From lengths to which hedge funds would go to protect staff, to why financial hiring gets tougher, and how Wuhan may have eradicated the virus - read these and more in today's world dispatch
The fact is that small businesses will not be able to afford to experiment; individual workers do not have the power to impose their preferences
Berkshire Hathaway sold 84 per cent of its Goldman Sachs stock in the first quarter, marking a reversal for an investor who generally holds large stakes in the banking sector.
Analysts say the Rs 20-trn stimulus package by govt a lost opportunity
Predicts a 5 per cent GDP contraction for India in FY21, says recently announced reforms not to have immediate impact on reviving growth
Overall, the government's measures to undertake changes on land, labour and laws and to provide liquidity appear large and should support sentiment
ReNew quoted a winning tariff of Rs 2.9 per unit (kwh) for the complete capacity of 400 Mw offered by the government.
Analysts at Goldman Sachs expect the Indian economy to contract 0.4 per cent in FY21 versus consensus median 2.7 per cent
The US-based investment firm has also lowered the Nifty target to 9,600 for June 2021, expecting substantial downward revisions to corporate earning
Business Standard brings to you a snapshot of events that made the headlines today
According to the bulk deal data on the National Stock Exchange (NSE), Goldman Sachs (Singapore) Pte-ODI bought 1.4 million shares of the private lender, at an average price of Rs 430.3 apiece
The Wall Street trading powerhouse on Wednesday also warned that it expects reduced revenue in its asset and wealth management businesses and a higher rate of client defaults
While the fiscal easing so far has been limited, they do expect more fiscal measures by the central and the state governments.
Coronavirus infection rates remain a 'wild card' as they remain high even if they're 'slowing' in the US and Europe
The pay boost comes just as Goldman is embarking on a $1.3 billion cost-cutting plan that includes removing some managers and shifting employees to less expensive locales
Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s
Morgan Stanley expects global growth to fall to 0.9 per cent in such a scenario, while Goldman Sachs predicts weakening of growth to 1.25 per cent
The outlook could darken even further if the virus lasts longer than anticipated, or wields greater economic pain -- given factories, schools, restaurants and shops are closing around the world
Goldman said it did not expect GDP to return to the pre-virus trend until the third quarter.
In a note sent on Sunday, the US bank said it now sees real gross domestic product growth of 0% in the first three months of the year, from its original estimate of 0.7% expansion