Morgan Stanley

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Jio Platforms gets Rs. 5,655 crore investment from Silver Lake

04 May 2020

Jio Platforms gets Rs. 5,655 crore investment from Silver Lake

Jio Platforms, the entity housing telecom and digital businesses of Mukesh Ambani-led Reliance Industries, has picked up Rs. 5,655 crore ($747 million) in investment from US-based private equity firm Silver Lake.

Guess how much Netflix is spending on content in 2019

20 Jan 2019

Guess how much Netflix is spending on content in 2019

Netflix is one of the premiere streaming platforms in the world and they continue drawing public attention by adding new and exciting content regularly.

Walmart completes acquisition of Flipkart, pumps in $2bn

19 Aug 2018

Walmart completes acquisition of Flipkart, pumps in $2bn

On Saturday, Walmart announced that it had completed its $16bn acquisition deal with Flipkart.

#CareerBytes: 5 Mumbai University engineering colleges and their placement rates

18 Jun 2018

#CareerBytes: 5 Mumbai University engineering colleges and their placement rates

Established in 1857, the University of Mumbai is one of the country's premier state universities where engineering is a widely-picked undergraduate course.

Xiaomi files for the biggest Chinese tech IPO since 2014

03 May 2018

Xiaomi files for the biggest Chinese tech IPO since 2014

Chinese consumer electronics company Xiaomi has filed for an initial public offering (IPO) in Hong Kong Exchanges and Clearing (HKEX).

India's December quarter GDP growth likely to be 7%: Report

26 Feb 2018

India's December quarter GDP growth likely to be 7%: Report

According to a recent report by Morgan Stanley, India's economic recovery is expected to have gathered momentum and GDP growth for the December quarter is likely to have accelerated to 7 percent.

Hackers steal $534.5 million from Japanese cryptocurrency exchange

27 Jan 2018

Hackers steal $534.5 million from Japanese cryptocurrency exchange

Japanese cryptocurrency exchange, Coincheck said that on Friday, an attack by hackers led to around 523 million of the exchange's lesser-known NEM cryptocurrency coins getting transferred to another account without authorization.

Food-delivery space: Next big battleground for Indian e-commerce leaders?

06 Nov 2017

Food-delivery space: Next big battleground for Indian e-commerce leaders?

E-commerce giants, Amazon India, Flipkart, and Paytm, are reportedly looking to foray into the food-delivery business and are trying to acquire, invest, or expand into the sector.

Government likely to ban cryptocurrency exchanges in India

02 Nov 2017

Government likely to ban cryptocurrency exchanges in India

A government panel has advised the Centre to shut down cryptocurrency dealers/exchanges in a bid to curb the use of virtual currencies in India.

Reliance Industries, first Indian company to hit Rs. 6-trillion market-valuation

28 Oct 2017

Reliance Industries, first Indian company to hit Rs. 6-trillion market-valuation

Mukesh Ambani-led Reliance Industries Limited has reached yet another milestone by becoming the first Indian company ever to cross a market capitalization of Rs. 6-trillion.

RBI keeps repo rate unchanged at 6%

04 Oct 2017

RBI keeps repo rate unchanged at 6%

The RBI has kept the repo rate, the rate at which banks borrow from RBI, unchanged at 6%. It comes after retail inflation hit a 5-month high of 3.36% in August.

eBay closes sale of India arm to Flipkart

01 Aug 2017

eBay closes sale of India arm to Flipkart

Four months after announcement of the sale, Flipkart has closed the acquisition of eBay's India arm.

Facebook is going bullish on Instagram's revenue potential

26 Jul 2017

Facebook is going bullish on Instagram's revenue potential

Facebook threw a curve ball when it, without any prior notice, decided to report solely GAAP earnings last quarter.

The Apple car is no longer a rumour

02 Jul 2017

The Apple car is no longer a rumour

Rumours about Apple making its own self-driving car had been in the air for quite sometime, but these were just rumours until recently.

Millennials are changing India, one decision at a time

17 May 2017

Millennials are changing India, one decision at a time

It is expected that within the next four years, India will have 64% of its population within the working age group, fuelling its growth.

Flipkart raises investments from Tencent, Microsoft; buys eBay.in

10 Apr 2017

Flipkart raises investments from Tencent, Microsoft; buys eBay.in

Flipkart has raised investments worth $1.4bn from Tencent, eBay and Microsoft, at a post-transaction valuation of $11.6bn.

