Morgan Stanley

  • Budget may launch reform agenda of Modi government: Morgan Stanley 24-06-2014 07:39 PM

    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...
  • 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

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  • 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...
  • Morgan Stanley cuts growth forecast to 5.1 pc 03-09-2012 10:29 AM

    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...
  • Wal-Mart, others seek US govt help on India plans 29-07-2012 03:46 PM

    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...
  • Outlook worsens for Tata Motors: Morgan Stanley 06-07-2012 11:55 AM

    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",...
  • Morgan Stanley maintains underweight rating on SBI 27-06-2012 04:51 PM

    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...
  • India should not take growth for granted: Manoj Pradhan 26-06-2012 02:46 PM

    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...
  • Moody's cuts ratings of world's 15 biggest banks 22-06-2012 08:19 AM

    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,...
  • Morgan Stanley blames bad policies for low economic growth 06-06-2012 12:03 PM

    Morgan Stanley cuts India's growth forecast to its lowest ever estimate of 5.8 per cent. ...
  • Morgan Stanley lowers India's growth forecast 06-06-2012 12:44 AM

    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...
  • Global financial majors lower India growth prospects 02-06-2012 12:39 AM

    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 reports to clients worldwide,...
  • Morgan Stanley cuts India growth forecasts 21-05-2012 03:11 PM

    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"...