Indian brokerage arm of global investment banker Morgan Stanley has sought RBI's approval to start proprietary trading under which it will be able to buy and sell securities on its own account.
This is the sixth consecutive markdown in the valuation of Flipkart by the US firm.
Ronald Perelman, on the advice of Morgan Stanley, said he sold his stake in Coleman Inc. to appliance firm Sunbeam, which later became engulfed in an accounting scandal, thereby driving down the value of his stock.
Morgan Stanley plans high-level management changes, which includes finance chief Colm Kelleher and veteran banker Paul Taubman taking charge of the company's institutional securities unit.
The move indicates that Morgan Stanley would keep a watch on its risk-taking ability a year after the global financial meltdown.
India is facing a challenging situation, where growth rate has slowed down significantly, yet inflation levels remain high. Early revision of policy rates would raise the risk of renewed currency depreciation pressures.
ICICI Prudential Asset Management Company has set a price band of Rs 2,061- Rs 2,165 per share for its Rs 10,600-crore initial public offering (IPO) that will open on Friday. At the upper end of the band, the country's largest asset manager will command a valuation of Rs 1.07 trillion.
Morgan Stanley attributes the strength in the domestic rally to local flows.
American brokerage Morgan Stanley on Thursday slashed its Sensex target for the next 12 months to 18,200, citing weakening macro fundamentals of the economy.
India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US.
Analysts have sharply reduced cigarette maker ITC's earning estimates for the next two years, fearing a significant dent in the company's profitability and margins. This is owing to a steep hike in excise duty on tobacco by the government.
Morgan Stanley has big plans to invest in India's real estate.
Mahindra & Mahindra (M&M) on Thursday said it has sold 3.53 per cent stake in RBL Bank for Rs 678 crore, representing a 62.5 per cent gain on the investment. On July 26, 2023, the Mumbai-based diversified firm had announced the acquisition of a 3.53 per cent stake in RBL Bank as a treasury investment at a cost of Rs 417 crore.
As the lead underwriter responsible for Facebook's IPO, Morgan Stanley, would receive the largest chunk of those profits arising from stabilising Facebook's stock price, the report said citing a person familiar with the matter.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
Very gradual fiscal consolidation glide path with looser-than-expected fiscal policy; good quality spending mix and reasonable assumption on fiscal math; and focus on privatisation, asset monetisation and long-term funding for infrastructure investments, according to Morgan Stanley, are the three key themes from the Budget 2021.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
On the day of Facebook's market debut, trading glitches by the Nasdaq postponed the start of trading in the company by 30 minutes.
Financial services company Morgan Stanley's Asia chief Stephen Roach is more bullish on Indian economy than China.
Morgan Stanley says the Indian market's performance would depend on policy action.
The risk-reward for the Indian markets, Morgan Stanley said, is turning favourable.
By financial year 2024-25, Morgan Stanley expects per capita income to rise 125 per cent to $3,650.
Domestic and external environment still remain "challenging".
The cuts represent roughly 6% of its institutional securities unit - which includes sales, trading and investment banking, sources say.
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.
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.
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.
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.
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).
The initial public offering of LG Electronics India Ltd received 54.02 times subscription on the final day of bidding on Thursday, driven by overwhelming participation from institutional buyers.
It has also reduced its year-end target for the BSE benchmark Sensex by 15 per cent to 18,850.
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.
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 deal underscores a growing trend of consolidation in Asia's wealth management industry.
The Sensex is down by nearly 22 per cent from an all-time high of 21,206.77 points scaled on January 10, 2008.
