On Wednesday, Morgan Stanley indicated that the company's directors and key management personnel (KMP) will not sell shares during the buyback period. The global financial company said the buyback won't hamper any growth plans as it believes the company will generate excess cash after taking into account the investments required for growing the business.
Mumbai (Maharashtra)/ New Delhi [India], December 14 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Morgan Stanley India Capital Private Limited (Morgan Stanley), in relation to the sale of equity shares of Zomato Limited (Zomato) by Alipay Singapore Holdings Pte. Ltd (an Alibaba Group entity) on the screen based trading platform of the BSE and the NSE. This transaction comprised a sale of about 3 per cent stake in Zomato Limited. Morgan Stanley acted as the Broker to Alipay Singapore.
Morgan Stanley expects India's retail inflation to moderate to 5.4 per cent in 2023-24 and to 4.8 per cent in 2024-25 from 6.6 per cent in the current financial year 2022-23.
The four global trends -- demographics, digitalization, decarbonization and deglobalization are favouring what Morgan Stanley termed as New India. It said India would drive a fifth of global growth through the end of this decade.
New Delhi [India], October 14 (ANI): Wholesale inflation in India softened substantially in September led by a broad-based moderation in prices -- for both food and non-food items, said Morgan Stanley.
New Delhi [India], October 12 (ANI): India's rural sector has weathered the Covid-19 pandemic, and the demand in the sector is poised to rebound assisted by a wider reopening of the economy and improved labour market conditions, said global investment firm Morgan Stanley.
New Delhi [India], September 29 (ANI): The monetary policy tightening in the US and the subsequent strength in the dollar could continue to be a source of volatility for Indian equities in the coming months, due to their negative effect on earnings and balance of payments, said Morgan Stanley.
New Delhi [India], September 19 (ANI): Faced with sticky inflation and a continued hawkish stance by various central banks, the Reserve Bank of India is likely to raise repo rates by another 50 basis points with an unchanged policy stance when it meets for the next monetary review, global investment and financial services firm Morgan Stanley said.
Washington [US], June 22 (ANI): The resilience of the Chinese banking system has come under scrutiny in recent years as there are indications that Beijing wants more control over its economy.
New Delhi [India], May 11 (ANI): Global brokerage firm Morgan Stanley has lowered India's gross domestic product (GDP) growth forecast for the current financial year to 7.6 per cent citing high inflation and global slowdown.