Morgan Stanley

  • Morgan Stanley keen to start proprietary trading in India 25-12-2013 05:35 PM

    Indian brokerage arm of global investment banker Morgan Stanley has sought RBI's approval to start proprietary trading under which it will be able to buy and sell securities on its own account. The application of Morgan Stanley is pending with the Reserve Bank as there is no clarity on whether...
  • Morgan Stanley warns of Hindu rate of growth 09-08-2013 06:10 PM

    Mumbai: The economy is facing the spectre of slipping to Hindu rate of growth of the pre-liberalisation era and may fall to an abysmal 3.5-4 per cent growth zone if the weak growth trend lasts for four-five quarters more, warns a Morgan Stanley report. "The recent monetary tightening and uncertain...
  • US: Who makes the most in Obama's White House? 29-06-2013 11:34 AM

    Washington: Twenty-two of President Barack Obama's top advisers make the top White House salary of $172,200 per year - but there is one official who earns 30 per cent more. It's not Chief of Staff Denis McDonough. Not Obama's senior adviser and close friend Valerie Jarrett. Not Cecilia Munoz, who...
  • Morgan Stanley resumes United Spirits at 'overweight' 22-05-2013 11:50 AM

    Mumbai: Morgan Stanley resumes coverage of United Spirits Ltd with an "overweight" rating and a target price of Rs 3,115. The investment bank says new owner Diageo Plc could implement a greater focus on profitable growth for the liquor maker. Morgan Stanley says United Spirits could also focus on the...
  • Morgan Stanley to sell Indian wealth management unit 20-05-2013 02:44 PM

    Mumbai: Morgan Stanley said on Monday it has signed an agreement to sell its Indian wealth management unit to Standard Chartered. Financial terms of the deal were not disclosed. "Morgan Stanley will work closely with Standard Chartered over the coming months to ensure a smooth transfer of our wealth management...
  • Morgan Stanley upgrades Reliance Comm to 'overweight' 09-04-2013 09:42 AM

    Mumbai: Morgan Stanley upgrades Reliance Communications Ltd to "overweight" from "equal-weight" on the back of the company's Rs 12 billion fiber optic network sharing deal with the telecom unit of Reliance Industries Ltd. The investment bank raises its fiscal 2014 earnings estimates for Reliance Comm by 125 per cent as...
  • Wipro results temper IT sector euphoria 19-01-2013 02:58 PM

    ...
  • Inflation may accelerate to 8.2 pc by Dec: Morgan 18-11-2012 10:42 AM

    New Delhi: Notwithstanding the slight decline in Wholesale Price Index (WPI) inflation in October, inflationary pressures are likely to continue in the months ahead and may touch 8.2 per cent by the year end, says a report. According to a research note by Morgan Stanley, WPI inflation is likely to...
  • Banks battle for Facebook IPO 30-12-2011 11:23 AM

    New York: Financial services giants Goldman Sachs and Morgan Stanley are said to be the front-runners for the role of lead investment banker in Facebook's much-awaited blockbuster initial public offering next year, a media report said. Touted as one of the biggest IPOs in over a decade, Facebook's stock sale...
  • S&P cuts ratings for big global banks 30-11-2011 09:53 AM

    New York: Standard & Poor's reduced its credit ratings on 15 big banking companies, mostly in the Europe and the United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria. JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc, Wells Fargo & Co, Goldman...
  • Rajaratnam gets 11 years jail for insider trading 14-10-2011 07:59 AM

    Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation. ...
  • Morgan Stanley cuts global growth view, eyes ECB 18-08-2011 11:15 PM

    London/Bangalore: The United States and euro zone are "dangerously close to recession," Morgan Stanley said on Thursday, criticising policymakers and predicting the European Central Bank will have to reverse its rates policy. The Morgan Stanley research note, which cut global growth forecasts, was cited by stocks traders as adding to...
  • Morgan Stanley says downgrade could sting more 09-08-2011 09:59 AM

    New York: Morgan Stanley warned on Monday that worries about the United States' lowered credit rating may have a "material adverse impact" on the bank and a broader financial market beyond what is immediately apparent. The investment bank's warning came on the first trading day after Standard & Poor's downgraded...
  • Morgan Stanley ups gold, silver price forecasts 05-08-2011 12:44 PM

    New Delhi: Morgan Stanley raised its price forecasts for gold and silver on Thursday, citing enhanced contagion risk from the European debt crisis and continued uncertainty over US macroeconomic outlook. The investment bank said the possibility of renewed US quantitative easing would likely support investor demand and boost the prices...
  • Rajaratnam convicted in insider trading case 12-05-2011 08:02 AM

    New York: Raj Rajaratnam, the hedge fund boss accused of insider trading, was found guilty on Wednesday by a federal jury in New York of conspiracy and securities fraud. The conviction, announced in Manhattan federal court, is a significant victory for federal prosecutors, who have been cracking down on insider...
  • B'lore is India's best booming city: report 18-02-2011 11:01 AM

    New Delhi: Tech hub Bangalore tops the list in a new Morgan Stanley report on how India's booming cities cope with problems from infrastructure to job creation, with Mumbai, India's financial capital, trailing in 21st place. Asia's third-largest economy is home to one-quarter of the world's 20 most densely populated...
  • LinkedIn files for IPO; Big year for Web cos 28-01-2011 11:21 AM

    New York: In what could signal a big year of Internet initial public offerings, social networking website LinkedIn Corp announced plans on Thursday to float shares to the public. The number of shares to be offered and the price range for the offering have not yet been determined, according to...
  • Morgan Stanley banker gave info to Rajaratnam 22-01-2011 10:59 AM

    New York: US prosecutors said a Morgan Stanley banker leaked information regarding an upcoming takeover that ultimately was passed on to Galleon Group LLC founder Raj Rajaratnam, who faces insider trading charges. Prosecutors also unveiled on Friday a new indictment against Rajaratnam, which added a new securities fraud count and...
  • Morgan Stanley downgrades BlackBerry maker RIM 21-08-2010 03:04 PM

    Toronto: With its BlackBerry smart phone facing ban in India and other countries for security concerns, its new Torch 9800 device getting lukewarm response and its market share and stock falling, ratings of Research In Motion (RIM) to 'sell' were lowerded by Morgan Stanley on Friday. From a high of...