Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
Former England batsman Geoffrey Boycott has slammed skipper Eoin Morgan, terming him a player who lacks cleverness while facing top-class bowlers of the World.
Domestic and external environment still remain "challenging".
Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. The size of India's GDP is currently ranked 5th, after the US, China, Germany, and Japan. It overtook the UK in 2022.
The government is understood to have rejected J P Morgan Securities India's plea to waive the condition of mandatory divestment of 25 per cent equity.
The cuts represent roughly 6% of its institutional securities unit - which includes sales, trading and investment banking, sources say.
Nikkei 225 index hit the 40,000 mark for the first time ever on Monday, continuing its bull-run that saw the index reclaim its 1989 peak of 34,000 levels in February. as global investors latched on to Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits. Analysts remain bullish on Japan, mostly aided by gains in technology shares. Adoption of artificial intelligence (AI), according to a note by Morgan Stanley, is likely to benefit Japanese companies, which is almost at par with the US-based companies.
Hardik Pandya continued to be targetted by irate Mumbai Indians fans.
Anil Ambani-led company Reliance Communications appointed JP Morgan as the merchant banker on Monday to look for strategic buyers for its wholly-owned tower subsidiary Reliance Telecom Infrastructure Ltd.
The Reserve Bank of India's (RBI's) record surplus transfer to the government has raised hopes among bond traders that the government might reduce its gross borrowing for the current financial year (2024-25/FY25) by up to Rs 1 trillion. The RBI approved a dividend of Rs 2.11 trillion for the central government for 2023-24, marking an increase of roughly 141 per cent from 2022-23 (FY23). In addition, the contingency risk buffer has been raised to 6.5 per cent from the previous 6 per cent.
England and Wales Cricket Board chairman David Morgan is set to take over as next president of the International Cricket Council in 2008, according to BBC.
England captain Eoin Morgan recorded his highest one-day score on Tuesday with 124 not out to help his team to a six wicket victory over his native Ireland in a one-day international in Dublin.
In September, the headline inflation accelerated to a seven-month high of 6.46 per cent, while the retail inflation quickened to 9.84 per cent.
The US-based firm has marked down the value of Flipkart for the sixth time, the latest at a time when it has been struggling to raise funds at a valuation higher than or equal to $15.2 billion.
Financial services company Morgan Stanley's Asia chief Stephen Roach is more bullish on Indian economy than China.
According to Morgan Stanley, high government deficit and strong growth in rural wages (which is growing at around 20 per cent year-on-year for last three years) are key factors keeping inflation expectations high.
England will adopt a positive approach and cast off the shackles at the World Cup under new skipper Eoin Morgan, coach Peter Moores said on Tuesday before the squad flew out to Australia.
England's Eoin Morgan plundered 125 not out for his maiden Test century to help dig his team out of trouble and steer them to 331 for four at stumps on day one of the first Test with Pakistan on Thursday.
Eoin Morgan feels that England have enough variation and quality in their bowling attack to trouble the star-studded India batting line-up in the upcoming four-Test series beginning at Lord's next week.
Steve Waugh, who captained England to the World Cup triumph in 1999, says Eoin Morgan's side is one of the best one-day teams he's seen and would compete against anyone of the previous eras.
Eoin Morgan's brilliant unbeaten 89 led England to a 15-run victory over Australia in an entertaining first one-day international at Lord's on Friday.
It was a starry affair at the Narendra Modi stadium as the skippers of all ten World Cup teams attended the captain's day.
The deal underscores a growing trend of consolidation in Asia's wealth management industry.
Bank of America Merrill Lynch on Monday trimmed India's economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal, while global financial services giant Morgan Stanley downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent.
Three senior executive of JP Morgan Chase & Co's are expected to leave over the US-based global banking giant's over USD 2 billion loss on derivative trades, says a media report.
Domestic markets may see the return of retail investors finally as earnings from equities have turned positive in recent months, brokerage firm Morgan Stanley said.
England could hardly have made a worse start to the sport's most important tournament, losing by 111 runs to Australia last weekend and then suffering an embarrassing eight-wicket loss to New Zealand on Friday.
What was intended to be a fun challenge, turned out to be an unmemorable one, with Piers Morgan ending up with a broken rib.
IMAGES from UEFA Champions League matches played on Tuesday
India's aviation industry is not moving towards profitability any time soon
England's limited overs captain Eoin Morgan sees the upcoming three-match ODI series against India as a formidable challenge and expressed happiness at the quality of the teams his side will face in the two warm-up games in Mumbai, on Tuesday, and on January 12.
Classy centuries from captain Eoin Morgan and Joe Root propelled England to a seven-wicket victory over New Zealand.
The outcome of the general elections, the Morgan Stanley note says, has enough firepower to sway the markets on either side.
It has also reduced its year-end target for the BSE benchmark Sensex by 15 per cent to 18,850.
The Sensex is down by nearly 22 per cent from an all-time high of 21,206.77 points scaled on January 10, 2008.
According to Morgan Stanley, this December should prove 'good for bulls'.
Global investment bank Morgan Stanley today named P Jayendra Nayak, the former chairman and chief executive officer of Axis Bank, as its new chief executive and country head for India. Nayak, who will replace Narayan Ramachandran, is slated to join on April 5.
Eoin Morgan played a captain's knock, as England outplayed a listless India in all departments and record a crushing seven-wicket victory in the first T20 International to take a 1-0 lead in the three-match series.
English skipper Eoin Morgan expressed disappointment in the manner his side surrendered in the tri-series final to Australia by 112 runs but said that they will come back stronger in the World Cup beginning on February 14.
