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  • Exclusive: Poonawalla family's Serum Institute looks to raise $1 billion for big-ticket COVID-19 vaccine project Jun 26, 2020 04:39 PM IST

    Exclusive: Poonawalla family's Serum Institute looks to raise $1 billion for big-ticket COVID-19 vaccine project

    Investment banks Goldman Sachs, Citi and Avendus Capital have been engaged as advisors for the process by the privately held vaccine manufacturer, say sources.

  • Goldman Sachs bullish on tech companies, bearish on energy stocks Jun 16, 2020 09:55 AM IST

    Goldman Sachs bullish on tech companies, bearish on energy stocks

    According to Goldman's US equity strategist David Kostin, the firm would avoid the energy sector, which has been the "biggest laggard" so far in 2020, over the coming weeks

  • Goldman traders gain $1 billion in commodities revenue after oil slump: Report Jun 10, 2020 07:30 PM IST

    Goldman traders gain $1 billion in commodities revenue after oil slump: Report

    Most of the boost came from oil trading overseen by Singapore-based partner Qin Xiao and Anthony Dewell in London, amid the collapse in oil prices, Bloomberg reported, citing people with knowledge of the matter.

  • Goldman Sachs forecasts worst recession for India, sees GDP fall by 5% in FY21 May 17, 2020 08:34 PM IST

    Goldman Sachs forecasts worst recession for India, sees GDP fall by 5% in FY21

    According to Goldman Sachs, the aggregate discretionary component of fiscal support announced by finance ministry, including Rs 1.7 lakh crore package announced in March, stands at 1.3 percent of GDP (Rs 2.7 lakh crore), “much smaller than the aggregate figure of 10 percent of GDP (Rs20 lakh crore) announced by the Prime Minister

  • Goldman Sachs pushes ahead with 1,460 India hires, internships May 15, 2020 05:43 PM IST

    Goldman Sachs pushes ahead with 1,460 India hires, internships

    Gunjan Samtani, who heads the bank in India, told Reuters in an interview this week that about half of those were offers for full-time jobs at the bank's technology centre in Bengaluru, now its second-biggest office globally. The rest are internships.

  • Goldman Sachs CEO says staff back at offices in Asia, but not New York, London May 06, 2020 10:20 AM IST

    Goldman Sachs CEO says staff back at offices in Asia, but not New York, London

    Large banks worldwide have been developing plans to gradually return staff to offices after nearly two months of working remotely and from home during the outbreak of the novel coronavirus.

  • Goldman Sachs expects disposable income of Americans to grow despite 30 million job losses May 05, 2020 09:57 AM IST

    Goldman Sachs expects disposable income of Americans to grow despite 30 million job losses

    The economic ramifications of the pandemic may have panned out already as the US and other economies are planning an exit strategy from the lockdown, it has said.

  • M-cap of top 5 firms is now equal to 20% of S&P 500; here's why its a bad sign Apr 28, 2020 11:50 AM IST

    M-cap of top 5 firms is now equal to 20% of S&P 500; here's why its a bad sign

    The five companies are Microsoft, Apple, Amazon, Alphabet (Google), and Facebook

  • Titan Company share slips on Goldman Sachs downgrade; target cut to Rs 738 Apr 23, 2020 10:02 AM IST

    Titan Company share slips on Goldman Sachs downgrade; target cut to Rs 738

    Goldman Sachs is of the view that the demand outlook is losing its shine and it sees a significant impact on earnings for Titan as the GDP growth slows.

  • Will cash-rich firms help investors ride out COVID-19 storm? 12 companies worth looking at Apr 20, 2020 01:27 PM IST

    Will cash-rich firms help investors ride out COVID-19 storm? 12 companies worth looking at

    Some part of the money should be allocated to beaten-down sectors that have a high probability of a bounce-back when the lockdown opens and economic activity picks up.

  • Goldman predicts 36% drop in iPhone shipment, says time to sell Apple shares Apr 17, 2020 06:35 PM IST

    Goldman predicts 36% drop in iPhone shipment, says time to sell Apple shares

    The brokerage noted that average selling prices for consumer devices are likely to decline during a recession and remain weak well beyond the point when units recover.

  • Goldman Sachs downgrades India to ‘marketweight’, lowers Nifty target to 9,600 by June 2021 Apr 17, 2020 10:23 AM IST

    Goldman Sachs downgrades India to ‘marketweight’, lowers Nifty target to 9,600 by June 2021

    The US-based investment bank has also lowered the Nifty50 target to 9600 for end-June 2021, from 10,800 levels on lower earnings expectations and a lower target multiple of 15.5X.

