Page 11 - Morgan Stanley
After 3 yrs of challenges, auto sector may see double-digit growth in FY23
Industry insiders, analysts say SUVs to lead the charge among cars, two-wheelers to make strong comeback
 "After 3 yrs of challenges, auto sector may see double-digit growth in FY23")
Reliance Industries in focus as benchmark refining margin inches up
Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008
 "Reliance Industries in focus as benchmark refining margin inches up")
Elon Musk's Twitter bankers face potential hit on the riskiest debt
The lenders forged a deal based on a maximum interest rate of 11.75 per cent for the $3 billion unsecured portion of the financing package
 "Elon Musk's Twitter bankers face potential hit on the riskiest debt")
Byju's in talks with lenders for $1 billion to fund acquisition plans
The Bangalore-based market leader is in talks with banks, including Morgan Stanley and JPMorgan Chase & Co., for the funding to acquire another edtech company, people familiar with the matter said
 "Byju's in talks with lenders for $1 billion to fund acquisition plans")
Asian, EMs entering the late stages of a bear market: Morgan Stanley
Over the next 12 months, Morgan Stanley forecasts range-bound markets for equities, credit, yields, and the US dollar
 "Asian, EMs entering the late stages of a bear market: Morgan Stanley")
Morgan Stanley cuts India's FY23 growth forecast to 7.6%
The Reserve Bank of India (RBI) has revised downwards its growth projection for FY23 to 7.2 per cent from 7.8 per cent earlier
 "Morgan Stanley cuts India's FY23 growth forecast to 7.6%")
Top headlines: MS cuts India GDP forecasts; Novelis to invest $2.5 bn in US
Business Standard brings you the top news of the evening
 "Top headlines: MS cuts India GDP forecasts; Novelis to invest $2.5 bn in US")
Morgan Stanley cuts India's growth forecasts on inflation, global slowdown
Gross domestic product growth will be 7.6% for FY23 and 6.7% for FY24, 30 basis points lower than the previous estimates, the brokerage said in a note
 "Morgan Stanley cuts India's growth forecasts on inflation, global slowdown")
Reliance to clock $20 bn in EBITDA by 2022-end, says Morgan Stanley
High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday
 "Reliance to clock $20 bn in EBITDA by 2022-end, says Morgan Stanley")
Reliance likely to clock $20 bn EBITDA by end 2022: Morgan Stanley
A refining golden age, tightening global gas markets and improving telecom subscriber quality point to a USD 20 billion-plus EBITDA run rate for Reliance Industries Ltd by end-2022, Morgan Stanley
 "Reliance likely to clock $20 bn EBITDA by end 2022: Morgan Stanley")
Cash shifts pull rug under global equity markets, say strategists
World stocks recorded their worst quarter this year since the coronavirus pandemic unleashed havoc in March 2020, while US stocks are down nearly 12% from its peak earlier this year
 "Cash shifts pull rug under global equity markets, say strategists")
Elon Musk tweets cryptic phrase days after Twitter takeover offer
The offer from Musk, who has hinted at the possibility of a hostile bid, has prompted the social media company to adopt a 'poison pill' to protect itself
Profits of four big banks decline as deal-making, mortgages slacken
The results from Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo were similar to the results out of JPMorgan Chase, which on Wednesday reported a double-digit decline in profits
 "Profits of four big banks decline as deal-making, mortgages slacken")
Nasdaq, S&P 500 fall as growth shares lose steam, mixed Q1 results by banks
Twitter rises on Elon Musk's $41-bn buyout offer'; Morgan Stanley, Citi rise after results; Wells Fargo slips after quarterly profit drops
 "Nasdaq, S&P 500 fall as growth shares lose steam, mixed Q1 results by banks")
Morgan Stanley beats estimates on stronger-than-expected trading, M&A in Q1
Morgan Stanley earned $258 mn in revenue from its equity underwriting business, down sharply from $1.5 bn a year ago, when it generated handsome fees from a spate of high-profile IPOs
 "Morgan Stanley beats estimates on stronger-than-expected trading, M&A in Q1")
Morgan Stanley expects RBI to raise rates by 125 bps cumulatively in FY23
This is against the backdrop of both domestic and global developments.
 "Morgan Stanley expects RBI to raise rates by 125 bps cumulatively in FY23")
Social e-com firm Meesho eyes $500-mn war chest; funds to be used for M&As
Mandates Morgan Stanley to find lead investor; funds to be used for M&As
 "Social e-com firm Meesho eyes $500-mn war chest; funds to be used for M&As")
Fuel prices will need to be raised by 15% to reflect int'l crude prices
Retail fuel prices have not been marked to market for a few months and should be increased by around 15% to reflect current international crude prices, Morgan Stanley said in a report.
 "Fuel prices will need to be raised by 15% to reflect int'l crude prices")
Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23
As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India's GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent
 "Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23")
Morgan Stanley cuts FY23 earnings forecast by 8%; lowers Dec Sensex target
In a bull-case scenario (30 per cent probability), Morgan Stanley expects the Sensex to hit 75,000 by December 2022-end and sees the 30-share index at 45,000 by the year-end in a bear case scenario
 "Morgan Stanley cuts FY23 earnings forecast by 8%; lowers Dec Sensex target")
