Merrill Lynch will auction 40 lots of exclusive Indian artwork on October 5 at Mall Galleries in London.
Attributing to people familiar with the plan, the Financial Times said that SEC and Federal Reserve officials were warned by Merrill Lynch about Lehman's balance sheet calculations as far back as March 2008.
We have a great team and they are quality people with decades of experience. Everyone would like to retain them, says Hemendra Kothari, Chairman, DSP Merrill Lynch.
Merrill Lynch has acquired DSP Merrill Lynch (DSPML) by buying around 50 per cent stake for $500 million, and in the process increased its share in the Indian joint venture to 90 per cent.\n
In 2006, Kothari had sold 48 per cent stake in the company to Merrill Lynch. Kothari will be retiring from the company effective from March 31.
Merrill Lynch has downgraded India to "market weight" category and said the near term disappointment could accelerate selling that has until recently been rather modest.
DSP Merrill Lynch Fund Managers Limited Senior Vice President Anup Maheswari told reporters in Kolkata on Tuesday that the fund, to be launched next month, would target small and mid-cap companies having huge growth potential.\n
Matter goes back to 2004 when Sebi investigated the dealings of various entities on May 17, 2004 when the Sensex fell more than 11 per cent or 565 points.
Global financial service provider Merrill Lynch said on Tuesday it has appointed Jayanti Bajpai as head of investment banking operations in India. Bajpai, named as head of origination for India, would take over from Patti McLaughlin, who has been leading the investment banking effort over the past year.
Tata Motors will see 'strong operational recovery of its domestic business, which we believe should be the prime driver of stock valuations', Merrill Lynch said in a research report, adding that 'Jaguar Land Rover is likely to recover next year'.
Union Bank of India plans to distribute mutual fund products of DSP Merrill Lynch Mutual Fund as a part of its strategy to increase fee based income.
New York-headquartered hedge fund BlackRock Inc has acquired the 40 per cent stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers, in a move that signals the world's fifth largest asset manager's entry into the booming Indian market.
Beleaguered investment banking major Merrill Lynch's losses widened to $5.15 billion for the third quarter ended September 26, 2008, as write-downs to the tune of $9.5 billion took a heavy toll on the bottom line.
The government is believed to have zeroed in on DSP Merill Lynch for appointment as advisor and UBS and I-Sec as lead manager for the proposed public offer in Bharat Petroleum Corporation.
These investments from strategic international partners would provide Indian commodity markets and MCX access to global know how and technology making them more efficient, competitive and transparent institutions globally.
Bharti Airtel remained the top telecom pick of Indian companies followed by Reliance Communications, according to the latest report by world's leading financial management and advisory company Merril Lynch.
The huge loss at Merrill follows Citigroup Inc's write-off of $18 billion against sub-prime exposure. Citigroup, on Tuesday, had reported the biggest loss of almost $10 billion in its 196-year history.
Merrill Lynch jumps to first from 7th last year in a smaller market; says its focus is larger deals and clients.
Merrill Lynch, in an agreement with prosecutors that let it avoid criminal charges over its role in the Enron debacle, has promised not to engage in business deals that it believes might be used to mislead investors.
Merrill Lynch is seeking to expand its presence in emerging market economies such as Brazil, Russia, India and China as it looks for new sources of growth to mitigate the downturn in US markets, John Thain, Merrill Lynch's chief executive, said on Wednesday.
Better supply management and check on hoarding should be able to prevent food price spikes
US giants -- Citibank, Merrill Lynch, Smith Barney and Chase -- might be revered as big daddies of the banking and financial service space here in India, but consumers in their own homeland consider them 'below average'.\n
The top executives of American entities Merrill Lynch and Morgan Stanley will forego their yearly bonuses amid the Wall Street executives coming under fire for the ongoing financial turmoil, say media reports.
Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
The top executives at Merrill Lynch and Morgan Stanley, led by their chief executives John Thain and John Mack, will not receive bonuses this year amid growing pressure on Wall Street leaders to share the pain of the financial crisis.
DSPMCF is a little different as compared to the other small cap funds launched so far
Merrill Lynch said on Wednesday it was upbeat on Asian equities this year because strong domestic demand would boost corporate earnings growth, with India, Thailand, Australia, China, and South Korea offering the best value.
Merrill Lynch & Co Inc, said on Friday that Deepak Raj, who headed its global stock research team while it was the target of state and federal investigations, is leaving the Wall Street firm one week after his boss, Robert McCann, resigned.
BofA Merrill also upgrades its price objectives for private banks, retaining ICICI Bank Ltd as its top pick, and HDFC Bank Ltd and Axis Bank Ltd as its 'preferred' names.
Beleaguered investment bank Merrill Lynch has paid more than $10 million in cash and stock to its eleven top executives last year, says a media report.
Merrill Lynch warned that oil prices could fall as low as $25 a barrel next year if the recession affecting the US, Europe and Japan extended to China, the main driver of demand growth in commodity markets in recent years.
The sudden harsh ouster of Thomas Patrick as Merrill Lynch's executive vice chairman, may spell bad news for India-born Arshad Zakaria, who is head of institutional banking at Merrill, said the New York Times in a report.
Fraud-hit IT outsourcing company Satyam Computer Services Limited (rebranded as Mahindra Satyam) is getting itself back on track, and inching closer towards acquiring the multi-million multi-year contracts it lost from Telstra and Merrill Lynch, according to a source close to the development.
Buoyed by the 'feel good factor' in the economy, investment banking firm DSP Merrill Lynch on wednesday raised India's GDP forecast for 2003-04 to 7.3 per cent from the earlier prediction of 6.7 per cent.
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