Page 18 - Morgan Stanley

Reliance to transform energy business, says Morgan Stanley

Over the next few decades, the world will need to fundamentally retool the way it produces and consumes energy

Sterling Accuris to raise Rs 250 crore from fund managed by Morgan Stanley

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

China may initiate restructuring of Evergrande Group, says Morgan Stanley

Citigroup too expects Beijing to help out Evergrande Group, the world's most indebted developer.

Puravankara hits pause button on warehousing JV with Morgan Stanley

Morgan Stanley is scouting for deals, signing JVs in warehousing

India's inclusion in global bond may attract $170 to $250 bn in inflows

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

Morgan Stanley sees India winning global bond index spot early next year

JPMorgan's influential GBI-EM and Global Aggregate indices are likely to include India in early 2022, Morgan Stanley's analysts said

Morgan Stanley to Citigroup turn sour on US equity outlook

Morgan Stanley slashed US equities to underweight and global stocks to equal-weight on Tuesday, citing "outsized risk" to growth through October.

Morgan Stanley maintains India GDP growth estimate of 10.5% for FY22

Morgan Stanley on Wednesday maintained its estimate of India GDP growth at 10.5 per cent for FY2022 versus the general consensus of 9.2 per cent

Ola picks banks for $1 billion IPO, may file papers in Oct: Report

The Bangalore-based startup could seek a valuation of more than $8 billion in the IPO and could lodge a filing as soon as October, people familiar with the matter said

GDP levels in Asia to exceed pre-Covid path from 1Q22: Morgan Stanley

Covid-19 remains an overhang on the near-term growth outlook of Asia and lockdown measures are constraining consumption growth, Morgan Stanley said on Friday.Strength in exports and capex has lifted Asia's overall GDP closer to its pre-Covid path, but consumption remains below its pre-Covid path, it said in a research report titled 'The Viewpoint: The Next Phase in Asia's Recovery' authored by Chetan Ahya, Derrick Y Kam and Jonathan Cheung.However, the report forecast vaccination rates for adult population reaching 80 per cent or higher in 10 out of 12 economies (accounting for 95 per cent of the region's GDP) in the region by 4Q21."These high rates of vaccinations will allow policymakers to shift their Covid management strategy and allow restrictions to be relaxed, which we expect in turn lead to a full-fledged recovery in growth from early next year."Powered by all its engines, said the report, Asia's growth momentum should improve in the coming quarters. GDP levels will exceed ...

Global banks' $170-billion haul marks most profitable year ever

As the dust settles over earnings season, a total profit of more than $170 billion from a dozen of the biggest firms in the past four quarters shows how far the industry has come from the frazzled ear

Global growth boom may disappoint, says Morgan Stanley's Ruchir Sharma

Sharma, who is the author of bestsellers including "Breakout Nations" in 2012 and "The Rise and Fall of Nations" in 2016, isn't predicting a global bust

Morgan Stanley beats profit estimates on capital market, deal-making boom

Morgan Stanley reported a better-than-expected quarterly profit on Thursday, as its investment banking business benefited from record levels of capital market activity

Wall Street is raising payouts to investors on stress-test success

Shares of Morgan Stanley climbed 3.71 per cent during early New York trading

Wall Street banks hike shareholder payouts after Fed gives the green light

Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said they were hiking their capital payouts after the US Federal Reserve gave them a clean bill of health

Morgan Stanley plans to bar unvaccinated staff from New York offices

Gorman estimated that more than 90 per cent of employees back in the offices were already vaccinated

India Inc earns 72% of revenue from the domestic market: Morgan Stanley

On an aggregate basis, 72 per cent of EM companies' revenues come from their home country

Wall Street CEOs get heat from Congress over social justice, fees & wokeism

the Wall Street bosses frequently found themselves under fire from both sides of the aisle, Democrats and Republicans

India is first pick among Asia emerging markets for Morgan Stanley

The earnings momentum has been quite resilient and the policy momentum quite focused towards improving the infrastructure and attractiveness in the global supply chain: Daniel Blake of Morgan Stanley

Morgan Stanley's bull case scenario sees Sensex at 61,000 by December 2021

In a bull-case scenario (30 per cent probability), Morgan Stanley sees the Sensex at 61,000 levels - an upside of around 22 per cent from the current levels