JPMorgan has elevated Nitin Maheshwari and Ravi Shankar as co-heads of investment banking for India, according to a memo seen by Bloomberg News, the contents of which were confirmed by a spokesperson for the bank.
Abhinav Bharti is leaving after working for more than 13 years with JPMorgan, according to his LinkedIn profile.
The global financial services firm says prospective employees should join it for a career, not a job.
Under the offer, the company plans to issue fresh shares worth Rs 1,272 crore
Without disclosing the details of clarifications sought, the Securities and Exchange Board of India (Sebi) has said it's awaiting response from lead manager for the proposed public offer.
Dr Subir Gokarn, former deputy governor RBI and now head of research, Brookings Institution, says it is important that the government signal its commitment to fiscal consolidation. At the same time, Jaitley needs to find ways to finance and get infrastructure sector back on track, he says
With oil falling from USD 100 a barrel to USD 50 a barrel, Sajjid Chinoy, chief economist at JPMorgan India is expecting a current account surplus for the first time in eight years in the current January-March quarter.