Morgan Stanley

  • Budget may launch reform agenda of Modi government: Morgan Stanley June 24, 2014

    Mumbai: The first budget of the Narendra Modi government, slated for July 10, is expected to kick-start the government's reform agenda, American brokerage Morgan Stanley said in a report. "Policy reforms are much needed to ensure that the country transitions out from stagflation to an environment of higher growth and lower...
  • Morgan Stanley keen to start proprietary trading in India December 25, 2013

    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 foreign...
  • Morgan Stanley warns of Hindu rate of growth August 9, 2013

    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 global...
  • US: Who makes the most in Obama's White House? June 29, 2013

    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' May 22, 2013

    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 "prestige"...
  • Morgan Stanley to sell Indian wealth management unit May 20, 2013

    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 clients...
  • Morgan Stanley upgrades Reliance Comm to 'overweight' April 9, 2013

    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 a...
  • Morgan Stanley upgrdaes RComm to 'equal-weight' March 26, 2013

    Mumbai: Morgan Stanley upgrades Reliance Communications Ltd to "equal-weight" from "underweight," citing improving outlook for the telecoms sector due to higher tariffs, falling capex, and "more attractive" valuations. However, Morgan Stanley warns a key risk remains in Reliance Communications' debt levels, estimating its net debt to EBITDA at around five times...
  • Mukesh Ambani stepping down from BofA board March 16, 2013

    Bank of America Corp said director Mukesh Ambani will step down at the bank's annual shareholder meeting in May in the latest reshaping of the No 2 US bank's board. Ambani, chairman of Reliance Industries Ltd, became a director in March 2011 and brought global experience to a bank better known...
  • HSBC, Morgan Stanley lower India's FY14 growth estimate March 13, 2013

    Mumbai: Global financial institutions HSBC and Morgan Stanley lowered India's economic growth forecast for the next financial year to 6 per cent from 6.2 per cent earlier due to challenging domestic and external environments and lower-than-expected expansion in the current fiscal. According to an HSBC report, despite signs of growth...
  • HSBC, Morgan Stanley cut India's FY14 GDP forecasts March 13, 2013

    New Delhi: Morgan Stanley and HSBC each cut their India's economic growth forecasts for 2013/14 to 6.0 per cent from 6.2 per cent to reflect lower-than-expected growth in the October-December quarter. HSBC says it expects 50 basis points of additional rate cuts in the calendar year 2013, and "a slightly more...
  • Morgan Stanley, Nomura upgrade Bharti Airtel February 27, 2013

    Mumbai: Morgan Stanley raised its rating on Bharti Airtel Ltd to "overweight" from "equalweight," citing positive factors for the sector such as rising tariffs and data volumes, falling capital spending and eased competitive intensity. Morgan Stanley said the "failure" of the recent 900 Mhz auction also lowered regulatory risk for India's...
  • Morgan Stanley to let India banking licence to lapse January 26, 2013

    Mumbai: Morgan Stanley intends to allow its banking licence in India to lapse as part of its changed business strategy, the Economic Times newspaper reported on Saturday. However, the Wall Street bank will continue to run its investment banking business and stay registered as a non-banking finance company with the...
  • Wipro results temper IT sector euphoria January 19, 2013

    Mumbai: India's no.3 software services provider Wipro Ltd's less-than-perfect score on its quarterly earnings report card threw a measure of doubt over the sector's near-term outlook, with new projects and contracts still elusive. Since a week ago, better-than-expected results from Infosys Ltd, Tata Consultancy Services Ltd and HCL Technologies Ltd...
  • Morgan Stanley upgrades Sterlite to 'overweight' January 11, 2013

    Mumbai: Shares in Sterlite Industries (India) Ltd rose 2 per cent to 117.90 rupees after Morgan Stanley upgraded the stock to "overweight" from "neutral" and raised its target price to 142 rupees from 110.20 rupees. The investment bank said Sterlite shares have been "cheap for a while," and added group...
  • Morgan Stanley to cut 1,600 jobs to reduce costs January 10, 2013

    Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on January 9, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums. The staff reduction pertains to Morgan Stanley's institutional securities unit...
  • TCS shares gain as Morgan Stanley upgrades its rating December 19, 2012

