Page 6 - Goldman Sachs

Goldman Sachs expects oil prices to remain around $80/bbl in 2024

Oil prices rose on Friday, with Brent futures reaching $74.37 after Russia announced it had fired a ballistic missile at Ukraine and warned of a potential widening conflict

Gautam Adani charged by SEC: Key FCPA corruption cases and their results

US SEC accused Gautam Adani and seven others of paying $265 million in bribes to Indian government officials to secure solar energy project contracts for Adani Green Energy

Indian stocks to stay flat 3 months as earnings, valuations weigh: Goldman

Wall Street brokerage, which remains tactically market weight on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in next three months, implying a gain of a little under 3 per cent

Goldman Sachs, Morgan Stanley downgrade China's economic growth outlook

Morgan Stanley downgraded China to slight 'underweight' from 'equal weight' in emerging markets

Bhartia family, Goldman Sachs in talks for 40% stake in Coca-Cola Beverages

The Bhartia family and Goldman Sachs aim to co-invest in a 40 per cent stake in Hindustan Coca-Cola Beverages, backing an SPV with around Rs 3,000-Rs 3,500 crore in funding

Stock market traders mete out stiffer penalty to firms missing earnings

A net income miss for Nifty 50 Index companies triggered a median decline of nearly 1.9 per cent in the stock prices in the current reporting season

Goldman Sachs cuts Indian stocks to neutral amid slowing economic growth

The cautious stance underscores growing concerns over the sustainability of company earnings amid weakening consumer spending and increasing commodity prices. India's record stock rally is already sho

Goldman, Apple to pay $89 mn following CFPB probe of credit card JV

"Apple and Goldman Sachs illegally sidestepped their legal obligations for Apple Card borrowers," CFPB Director Rohit Chopra said in the statement

Goldman Sachs profit beats estimates as bond sales boost investment banking

The Wall Street giant's gains echoed those at rival JPMorgan Chase and Citigroup, which also cashed in on debt and equity offerings as clients' economic confidence improved

Mark Mobius follows Goldman bet on China boost for emerging market equities

They said they expect further upside in emerging-market equities, with spillovers from China's growth in several countries such as South Korea, Malaysia and South Africa

Investor sells 8.45% of R Systems for Rs 465 cr, Goldman picks up stake

Investor Bhavook Tripathi on Friday trimmed its stake in R Systems International by divesting an 8.45 per cent stake to investors like Goldman Sachs, DSP Mutual Fund (MF), and Sundaram MF for Rs 465 crore through open market transactions. After the stake sale, Tripathi's holding has come down to 20.58 per cent from 29.03 per cent. However, he will remain the largest non-promoter shareholder/public shareholder of Noida-based R Systems. According to the block deal data available on the BSE, Tripathi offloaded 99,99,995 shares in eight transactions, amounting to an 8.45 per cent stake in the IT firm. The shares were sold at an average price of Rs 465.15 apiece, taking the transaction value to Rs 465.15 crore. Sundaram Mutual Fund, DSP Mutual Fund, Emerging Business Fund, Siddharth Iyer, Jagdish Naresh Master, Goldman Sachs, Dublin-based investment management firm Mediolanum International Funds and Carnelian Asset Management & Advisors were among the buyers of R Systems' shares on the

JPMorgan in talks with Apple over Goldman credit card partnership: Report

JPMorgan-Apple talks started earlier this year, advanced recently

Goldman Sachs, Citigroup lower China's 2024 growth forecast to 4.7%

Weak economic activity in August has ramped up attention on China's slow economic recovery

DBS may tap Goldman Sachs to help find insurance partner in India, Taiwan

The Singapore-based lender is working with Goldman Sachs Group Inc. as an adviser on potential ban assurance agreements for those markets

SBI, Vodafone Idea and Indus stocks tank after Goldman Sachs 'sell' call

Airtel outperforms as the US-based brokerage reiterates 'buy'

VIL's capital-raise unlikely to plug market share erosion: Goldman Sachs

Vodafone Idea's recent capital-raise while incrementally positive, may not be adequate to stop the telco's market share erosion, according to a note by Goldman Sachs. The brokerage has, in fact, anticipated another 300 bps (basis point) share loss for the company over the next 3-4 years, citing the direct correlation between capital expenditure and revenue market share, and given its own expectation of peers spending at least 50 per cent higher capex versus Vodafone Idea. One basis point is equal to 1/100th of a per cent. "Vodafone Idea's recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company's market share erosion in our view," it said. Additionally, it said, Vodafone Idea has large Adjusted Gross Revenue (AGR)/spectrum-related payments starting in FY26. "While the government has the option of converting some dues into equity, we estimate ARPUs would have to rise by Rs 200-270 (120-150 per cent under different scenarios) versus December

Goldman Sachs downgrades SBI to 'Sell', slashes target price; share slips

The fall in SBI share price came the New York-based brokerage Goldman Sachs downgraded SBI to 'Sell' from 'Neutral'.

Kamala Harris' tax plan may cut down 5% of corporate profits: Goldman Sachs

On Wednesday, Harris said Trump's plans would cut off federal programs that offer loans to small businesses, cut the corporate tax rate and push the US deficit higher

Harris' proposed tax reforms may cut S&P 500 earnings by 5%: Goldman Sachs

Harris proposed raising the corporate tax rate to 28 per cent from 21 per cent and ensure big corporations pay their fair share

Retail firms are focused on shoppers spending, tariffs: Goldman Sachs

Consumers continue to be "somewhat steady," but they are spending selectively after years of inflation, McShane added.