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Indian households have seen a sharp rise in wealth thanks to the soaring price of gold, with holdings now valued at an estimated $3.8 trillion, accounting for almost 89% of the country’s GDP, according to a Morgan Stanley report. The report says the surge in household wealth is further supported by lower interest payments after…
The beloved P. Stanley, a distinguished producer whose influence shaped Malayalam cinema in the 70s and 80s, has departed at the age of 81. Best known for his support of Padmarajan’s timeless masterpiece ‘Thoovanathumbikal’, Stanley was also an accomplished writer and assistant director. No one will be able to forget the veteran Padmarajan‘s evergreen classic…
Adani Power Limited (APL) has established its position as India’s largest private coal-based independent power producer, with a portfolio of 18,150 MW across 12 plants in eight states, according to a Morgan Stanley research report.The company has successfully revived 4,370 MW of stressed assets and is integrating another 2,900 MW, consistently maintaining plant availability above…
The Reserve Bank of India (RBI) is likely to cut policy rates by 25 basis points each in October and December, bringing the terminal rate down to 5 per cent, global brokerage Morgan Stanley has projected in its latest report. The easing cycle is supported by sustained disinflation and inflation undershooting the central bank’s 4…
