Those at Morgan Stanley, too, are upbeat on the region's growth rate. Vaccination, easing of Covid-led travel restrictions and releasing pent-up demand, they believe, will help economic recovery
The research and brokerage house had recently downgraded India to equal-weight in their global emerging markets (GEMs) country portfolio.
Business Standard brings you the top stories on Friday
Served for 25 years, is currently head of emerging markets and chief global strategist at the firm
Despite downgrading India, the global research and brokerage house remains 'structurally bullish' on Indian equities and is looking for stock-level opportunities to hold exposure
CLSA, Goldman Sachs latest to highlight concerns
Sharma joined Morgan Stanley Investment Management in 1996 and is the author of bestsellers including 'Breakout Nations' in 2012
Sentiment was further dented with Morgan Stanley becoming the latest foreign brokerage to sound caution on the domestic market
Is the latest global brokerage to either downgrade India or recommend higher allocation to other Asian markets
The S&P BSE Sensex slid 1.9% in its biggest loss since April 30
Morgan Stanley's downgrade follows similar moves by Nomura and UBS
Morgan Stanley figures it has saved legal staffers 50,000 hours of work and $10 million in attorney fees by using robot Libor lawyers instead of only the human kind
She joins Morgan Stanley from JP Morgan Chase India where she was the head of Global Finance and Business Management and is a certified chartered accountant
Morgan Stanley said it believes Tata Motors will see the highest operating and financial leverage gains
Shares of India's Tata Motors surged to their highest levels in nearly four years on Thursday after Morgan Stanley Research upgraded the stock
Over the next few decades, the world will need to fundamentally retool the way it produces and consumes energy
Diagnostic lab chain Sterling Accuris Wellness on Monday said it has inked a pact to raise Rs 250 crore from a fund managed by Morgan Stanley Pvt Equity Asia in order to expand operations. Sterling, which started operations in 2016, has over 1,000 employees and operates around 150 labs and collection centers in Gujarat, Delhi, Rajasthan and Madhya Pradesh. The company is aiming a revenue of around Rs 250 crore in the current fiscal year. As diseases become more complex, the need for their quick and accurate diagnosis through testing will become more critical," Sterling Accuris Chairman Girish Patel said in a statement. This will lead to increased customer preference towards organised pathology lab networks, he added. "Over the last five years, Sterling Accuris have built a strong business in the markets we operate in and the growth capital infusion from a seasoned investor like Morgan Stanley will help the team accelerate the execution of our expansion plan," Patel noted. During
Citigroup too expects Beijing to help out Evergrande Group, the world's most indebted developer.
Morgan Stanley is scouting for deals, signing JVs in warehousing
Morgan Stanley said on Thursday it expects India to be included in global bond indices in early 2022 and the index inclusion will attract USD170 to 250 billion in bond inflows in the next decade