JP MORGAN
FIFA vs UEFA at New York court: European soccer body secures major win against Gianni Infantino-led global football association. Check what has gone wrong after World Cup 2026
UEFA has filed requests for discovery in multiple states, and FIFA in September told a judge in Florida, where the governing body has offices in a Miami suburb, the court actions are a harassment of Gianni Infantino.
Debra Todd, former NFL quarterback Richard Todd’s wife, arrested for domestic violence after attacking him with pliers
Debra Darby Todd was arrested for allegedly attacking her husband Richard Todd with pliers during an argument. The incident occurred on November 9 at their Lauderdale County home following a disagreement. Richard Todd sustained multiple cuts on his arms but declined hospital treatment after the altercation. Debra, 68, faces charges of second degree domestic assault and is currently held at Lauderdale County Jail.
Coca-Cola India’s bottling arm HCCH files DRHP for IPO
Hindustan Coca-Cola Holdings Limited has submitted its Draft Red Herring Prospectus to SEBI for an IPO. This IPO will involve an Offer for Sale of nearly one billion equity shares by the promoter. Coca-Cola India aims to enhance its asset-light operating model while focusing on brand development and digitization. The company has shown impressive revenue growth in its recent financial performance.
Coca-Cola’s India bottling arm files draft papers for Rs 9,500 crore IPO
Hindustan Coca-Cola Holdings plans to conduct an initial public offering through an offer for sale of equity shares. The proposed IPO is expected to raise around $1 billion, aiming for a valuation of $10 billion. Coca-Cola Company and Jubilant Bhartia Group hold significant stakes in the company after a recent stake sale. The IPO proceeds will benefit the promoter selling shareholder with no funds directed to Hindustan Coca-Cola Holdings.
IndusInd Bank customers can now send money abroad in 123 currencies through J.P. Morgan tie-up
IndusInd Bank has teamed up with J.P. Morgan Payments to elevate their outward remittance capabilities. This partnership enables customers to transfer money globally in 123 currencies with local-currency settlements. By integrating the Xpedite solution, the bank aims to simplify international transactions and plans to enhance online and mobile banking offerings for a more user-friendly experience.
Indian rupee strengthens past 94/$ as oil slides, foreign inflows return
The Indian rupee strengthened past 94 per dollar after regaining appeal among emerging-market currencies recently. Significant foreign inflows into Indian equities and a sharp fall in oil prices are key factors. Analysts suggest India's equity markets may attract global investments as concerns about AI infrastructure spending grow. The Reserve Bank of India announced measures to support the rupee against maintaining fluctuations.
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JP Morgan to add Philippines and Saudi Arabia to key EM bond index over 10 months
JP Morgan has announced plans to include Saudi Arabia and the Philippines in its emerging market debt index starting in 2027. The Saudi riyal-denominated sukuk and Philippine peso-denominated government bonds will be integrated over a ten-month period. The index is expected to adjust the maximum country weight limit from 10% to 9%. Saudi Arabia's weight will reach 2.71%, while the Philippines will have a weight of 1.64%.
US hospitals brace for tougher 2027 as coverage losses and Medicaid cuts loom
US hospital operators are experiencing revenue pressure due to an increase in uninsured patients affecting their operating margins. The expiration of federal subsidies is causing ACA exchange premiums to rise sharply, leading to more patients losing coverage. Major hospital chains are bracing for declines in Medicaid supplemental payments that could hit their finances hard. Analysts caution that forthcoming changes to Medicaid requirements might exacerbate issues for hospital operators.
Bank of England hikes rates to 4%, first raise since 2023, says more may come amid high UK inflation
In a decisive move, the Bank of England has escalated interest rates to 4% amidst spiraling inflation, projected to hit 4.8% in Q2 next year. Governor Andrew Bailey cautioned that further hikes may be necessary, especially with ongoing global conflicts. Market reactions were notably favorable, with the British pound gaining strength against the US dollar. Enhancements in economic data have prompted economists to revise growth forecasts upwards.
US midterm election impact: What it means for investors in equities, bonds and gold
The US midterm election outcome could influence equities, bonds, gold and emerging market flows, but its direct market impact may remain limited. A weaker dollar and lower Treasury yields could support emerging markets and gold, while Federal Reserve policy, crude oil prices and AI spending remain key drivers for investors.
US midterm elections: Early Democratic wins rattle Wall Street
Early Democratic victories in key US Senate races have raised expectations of a potential shift in control of Congress, although the final outcome remains uncertain. The emerging results triggered a sharp reaction across financial markets, with US stock futures falling, Treasury yields declining and the dollar weakening as investors assessed the implications of a possible Democratic sweep.
CleanMax beats Q2 EBITDA estimates, reports strong H1 growth
CleanMax has surpassed analyst estimates for the third consecutive quarter, driven by portfolio expansion and strong business performance. The company reported a 58% rise in H1 EBITDA and a six-fold increase in profit after tax (PAT), highlighting its robust growth momentum and improving financial performance.
Nasdaq 100 cracks 5%, wipes out $2 trillion in October as AI spending fears deepen
Investor concerns about the high expenditures on artificial intelligence have intensified amidst rising borrowing costs. Major technology companies like Meta, Alphabet, and Microsoft are increasing their capital outlays to strengthen AI infrastructure. The Nasdaq 100 index has already seen a significant decline of more than 5.8% in October. Analysts predict that global AI infrastructure spending could reach unprecedented levels by 2030.
Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen
The wipeout would amount to slightly more than SpaceX's entire market value. The index has fallen over 5.8% so far in October as the AI trade ran into turbulence, with hyperscalers Meta Platforms, Alphabet and Amazon.com raising spending forecasts further as they race to expand AI infrastructure.
Global Market Today: Asian shares fall as Alphabet earnings miss drags Wall St futures lower
Asian markets faced a downturn following a mix of earnings results, stirring concerns as investors await Amazon and Intel's performance. Alphabet saw its stock plunge due to weak cash flows, while Microsoft benefited from stronger-than-anticipated earnings. Despite Samsung Electronics achieving impressive operating profit growth linked to AI chip demand, its shares also slipped.
Dollar steady after Fed hold leaves rate path murky
After the Federal Reserve's decision to keep interest rates steady, the US dollar found stability. Investors are now grappling with uncertainty regarding potential rate increases as inflation figures loom. The Fed highlighted robust economic growth, with Chair Kevin Warsh emphasizing the need for inflation control without hindering this progress. Eyes are now on upcoming central bank meetings in Europe and Japan, where rate adjustments are unlikely.
AI giants' funding ambitions test Wall Street's appetite for risk
The heavyweights of the AI industry are facing a reckoning on Wall Street, reflecting concerns over who will bear the cost of the artificial intelligence buildout that has fueled much of this year's stock market gains.
Tuborg maker Carlsberg India moves closer to IPO, files updated DRHP for complete OFS issue
Carlsberg India has filed an updated draft prospectus with Sebi for an IPO comprising 8.64 crore shares, entirely through an offer for sale by existing shareholders. The Tuborg maker could raise up to $700 million, according to earlier reports, as multinational companies increasingly tap India’s equity markets to monetise local businesses.
IIM Calcutta summer placements see 475 students secure 546 offers from 156 companies
IIM Calcutta has completed the summer placements for its 63rd MBA batch, attaining incredible success. A remarkable 475 students have secured jobs, with consulting roles leading the way, supported by offers in finance and general management. Furthermore, numerous first-time participating companies expressed their intent to hire. This success is a testament to the institute's esteemed reputation and strong connections in the industry.
UPI-MDR an additional earnings opportunity, not Paytm's business model foundation: Brokerages
Paytm has reported a substantial increase in revenue, demonstrating the success of its existing business model. The company's EBITDA has improved due to efficient cost control and a strong merchant franchise. Financial services have significantly contributed to revenue growth, highlighting the diversity of its business operations. Global brokerages support the view that UPI-MDR will enhance, rather than define, future profitability.
Paytm has proven the resilience of its merchant-led model: JP Morgan
In its latest report titled "First Take: All-round beat", JP Morgan said Paytm's focus on its merchant franchise and sharp cost control following the resolution of regulatory restrictions has helped the company achieve EBIT breakeven, proving the resilience of its merchant-led model.
Bandhan Bank denies acquisition talks with First Abu Dhabi Bank
Bandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factually "incorrect". The lender said it was not involved in any such discussions or proposal.
Jio Platforms shares to list on BSE, NSE tomorrow; GMP signals 22% premium
Jio Platforms shares are set to list on the BSE and NSE on October 28, with the IPO commanding a grey market premium of around 22%. The Rs 30,213-crore issue was subscribed 22.19 times, led by strong institutional demand. Investors will watch the listing amid Jio’s growth ambitions and financial performance.
Bond market is a buy right now, JP Morgan Asset Management's fixed income head says
According to Bob Michele of J.P. Morgan Asset Management, investors should take advantage of the current bond market opportunities without delay. He estimates returns of up to 8% over the next year, emphasizing the promising yield potential, especially in US treasuries. Michele reassures that a recession seems unlikely at this time while also alerting that inflation concerns could compel the Federal Reserve to implement larger rate hikes than expected.
Anthropic IPO 2026: When will ANT stock list on Nasdaq, and how big will Amazon’s and Google’s stakes be?
Anthropic share Nasdaq listing date: You cannot buy ANT shares yet. Anthropic has filed its IPO papers for a Nasdaq listing, but no date or price is set. November is the reported target. First-half revenue was $16.3 billion. The $80.7 billion loss is mostly a paper charge. Amazon and Google will each own over 5%.
Jio IPO allotment likely today: GMP signals 22% listing gains. Here’s how to check status
The IPO allotment is expected to be finalised today, allowing applicants to check whether they have been allotted shares through the registrar’s website and other online platforms. Jio Platforms shares are scheduled to list on the BSE and NSE on October 28, 2026.
GLP-1 boom in China, India, Brazil could create $22 billion market by 2035, J.P. Morgan says
The China-India-Brazil market for GLP-1 weight-loss drugs could expand to $22 billion by 2035 from $6.6 billion currently, J.P. Morgan estimates. Improving affordability, generic launches and wider access could drive adoption, though penetration remains low, particularly in India, where cost concerns and cultural resistance to injectable treatments remain key barriers.
Legal AI startup Legora raises $550 million at $8.8 billion valuation in Atreides-led round
The round was led by Atreides Management. New investors, including Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners and JP Morgan, joined the round.
Meet Owen Akhibi Herrera, who created a run club in New York to make friends, 12 people joined his first run; later it became a $640,000 business
Owen Akhibi Herrera started Peak and Pace while working in algorithmic trading sales at J.P. Morgan. His goal was to build a community, which could unite people, they could meet each other and spend time without relying on the city's nightlife scene. The regular sessions were free from the beginning.
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