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News on Medial
Can Morgan Stanley PE’s backing help Clearmedi revive stagnant revenue?
VCCircle
·
1y ago
Medial
Morgan Stanley PE is providing financial backing to Clearmedi Healthcare Pvt. Ltd (CHPL), a Delhi-based healthcare provider. Despite running a chain of oncology hospitals and radiation therapy centres, CHPL has experienced stagnant revenue over the past three fiscal years. After two profitable years, CHPL slipped back into losses for FY23. The partnership with Morgan Stanley PE aims to help Clearmedi revive its revenue and navigate its way back to profitability.
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User growth is stagnant, we’re barely breaking even: Elon Musk tells X employees
Economic Times
·
6m ago
Medial
Elon Musk, owner of the social media platform X (formerly Twitter), informed employees about financial challenges, including stagnant user growth and minimal revenue. Banks, including Morgan Stanley, are preparing to sell some of the $13 billion debt used for Musk's $44 billion acquisition of X. Musk’s changes, including extensive layoffs, have affected revenues and increased default risks. Banks anticipate recovering 90 to 95 cents per dollar from the debt sale, facing difficulties due to the platform's financial instability.
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Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific
VCCircle
·
1y ago
Medial
Morgan Stanley is reportedly cutting around 50 investment banking jobs in the Asia-Pacific region, as a result of China's slump in markets. The layoffs affect approximately 13% of the bank's workforce in the region, with Hong Kong and mainland China being the most impacted. This downsizing follows similar cutbacks by other global banks experiencing a decline in deal making activity in China. Morgan Stanley reported a first-quarter profit above analysts' estimates, with investment banking revenue rising 16% compared to the previous year.
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RIL's market capitalisation to swell by up to $100 billion, predicts Morgan Stanley
Money Control
·
1y ago
Medial
According to Morgan Stanley, Reliance Industries Ltd (RIL) could see a boost in its market capitalization of up to $100 billion in its fourth monetization cycle. The brokerage raised its target price for RIL by over 16 percent to Rs 3,540, indicating a potential upside of around 13.5 percent. The anticipated growth is expected to be driven by telecom tariff hikes, revenue from new energy business, upcycle in chemicals, and integration of its retail business. Morgan Stanley believes these factors mark a shift towards consumer and technology sectors for RIL.
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Coforge, TechM, Infosys, TCS: Morgan Stanley cuts targets for IT stocks amid risks to valuation multiples
Business Today
·
4m ago
Medial
Morgan Stanley has downgraded target prices for several Indian IT stocks due to valuation risks. Key reductions include Coforge to Rs 9,400, TCS to Rs 3,950, Infosys to Rs 1,740, and Tech Mahindra to Rs 1,550. It prefers Tata Consultancy Services over Infosys and Tech Mahindra over HCL Technologies in the large-cap sector. Wipro received an 'underweight' rating. Morgan Stanley's dollar revenue growth forecasts are 4.5% for F26 and 6% for F27.
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Morgan Stanley’s wealth arm probed by multiple federal regulators
Livemint
·
1y ago
Medial
Multiple federal regulators, including the Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency, are investigating Morgan Stanley over its client vetting processes in relation to money laundering risks. The investigation focuses on whether the bank adequately investigates the identities and wealth sources of prospective clients, as well as how it monitors their financial activities. Regulators have raised concerns about Morgan Stanley's international clients. The bank has been addressing these issues and has invested in compliance, technology, and artificial intelligence to enhance its understanding of money flows. The SEC previously sent Morgan Stanley a list of clients for clarification on their vetting process. The Treasury's Financial Crimes Enforcement Network and the Office of Foreign Assets Control have also been involved in the investigation. Morgan Stanley's wealth unit, which accounts for about half of the company's revenue, has seen flat revenues and a decline in net new assets.
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LG Electronics India gets Sebi nod for Rs 15,000 crore IPO
Business Today
·
4m ago
Medial
LG Electronics India has received SEBI approval for a Rs 15,000 crore IPO, comprising an Offer for Sale of over 10.18 crore shares (15% stake). The company reported Rs 64,087.97 crore in revenue. Key firms managing the IPO include Morgan Stanley, J P Morgan India, and others. LG competes with Samsung and Sony, with manufacturing sites in Noida and Pune. In 2024, the Indian IPO market hit a record $20.5 billion, led by Hyundai Motor's $3.8 billion IPO.
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Intel exploring division split, M&A to cope with historic slump
Economic Times
·
11m ago
Medial
Intel Corp is reportedly considering various scenarios, with the assistance of investment bankers, including a potential split of its design and manufacturing businesses. The discussions come as the company faces a challenging period and explores options to revive its fortunes. Investment banks Morgan Stanley and Goldman Sachs are said to be advising Intel on potential strategies, which may also involve M&A activities. While no major moves are imminent, the options are expected to be presented during a board meeting in September. Intel CEO Pat Gelsinger has previously viewed the company's foundry division as crucial to its comeback, but a separation or sale of this unit is now being considered.
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Intel CEO Pat Gelsinger to pitch board on plans to shed assets, cut costs
Economic Times
·
11m ago
Medial
Intel CEO Pat Gelsinger is set to present a plan to the company's board of directors for restructuring and cost-cutting measures. The plan includes selling off unnecessary businesses such as its programmable chip unit Altera, in order to reduce costs and revive the struggling chipmaker's fortunes. The proposal does not currently include plans to sell off Intel's contract manufacturing operation. The company is also considering pausing or halting its $32 billion factory project in Germany. Intel has hired Morgan Stanley and Goldman Sachs to advise on potential sales. The board meeting in mid-September will play a crucial role in determining Intel's future direction.
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Kazakh fintech giant Kaspi.kz makes US IPO filing public
Reuters
·
1y ago
Medial
Kazakhstan-based fintech company Kaspi.kz has revealed a surge in profits and revenue, as it moves closer to a US listing by making its IPO paperwork public. The firm, valued at almost $19 billion on the London Stock Exchange, is set to join other highly valued companies planning US listings in 2024. Kaspi.kz hopes that a US listing will attract a larger and more diverse investor base. In its most recent quarter, the company reported a 40% increase in net income and a 51% rise in revenue. Morgan Stanley, J.P. Morgan, and Citigroup are the lead underwriters for its IPO.
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Vishal Mega Mart names five bankers for $750 million IPO
Livemint
·
1y ago
Medial
Vishal Mega Mart has appointed Kotak Mahindra Capital, ICICI Securities, JP Morgan, Morgan Stanley, and Jefferies as bankers for its upcoming IPO, expected to be worth up to $750 million. The supermarket chain, owned by Partners Group and Kedaara Capital, plans to file for the IPO by the end of the year. Vishal Mega Mart's owners are targeting a valuation of $5 billion. The company operates a mix of owned stores and franchises, and its consolidated revenue grew 36% to INR 7,590 crore ($1.03 billion) in FY23.
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