Page 13 - Morgan Stanley

Forex below $500 bn would force RBI to hike aggressively: Morgan Stanley

RBI has used close to $100 bn of FX reserves since late 2021 to defend the currency. Such action makes sense as it had been accumulating FX reserves before that and it wants INR stability

Year 2023 will be year of disinflation in Asia: Morgan Stanley report

The year 2023 will be the year of disinflation (inflation at slow rate) in Asia, said Morgan Stanley in a research report.

Morgan Stanley plans fresh round of layoffs globally in coming weeks

Some cuts will come from capital markets teams in Hong Kong and mainland China, and most of the rest are expected to be from other teams focusing on China business, both onshore and offshore

Amid heavy sell-off, FPIs dump 30 mn Paytm shares in less than a year

The retail shareholding has increased to 6.37% at the end of September, as compared to 2.79% at the time of listing

India has conditions in place for an economic boom: Morgan Stanley

'We estimate that manufacturing's share of GDP will rise to 21 per cent by 2031, implying an incremental $1 trillion manufacturing opportunity'

Credit Suisse hires 20 banks for $4 bn capital increase to restructure

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

MSCI sets aside Piramal Pharma's exclusion from global standard index

The company was listed separately on October 19, following its demerger from Piramal Enterprises

In call with bankers, Musk pledges to close Twitter deal by Friday

Elon Musk pledged to close the acquisition of Twitter Inc. by Friday in a video conference call with bankers helping fund the deal

Samvat 2078: A year of India's stock market outperformance to global peers

During the year, India's dematerialised account tally topped 100 million for the first time

Invesco sells 5.5% stake in Zee for Rs 1,396 cr at Rs 263.7 a share

Morgan Stanley, Citigroup, Bank of America, Abvendus, ICICI Prudential MF were some of the buyers

Rural demand in India to rebound due to multiple factors: Morgan Stanley

A combination of factors like wider opening, improving labour market and terms of trade for the rural sector will result in rural demand to rebound in India, said Morgan Stanley on Wednesday

Morgan Stanley-led banks face $500 million loss on Twitter debt to Musk

When banks led by Morgan Stanley agreed in April to help finance Elon Musk's purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world

Emerging mkts close to completing current bear-market cycle: Morgan Stanley

It's highly likely these markets are bottoming amid "abundant" signs of capitulation, the investment bank's strategists including Jonathan Garner wrote in note

Credit Suisse plummets 12%, options worsen as market mayhem takes toll

Shares in the Swiss banking giant plummeted 12% to an all-time low on Monday after a weekend of fevered Twitter speculation about its financial health, before they regained almost all of the losses

Morgan Stanley to pay $35 mn to settle SEC charges over data security

Morgan Stanley agreed to pay the penalty and settle the case without admitting or denying the allegations.

How RIL quietly reinvented its investment strategy to meet new goals

Nowhere in sight two years ago, the energy vertical now accounts for over a fourth of RIL's $6.4 bn war chest while telecom's share in dipping and retail has clearly become a laggard

Morgan Stanley revises rate call on RBI to 50 bps on sticky inflation

In the RBI's monthly bulletin released late Friday, the central bank said it will have to front-load its monetary policy to fight high inflation and shield medium-term growth.

RBI likely to raise repo rate by 50 basis points to 5.9%: Morgan Stanley

"We were earlier expecting a 35bp increase, however, sticky inflation and continued hawkish stance of DM central banks, warrants continued front loading of rate hikes, in our view," the report said

India's industrial production growth less than estimates: Morgan Stanley

Manufacturing activity growth slowed to 3.2 per cent, and electricity production to 2.3 per cent

Investors left empty-handed in IndiGo block trade due to slippage

None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage