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.
Eoin Morgan has kept his place in the England squad for the first Test against Pakistan at Trent Bridge starting on Thursday, edging out Ravi Bopara despite his back-to-back centuries in a recent game with Yorkshire.
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 move indicates that Morgan Stanley would keep a watch on its risk-taking ability a year after the global financial meltdown.
Alastair Cook has been dropped from the England squad for next year's 50-over World Cup in Australia and New Zealand with Eoin Morgan taking over as captain, the England and Wales Cricket Board (ECB) confirmed on Saturday.
Reliance Industries' (RIL's) consumer business is expected to lead earnings growth in the Q3FY24 performance, according to analysts. While the energy business is expected to show sequential weakness, the consumer business, especially retail, is estimated to show strong growth. The oil-to-telecom conglomerate will announce its Q3FY24 financial results on Friday.
Even if oil prices were to fall, it would have no real impact on the Indian consumer
India's long tour of England ended on a heartbreaking note as England held their nerve to pull off a thrilling three-run victory in the only Twenty20 International.
A fluent unbroken third-wicket partnership of 114 between Jos Buttler and Eoin Morgan carried England to an emphatic eight-wicket victory over Sri Lanka in a one-off Twenty20 international on Tuesday.
AQuity Solutions is a leading tech-enabled clinical documentation, medical coding and revenue integrity solutions provider in the healthcare domain. On the other hand, IKS Health provides administrative, clinical and operational services to clinicians.
After an extremely stable 2023, the Indian rupee started 2024 on a promising note and has turned out to be the best-performing Asian currency so far in January, appreciating 0.1 per cent despite 2 per cent rise in the dollar index. All other Asian currencies depreciated by around 1.4-4 per cent during the month. The local currency regained its ground against the greenback on the back of foreign portfolio inflows, said market participants.
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.
Eoin Morgan struck a quickfire 49 off 27 balls as England overpowered India by six wickets in the one-off Twenty20 international in Manchester on Wednesday.
US authorities are investigating J P Morgan's hiring practices in China as part of a wider bribery probe
On the day of Facebook's market debut, trading glitches by the Nasdaq postponed the start of trading in the company by 30 minutes.
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.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
YouTuber Prajakta Koli announced her engagement to boyfriend Vrishank Khanal.
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.
In a brief letter to his colleagues and shareholders, Dimon disclosed that the cancer was detected quickly and is confined to the original site and adjacent lymph nodes on the right side of his neck with no evidence of cancer elsewhere in his body.
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.
rediffGURU Ashwini Dasgupta offers advice on what you can do to grow in your career and shine at the workplace.
However, the second quarter of FY24 is expected to be muted, and, with that, the hope of double-digit growth is now being pushed to FY25. However, analysts are expecting the momentum in the closure of record total contract values (TCVs) will continue, as has been the case over the last two quarters.
Domestic and external environment still remain "challenging".
A look at the records set during India's innings against the Netherlands in the ICC World Cup match in Bengaluru on Sunday.
The cuts represent roughly 6% of its institutional securities unit - which includes sales, trading and investment banking, sources say.
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.
Wipro was the biggest loser among Sensex firms, sliding 2.32 per cent, followed by HDFC Bank, Power Grid, UltraTech Cement, ITC, ICICI Bank and Tata Motors. IndusInd Bank, Maruti, State Bank of India, Mahindra & Mahindra, Asian Paints and Bajaj Finserv were among the gainers.
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.
In a remarkable comeback, foreign portfolio investors (FPIs) have pumped Rs 1.7 lakh crore into the Indian equity markets in 2023, propelled by confidence in the country's robust economic fundamentals amid a challenging global landscape. The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust.
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.
Actively managed debt funds with the flexibility to go long on duration made a strong comeback on the returns chart in 2023, thanks to softening bond yields. The average one-year returns of floater, long-duration, gilt, and dynamic bond funds, which ranged between 2.3 per cent and 4.5 per cent at the end of 2022, now stand at over 7.2 per cent, with some schemes delivering over 8.5 per cent, according to data from Value Research. Debt fund returns are inversely related to yields of underlying investments, meaning a decline in yields is positive for funds.
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.
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.
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