The report noted that India is likely to see a longer- duration expansion cycle with low risks of "overheating" in the next two years considering the overall policy approach of the government and the Reserve Bank.
Morgan Stanley on Wednesday promoted its investment banking chief, Colm Kelleher, to president, making him the heir apparent to current Chief Executive James Gorman, and prompting Greg Fleming, the head of wealth management,
Foreign fund house Morgan Stanley Asia (Singapore) Pte has raised its stake in Aditya Birla Chemicals (India) to more than 5 per cent by acquiring shares worth Rs 141.73 crore through an open market transaction.
A former Morgan Stanley stockbroker pleaded guilty on Wednesday to insider trading, over a scheme in which an accomplice showed him stolen stock tips on napkins and Post-its in Grand Central Station and then ate the evidence.
The Indian economy is expected to clock a 7.5 per cent GDP growth in this fiscal year, slightly lower than the previous estimate of 7.9 per cent largely because of bad weather and weak external demand, Morgan Stanley said.