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…
Latest Morgan Stanley News & Updates
New Delhi, March 2 (IANS) A Morgan Stanley report on Monday said it expects the growth impulse to remain strong in India, and see upside to its growth forecast of 6.5 per cent for FY27, driven by continued tailwinds for both domestic and external demand.In a note, the global brokerage said it remains constructive on India’s growth outlook for FY27.“The incoming high-frequency indicators remain resilient, indicating an improving domestic demand momentum. We continue to expect policy to remain…
New Delhi, Feb 28 (IANS) Fears that artificial intelligence could lead to massive job losses may be exaggerated, according to Amazon CEO Andy Jassy.Speaking in a media interview, Jassy said AI is more likely to reshape the nature of work rather than completely eliminate employment opportunities.Jassy acknowledged that many roles which have relied heavily on human labour for the past two to three decades may require fewer people in the future. However, he stressed that this does not mean jobs wil…
New Delhi, Feb 28 (IANS) Fears that artificial intelligence will wipe out millions of jobs have unsettled workers and investors alike, but a new research note from Morgan Stanley suggests the long-term impact may be less severe than many expect.According to the report, while some roles will be automated, most workers are unlikely to be permanently left behind. Instead, many are expected to shift into new types of jobs, including roles that do not yet exist. The bank said artificial intelligence …
New Delhi, Feb 6 (IANS) The RBI’s prudent monetary framework will reinforce market confidence, boost manufacturing and trade activities, and enhance India’s global competitiveness, leading industry chamber Assocham said on Friday.The RBI’s decision to maintain a stable policy stance and adopt calibrated measures will strengthen economic growth, consumer demand, producers’ sentiment, and exporters’ competitiveness. “The Monetary Policy Committee’s move to keep the repo rate unchange…
New Delhi, Feb 6 (IANS) India’s growth cycle is set to accelerate backed by reflation effort of the RBI and the government via rate cuts, bank deregulation and liquidity infusion, continuing capex, tax cuts and relatively stimulating budget, a Morgan Stanley report said on Friday.Thus, India’s hawkish macro set up post-Covid is now unwinding. The trade deals and thawing of relations with China add to the mix, the report mentioned.“Indian stocks enjoy a rare combination of inexpensive relat…
Mumbai, Feb 5 (IANS) Shares of Adani Energy Solutions Ltd (AESL) rose as much as 2.5 per cent to Rs 1,013 apiece on Thursday despite weakness in broader markets after Morgan Stanley initiated coverage on the stock.The foreign brokerage gave an ‘overweight’ rating with a price target of Rs 1,133 — implying 16 per cent upside from yesterday’s closing price.The brokerage views AESL as a key beneficiary of India’s long-term power grid expansion, highlighting over Rs 10 trillion of expected …
New Delhi, Feb 2 (IANS) A likely boost to capex, services sector growth and AI in the Union Budget, along with slightly slower than expected fiscal consolidation, will likely support FY27 earnings, further helped by increased demand for equities through buybacks, Morgan Stanley has said.The Budget balances debt-to-GDP reduction with slow fiscal consolidation and support for growth through both cyclical and structural measures.“We remain constructive on Indian equities – Overweight Financials…
Washington, Jan 31 (IANS) Investors on Friday pressed American Express executives on slowing net card additions, rising growth costs, and signs of middle-market softness, even as the payments company defended its push into premium cardholders and heavy investment.The questions came after the company reported record results for 2025 and forecast another year of near-double-digit growth, but analysts on the fourth-quarter earnings call probed whether the strategy is becoming more expensive to sust…
New Delhi, Jan 16 (IANS) The central government’s fiscal deficit is expected to be set at 4.2 per cent of GDP for FY27 in the upcoming Union Budget (against the target of 4.4 per cent in FY26) — corresponding to moderation in debt to 55.1 per cent of GDP, a Morgan Stanley report said on Friday.The pace of consolidation will be consistent with central government debt reduction to 55.1 per cent of GDP from 56.1 per cent in FY26.“A pickup in nominal growth will help to lift tax buoyancy and imp…