Here’s JPMorgan Chase’s blueprint to become the world’s first fully AI-powered megabank
JPMorgan, the world’s largest bank by market cap, is being “fundamentally rewired” to automate knowledge work across its operations, its data chief says.
SaaS platform Petpooja raises $15.4 million funding led by Dharana Capital
Petpooja, a software-as-a-service platform for restaurants, successfully raised $15.4 million (Rs 137 crore) in a funding round led by Dharana Capital. The capital infusion, which included participation from notable founders, will be utilized to enhance its product portfolio, invest in AI-driven automation, and bolster customer support.
Why is Tata Capital pricing its IPO far below unlisted levels?
Tata Capital’s ₹15,512-crore IPO is priced at ₹310-326 per share, a significant discount to its unlisted market price of ₹735. This has disappointed investors who bought unlisted shares at much higher valuations, expecting robust listing gains. Experts caution that unlisted market prices are often speculative and do not reflect final IPO valuations, a trend observed […]
Vedanta Resources plans to raise $500 million to refinance costly debt
The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, is expected to be priced as early as September 30 with preliminary ratings of B2 (Moody’s) and B+ (Fitch), and […]
Jennifer Garner’s baby food company Once Upon a Farm files for IPO on NYSE
Jennifer Garner’s baby food company Once Upon a Farm files for IPO.
Wealthfront files for IPO, joining wave of fintech firms going public in 2025
Wealthfront, the startup that helped popularize the robo-advisor style of automated investing, filed for a U.S. initial public offering Monday.
Odds of a government shutdown rise to 70% in prediction markets
Users on Kalshi and Polymarket upped their bets on a government closure after the Labor Department said it won’t release a key jobs report in a shutdown.
Startup founder Charlie Javice to be sentenced for defrauding JPMorgan Chase
Charlie Javice, founder of college financial aid platform Frank, was arrested in 2023 on charges she defrauded JPMorgan Chase in the sale of the fintech firm.
Why an analyst downgrade of Wells Fargo does not change our conviction in the stock
Morgan Stanley analysts cut Wells Fargo to a hold-equivalent rating from a buy Monday, citing limited upside ahead for shares.
A possible risk to markets from a shutdown getting chatter on trading floors
Wall Street is questioning some of the tail risk from a government shutdown and how it might differ from what’s happened in prior closures.