Page 13 - Goldman Sachs
India not prepared for full force of artificial intelligence adoption
Only 11% of jobs in India can be automated against global average of 18%, says Goldman Sachs' assessment of 30 countries
 "India not prepared for full force of artificial intelligence adoption")
AI may automate up to 300 million jobs around the world: Goldman Sachs
In a report published on March 26, GS economists predicted that 18 per cent of work globally could be computerised
 "AI may automate up to 300 million jobs around the world: Goldman Sachs")
First Citizens considering to make an offer to buy collapsed SVB: Report
As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank
 "First Citizens considering to make an offer to buy collapsed SVB: Report")
SVB says Goldman Sachs was the buyer of portfolio it booked losses on
The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a $2.25 billion stock sale last week using Goldman Sachs as an adviser
 "SVB says Goldman Sachs was the buyer of portfolio it booked losses on")
Goldman exits ReNew, CPPIB becomes new majority owner in the company
Goldman's exit is in compliance with US state securities regulations, which restrict the ownership of ownership beyond 10 years in a company
 "Goldman exits ReNew, CPPIB becomes new majority owner in the company")
Top headlines: Subway's sale draws Goldman, US-India navies hold 6th meet
Business Standard brings you the top headlines at this hour
 "Top headlines: Subway's sale draws Goldman, US-India navies hold 6th meet")
Subway's potential $10 billion sale draws Goldman, Bain, says report
Goldman Sachs Asset Management and Bain, along with private equity firms TDR Capital and TPG, have tabled indicative offers for Subway, the news outlet reported
 "Subway's potential $10 billion sale draws Goldman, Bain, says report")
Goldman Sachs, BofA expect three more US Fed rate hikes this year
Both banks forecast Fed fund rates at 5.25%-5.5% range
Goldman growth fund increases bets on India as China interest cools
The New York-based bank is targeting to invest a quarter of its newly-raised $5.2 billion growth fund in the region, people familiar with the matter said
 "Goldman growth fund increases bets on India as China interest cools")
TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report
The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said
 "TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report")
Distressed funds including Oaktree Capital scoop up Adani Group bonds
Adani Enterprises Ltd., the flagship company, finished up nearly 15% on Tuesday, leading gains as other related stocks also rose
 "Distressed funds including Oaktree Capital scoop up Adani Group bonds")
Goldman Sachs Asset Management raises $5.2 billion, to invest globally
The fund has invested in Indian companies such as Swiggy, MoEngage, and ElasticRun
Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023
Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs
 "Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023")
Investment bank Goldman Sachs to partially retreat from consumer banking
Goldman Sachs no longer wants to be the bank for everyone. The storied investment bank spent eight years attempting to expand its business beyond corporations and the wealthy. But in recent months, Goldman has signalled a partial retreat from those efforts by scrapping plans for a checking account broadly available to the public and mothballing its personal loan business. A popular savings account and a credit card business survive for now. Last week, the bank disclosed that it had accumulated USD 3 billion in losses in its consumer banking franchise since 2020, mostly money set aside to cover potential loan losses in its Marcus personal loan business. Bank regulators are reportedly looking into whether the consumer business had proper safeguards in place as it grew larger. The retreat in consumer banking comes as Goldman tries to refocus on its roots: advising corporations on deals, investing, and trading, and servicing the well-to-do. The firm's revenue from investment banking, .
In layoff season, social networks are stepping up to help ease the anxiety
Support and empathy on sites such as LinkedIn and a market that is still hiring are softening the blow
 "In layoff season, social networks are stepping up to help ease the anxiety")
Goldman Sachs sees 69% drop in Q4 net profit on dealmaking slump
It also reported a pre-tax loss of $778 million in its platform solutions unit
 "Goldman Sachs sees 69% drop in Q4 net profit on dealmaking slump")
Top headlines: IndOS vs iOS, Oxfam's 'Survival of Richest' report & more
Business Standard brings you the top headlines at this hour
 "Top headlines: IndOS vs iOS, Oxfam's 'Survival of Richest' report & more")
Amazon, Goldman Sachs employees flood social media with layoff news
Professional networking platforms, such as LinkedIn and Grapevine, were full of stories of layoffs
Modi govt's final full budget to focus on subsidy cuts, 'Make in India'
With India running one of the highest public debt to GDP ratios among emerging markets globally, firm adherence to the fiscal consolidation would seem the most appropriate path
 "Modi govt's final full budget to focus on subsidy cuts, 'Make in India'")
Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs
The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years
 "Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs")
