Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
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.
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.
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'.
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
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.
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.
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.
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.
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.
Merrill Lynch jumps to first from 7th last year in a smaller market; says its focus is larger deals and clients.
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, 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.
Better supply management and check on hoarding should be able to prevent food price spikes
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
DSPMCF is a little different as compared to the other small cap funds launched so far
UBS Wealth Management Americas, Bank of America's Merrill Lynch and Morgan Stanley all employ several retired Olympic athletes.
Saurabh Agrawal, managing director and head, investment banking, has reason to feel pleased with his team at DSP Merrill Lynch -- his firm tops the M&A league table and should secure itself a reasonably good ranking in the debt and equity fund-raising sweepstakes by the time the year draws to a close.
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.
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
According to a research note by Bank of America Merrill Lynch, while foreign institutional investors' holding in Sensex has gone up to the highest level in last eight years, while LIC and domestic MFs were net sellers.
Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Mumbai-based Axis Bank completed acquisition of Citigroup's consumer business for Rs 11,603 crore. Under the deal, Axis acquired consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans.
Despite all the negative news, markets may not see a major correction or appreciation from the current levels.
According to the report, the December inflation will likely continue to peak off to 7.3 per cent.
'Just keep investing a steady amount every month irrespective of what the media says about the direction of the market,' advises Jyotivardhan Jaipuria, Managing Director, DSP Merrill Lynch, India.
DSP Merrill Lynch aims to raise Rs 700-750 crore (Rs 7-7.50 billion) from its three new schemes, which will open on Tuesday.
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.
Global fund managers are investing in China and other emerging markets rather than in Europe or Japan to cash in on the improving global economic sentiment, a Merrill Lynch survey said.
With a market share of 16.6 per cent in mergers and acquisitions and 14.2 per cent in fund raising through the equity route, the investment banking arm of the German financial behemoth has become the numero uno investment bank in the country.
Growing business opportunities fuelled by a robust economy and an increasing number of private equity investors are prompting investment bankers to quit their jobs and turn entrepreneurs.
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