Mumbai, April 9 (IANS) Global brokerage firm Morgan Stanley on Thursday said that Indian markets are poised for a strong rally with Sensex likely to touch 95,000 level by December 2026.In its latest India Equity Strategy Playbook report, the brokerage firm said that the current combination of depressed valuations, improving earnings momentum and cautious investor positioning reflects conditions typically seen near the end of market downturns.In the base case, the headline index Sensex is expecte…
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New Delhi, April 7 (IANS) Global geopolitical tensions are beginning to weigh on India’s economic outlook, but the country is still expected to maintain steady growth as GDP growth expected at 6.2 per cent for FY2027, a report said on Tuesday.The data compiled by Morgan Stanley projected India’s growth, even as rising energy costs, supply disruptions, and external pressures pose fresh challenges.However, it is lower than earlier estimates of 6.5 per cent, the report stated. The downgrade ref…
New York, March 31 (IANS) A broker for US Defence Secretary Pete Hegseth explored a multimillion-dollar investment in defence stocks just weeks before a US-Israel strike on Iran.The broker at Morgan Stanley approached BlackRock in February about allocating funds into a defence-focused ETF tied to contractors like Lockheed Martin and Northrop Grumman. Such companies typically benefit from rising military spending amid geopolitical tensions and military activity, Xinhua news agency reported quotin…
New Delhi, March 19 (IANS) Indian households are sitting on an enormous reserve of gold, and that wealth is now quietly reshaping the country’s lending market, a report has said.According to a report by Morgan Stanley, Indian households collectively own more than 34,000 tonnes of gold.Kotak Mahindra Bank estimates this stockpile to be worth nearly $5 trillion. While most of this gold — around 90 per cent — still lies idle, it is increasingly being used as collateral to raise quick loans.Gold…
New Delhi, March 14 (IANS) US tech giant Meta Platforms is reportedly considering another large round of layoffs as it seeks greater operational efficiency with more spending on artificial intelligence (AI) infrastructure.A Reuters report, citing people familiar with the matter, said that internal discussions have considered cuts of up to 20 per cent or more of Meta’s workforce, or 16,000 employees based on the company’s headcount of nearly 79,000 at the end of December.While Meta’s spokespe…
New Delhi, March 9 (IANS) IT major Tech Mahindra on Monday denied social media rumours that it plans a large‑scale job cut, saying no such proposal is under consideration.”The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount,” the company said in an exchange filing.”In view of the above speculation, the company on its own accord considers it necessary to clarify to the Stock Exchanges that no such pr…
New Delhi, March 5 (IANS) US-based investment banker Morgan Stanley has reportedly laid off about 2,500 employees, or roughly 3 per cent of its global workforce, starting in early March, reports have said.The job cuts are not linked to artificial intelligence-related reforms but stem from shifting business priorities, a revised global location strategy and performance reviews of employees, according to a Wall Street Journal report, citing sources.The reported layoffs span across the bank’s thr…
Mumbai, March 4 (IANS) Indian stock markets may look weak on the surface, but the current phase offers a strong buying opportunity for long-term investors, a report said on Wednesday.The global brokerage Morgan Stanley believed that structural fundamentals of the Indian economy remain intact and earnings growth is set to improve further in 2026, even as markets struggle with near-term volatility.The report said Indian equities are reacting more sharply to negative news than to positive developme…
Mumbai, March 3 (IANS) Jio Platforms Limited on Tuesday announced the appointment of Dan Bailey as its new President, as the company prepares to expand its business beyond India.He will lead the company’s international business initiatives and will be based in London.Dan Bailey will report to Akash Ambani, Chairman of Reliance Jio Infocomm Limited. He will also join the Executive Committee of Jio Platforms and contribute to the company’s broader strategy.Bailey brings more than 35 years of e…
New Delhi, March 3 (IANS) Crude oil traded about 1 per cent higher on on Tuesday, showing signs of a temporary steading following over 10 per cent surge in previous session amid escalating conflict in West Asia and concerns about supply through the Strait of Hormuz.The US crude futures rose 1.4 per cent to $72.23. Brent crude gained 1.87 per cent to trade at $79.2 per barrel in early session on Tuesday.Iran’s retaliatory strikes on oil and gas facilities have heightened fears of supply disruptio…