JP Morgan set to hire over 5,000 for tech roles in India
JPMorgan is one of the biggest employers, along with Barclays and Citigroup, in India’s foreign banking arena, with large facilities employing thousands of people. Besides banking operations, they handle increasingly complex technology roles in areas such as artificial indigence, analytics and blockchain.
IT spend in US likely to remain resilient, large-caps like TCS, Infy & HCL safer bets
Though Indian IT companies have reported strong revenue growth in the June quarter, with most also maintaining or increasing their guidance, analysts remain cautious about the sector because of the concerns over a slowdown in the US, the biggest market.
Lending to MSMEs surpasses pre-Covid levels on ECLGS boost
The growth in overall MSME borrowers has moderated as lenders are focusing on extending credit to existing borrowers, the report said. Total MSME credit exposure is at ₹23.12 lakh crores as of Mar’22 (FY22-Q4), a y-o-y growth rate of 6.3%. Total live MSME borrowers stand at 7 Million as on Mar’22, amounting to a y-o-y […]
Wall Street rally at odds with profit outlook
Both Morgan Stanley’s Michael J Wilson and Goldman’s David J Kostin expect corporate profit margins to contract next year given unrelenting cost pressures, they wrote in separate notes. According to Wilson, “the best part of the rally is over.”