    New Delhi: Shares in Tata Consultancy Services gain 1.9 Per cent after Morgan Stanley upgraded the stock to 'overweight' from 'equal-weight' and raised its target price on the stock to Rs 1,415 from Rs 1,225. Morgan Stanley says, IT spending could be stable in 2013 and that it does not expect...
  • Morgan Stanley fined $5 million over Facebook IPO December 18, 2012

    Boston: Morgan Stanley, the lead underwriter for Facebook's troubled public stock offering, has agreed to pay $5 million to Massachusetts' securities regulators after they accused it of disclosing a revenue shortfall only to certain analysts and not the general public. According to state regulators, a Morgan Stanley banker organised phone calls...
  • Inflation may accelerate to 8.2 pc by Dec: Morgan November 18, 2012

    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...
  • Morgan Stanley cuts growth forecast to 5.1 pc September 3, 2012

    Mumbai: Morgan Stanley cut India's economic growth forecast to 5.1 per cent on Monday, the lowest among most private forecasters for the 2012/13 fiscal year, citing a combination of weak external demand, low private investment and poor government finances. The US investment house had previously projected Asia's third largest economy to...
  • Wal-Mart, others seek US govt help on India plans July 29, 2012

    Washington: Amid growing political opposition in India for easing of foreign investment norms in retail and other sectors, US-based companies like Wal-Mart and Prudential Financial are lobbying hard with their own lawmakers in Washington to garner support for their Indian business expansion plans. As per their latest lobbying disclosure reports filed...
  • Outlook worsens for Tata Motors: Morgan Stanley July 6, 2012

    Morgan Stanley has lowered its target price on Tata Motors to Rs 240 from Rs 291 and maintains its "equal-weight" rating on the stock. The investment bank said that Tata's Jaguar Land Rover's product cycle was entering a "slow phase," while India's medium and heavy commercial vehicle cycle was "weak", and...
  • Morgan Stanley maintains underweight rating on SBI June 27, 2012

    Mumbai: Leading American investment bank Morgan Stanley on Wednesday said it maintains the "underweight" rating on State Bank of India, with a target price of Rs 1,425 a share, as it sees asset quality issues at the nation's largest lender. The report comes after the i-banker had a meeting with the...
  • India should not take growth for granted: Manoj Pradhan June 26, 2012

    Manoj Pradhan Age: 42 Profile: Global Emerging Markets Economist at Morgan Stanley Career: He has served on the faculty of the economics departments at the State University of New York (Stony Brook) and the George Washington University in Washington DC from 1998 to 2004 Education: PhD in Macroeconomics from the George Washington University and...
  • Moody's cuts ratings of world's 15 biggest banks June 22, 2012

    London/Charlotte: Ratings agency Moody's downgraded many of the world's biggest banks on Thursday, lowering credit ratings of 15 companies by one to three notches. Morgan Stanley, one of the most closely watched firms, had its long-term debt rating lowered by just two notches, one level less than had been expected, and...
  • Morgan Stanley blames bad policies for low economic growth June 6, 2012

    Morgan Stanley cuts India's growth forecast to its lowest ever estimate of 5.8 per cent. ...
  • Morgan Stanley lowers India's growth forecast June 6, 2012

    Mumbai: Global investment bank Morgan Stanley today blamed a misguided policy approach focused on consumption for the steep fall in the growth momentum, while scaling down its FY13 growth forecast to 5.8 per cent, the lowest estimate so far. The New York-headquartered bank has cut its growth forecast from the earlier...
  • Global financial majors lower India growth prospects June 2, 2012

    New Delhi: Five global financial services majors, including Morgan Stanley, Stanchart and Citi, have lowered India's growth prospects to 5.7-6.4 per cent for the current fiscal, a day after markets received a "shock" from nine-year low GDP growth of 6.5 per cent for 2011-12. In their...
  • Morgan Stanley cuts India growth forecasts May 21, 2012

    Morgan Stanley has cut India's 2012 economic growth forecast to 6.3 per cent from prior 6.9 per cent; 2013 forecast to 6.8 per cent from 7.5 per cent. On a financial year basis, Morgan Stanley expects FY13 growth at 6.3 per cent and FY14 growth at 6.9 per cent. "Bad" growth mix...
  • Facebook prices at top of range in landmark IPO May 18, 2012

    New York: Facebook Inc priced its initial public offering at the top of its target range to raise more than $16 billion, as strong demand, particularly from retail investors, fuels anticipation of a big pop in the stock when it begins trading on Friday on the Nasdaq. Predictions of how much...