asked … Read more
Cash pouring into India from its watershed inclusion into key global bond indexes is already reshaping markets in a country long keen to insulate itself from hot money flows. Foreign investors have pumped roughly 780 billion rupees ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.’s landmark announcement in September and are beginning … Read more
Mumbai: IRB Infrastructure, backed by Singapore’s GIC, is exploring the overseas bond market to raise $300 million, mainly to refinance the earlier bonds. The company is in talks with Barclays, Deutsche Bank and JP Morgan to give the fundraising mandate. Proceeds will be used to refinance the earlier bond raised in 2021. Back then, IRB … Read more
Mumbai: A likely recession, global geopolitical unrest and cyber security are the three main concerns of Indian business leaders, as companies seek to find balance between artificial intelligence adoption in key business operations and data privacy, said JP Morgan. Nine out of 10 business leaders expect growth in profit and revenue, but also expect increased … Read more
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