Intel Corp. is working with funding bankers to assist navigate probably the most troublesome interval in its 56-year historical past, in line with folks conversant in the matter. The corporate is discussing numerous situations, together with a cut up of its product-design and manufacturing companies, in addition to which manufacturing unit initiatives would possibly probably … Read more
Vodafone Plc might be promoting 2.68 crore shares or 9.94 per cent stake of Indus Towers by way of block offers for a complete worth of ₹8,308-9,138.8 crore, in response to the time period sheet seen by businessline. The block deal might be carried out on June 19. The deal value is within the vary … Read more
Morgan Stanley India economists don’t count on RBI to ease coverage charges in 2024-2025. That is pushed by change within the US Fed price path and an enhancing home progress pattern, each warranting increased impartial actual charges. In a notice “Price cuts are actually off the desk”, Morgan Stanley India’s Chief Economist Upasana Chachra and … Read more
Portray a bullish image on the expansion momentum of the Indian economic system, overseas brokerage Morgan Stanley has raised the nation’s GDP progress forecast for FY’24-25 to six.8 per cent from 6.5 per cent estimated earlier. The upward revision comes within the wake of continued traction in industrial and capex exercise. For the present calendar … Read more
With reservoir ranges depleting and groundwater ranges plummeting, paddy farmers in Telangana face a tricky time this summer time. As they aren’t capable of water the paddy crop on the essential stage, they face the prospect of shedding 15-20 per cent of the output this season. Telangana, the largest paddy-growing state within the nation in … Read more
‘They’ve employed folks we’ve fired.’ That was Elon Musk taking a jibe at Apple a decade again quickly after its plans to enter the electrical automobile and autonomous driving area took form. He went even additional to name Apple a ‘Tesla Graveyard’, saying ‘if workers don’t make it at Tesla, you go to work at … Read more
The Securities and Trade Fee (SEC) on Friday charged funding banking main Morgan Stanley & Co. LLC and the previous head of its fairness syndicate desk, Pawan Passi, in a front-running case. In response to the US market regulator, the banking main and its worker had been concerned in a multi-year fraud by disclosing of … Read more
[ad_1] NEW DELHI – Morgan Stanley has reduced its forecast for India’s GDP growth the current financial year and the next, citing a slowdown in global growth, higher commodity prices, and potential risk aversion in global capital markets as key growth risks. “Against this backdrop, we lower our forecasts of India’s GDP growth to 7.6% … Read more