The other bankers who have been selected by the Department of Investment and Public Asset Management (DIPAM) for managing the stake sale are Deutsche Equities, SBI Capital Markets and ICICI Securities, sources said.
The US-headquartered investment banking firm is primarily looking to invest in small business in a strategy known internally as “platform builds”
China is currently the market, investors are most concerned about given policy tightening, notably higher interbank rates and a range of measures aimed at curbing financial sector excesses, says Timothy Moe of Goldman Sachs.
United Spirits, Power firms, oil and gas, among others are on analysts' radar today.
Goldman Sachs downgraded the stock to neutral post recent outperformance
The minutes of the Fed's latest policy meeting Wednesday showed the central bank aims to reduce the $4.5 trillion in bonds on its balance sheet at some point this year.
While China may be more resilient, earnings in India may recover, says Goldman Sachs
Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at USD 50.92 per barrel at 0051 GMT, down 4 cents from their last close.
U.S. West Texas Intermediate crude was trading up 70 cents, or 1.5 percent, at USD48.42 a barrel by 0036 GMT, having earlier risen more than USD1 to USD48.87. The rise came after the contract fell for a seventh session in a row on Tuesday, the longest losing streak since January 2016.
Research firm feels it could target healthier variants, automation of some tasks and plug pricing gaps to get better returns.
Goldman Sachs has initiated its coverage on Infosys with a sell call and target of Rs 829 as application services is shrinking led by swift contraction in BFSI.
After breaking a streak of 12 straight record-setting sessions, the Dow resumed its upward climb and pierced the 21,000 mark for the first time on Wednesday.
The India Impact Fund is an initiative tailored for young employees of Goldman Sachs to make an impact on communities across the country by competing among themselves to identify and secure a total grant of USD 100,000 (around Rs 68 lakhs) for three non-governmental organisations (NGOs).
According to broking house Goldman Sachs, such an alliance may be beneficial for Tata Motors.
The NS Raghavan Centre for Entrepreneurial Learning (NSRCEL), at the Indian Institute of Management Bangalore, and Goldman Sachs today selected 15 women entrepreneurs and their ideas for incubation over next year as the final phase of its Women Startup Programme.
Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed declines in financials.
Morgan Stanley feels any interest in Axis Bank will be based on its retail franchise as it is one of the few banks with a strong retail deposit franchise.
A unit of Goldman Sachs has launched a block deal to sell up to USD82.1 million worth of shares in Max Financial Services Ltd with an upsize option of USD41.1 million, a deal term sheet showed on Monday.
Goldman Sachs says Kotak Mahindra Bank may outperform on improving growth prospects & top quartile EPS growth. Lending book is likely to grow at 25 percent hereon, it feels.
CLSA has downgraded HPCL to sell from outperform, with increased target price at Rs 540 from Rs 480 and EPS for FY17 by 8 percent & by 1-2 percent for FY18-19. Core refining margin was disappointing for third straight quarter, the brokerage house says, adding it relaxed EV/EBITDA multiple to 7.5x from 7x earlier.
Morgan Stanley is underweight on Bank of Baroda, with reduced target at Rs 125 from Rs 135 as valuation is expensive in the context of weak earnings progression. Share price will fall relative to the industry over the next 30 days, it feels.
CLSA says Power Grid's best is yet to come in terms of capitalisation and estimates 50 percent rise in regulated equity over FY16-19. The brokerage house has reiterated buy call on the stock, with increased target at Rs 238 from Rs 225 as it feels valuations are inexpensive despite a 39 percent rally in one year.
According to the global financial services major, fiscal consolidation in 2017-18 is mainly driven by a reduction in expenditure, particularly current spending.
The firm, which was acquired by Warburg Pincus in 2008 for 565 million pounds (USD 695.57 million) could fetch around 640 million pounds, including debt, at a multiple of around eight times core earnings, two of the sources said.