Page 12 - Goldman Sachs

PM Modi meets Goldman Sachs leadership, highlights India's potential

Prime Minister Narendra Modi met Goldman Sachs' key leadership here on Wednesday and highlighted India's potential and opportunities to the leading global banking and investment firm. "Had a fruitful discussion with the members of the Board and key leadership of Goldman Sachs. Highlighted India's vast potential for growth, fuelled by recent reforms and a conducive business environment," the prime minister said in a tweet. Modi said he also spoke about the opportunities being offered by India for global firms.

India's Superman stature in world order by 2075 to be US' kryptonite

Off the back of superior economic growth, EMs and the Indian capital market are expected to grow in stature over the decades to come

India to account for 12% of global m-cap by 2075; GDP to surpass US

The US-based investment bank said the growth in EMs will continue to outpace that in the developed market, with 7 of the top 10 world economies becoming EMs by 2075

Goldman starts cutting number of MDs across the globe amid deals slump

The moves are part of a deep cost-savings drive at the bank, which has seen at least three rounds of job cuts in less than a year

Goldman Sachs likely to take big writedown on GreenSky acquisition: Report

Shares of Goldman fell 1.4% in morning trading

JPMorgan Chase cuts nearly 20 Asia dealmaking jobs in new layoff round

The moves add to a February round of cuts that affected about 30 investment bankers in Asia, and followed similar moves by Goldman Sachs Group Inc. and Citigroup Inc. last week

Goldman Sachs sees India holding its own even if China stocks rebound

India has been seen as one of the key beneficiaries as global sentiment toward Chinese equities soured due to a slower-than-expected recovery

Goldman Sachs' biggest office beyond New York attests to India's rise

India has roughly 1,600 of the centers, more than 40% of the number worldwide, according to Nasscom

Goldman Sachs slashes forecast for oil prices by nearly 10% on weak demand

Goldman Sachs has slashed its forecast for oil prices by nearly 10 per cent, citing weak demand in China and a glut of supply from the sanctioned countries, including Russia

Global investors in race for student housing company Good Host Spaces

Good Host Spaces is jointly owned by Goldman Sachs and Warburg Pincus

Over half of NSE 500 stocks deliver 10x return in 20 years: Goldman Sachs

Some of the prominent Indian stocks that delivered over 10x total returns over a 5-year rolling period since 2000 include Westlife Foodworld, Bharti Airtel, Adani Total Gas, said the report

Goldman Sachs bets on RBI pausing repo rate again on June 8 meeting

Forecasting a steeper fall in inflation to the tune of 50 bps lower than previously projected, a Wall Street brokerage sees the central bank leaving the policy rates unchanged at 6.5 per cent in the forthcoming review on June 8. Analysts at Goldman Sachs India in a report on Friday said the headline inflation will average 5.3 per cent this year, which is within the RBI target of 2 per cent plus or minus 4 per cent, even though they expect some risk to food inflation stemming from crop damages due to unseasonal rains. It can be noted that retail inflation has declined to an 18-month low of 4.7 per cent in April from 5.7 per cent in March. Moreover, core inflation has also fallen to 5.2 per cent in April. Going forward, we see average headline inflation at 5.3 per cent in 2023, which is within the RBI target of 2-6 per cent. This means that in Q2 of 2023 (Q1 of FY24) headline inflation is likely to be around 50 bps below the most recent RBI forecast. This will have the RBI keeping the

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Goldman Sachs raises India's growth forecast this year by 30 bps

"In YoY terms, our Q2-Q4 CY23 GDP growth forecast is 6.5 per cent, 5.9 per cent, and 8.1 per cent, respectively"

Goldman Sachs sees remittances keeping CAD lower in 2023: Report

Despite an improved external situation, Goldman expects rupee to underperform Asian peers

Goldman Sachs slashes Adani's stakes from ESG funds following allegations

Goldman funds registered as promoting environmental, social and governance goals under European Union rules sold about 11.7 million shares in Adani companies in February

Goldman Sachs moves past 1MDB scandal with new office in Abu Dhabi

Goldman Sachs's new outpost will open in Abu Dhabi Global Market, pending final regulatory approval, according to an internal memo seen by Bloomberg News

Goldman Sachs agrees to pay $215 mn to end case on underpaying women

Though the trial was to focus on the statistics of pay and promotion, and a judge had said the question of a boys' club atmosphere didn't qualify for class treatment

Goldman Sachs joins Barclays in bet against Fed rate cuts this year

Positioning around policy pricing for this year has entered a key period this week, with April inflation gauges slated to be released Wednesday and Thursday

China flags supply chains, population as top priorities for new policies

China has become increasingly alert to supply chain security risks amid a US push to cut it off from advanced chip technology. Adding to it, its population has shrunk signaling a demographic crisis