New Delhi, June 19 (IANS) A cautious outlook from consulting firm Accenture has led to heightened selling in India’s information technology (IT) shares, and many mid-cap IT stocks have dipped further than 55 per cent correction seen in shares of Tata Consultancy Services.Tata Consultancy Services has tumbled nearly 55 per cent from its record high of Rs 4,592, while Wipro decreased 52 per cent, LTIMindtree declined 50 per cent and Infosys dipped 48 per cent from their respective peaks, a report …
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Ahmedabad, June 10 (IANS) In a significant achievement for an Indian company, Adani Solar has been ranked sixth in the energy research and consultancy firm Wood Mackenzie’s ‘Global Solar Photovoltaic (PV) Module Manufacturer Rankings 2026’, it was announced on Wednesday.Wood Mackenzie assigned Adani Solar a ‘Grade A’ classification, citing its performance across manufacturing, technology, financial health, supply chain resilience and operational metrics.This makes the Adani Group company hig…
New Delhi, June 9 (IANS) Global liquefied natural gas (LNG) prices are expected to climb to their highest levels in more than three years, driven by rising demand in Asia and the need for Europe to replenish depleted inventories ahead of winter, according to a report.A report by Morgan Stanley forecasted the Asian LNG benchmark price to rise to $25 per million British thermal units (mmBtu) during the third and fourth quarters of the year, an increase of more than 30 per cent from current forward…
New Delhi, June 2 (IANS) Indian equities are poised for a strong growth phase over the coming years despite recent underperformance against emerging markets, according to a report by Morgan Stanley, which said improving earnings growth, rising investments and supportive macroeconomic conditions continue to strengthen the long-term outlook for the domestic stock market.In a strategy note, Morgan Stanley analysts Ridham Desai and Nayant Parekh said Indian equities have delivered their weakest trai…
New York/New Delhi, May 29 (IANS) After a successful Canada visit to bolster trade ties, Commerce and Industry Minister Piyush Goyal met top business and industry leaders in the US, discussing avenues for deeper collaboration to further boost the investment landscape in India.The minister met Miebach Michael, CEO of Mastercard, and discussed deepening collaboration in digital commerce, digital security, and next-generation payment solutions.”Conversations centred around India’s growing digital…
New Delhi, May 20 (IANS) Global crude oil prices fell nearly 1 per cent for a second consecutive session on Wednesday after US President Donald Trump reiterated that the conflict with Iran could end “very quickly”, raising hopes of a possible diplomatic breakthrough.International benchmark Brent crude futures slipped 0.9 per cent or nearly $1 to $110.28 per barrel, while US West Texas Intermediate (WTI) crude futures declined about 1 per cent or $1.03 to $103.12 per barrel.Moreover, both benchma…
New Delhi, May 13 (IANS) Leading global brokerage Morgan Stanley has projected India’s GDP growth to be healthy at 6.8 per cent for 2026, supported by strong domestic demand, government-led capital expenditure and improving industrial activity across Asia.Moreover, the brokerage in its latest outlook noted that the nation is likely to benefit from Asia’s emerging industrial and capital expenditure super-cycle, with domestic demand momentum remaining resilient despite global macroeconomic and…
New Delhi, May 13 (IANS) Indian equities are set for a strong year ahead due to acceleration in earnings growth and reflationary policies of the RBI, along with policy moves such as rate cuts, bank deregulation and liquidity infusion, a report said on Wednesday.The report from Morgan Stanley said strong capital expenditure in energy, defence, semiconductors, fertilisers and data centres along with large tax cuts are other factors likely to drive an earnings upswing.The investment bank forecasted…
New Delhi, May 13 (IANS) Morgan Stanley economists said on Wednesday they forecast India’s real GDP growth at 6.7 per cent in FY27 and 7 per cent for FY28 amid geo-political tensions, adding that the RBI policy measures would likely remain supportive to minimise damage to growth.The West Asia energy shock is most pronounced in quarter ending June 2026, when growth troughs at 6.5 per cent YoY amid elevated commodity prices and lingering supply chain frictions. “Thereafter, as supply-side cons…
New Delhi, May 10 (IANS) India now ranks third globally on installed renewable energy capacity and the effectiveness of the renewable transition in improving macro resilience will depend on the success of industrial policy in localising upstream segments like solar cells over time, according to a new report.Renewable energy is the central pillar of India’s medium-term strategy to structurally reduce external energy dependence, according to a Morgan Stanley report. Domestic module manufacturing…