The deal underscores a growing trend of consolidation in Asia's wealth management industry.
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.
Higher valuation creation in companies beyond the top 100 has given the domestic markets a shot at a $4 trillion market capitalisation (mcap) - a club exclusive to three countries currently. On November 23, the mcap of all BSE-listed stocks finished at a new record of Rs 328.33 trillion ($3.94 trillion), despite the benchmark indices ending with losses. The mcap was propelled by gains in the broader market, including small and midcap stocks - a trend dominant this year.
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.
What was intended to be a fun challenge, turned out to be an unmemorable one, with Piers Morgan ending up with a broken rib.
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.
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index. The gains for the leader of small passenger cars have been more recent, as the company still trails the Nifty Auto over one- and two-year periods.
Classy centuries from captain Eoin Morgan and Joe Root propelled England to a seven-wicket victory over New Zealand.
Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.
India's aviation industry is not moving towards profitability any time soon
Apple Inc is expected to produce iPhones worth $12 billion (freight on board value) in India during 2023-24, according to discussions between the company's vendors and the government. This would account for around 12 per cent of Apple's global iPhone production-higher than the earlier plan of shifting around 9 per cent of the total to India by FY24, which is the third year of the PLI (production-linked incentive) scheme.
A minimum of three-match Test series and the home team footing the bill of the visiting side in a bilateral contest are some of the recommendations made by the MCC's World Cricket Committee.
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.
It has also reduced its year-end target for the BSE benchmark Sensex by 15 per cent to 18,850.
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.
Morgan Stanley says favourable factors will push Sensex to 32,500 level by December.
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'.
After the debacle of the first episodes of Season 6, the latter half give an even-handed treatment to intriguing not-so-well-known events of Queen Elizabeth II's reign, observes Vaihayasi Pande Daniel.
Arsenal returned to the top of the Premier League with a comfortable 2-0 victory over relegation-threatened Luton Town
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.
After a sharp rally in the equities market this year, investors could be better off rotating some funds towards the debt market. Experts believe several tailwinds could spur bond market returns over the next 12-18 months. These include India's robust macroeconomics, declining inflation, and the imminent passive flows of close to Rs 2.5 trillion on account of domestic sovereign bonds getting included in the JP Morgan global indices.
Wants to jointly develop the office space at Bandra-Kulra Complex.
ITC's move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investor's concerns on the company's capital allocation strategy in the medium-to-long term, said analysts at Morgan Stanley in a note. According to the company, the board of directors has approved in principle the demerger of the hotels business, wherein ITC will hold a 40 per cent stake in the new entity, and the remaining 60 per cent will be held directly by shareholders. The scheme of arrangement shall be placed for approval of the Board at its next meeting to be convened on 14th August 2023.
The race to win the Republican nomination for the US Presidential election this November began in icy Iowa on Monday January 15, 2024, when voters picked their nominee.
Morgan insisted that teams are likely to do well if they stop being over-reliant on big names and find a collective group of players can deliver.
Seeing Dubliner Eoin Morgan become England's World Cup skipper was a 'wee bit irritating' for Ireland.
Leicester beat Southampton to open seven-point gap at the top.
Parkway, which is the biggest listed hospital chain in Asia, is now at the centre of a probable bidding war between the Singh Family-promoted Fortis Healthcare and Khazanah.
British TV personality Piers Morgan has trolled Dutch footballer Robin van Persie, whose switch from Arsenal to Manchester United has been a sore point for many, on Twitter after Manchester United beat Crystal Palace on Saturday.
Mahua asserted that despite all efforts by the Bharatiya Janata Party to "sound the death knell" for constitutional democracy, India is too great a country to be destroyed by the fascists.
Wage hikes and rupee depreciation may affect the business.
The bullishness in the Indian stock market is likely to continue and the benchmark Sensex will reach 32,500 by December 2015, global brokerage firm Morgan Stanley said.
Foreign portfolio investors' (FPIs') net investment in the domestic debt market in October was the third highest during the current calendar year as foreign investors rushed to lock in higher returns amid global uncertainty and geo-political tensions, market participants said. FPI inflows in debt stood at Rs 6, 322 crore in October against Rs 768 crore in September, according to data on the National Securities Depository Limited (NSDL). Market participants said that the majority of the inflows were channelled through corporate bonds.
England have rested Alastair Cook, James Anderson, Ian Bell, Stuart Broad and Graeme Swann for the five-match One-Day International series against Australia next month.
Morgan Stanley said two of three RIL's core divisions face near-term headwinds.
Global banks Morgan Stanley and Citigroup and private equity firm Actis today collectively bought a six per cent stake in the National Stock Exchange (NSE) for an undisclosed sum.
Eoin Morgan kept up his purple patch of form and Paul Collingwood achieved an England landmark in a four-wicket win over Australia in the second one-day international in Cardiff on Thursday.
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