Kaynes Technology shares slid nearly 10% after its Q4 results failed to meet expectations. Investors reacted to a revenue guidance miss, deteriorating balance sheet metrics, and a sharp fall in profit. The stock dropped to about Rs 3,760 on the BSE as brokerages—including JPMorgan and Nuvama—turned cautious following the earnings report.
A fresh set of bombshell allegations has surfaced in the sexual harassment case involving JPMorgan executive Lorna Hajdini. The lawsuit claims she coerced a married junior employee into a “sex slave” situation, including drugging, intimidation, and forcing “non-consensual” sexual acts—pushing the dispute into new, more alarming territory in the Chirayu Rana matter.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
JPMorgan Chase allegedly offered $1 million to settle sexual assault and harassment claims raised by former investment banker Chirayu Rana, before he filed his lawsuit. Rana initially demanded more than $20 million. JPMorgan says its internal investigation found no evidence supporting the allegations, even as the settlement offer turned into another flashpoint on Wall Street.
A former JPMorgan Chase banker, Chirayu Rana, is accused of faking his father’s death to obtain bereavement leave. Rana later filed a lawsuit against executive Lorna Hajdini, alleging sexual abuse and drugging. Investigators found Rana’s father was alive and unaware. The suit was withdrawn, and JPMorgan reviewed the claims and found no merit.
A JPMorgan Chase executive, Lorna Hajdini, is named in a refiled harassment lawsuit alleging sexual advances, career-threatening conduct, and racially charged remarks toward a former employee of South Asian descent. The plaintiff claims the executive used discriminatory language and made threatening comments. JPMorgan says its prior investigation found no merit, while Hajdini’s lawyers deny the allegations.
Meta Platforms is reportedly preparing a financing package of about $13 billion for a new data center in El Paso, Texas. Bloomberg News says the effort is led by Morgan Stanley and JPMorgan Chase, citing people familiar with the matter. If finalized, the deal would underline Meta’s continued push to expand infrastructure and capacity across the US.
Never miss a story
Set alerts for the topics and sources you care about. Download Beige for free.
A former JPMorgan employee, Chirayu Rana, allegedly used an online legal chatbot to detail sexual assault accusations against a Morgan Stanley boss months before his later complaint against JPMorgan executive Lorna Hajdini went public. The chatbot messages reportedly described rape and harassment and claimed he was pressured into signing a separation agreement, igniting an online divide.
A sexual abuse and racial harassment lawsuit filed against JP Morgan executive Lorna Hajdini has sparked fresh controversy after a report claimed the allegations were fabricated. The case, reportedly lodged in New York County Supreme Court, also mentions an Indian banker complainant and questions the credibility of the accuser’s statements, intensifying scrutiny of the parties involved.
Viswas Raghavan joined Citigroup in February 2024 as head of banking after leaving JPMorgan Chase. Reports say concerns about his workplace conduct were raised at JPMorgan before his exit. Citi reportedly brought him in with a major compensation package, and his high-profile arrival has sparked scrutiny—along with speculation that he could be in line for a top CEO role.
A former JPMorgan employee, Chirayu Rana, accused high-ranking executive Lorna Hajdini of sexual harassment, alleging he was drugged and threatened. But an internal investigation found no evidence of wrongdoing. Rana’s lawsuit was filed under a pseudonym, and the claims resurfaced after the probe, with reports also pointing to a failed attempt to secure payment.
Reading on mobile?
Open Beige in the app for a smoother experience — free on iOS and Android.
JPMorgan Chase is facing a lawsuit alleging that a senior executive, Lorna Hajdini, abused a junior married employee by drugging him, intimidating him, and forcing sexual acts described as non-consensual. The complaint also claims racial slurs and degrading language, including referring to him as a “brown boy Indian.” The dispute could expose how workplace power was allegedly weaponized.
A lawsuit in the US has brought fresh attention to workplace harassment claims at JPMorgan, accusing a senior executive identified as Lorna Hajdini of misconduct, threats, and career pressure. A junior Indian employee alleges abuse and coercion linked to professional outcomes. JPMorgan says it reviewed the matter internally and denies the claims, intensifying debate over employee rights and workplace safety.
JPMorgan CEO Jamie Dimon says the world is heading toward a bond crisis, driven by rising government debt and geopolitical stress, including the Iran US standoff. He warns bond yields could surge sharply, potentially pulling money away from equities. The comments come as US Treasury yields stay elevated amid inflation concerns and ongoing Middle East tensions.
JPMorgan Chase CEO Jamie Dimon said he is not worried about inflation, suggesting current trends won’t derail the economy. However, he flagged a darker scenario: stagflation. That mix of weak growth and stubbornly high prices remains one of the worst risks, according to Dimon’s assessment.
Follow your favourite sources
Track sources, tags and categories — all in the Beige app.
JP Morgan says the recent drop in global oil demand is being driven more by rising supply disruptions than by sub-$100 oil prices. The bank describes this as a “forced demand loss,” meaning demand is slipping because markets can’t reliably get supply, rather than because consumers are cutting usage due to high costs.
JPMorgan downgraded India’s stock market stance to Neutral from Overweight, citing stretched valuations, earnings risks, possible dilution, limited tech exposure, and monsoon-linked uncertainty. The bank warns the Nifty may drop sharply even as it points investors toward comparatively better opportunities in other emerging markets.
JP Morgan has shifted India to neutral, warning that elevated valuations leave less room for upside while earnings risk increases. HSBC has also downgraded India, pointing to inflationary pressures and softer demand that could weigh on growth. Analysts say India’s long-standing premium is under strain as investors look at other emerging markets with cheaper entry points for similar returns.
JPMorgan CEO Jamie Dimon says losses in the $1.8 trillion private credit market may be “higher than expected.” But the warning isn’t new: the Fed, IMF, Financial Stability Board, and other regulators have been assembling evidence for over a year. The report connects the risk from loan origination through private credit vehicles to where a wider shock could emerge.
Stay informed on the go
Bite-sized news from 100+ trusted sources, right in your pocket.
JPMorgan has downgraded Indian equities to Neutral from Overweight, warning that the Nifty could fall to 20,500 in a bear-case scenario, suggesting around 15% downside. The bank says the long-term outlook is intact, but near-term pressure could come from elevated valuations, Iran-related uncertainty, energy disruption risk, and emerging earnings concerns as FY27 estimates are cut.
Swipe through stories, personalise your feed, and save articles for later — all on the app.