Business
JPMorgan’s $1.5 trillion plan: CEO Jamie Dimon plans to hire more experts; ‘just give us a call’ – The Times of India
JPMorgan is hiring as part of its ambitious $1.5 trillion US “resiliency” plan, CEO Jamie Dimon announced on Monday.The bank is looking for financial specialists in defence, energy, artificial intelligence, and advanced manufacturing to help build an investment team. This team will deploy $10 billion in capital before the bank involves its bankers.“If you think you’re the right person, just give us a call,” Dimon told reporters, inviting interested professionals to join the initiative. He added that the bank wants to hire a “top-notch investment team” to invest the $10 billion in companies that can give the US an edge over its competitors.“We’re very focused on people,” the CEO said, as quoted by Business Insider.The plan, called the security and resiliency Initiative, aims to strengthen US security, innovation, and infrastructure using private sector funding rather than relying on government agencies. To achieve this, JPMorgan will prioritise hiring experts in four key areas: defence and aerospace, frontier technologies like AI and quantum computing, energy independence, and advanced manufacturing and supply chains.The hirings are a part of a wider initiative worth $1.5 trillion. As part of the 10-year plan, the bank will invest up to $10 billion in companies across defence, energy, manufacturing, and emerging technologies.To fulfil the mission requirements, the bank is set to hire more experts. These include bankers, investment professionals and others. An external advisory council, including public- and private-sector leaders, will provide guidance. Mary Erdoes, CEO of asset and wealth management, and Doug Petno, Co-CEO of commercial and investment banking, will oversee the programme. Both are also considered potential successors to Dimon.JPMorgan CEO Jamie Dimon said the initiative is entirely a bank-led effort and not driven by the Trump administration. “This is a JPMorgan initiative…100% commercial,” he told journalists, responding to repeated questions about government involvement, as quoted by Reuters.Dimon noted that the US has become too reliant on foreign sources of critical minerals and essential products, which are vital for national security.“America needs more speed and investment,” he added, calling for policy reforms to tackle regulatory delays and workforce challenges.While the programme is commercial, JPMorgan is working closely with the US government. The bank helped structure a deal with rare earths mining firm MP Materials and has held numerous calls and visits to Washington to explore similar opportunities. Andrew Castaldo, co-head of mid-cap mergers and acquisitions, said the bank has had “no less than 100 calls with clients” to discuss the MP transaction and other sectors.Four key areas of investmentThe bank’s strategy focuses on four main sectors: supply chain and manufacturing, defence and aerospace, energy independence, and frontier technologies. Within these areas, 27 sub-sectors have been identified, including shipbuilding, nuclear energy, nanomaterials, and secure communications. Both middle-market companies and large corporations will be eligible for investment.
Business
Gross GST collections for November stand at over Rs 1.70 lakh crore; up 0.7 per cent – The Times of India
GST collections: The Gross Goods and Services Tax (GST) collections for the month of November came in at over Rs 1.70 lakh crore. This is a rise of 0.7%, according to official data.SBI Research in a report in November had estimated that the gross domestic GST collections may come around Rs 1.49 lakh crore for November 25 (returns of October 25 but filed in Nov’25), a YoY growth of 6.8%.“Coupled with Rs 51,000 crore of IGST and cess on Import, the November GST collections thus could cross Rs 2.0 lakh crore, driven by the peak festive season demand led by lower GST rate and increased compliance while most of states experience positive gains,” SBI Research had said.This story is being updated
New Delhi: Several crucial deadlines have been extended in December 2025, including ITR for tax audit cases, ITR filing and PAN and Aadhaar linking. These deadlines will be crucial in ensuring that your financial affairs operate smoothly in the months ahead.
Here is a quick rundown of the important deadlines for December to help you stay compliant and avoid last-minute hassles.
ITR deadline for tax audit cases
The Central Board of Direct Taxes has extended the due date of furnishing of return of income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26 which is October 31, 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to December 10, 2025.
