RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India
The report titled 'Changing Contours of Indian Household Savings' notes that within financial savings, allocations are shifting from banks to non-banks, especially into retirement savings
Valuation likely at $1.7 bn; Goldman Sachs, Everstone Capital looking to exit
Goldman Sachs had planned to scrap its co-branded credit cards with GM last November
Report says services exports could reach around 11% of GDP by 2030, helping increase demand for top-tier discretionary spending
Zomato currently has a market capitalization of around $20 billion
Blinkit, formerly Grofers, was acquired by Zomato in 2022 in a distress sale via an all-stock deal for $568 million
Initially viewed as a daring rescue mission, Zomato's acquisition of Blinkit in 2022 rattled investors, causing a 20 per cent dip in Zomato's share prices
India is the world's second busiest IPO market this year after the United States, with bankers expecting more activity amid a paucity of deals elsewhere in Asia, Reuters reported last month
The regulatory crackdown extracted at least $200 million apiece from Wall Street giants such as Bank of America Corp., JPMorgan Chase & Co and Goldman Sachs Group Inc, while also fining others
Goldman Sachs attributes India's underpenetrated CDMO and CRO market to smaller capacities, lack of Innovation with little collaboration between Industry and academia
Credit support from banks "appears well below the amount needed for securing home completions," analysts led by Lisheng Wang wrote in a report released Sunday
"We continue to execute on our strategy, focusing on our core strengths to serve our clients and deliver for our shareholders," CEO David Solomon said
Despite a slight decline earlier in the year, the stock has soared by an impressive 58.19 per cent over the past year
The world's second-largest economy has struggled to regain momentum as the property sector and consumer spending remain weak
At present, the Gangwal family holds about 25.21 per cent stake in the company that operates the country's largest airline, IndiGo
The Wall Street brokerage had earlier expected a 4% annual rise in companies buying back their own shares, against a 14% fall last year
Fidelity, which received a stake in X after helping Musk complete his $44 billion purchase, has marked down the value of its position by 72% since the takeover
"We'll launch what we call Capital Partners IX... our next private equity fund, which will be a significant fundraising," Solomon told investors at a conference in Miami
Analysts at Goldman Sachs, Bernstein and Morgan Stanley believe that Paytm can rally up to 75 per cent in a bull case scenario