Flipkart secures $1 billion in funding, eyes $1 billion more

21 Mar 2017

Flipkart secures $1 billion in funding, eyes $1 billion more

Flipkart manages to secure $1billion in funding in a bid to stay ahead of the competition.

Facebook and Flipkart to work together

13 Mar 2017

Facebook and Flipkart to work together

Flipkart and Facebook are teaming up in an effort to improve connectivity for their apps and websites for users on slower networks and older handsets.

New CFO-backed Flipkart returns to the game

26 Feb 2017

New CFO-backed Flipkart returns to the game

India's largest online retailer Flipkart is looking at a fundraising of as much as $1.5 billion from investors including Microsoft, eBay, PayPal among others at a valuation of $10-12 billion.

Flipkart looking to raise $1.5 billion from Microsoft

22 Feb 2017

Flipkart looking to raise $1.5 billion from Microsoft

E-commerce giant Flipkart is amidst talks in order to raise a funding round of up to $1.5 billion from investors including Microsoft, eBay, PayPal Holdings and Tencent Holdings.

Flipkart signs on Microsoft cloud service

20 Feb 2017

Flipkart signs on Microsoft cloud service

India's largest e-commerce firm Flipkart, has signed up to use Microsoft's Azure cloud service platform.

Govt reduces stakes in ITC by 2%

07 Feb 2017

Govt reduces stakes in ITC by 2%

The government divested 2 percent of its stake held in FMCG giant ITC through the Specified Undertaking of the Unit Trust of India (SUUTI).

Flipkart's valuation slashed further

26 Jan 2017

Flipkart's valuation slashed further

Fidelity investments has slashed the values of Flipkart's shares by 36%, bringing the company's valuation down to $5.58 billion.

Theresa May to meet Wall Street Bankers

19 Jan 2017

Theresa May to meet Wall Street Bankers

Theresa May will meet some of Wall Street's biggest firms after banks threatened to move jobs out of UK amidst Brexit.

2017 World Economic Forum — Responsive and Responsible Leadership

18 Jan 2017

2017 World Economic Forum — Responsive and Responsible Leadership

The 2017 World Economic Forum (WEF) kicked off at Davos; Chinese President Xi Jinping set the tone for the five-day annual conference with an impassioned speech.

McDonald's to sell 33% stake in Japan

14 Jan 2017

McDonald's to sell 33% stake in Japan

Sources said McDonald's is planning to sell 33% stake in its Japan unit McDonald's Holdings Co Japan Ltd and has begun inviting bids for the same. McDonald's own only 50% of the unit.

McDonald's to sell businesses in China and Hong Kong

09 Jan 2017

McDonald's to sell businesses in China and Hong Kong

McDonald's, the American fast-food giant, has agreed to sell a controlling stake in its businesses in China and Hong Kong.

2016 Year in Review for Indian unicorns

31 Dec 2016

2016 Year in Review for Indian unicorns

The term "unicorn" was promoted by venture capitalist Aileen Lee to describe start-ups which were valued at over $1 billion.

Deutsche Bank reaches $7.2 billion settlement with US regulators

23 Dec 2016

Deutsche Bank reaches $7.2 billion settlement with US regulators

Deutsche Bank has reached a settlement of $7.2 billion with the Department of Justice in the US (DoJ) over an investigation into the mortgage-backed securities.

Flipkart now valued at $6 billion: Morgan Stanley

29 Nov 2016

Flipkart now valued at $6 billion: Morgan Stanley

A mutual fund managed by Morgan Stanley has slashed Flipkart's valuation to $6 billion down from its former glory of being a $15 billion company.

Succumbing to cloud rivals, Rackspace goes private in an acquisition

27 Aug 2016

Succumbing to cloud rivals, Rackspace goes private in an acquisition

Cloud computing company Rackspace has announced that it has entered into a $4.3 billion cash deal with Apollo Global Management to become a private company.

Flipkart launches office in Palo Alto

13 Aug 2016

Flipkart launches office in Palo Alto

On 12th August, 2016, Indian e-commerce giant Flipkart established an office in the United States of America.

JM Financial's chief Nimesh Kampani resigns

03 Aug 2016

JM Financial's chief Nimesh Kampani resigns

One of India's leading investment banker, Nimesh Kamapani, stepped down as Chairman and Managing Director of JM Financial group of companies, of which he was the founder.

SBI plans to shut and relocate 30% of its branches

02 Aug 2016

SBI plans to shut and relocate 30% of its branches

The biggest bank of the country, State Bank of India (SBI), is considering a proposal to either relocate or shut down 30% of its 24,000 branches.