Page 11 - Goldman Sachs

Goldman Sachs splits with regulators on risk that basis trade poses

The cash-futures basis trade by some measures is as big as it was in 2019 and early 2020, when the onset of the pandemic sparked a rush for the exits that required a bailout by the Fed

Goldman Sachs pays Rs 26.44 lakh to settle FPI violation case with Sebi

Goldman Sachs (Singapore) Pte has settled with capital markets regulator Sebi a case pertaining to certain discrepancies in the monthly ODI (offshore derivative instruments) reporting after paying Rs 26.44 lakh towards the settlement amount. The order came after Goldman Sachs, a registered Foreign Portfolio Investor (FPI) which deals in off-shore derivative instruments, proposed to settle the alleged violations by "neither admitting nor denying" under the settlement rules. "It is hereby ordered that any proceedings that may be initiated for the violations... are settled in respect of the applicant (Goldman Sachs (Singapore) Pte)," the Securities and Exchange Board of India (Sebi) said in a settlement order passed on Monday. In its order, the regulator observed that certain discrepancies in the monthly ODI reporting for the month of March 2022 were identified by the applicant. These were related to a mismatch of investment managers for multi-managed clients with respect to four ODI

High on cash, MFs can support market in near term, says Goldman Sachs

According to the report, these schemes together manage assets worth $6.7 billion

Goldman Sachs invested in seven companies using Chinese state funds

Despite deteriorating relations between the US and China, Goldman Sachs has intensified its investment activities through this fund

Goldman Sachs plans to exit part of its wealth business, bets on HNIs

Move in line with strategy shift that began after Solomon restructured the firm

Goldman to sell wealth-advisory unit to $240 billion money manager

Goldman didn't disclose the sale price but said it expects to recognize a gain when the deal closes

Goldman sees India IT growth pick up in medium-term; initiates coverage

"Indian IT services companies have doubled their market share in the last 10 years," analysts at Goldman Sachs led by Manish Adukia wrote in a note dated Tuesday

Does Brics exist only because a good acronym cannot be allowed to die?

India says it wants clear criteria established for new Brics memberships. But do even the existing members qualify under any meaningful criteria, asks T N Ninan

Mid-cap stocks pique interest of FPIs after 5 years: Goldman Sachs

Overseas investor holding increased by 175 bps to 16% of their m-cap this year

Goldman Sachs pencils in first Federal Reserve rate cut for Q2 of '24

Fed policymakers in March 2022 began ramping up their target for the benchmark rate to a range of 5.25 per cent to 5.5 per cent

Goldman Sachs chief executive David Solomon stuck, without a clear lifeline

In July, Goldman reported a collapse in profits, the result of a misbegotten foray into consumer banking that the firm is unwinding

China or India? Where should investors put their money in coming Asia boom

Goldman Sachs Group Inc. analysts expect India's share of global equity market capitalisation to quadruple between now and 2075-reaching 12 per cent, when it will be neck and neck with China's

Goldman brings Tom Montag as CEO Solomon looks to bolster board support

Montag, who had previously co-headed Goldman's securities division besides holding several other senior roles, would now be a part of the bank's audit, governance and risk committees

Goldman profit tumbles on real estate hits, dealmaking slump: Report

The firm had been actively tamping down expectations heading into the report, prompting analysts to slash their estimates for quarterly profit by almost half since mid-June

Netweb Technologies India raises Rs 189 crore from anchor investors

Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF, HDFC MF and Nippon MF were among those who got an allotment

Goldman Sachs offloads $1 bn of personal loans from Marcus to Varde

Goldman last year stopped personal loans under the Marcus brand and decided to wind down the $4.5 billion loan portfolio

Tax havens: What are they, and which are the top tax havens in the world?

In 2016, a report by Citizen for Tax Justice stated that over 370 companies out of Fortune 500 operate subsidiaries in tax haven nations

India may be world's 2nd-largest economy by 2075, says Goldman Sachs

The report projected India's GDP at $52.5 trillion by 2075, behind China's $57 trillion but ahead of the US' $51.5 trillion

Goldman Sachs sees markets consolidating in third quarter of 2023

Goldman retains its market weight stance and sees Nifty50 at 20,700 by June, implying 6.7 per cent gain since Thursday's close at a record high of 19,497 points

PM Modi pitches India to investors in meeting with Goldman Sachs board

The 12-member Goldman board is visiting India for its first meeting in the South Asia nation in more than a decade