Page 8 - Morgan Stanley

Morgan Stanley cuts 9% of China fund unit staff amid market rout: Report

This would be the first time Morgan Stanley has cut staff at the China fund unit since it bought out its local partner's 36% stake in the loss-making business for about $54 million in 2023

Banks led by Morgan Stanley discuss refinancing $12.5 bn debt with Musk

Fidelity, which received a stake in X after helping Musk complete his $44 billion purchase, has marked down the value of its position by 72% since the takeover

Is it a good time to buy stocks, or will the markets correct further?

On the global front, analysts expect the 'higher for longer' narrative as regards interest rates to play out for some more time as leading global central banks remain in a wait-and-watch mode

Paytm up 5%: Here's why foreign brokerages remain bullish on the stock

Analysts at Goldman Sachs, Bernstein and Morgan Stanley believe that Paytm can rally up to 75 per cent in a bull case scenario

Nvidia Corp tops Meta record with $277 billion surge in market value

Nvidia shares surged after it reported blowout results that cemented Wall Street bets on the potential for its artificial intelligence technologies

India's GDP growth to moderate to 6.5% in FY25, projects Morgan Stanley

Morgan Stanley Research's report said that it maintained a constructive outlook on the Indian economy, while highlighting that risks emanate from global factors and elections in May 2024

Morgan Stanley planning to eliminate several hundred jobs in wealth unit

The bank's shares have been the worst-performing among its biggest US peers this year, down about 10%

Fragile-five days long gone as funds pile Into India, Indonesia: Report

The original 'Fragile Five' which also included Turkey, South Africa and Brazil referred to nations perceived to be most at risk due to their heavy reliance on foreign investment to drive growth

Morgan Stanley buys Paytm shares worth Rs 244 cr via open mkt transaction

Financial services major Morgan Stanley on Friday bought shares of Paytm's parent company One97 Communications for Rs 244 crore through an open market transaction. Morgan Stanley through its affiliate Morgan Stanley Asia (Singapore) Pte - ODI picked up shares of Noida-based Paytm's parent firm One97 Communications on the National Stock Exchange (NSE). According to the bulk deal data on the NSE, Morgan Stanley Asia (Singapore) Pte purchased 50 lakh shares, amounting to a 0.8 per cent stake in Paytm. The shares were acquired at an average price of Rs 487.20 apiece, taking the deal size to Rs 243.60 crore. Details of the sellers could not be ascertained. Shares of One97 Communications Ltd, which owns Paytm brand, slumped another 20 per cent on Friday, as the RBI has directed Paytm Payments Bank Ltd (PPBL) to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. One97 Communications Ltd (OCL) holds a 49 per cent stake i

MSCI's finest hour: PSU quartet ready to conquer the global stage

Meanwhile, Zomato, Coal India, and HDFC Asset Management Company are likely to experience an increase in their weighting due to a rise in their free-float market capitalisation

Asian stocks drop after 6-day winning streak; Chinese shares decline

A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd

Morgan Stanley's Dec quarter profit hit by charges, revenue beats estimates

Morgan Stanley's net income fell to $1.5 billion, or 85 cents per diluted share, in the three months ended Dec. 31, compared with $2.2 billion, or $1.26 per diluted share, a year earlier

Adobe signals slow growth in generative AI tech, disappoints investors

In the fiscal fourth quarter, sales increased 12% to $5.05 billion. Profit, excluding some items, was $4.27 a share

The salience of constancy

Diving into the paradox of constant change and our innate desire for certainty, Morgan Housel's Same as Ever offers timeless wisdom to negotiate the unpredictable currents of life

Disney names Morgan Stanley's Gorman to board ahead of expected fight

Earlier this month, ValueAct Capital Management became the second activist investor to amass a stake in Disney

S&P Global, Morgan Stanley peg India's GDP growth at 6.4% in 2024

Those at Goldman Sachs, on the other hand, see the Indian economy growing a tad lower at 6.3 per cent in the year ahead.

India Inc net profit share in GDP now just shy of 5% after robust Q2

Morgan Stanley believes that strong earnings growth relative to GDP growth is one of the five key drivers underpinning "India's structural bull market"

Sensex at 86,000; Nifty at 21,800: How foreign brokerages see mkts in 2024

The upcoming general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes

Morgan Stanley sets benchmark Sensex target of 74,000 by December 2024

This implies an upside of 12% from current levels

India's weightage climbs to highest level on MSCI Global Standard index

This marks "a significant increase over the past three years, almost doubling its weight," Nuvama Alternative & Quantitative Research said in a note