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Samvardhana Motherson International's share price rose over 3% to ₹135.20 after Goldman Sachs acquired 65.48 lakh shares for ₹87 crore at an average price of ₹132.7. The company reported a consolidated net profit of ₹879 crore for Q3 FY25, up from ₹542 crore a year earlier, with total revenue increasing to ₹27,666 crore. Despite a 7% gain in the last month, the stock has declined 13.5% year-to-date but has risen 15% over the past year and delivered multibagger returns of 107% in two years.
HSBC Holdings is shifting its investment banking focus to Asia and the Middle East, reallocating US$1.5 billion in cost savings to enhance growth in these regions. This strategic move follows a restructuring under CEO Georges Elhedery, which includes merging commercial and investment banking units and scaling back operations in the US and Europe. The bank anticipates US$1.8 billion in restructuring charges over the next two years, with significant management cuts already implemented.
Morgan Stanley has raised its year-end index targets for key Chinese stock indices, including the Hang Seng and MSCI China, citing improved earnings growth and a more optimistic economic outlook. The bank also upgraded its forecast for China's economic growth in 2025 to 4.5% and revised yuan predictions, emphasizing the importance of currency strength for foreign investment in Chinese equities. Meanwhile, Goldman Sachs anticipates a slowdown in the bull market as geopolitical tensions between the U.S. and China resurface.
Morgan Stanley has raised its year-end index targets for several Chinese stock indices, including the Hang Seng and MSCI China, citing improved earnings growth forecasts and a favorable economic outlook. The bank also increased its 2025 economic growth forecast for China to 4.5% and adjusted its yuan predictions, emphasizing the importance of currency strength for foreign investment in Chinese equities.
Morgan Stanley has raised its year-end index targets for several Chinese stock indices, including the Hang Seng and MSCI China, citing improved earnings growth forecasts and a favorable economic outlook. The bank also increased its 2025 economic growth forecast for China to 4.5% and adjusted its yuan predictions, emphasizing the importance of currency strength for foreign investment in Chinese equities.
HSBC Holdings plc has announced the repurchase and cancellation of over 4 million shares as part of a broader buy-back program initiated in February 2025, totaling approximately 121 million shares for around US$1.38 billion. This move aims to reduce the company's issued ordinary share capital, potentially enhancing shareholder value. Currently, HSBC operates as one of the largest banking and financial services institutions globally, with a market cap of £156.5 billion.
HSBC plans to expand its investment banking operations in Asia and the Middle East while exiting key businesses in Europe and the U.S. The bank will focus on debt financing, mergers and acquisitions, and equity capital markets, aiming for $1.5 billion in annual savings by 2026 through a major restructuring initiative.CEO Georges Elhedery emphasized the importance of Hong Kong as a central hub for cross-border wealth, while the bank continues to streamline operations, including job cuts and business sales, to enhance its competitive edge in priority growth areas.
Morgan Stanley has upgraded the MSCI China and Hang Seng indices to equal weight, citing a structural shift in Chinese equities, particularly in the offshore segment. Key factors include improved corporate discipline, rising shareholder returns, and a shift towards higher-quality sectors. The bank has raised its 2025 targets for the Hang Seng to 24,000 and the Hang Seng China Enterprises Index to 8,600, while maintaining its CSI 300 target at 4,200, anticipating offshore equities to outperform in the near term.
Goldman Sachs acquired 65.48 lakh shares of Samvardhana Motherson International for ₹87 crore through an open market transaction, purchasing at an average price of ₹132.7 per share. Concurrently, Kadensa Capital sold the same number of shares at the same price. Following the deal, the stock closed down 2.13% at ₹131.15.
Barclays has raised Veolia Environnement's price target, citing increased valuation potential in Europe. The company, a global leader in environmental management, generates net sales primarily from water-related services (40.4%), waste management (35%), and energy services (24.6%). Geographically, its sales are concentrated in France (19.7%), the U.S. (10.9%), and several European countries, among others.
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Goldman Sachs boosts Samvardhana Motherson shares with significant stake purchase
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05:01 26.03.2025
hsbc shifts investment banking focus to asia and middle east
04:49 26.03.2025
Morgan Stanley raises Chinese stock targets amid earnings and economic optimism
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04:43 26.03.2025
Morgan Stanley raises Chinese stock index targets on earnings and economic optimism
03:31 26.03.2025
Morgan Stanley raises China stock index targets on earnings and economic outlook
03:31 26.03.2025
hsbc completes significant share buyback of over 4 million shares
01:58 26.03.2025
hsbc plans investment banking expansion in asia and middle east
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01:00 26.03.2025
Morgan Stanley upgrades China equities amid structural regime shift and recovery
23:34 25.03.2025
goldman sachs acquires 65 lakh shares of samvardhana motherson for 87 crore
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16:54 25.03.2025
barclays raises veolia price target citing increased valuation potential in europe
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13:02 25.03.2025
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