morgan stanley


Credit Suisse says Global Markets revenue slowed since February

Mar 22 2018

Revenues in Credit Suisse’s Global Markets trading division have fallen since mid-February, CEO Tidjane Thiam said, helping spur a drop in the Swiss bank’s shares.

Spotify CEO eligible to sell up to $2 bn stake in public listing

Mar 21 2018

Daniel Ek, the CEO of Spotify, is eligible to sell up to 15.8 mn shares of the company worth up to $2 billion in its direct listing, the company disclosed in a filing.

'China startup Nio hires eight banks for up to $2 billion US IPO'

Feb 28 2018

China’s Nio has hired 8 banks including Morgan Stanley and Goldman Sachs to work on a planned US stock market listing this year worth up to $2 billion.

BASF expects profit gain on specialty chemicals rebound

Feb 27 2018

BASF was aiming for a gain of up to 10% in group operating profit this year as it bets on a rebound in specialty chemicals to offset an expected weaker performance.

BSE Sensex extends rally; Nifty reclaims 10,600 level

Feb 27 2018

BSE Sensex gained over 132 points to 34,578.39 in early trade today, rising for the third straight session today on buying by DIIs amid strong global cues.

CPI inflation to trend higher; chances of rate hike rising

Feb 26 2018

Inflation is expected to trend higher and though RBI may keep policy rates on hold in 2018-19, there are also increasing chances of a rate hike, says a UBS report.

India's Dec qtr GDP growth likely to be 7%: Report

Feb 26 2018

India's economic recovery is expected to have gathered momentum and GDP growth for the Dec quarter is likely to have accelerated to 7%, says a report.

RBI MPC's next move likely to be rate hike: Morgan Stanley

Feb 25 2018

Monetary Policy Committee's next move will likely be a rate hike but this will not be taken up immediately as a recovery is still at nascent stage, says Morgan Stanley.

'PNB will need to own responsibility for 'bonafide transactions''

Feb 19 2018

PNB, will need to honour the “bonafide” transactions that have occurred through the bank’s platform, a finance ministry official said.

'Reserve Bank to maintain status quo through first half of this year'

Feb 18 2018

The Reserve Bank is expected to be in wait-and-watch mode in the near term, and is likely to maintain status quo, through the first half of this year, says a report.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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