In a significant development that could pull in foreign funds into India’s debt market, JPMorgan Chase & Co last week announced it will add Indian government bonds to its benchmark emerging-market index starting June 28 in 2024.
KKR’s follow-on investment will translate into an additional equity stake of 0.25 per cent in RRVL on a fully diluted basis. This, combined with its stake from its investment of Rs 5,550 crore in RRVL in 2020, will take its total equity stake in RRVL to 1.42 per cent on a fully diluted basis
In a bullish outlook for Indian stock markets, Morgan Stanley has said it expects the key indices to rise 10 per cent by the time the country votes in next General elections in the summer of 2024.
Morgan Stanley has upwardly revised their economic growth forecast for India for fiscal year 2024 after April-June quarter data showed it grew at its quickest pace in a year.
Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI's 6 per cent upper tolerance target, largely due to a sharp spurt in vegetable, fruit, and pulses prices.
Mumbai (Maharashtra) [India]/ London [UK]/ Columbia (South Carolina) [US], August 9: STL [NSE: STLTECH], a leading optical and digital solutions company, today announced that it has significantly improved ESG metrics being tracked by global investment research firm Morgan Stanley Capital In
In its previous meeting in early June, the central bank’s monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most analysts had expected. The RBI in its April meeting too had paused the repo rate.
"At Rs999 per phone, it is quite a competitive pricing for an entry-level feature phone that could support online music and video streaming (Jio Saavn, Jio Cinema)...," said the Morgan Stanley report.
"India's economy has grown at a tremendous level. India has joined the top 5 economies of the world. According to Morgan Stanley report, India will be counted among the top 3 economies of the world by 2027," Rajnath Singh said.
Morgan Stanley expects India's benchmark stock index Sensex, in base case scenario, to be around 68,500 by the end of 2023, implying a 10 per cent increase from its present levels.
Morgan Stanley on Monday said India's GDP growth to track above 6 per cent in the next two financial years, supported by strength in domestic demand. It pegged growth for 2023-24 and 2024-25 at 6.2 per cent and 6.5 per cent, respectively.
Speaking on Morgan Stanley's 'Transformation' Report on India, Minister Chandrasekhar said, "...He (PM Modi) has brought India from the depths of 2014, from being the 11th or 12th largest economy in the world to the 5th largest economy. We are now aspiring to be the 3rd largest economy. F