Belated ITR filing deadline
A belated ITR filing happens when an ITR is submitted after the original due date which is permitted by Section 139(4) of the Income Tax Act. Filing a belated return helps you meet your tax obligations, but it involves penalties. You can only file a belated return for FY 2024–25 until December 31, 2025. However, there will be a late fee and interest charged.
PAN and Aadhaar linking deadline
The Income Tax Department has extended the deadline to link their PAN with Aadhaar card to December 31, 2025 for anyone who acquired their PAN using an Aadhaar enrolment ID before October 1, 2024. If you miss this deadline your PAN will become inoperative which will have an impact on your banking transactions, income tax return filing and other financial investments.
Business
Stock Market Live Updates: Sensex, Nifty Hit Record Highs; Bank Nifty Climbs 60,000 For The First Time
Stock Market News Live Updates: Indian equity benchmarks opened with a strong gap-up on Monday, December 1, touching fresh record highs, buoyed by a sharp acceleration in Q2FY26 GDP growth to a six-quarter peak of 8.2%. Positive cues from Asian markets further lifted investor sentiment.
The BSE Sensex was trading at 85,994, up 288 points or 0.34%, after touching an all-time high of 86,159 in early deals. The Nifty 50 stood at 26,290, higher by 87 points or 0.33%, after scaling a record intraday high of 26,325.8.
Broader markets also saw gains, with the Midcap index rising 0.27% and the Smallcap index advancing 0.52%.
On the sectoral front, the Nifty Bank hit a historic milestone by crossing the 60,000 mark for the first time, gaining 0.4% to touch a fresh peak of 60,114.05.
Meanwhile, the Metal and PSU Bank indices climbed 0.8% each in early trade.
Global cues
Asia-Pacific markets were mostly lower on Monday as traders assessed fresh Chinese manufacturing data and increasingly priced in the likelihood of a US Federal Reserve rate cut later this month.
According to the CME FedWatch Tool, markets are now assigning an 87.4 per cent probability to a rate cut at the Fed’s December 10 meeting.
China’s factory activity unexpectedly slipped back into contraction in November, with the RatingDog China General Manufacturing PMI by S&P Global easing to 49.9, below expectations of 50.5, as weak domestic demand persisted.
Japan’s Nikkei 225 slipped 1.6 per cent, while the broader Topix declined 0.86 per cent. In South Korea, the Kospi dropped 0.30 per cent and Australia’s S&P/ASX 200 was down 0.31 per cent.
US stock futures were steady in early Asian trade after a positive week on Wall Street. On Friday, in a shortened post-Thanksgiving session, the Nasdaq Composite climbed 0.65 per cent to 23,365.69, its fifth consecutive day of gains.
The S&P 500 rose 0.54 per cent to 6,849.09, while the Dow Jones Industrial Average added 289.30 points, or 0.61 per cent, to close at 47,716.42.
India’s logistics push puts fashion in the fast lane
Southeast Asia storm deaths near 700 as scale of disaster revealed
Gross GST collections for November stand at over Rs 1.70 lakh crore; up 0.7 per cent – The Times of India
-
Sports1 week agoWATCH: Ronaldo scores spectacular bicycle kick
-
Entertainment1 week agoWelcome to Derry’ episode 5 delivers shocking twist
-
Politics1 week agoWashington and Kyiv Stress Any Peace Deal Must Fully Respect Ukraine’s Sovereignty
-
Business1 week agoKey economic data and trends that will shape Rachel Reeves’ Budget
-
Tech6 days agoWake Up—the Best Black Friday Mattress Sales Are Here
-
Politics1 week ago53,000 Sikhs vote in Ottawa Khalistan Referendum amid Carney-Modi trade talks scrutiny
-
Fashion1 week agoCanada’s Lululemon unveils team Canada kit for Milano Cortina 2026
-
Tech6 days agoThe Alienware Aurora Gaming Desktop Punches Above Its Weight