The initial public offering could be the world's biggest tech float this year - valuing the company at up to $100 billion - and is expected to come in the second half of the year, the Thomson Reuters publication reported.
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However, prices are also on an uptrend with retail inflation likely to have firmed up further to 5.4 per cent in December owing to a lower base of comparison, the report by Morgan Stanley said.
Morgan Stanley analyst James Faucette sent out a paper titled 'Bitcoin Decrypted' devauling the already volatile cryptocurrency.
The global financial services firm also said that Bitcoin cannot be valued like a currency as there is no interest rate associated with it.
According to global financial services major Morgan Stanley, corporate return expectations and balance sheet fundamentals are improving, and a strengthening financial system should be able to meet investment credit demand.
Accordingly, the country's GDP growth will accelerate to 7.5 per cent in 2019 financial year, the report by global financial services major Morgan Stanley said.
Chetan Ahya, Co-Head of Global Economics & Chief Asia Economist, Morgan Stanley said the house is expecting the second quarter (Q2) GDP number which will be announced on Thursday to be around 6.5 percent, which will confirm a turn in the growth environment that will be reported in September quarter and that trend is expected to continue.
India has a very clear reform agenda to address long-standing issues, particularly around infrastructure spending, he said.
According to global financial services majors like Nomura, BofAML and Morgan Stanley, price pressures are likely to build further in the coming months following a cyclical recovery in the economy and rise in vegetable and oil prices.
Prime Minister Narendra Modi's push to digitize the Indian economy has seen the introduction of Aadhaar — a unique identification number based on biometric information issued to residents of India — and attempts to reduce dependency on physical cash, although last November's surprise demonetization drive caused plenty of disruption.
Addressing investors at the Morgan Stanley annual conference here on 'India: Structural Reforms and Growth Path Ahead', Jaitley talked about the "massive" economic reforms undertaken by India.
The minister is scheduled to meet Singapore Prime Minister Lee Hsien Loong. On November 15, Jaitley will visit the Singapore Expo and deliver the keynote address at the Singapore Fintech Festival, a global event that draws over 10,000 participants.
According to Desai, compounded Nifty earnings will be around 20 percent in the next 5 years.
The house believes that same store sales growth is likely to be 8 percent, 10 percent and 12 percent for FY18, FY19 and FY20 respectively. Margin of Jubilant Foodworks is likely to expand by 610 basis points over FY17-20.
Morgan Stanley has retained an overweight rating on Titan Company and has upgraded the stock price to Rs 720 per share and expects the company to gain market share going forward.
The global research firm believes that InfoTech Aerospace Services Inc (IASI) divestment transaction has no implications on company's existing relationship with respect to United Technologies Corporation (UTC).
There was an uptick in headline inflation in August driven by implementation of the House Rent Allowance (7th Pay Commission) hike and accordingly the RBI is expected to keep rates on hold, said the financial services major.
A look at top cues from the domestic and international markets that could have a bearing on D-Street today.
According to the global financial services major, the moderation, on a year-on-year basis, is likely owing to higher oil prices and unfavourable base effects.
According to the global financial services major, August recorded 17th straight month of positive flows. Domestic equity mutual funds received inflows of USD 3.9 billion, the highest ever for any month, and if ETFs are included, the figure stood at USD 4.1 billion.
"Indeed, we remain skeptical that the GDP statistics are fully reflecting the underlying growth trends in the economy," Morgan Stanley said in a research note. It further said that a number of high frequency growth indicators are indicating that end demand is holding up well and is running counter to the slowdown exhibited in the national accounts.
While India ranks among the top three in the emerging market basket in terms of GDP, it barely makes it into the top 15 in terms of index weight.
According to the global financial services major, both CPI and WPI inflation have troughed in June and are expected to rise further in the coming months.
Motilal Oswal has maintained a neutral stance on BPCL while Morgan Stanley has retained an overweight rating on the stock expecting an earnings turnaround on counter cyclical capacity growth and product quality upgrade.