Page 3 - Goldman Sachs

SBI MF, Goldman Sachs, others buy 1.8% stake in Bajaj Finserv

SBI MF, Morgan Stanley and Goldman Sachs, among others, on Friday cumulatively bought a 1.8 per cent stake in Bajaj Finserv for Rs 5,506 crore from promoter entities. Besides, JP Morgan India, Citigroup Global, Societe Generale, SBI Life, BofA Securities and Barclays Merchant Bank (Singapore) were also among the buyers, as per block deal data on the NSE. These entities bought 2.86 crore shares or 1.8 per cent stake in Bajaj Finserv at an average price of Rs 1,925.20 apiece, taking the combined transaction value to Rs 5,506.07 crore, as per the data. Meanwhile, Bajaj Finserv's promoters entities Bajaj Holdings and Investment and Jamnalal Sons offloaded an equal number of shares at the same price. After the stake sale, the promoters' holding of Bajaj Finserv dipped to 58.84 per cent from 60.64 per cent earlier. Shares of Bajaj Finserv rose 2.30 per cent to close at Rs 1,988.70 apiece on the NSE. In a separate block deal on the NSE, Wabco Asia Pvt Ltd, promoter of ZF Commercial Vehi

Jubilant gets $600 mn boost from Goldman for Coca-Cola India stake buy

Convertible preference shares is one of the many ways companies can raise capital to fund their operations and expansion

Five banks set to present OYO's IPO plans to SoftBank in London next month

Global travel-tech unicorn OYO has arranged for five investment banks to meet its key shareholder SoftBank in June, in a crucial presentation that could determine the company's path to public listing, sources said. The banks include Citi, Goldman Sachs and Jefferies from the global banking consortium, alongside ICICI Securities and Axis Capital representing Indian financial institutions. SoftBank, which remains one of OYO's largest shareholders, is interested in understanding the key positioning strategies, expected valuation metrics and anticipated investor appetite for the offering. The high-stake meeting is scheduled to take place at SoftBank's London office on Grosvenor Street, where the banks will present their IPO strategies to SoftBank's Sumer Juneja. OYO founder Ritesh Agarwal and his senior leadership team will also participate in the discussions, sources close to the development told PTI. The Japanese conglomerate's view is considered important for the IPO's timing, given

Trump can offset tariff ruling with other taxes, says Goldman Sachs

Trump could apply Section 122 tariffs of up to 15 per cent for 150 days or initiate investigations under Section 301, though those would take longer to implement

Wipro ropes in ex-Goldman Sachs exec Sandeep Dhar to lead GCC business

Dhar joins Wipro to head GCC practice, combining AI and consulting to help global firms scale innovation hubs as part of broader strategy to revive growth under Srini Palia

If macro conditions hold, IPOs will top 2024's record tally: Sunil Khaitan

'Issuers and investors recognise the need for balanced pricing rather than short-term gains,' says managing director and head of India Financing Group at Goldman Sachs

Jio Platforms likely to become world's 6th-largest telco after IPO

Likely to replace Airtel at peak valuation of $154 bn

Higher competitive pressures to cap DMart's margins in near term

DMart's stock slips after weak Q4 margin performance and cautious outlook as analysts flag rising cost pressures and competitive intensity in the FMCG segment

Trade war with US may kill 16 million jobs in China, warns Goldman Sachs

Retail, manufacturing, and coastal economies brace for impact as US-China trade tensions escalate

Fidelity, Goldman Sachs find tariff haven in Asian consumer stocks

Strategists at Goldman Sachs Group Inc. and Morgan Stanley recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive

China stocks face risk of $800 billion US outflows, says Goldman Sachs

Currently around 7 per cent of market capitalisation of Chinese companies' American Depositary Receipts, or ADRs, are held by US institutions

Citigroup Q1 results: Profit soars on 23% jump in stock trading revenue

Stock trading jumped in the first three months of the year as investors rejigged their portfolios during a period of heightened uncertainty over President Donald Trump's tariffs

Bank of America's Q1 profit rises on trading boost; stock gains 1.9%

Rivals JPMorgan Chase and Goldman Sachs have also reported stronger performance from their trading businesses

Goldman Sachs Q1 profit up 15% as trading gains offset banking slump

The Wall Street lender joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits. But investors have shifted their focus on to economic projections, which are being clouded by tariff

Goldman Sachs raises year-end gold forecast to $3,700 on strong demand

The bank also noted a surge in gold ETF inflows, driven by fears of a recession, with its economists assigning a 45 per cent probability to a US recession in the next 12 months

Oil crash could push Saudi Arabia's budget deficit to $67 bn: Goldman Sachs

Crude has plunged to its lowest level in about four years after US President Donald Trump unveiled new tariffs on almost all countries

Goldman Sachs cuts China GDP growth forecasts citing tariff impact

However, the report added that "even these significant easing measures are unlikely to fully offset the negative effects of the tariffs

Goldman Sachs expects major Chinese fiscal easing to counter US tariffs

Goldman said in a report on Sunday that the new tariff rates announced by US President Donald Trump would lower Chinese GDP growth by at least 0.7 per cent this year

Tata Consumer jumps 8% in trade; Goldman Sachs upgrades to 'Buy'; check TP

Goldman Sachs believes the company is poised for strong earnings per share (EPS) growth over FY25-27

Goldman raises odds of US recession to 35%, predicts 3 interest rate cuts

The brokerage also lowered the world's largest economy's GDP growth forecast for 2025 to 1.5 per cent from 2.0 per cent and projected three interest rate cuts