Morgan Stanley News

Subscribe to enjoy similar stories. NEW DELHI: Telecom operator Reliance Jio Infocomm is entering a transition phase, shifting from heavy network expansion to a focus on monetisation and cash flow generation. As its parent Jio Platforms prepares for a potential mid-2026 listing, analysts see the December quarter (Q3FY26) as a period of consolidation—marked by steady subscriber additions, incremental average revenue per user improvement, and the gradual rollout of paid 5G use cases, led by fixed wireless access (FWA).

Stock market recap: Frontline indices, the Sensex and the Nifty 50, declined for the third consecutive session on Wednesday, 7 January, amid mixed global cues. The Sensex dropped 102 points, or 0.12%, to end at 84,961.14, while the Nifty 50 settled at 26,140.75, down 38 points, or 0.14%. The mid and small-cap indices outperformed.

Following years of aggressive hoarding, Indian corporations are starting to dip into their cash reserves to fund dividend payouts and acquisitions, but not capital expenditure (capex).According to a Mint analysis of data from the Centre for Monitoring Indian Economy (CMIE), the pace of cash accumulation hit an eight-year low by September 2025.The analysis of CMIE data for a common sample of nearly 2,000 listed firms, excluding banking, financial services and insurance (BFSI) companies, showed that cash and bank balances rose just 1% year-on-year to about ₹5.4 trillion by September. The pace is a far cry from the pandemic period, when heightened uncertainty pushed median cash balances up by nearly 15% annually between September 2020 and September 2024.Companies are now sitting on a cash pile equivalent to nearly 5% of their total assets, up from 3.5% in September 2017 and 4% in September 2020, the analysis showed.

Subscribe to enjoy similar stories. Surging EchoStar stock could have more upside if SpaceX ends up going public in 2026 at anything close to the reported $1.5 trillion valuation that the Elon Musk-controlled satellite, rocket, and space company could seek. EchoStar has become the top SpaceX proxy in the public markets since EchoStar sold wireless spectrum to SpaceX in two separate transactions in September and November for a package of cash and SpaceX stock.

Subscribe to enjoy similar stories. ULANQAB, China—The U.S. invented the most powerful artificial-intelligence models and controls access to the most advanced computer chips, but China has an ace to play in the global AI contest.

Subscribe to enjoy similar stories. Indian markets have already turned around from the worst period of dollar returns in over two decades, and 2026 will be an “exciting year" for domestic stocks, according to Morgan Stanley managing director Ridham Desai. In 2025 so far, the Nifty 50 and Sensex have risen 10% and 9%, respectively, hitting record highs, Desai said while speaking at the Hindustan Times Leadership Summit 2025.

Why are bank stocks crashing globally even though Trump’s tariffs don’t target them?- If you've been keeping an eye on the stock market, you probably noticed a wild swing recently—especially in the banking sector. Billions of dollars have vanished from global banks, and the confusion is real. You might be asking: Wait, aren’t Trump’s tariffs aimed at goods? Why are banks bleeding? That’s the heart of the issue. While President Donald Trump’s new tariff walls—reportedly the toughest in a century—don’t hit banks directly, the ripple effects are enough to spook the financial world. And the selloff we’re seeing now? It’s not just a blip. It could be the early signs of something much bigger, potentially tipping the global economy toward a 2025 recession.

Donald Trump's most recent wave of tariffs is all set to rattle the economy. His trade war has just gotten personal for one of his closest allies. With new tariffs going into effect on "Liberation Day," Amazon founder Jeff Bezos might be among the most affected, and his retail empire could face a heavy financial blow. As economists warn about rising costs and economic downturns, the Amazon founder faces significant challenges.

Subscribe to enjoy similar stories. Elon Musk struck what could be considered the biggest deal of the year, and he broke all the normal rules. Musk’s splashy merger of the social-media company X and his artificial-intelligence startup xAI values the combined company at over $110 billion.

Global stocks were poised to endure another rocky session on Tuesday as concerns around President Donald Trump’s looming tariff rollout continued to whipsaw markets. Shares in Australia, Japan and South Korea opened higher while US equity-index futures dropped in early Asian trading. The S&P 500 climbed for the first time in four sessions, though US shares still notched their worst quarter compared to the rest of the world since 2009. As equities bounced, bonds moved away from session highs.

