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Advisers are suggesting Treasury Secretary Scott Bessent as a potential successor to Jerome Powell as Federal Reserve chair. While Kevin Warsh, a former Fed official, is also under consideration, Bessent's leadership in economic initiatives and trade negotiations positions him as a strong contender. Trump is expected to announce his decision soon.
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News and Media
Morgan Stanley has upgraded Grasim Industries to 'Overweight,' citing the paints business's scaling and improved visibility. The brokerage anticipates a 29% upside, raising the price target to 3,500. Grasim is expected to become a formidable number three player in the paints sector by FY28, with Ultratech Cement remaining a key value driver.
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News and Media
Wealth managers are offering Shapoorji Pallonji Group's $3.4 billion NCDs to high-net-worth individuals, requiring a minimum 10 crore investment in the secondary market. This move follows past volatility where smaller HNIs quickly exited positions. The current unrated tranche has less disclosure, aiming for patient capital and avoiding wide domestic HNI distribution.
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News and Media
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