Tuesday, 24 May, 2022
TopicMorgan Stanley

Topic: Morgan Stanley

Morgan Stanley’s former mergers & acquisitions head in India, S. Sundareswaran, rejoins firm

Sundareswaran will be heading Morgan Stanley’s M&A business in the country and will also be leading financial sponsors coverage, people familiar with the matter have said.

Software firm Freshworks shares jump 32% after $1 billion IPO

The firm, which was founded in India & moved to Silicon Valley, boosted revenue about 40% last year after pandemic forced businesses to go digital. Its sales continue to grow in 2021.

Aisha de Sequeira — ‘daughter of Goa’ & Morgan Stanley India co-head who idolised Steve Jobs

One of India’s most powerful women in business, de Sequeira, who died of cancer Thursday, led various key deals such as Facebook and Google’s investments into Jio Platforms.

Morgan Stanley veteran, top India dealmaker Aisha de Sequeira dies at 51

Sequeira, who spent more than 25 years at the US firm, was a senior M&A banker and took on the role of co-head of India in 2013.

‘Keep the faith, trust the recovery’, Morgan Stanley says in its outlook for 2021

In an outlook for 2021, Morgan Stanley recommended investors overweight equities and corporate bonds against cash & government debt, and sell the US dollar.

Global economy is set for a V-shape recovery, Morgan Stanley economists say

Predicting a ‘sharp but short’ recession, Morgan Stanley economists said they expect global GDP growth will recover to 3% by the first quarter of 2021.

Morgan Stanley sees hope for Indian banks after SC cleared Essar Steel purchase

SC ruling allowing ArcelorMittal’s purchase of Essar Steel puts banks in better position to get money back from insolvent companies, Morgan Stanley says.

Vodafone Idea picks banks to sell its fibre assets and boost finances

A deal, if successful, would help Vodafone Idea add to the funds it’s been raising to pare debt and fend off rivals Airtel and Jio.

HDFC picks Bank of America, Morgan Stanley to manage IPO of its non-bank finance unit

HDFC plans to sell the shares in HDB Financial Services Ltd. and raise about Rs 100 billion, generating funds that will help it expand lending amid a crunch faced by shadow banks.

Europe’s biggest fund manager favours India

Emerging markets like India and Chile fare better than Turkey. 

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World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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