Domestic and external environment still remain "challenging".
Sagoo was the lone candidate left in fray after incumbent senior vice president Anju Bobby George opted out of the race for the position.
The cuts represent roughly 6% of its institutional securities unit - which includes sales, trading and investment banking, sources say.
Financial services company Morgan Stanley's Asia chief Stephen Roach is more bullish on Indian economy than China.
The ongoing consolidation in equities would improve return prospects during the second half of 2021, an American brokerage said on Tuesday. Leading indicators relating to fundamentals including growth, stability, government policy and RBI policy, and corporate earnings are "generally positive" about equity returns, analysts at Morgan Stanley said. It can be noted that since the start of the second wave of COVID-19 infections, which also coincided with inflation worries in the US, there has been an uneasiness within investors. From its levels on March 10, the markets are down by nearly 3 per cent despite the late surge over the last two trading sessions.
The balance was so perfect in that moment, the irony so rich. Those who cheered on Elia Kazan were cheering on the one quality that made him such a singular artist: He was his own man and not susceptible to groupthink. Those who protested Kazan's presence were protesting that very quality: They were saying that he was too much of an outlier, a wolf in a radical's clothing. Sreehari Nair captures his Kodak moment at the Oscars.
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.
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.
Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.
The deal underscores a growing trend of consolidation in Asia's wealth management industry.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, got subscribed 2.37 times on the third day of the bidding on Thursday, helped by institutional buyers. This is the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. The Rs 27,870 crore initial share sale got bids for 23,63,26,937 shares against 9,97,69,810 shares on offer, translating into 2.37 times subscription, as per NSE data.
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.
Devotees attending the Maha Kumbh in Prayagraj are facing transportation challenges, with many forced to walk long distances in search of transport. Thousands of pilgrims returning from the event are stranded at Varanasi Cantt and Banaras railway stations, with some missing their trains due to the rush and others stuck because of cancellations. Officials say the traffic situation in the district has returned to normal, but some pilgrims report difficulties in finding transport and reaching their destinations.
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.
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.
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'.
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.
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.
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.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, received an 18 per cent subscription on the first day of bidding on Tuesday. The Rs 27,870 crore initial share sale received bids for 1,77,89,457 shares against 9,97,69,810 shares on offer, as per NSE data. The IPO received over 9 lakh applications on the first day.
Morgan Stanley Real Estate, the realty arm of global financial services firm Morgan Stanley, on Wednesday said it plans to invest $1 billion (Rs 4,600 crore) in next 4-5 years in India.
Wants to jointly develop the office space at Bandra-Kulra Complex.
From the outcome of the general elections and then Union Budget to tepid corporate earnings in the September 2024 quarter (Q2-FY25), sticky inflation and Reserve Bank of India's stance on interest rates, extreme weather conditions, Indian stock markets have braved it all in calendar year 2024.
Three global investment firms -- Morgan Stanley, Deutsche Bank and Goldman Sachs -- have picked up a total of 10 per cent stake in city-based software firm Core Projects and Technologies Ltd at a combined investment of Rs 39.76 crore (Rs 397.6 mn).
Morgan Stanley says favourable factors will push Sensex to 32,500 level by December.
Morgan Stanley said two of three RIL's core divisions face near-term headwinds.
Wage hikes and rupee depreciation may affect the business.
Reliance Industries' (RIL's) oil-to-chemicals (O2C) business is likely to remain under pressure for the remaining of the current financial year, according to analysts and company executives. "Management guides for softness for the next couple of quarters in both retail and O2C businesses," analysts at BOB Capital Markets noted in an after-results report on RIL. For the July-September quarter (Q2) of 2024-25 (FY25), RIL's O2C business reported a 5.1 per cent year-on-year increase in revenue to Rs 1.55 trillion.
One of the best ways to celebrate Children's Day is by spending quality time with your kids and binge watch meaningful yet entertaining cinema pieces.
Scripts written by the late director have been unearthed, and filming on them will begin soon.
India's most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate surging as much as 4.44 per cent to hit an intraday high of Rs 1,325.1. It settled at Rs 1,301.3 apiece, up 2.57 per cent.
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.
India Investment Banking chairman V K Bansal spoke to Abhineet Kumar on various issues related to equity capital markets
The report said in the recent months policy makers as well as the private sector have made some efforts to improve productivity.
Sounding bullish on the stock markets, it pegged the Sensex target at 23,000 by December.