Shadowfax has converted itself to a public entity, according to regulatory filings with the corporate affairs ministry. It is a key step ahead of Shadowfax’s plan to file draft papers for its initial public offering (IPO), which could happen in the next three-four months according to people familiar with the matter. The company has appointed ICICI Securities, JM Financial and Morgan Stanley as the bankers for its public offering. “The company is proposing to undertake an initial public offer… comprising of fresh issuance of equity shares… and an offer for sale by certain existing shareholders of the company, and list the equity shares on one or more of the stock exchanges,” it said in the filing.

Morgan Stanley sold over 19.30 lakh shares in Kesoram Industries for Rs 81 lakh on Friday via block deal. The penny stock was sold at a price of Rs 4.20 per share which was at an 11% discount from Thursday's closing price of Rs 4.70. Shares of Kesoram Industries today ended at Rs 4.50 on the BSE, down by Rs 0.20 or 4.26% and a fresh 52-week-low.

Surguy has served as CIO for since 2018, with a spokesperson for the company confirming this is part of its ongoing strategic review «to align with our ambitious growth plans». 7IM's Ben Kumar: The debate around the passive pendulum swinging too far «We felt it was the right time to transition to a new investment leadership team,» the spokesperson said. «The strong team Martyn built will now lead our investment function into its next chapter.» Surguy joined 7IM from Credit Suisse where he was managing director for four years. Prior to which he was the CIO for EMEA at Morgan Stanley...

CoreWeave plans to reduce the size of its U.S. initial public offering and price the shares below range, a person familiar with the matter told Reuters on Thursday, as per a report. The Nvidia-backed cloud services provider is now looking to sell 37.5 million shares and price them below the range at $40 apiece, the source added, requesting anonymity discussing confidential information. The sale would fetch up to $1.5 billion, Reuters reported. The listing is being closely watched as a test for the fragile U.S. IPO market and a gauge of whether investor enthusiasm for AI newcomers remains strong or is waning. CoreWeave and some existing investors had initially aimed to sell 49 million shares in the offering priced between $47 and $55 each to raise as much as $2.7 billion. The company did not immediately respond to Reuters' request for comment.

A March CNBC Fed Survey put the probability of recession at 36%, up from 23% in January. J.P. Morgan’s chief economist put the odds at 40%.

Subscribe to enjoy similar stories. The notion of American economic exceptionalism hasn’t exactly panned out so far this year. The U.S.

Elon Musk’s X plans to buy back the last remaining piece of debt tied to the buyout of the social network that Wall Street banks have been stuck holding for years, according to a person with knowledge of the matter. The repurchase of the roughly $1.2 billion of second-lien debt may be financed in part by the company’s recent equity raise, said the person, who asked not to be identified discussing a private transaction. No final decision has been made, and the plans may change, the person added. The company’s debt repurchase will allow the group of seven banks, led by Morgan Stanley, to shed the riskiest portion of loans that has sat on their balance sheets since they backed the buyout of the platform, formerly known as Twitter Inc., for $44 billion in 2022, a transaction that included debt.

Subscribe to enjoy similar stories. Nvidia just unveiled new AI chips that will be several times as powerful as anything on the market today, and use considerably more electricity. By 2027, a server rack stacked with its top-of-the-line chips will use five times the power of today’s machines, Nvidia CEO Jensen Huang told a jam-packed audience at a California conference this week.

Indian IT sector is experiencing a slowdown, and experts predict a longer period of moderate growth. Challenges from the global economy and technological changes are increasing risks to revenue. This weaker growth is expected to have a limited impact on the overall economy. Analysts note that growth is uneven across different IT companies, influenced by individual company circumstances. “Change in tech cycle is likely to create a transition phase for tech services companies (like 2016/17), causing growth to moderate in short term. We are lowering our dollar revenue growth forecasts by 100-200 bps and expect growth of 4.5% in FY26 and 6% in FY27 for large-cap IT companies,” analysts at Morgan Stanley reported. Jeffries, an investment firm, downgraded the IT sector due to growing concerns about the US economy. They cited a weaker US growth outlook and a declining US dollar, which could reduce a previous advantage for Indian IT firms related to currency exchange. Morgan Stanley added that while IT stocks have already declined, their valuations compared to the broader Indian stock market remain near their five-year average. They see potential risks to current revenue predictions and the possibility of lower valuations in the future.

Subscribe to enjoy similar stories. US Republicans have long thought that what the federal government does can be done better, faster or cheaper by the private sector. So it should not shock anyone that US Treasury Secretary Scott Bessent recently revealed a larger agenda that sheds light on the Trump administration’s seemingly indiscriminate cuts to federal workers and agencies.

Subscribe to enjoy similar stories. Apple could really use some of Steve Jobs’s famous reality distortion field right about now.