Page 3 - Goldman Sachs

Asia shares struggle, dollar soars on lowered Fed rate cut bets

Data on Tuesday showed US consumer prices rose 0.3 per cent in June, in line with forecasts, but the largest gain since January

Goldman Sachs hires UK ex-PM Rishi Sunak as adviser for global clients

Goldman Sachs has appointed former UK PM Rishi Sunak as a senior adviser. He will guide international clients on economic and geopolitical matters, marking his first major role since office

Gold rally to hit a snag? Motilal Oswal says upside needs fresh triggers

Gold price: The yellow metal has witnessed a stunning double-digit rally of roughly 30 per cent so far this year, aided by geopolitical tensions

Goldman Sachs increases forecast for Fed rate cut to three in 2025

Citigroup and Wells Fargo also expect the Fed to cut rates by 75 basis points in 2025, while UBS Global Research forecasts 100 basis points of reduction

Brent crude may cross $110 if Hormuz oil flow halves: Goldman Sachs

But Kotak Institutional Equities believes market concerns are driving oil prices and points to sufficient OPEC+ spare capacity and well-supplied global inventories

We want to be a people-first organisation: Goldman Sachs CIO Marco Argenti

Engineers need to think about the problem first and not the solution, says Argenti

Biocon closes ₹4,500 crore QIP to boost innovation, expand global access

Biocon raises ₹4,500 crore through QIP, its first equity issue since IPO, to fund innovation, repay debt, and expand global access to affordable biopharmaceuticals

Goldman Sachs trims Q1 estimates on EMS, durables; turns positive on C&W

Goldman Sachs retained its 'Buy' ratings on Crompton Greaves Consumer Electricals, Havells, and KEI Industries, citing stronger fundamentals and growth visibility.

Goldman Sachs upgrades Schneider Electric Infra to 'Buy'; sees 21% upside

Goldman Sachs upgraded Schneider Electric Infrastructure Ltd to a 'Buy' rating from 'Sell', and also raised its 12-month target price to ₹910 per share

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