  • Goldman Sachs buys shares worth over Rs 176 crore in IndusInd Bank Apr 15, 2020 09:20 PM IST

    Goldman Sachs buys shares worth over Rs 176 crore in IndusInd Bank

    According to the bulk deal data on the National Stock Exchange (NSE), Goldman Sachs (Singapore) Pte-ODI bought 14 lakh shares of the private lender, at an average price of Rs 430.3 apiece.

  • Goldman Sachs still sees crude prices falling after OPEC+ deal Apr 13, 2020 10:35 AM IST

    Goldman Sachs still sees crude prices falling after OPEC+ deal

    Goldman Sachs said on Sunday that the deal between major oil producers to cut output by nearly 10 million barrels per day is 'historic yet insufficient,' adding that no deal would be enough to offset the sharp drop

  • Business Insight | Goldman Sachs expects India’s FY21 real GDP growth at 1.6% Apr 09, 2020 06:48 PM IST

    Business Insight | Goldman Sachs expects India’s FY21 real GDP growth at 1.6%

    In this edition of Business Insight learn why Goldman Sachs expects India’s FY21 GDP to plummet to multi-decade lows.

  • Goldman Sachs says India’s FY21 GDP may plummet to a multi-decade low of 1.6%, the bleakest forecast so far Apr 08, 2020 04:25 PM IST

    Goldman Sachs says India’s FY21 GDP may plummet to a multi-decade low of 1.6%, the bleakest forecast so far

    Many analysts have been doing downward reviews of their forecasts amid coronavirus concerns with some estimating a contraction in the first quarter of the fiscal, but this is the lowest forecast for the year as a whole yet.

  • SoftBank bolsters investment team with ex-Goldman hire Apr 01, 2020 08:50 AM IST

    SoftBank bolsters investment team with ex-Goldman hire

    Souring bets across its portfolio have left SoftBank selling down prime assets and holding back from making new investments. Hoshino is expected to bolster the investment team at a time when CEO Masayoshi Son has received criticism for his top-down investing approach.

  • Goldman Sachs slashes Q2 US GDP estimate further Mar 31, 2020 09:22 PM IST

    Goldman Sachs slashes Q2 US GDP estimate further

    Goldman said it is now forecasting a real GDP quarter-over-quarter decline of 34 percent annualized for the second quarter, compared with its previous estimates for a 6 percent decline and a 24 percent drop.

  • Oil demand to plunge by 10.5 mn bpd in March, more in April: Goldman Sachs Mar 26, 2020 02:55 PM IST

    Oil demand to plunge by 10.5 mn bpd in March, more in April: Goldman Sachs

    "A demand shock of this magnitude will overwhelm any supply response including any potential core-Organization of the Petroleum Exporting Countries output freeze or cut," the investment bank said.

  • Goldman Sachs, PremjiInvest-backed MedPlus prepares for first IPO by a pharmacy chain Mar 24, 2020 12:46 PM IST

    Goldman Sachs, PremjiInvest-backed MedPlus prepares for first IPO by a pharmacy chain

    Another source said MedPlus is looking to raise between Rs 800 crore and Rs 1,000 crore via the IPO

  • Coronavirus pandemic: Goldman Sachs sees 1% drop in global GDP due to "coronacrisis" Mar 23, 2020 01:48 PM IST

    Coronavirus pandemic: Goldman Sachs sees 1% drop in global GDP due to "coronacrisis"

    Global governments have been taking unprecedented measures to contain the coronavirus outbreak which is threatening to spark a worldwide economic contraction.

  • Coronavirus pandemic | Goldman Sachs sees China's economy shrinking 9% in first quarter amid COVID-19 outbreak Mar 17, 2020 05:20 PM IST

    Coronavirus pandemic | Goldman Sachs sees China's economy shrinking 9% in first quarter amid COVID-19 outbreak

    The rising risk of imported cases has prompted some parts of the country to tighten monitoring of foreign travellers, and the Chinese foreign ministry on March 17 advised its citizens to avoid travel to high-risk countries.

  • Goldman Sachs unit in talks to buy stake in Permira: Report Mar 06, 2020 07:35 AM IST

    Goldman Sachs unit in talks to buy stake in Permira: Report

    Petershill, an arm of Goldman that invests in alternative-investment firms, would pay 500 million euros (433.04 million pounds), for a minority stake in Permira, according to the report.

  • Goldman Sachs sees Fed cutting soon, perhaps before March 17-18 meeting Mar 02, 2020 07:48 AM IST

    Goldman Sachs sees Fed cutting soon, perhaps before March 17-18 meeting

    As stock markets sank for a seventh straight day on worries the coronavirus outbreak will hurt the global economy, Fed Chair Jerome Powell on Friday afternoon said the Fed is "closely monitoring" developments and "will use [its] tools and act as appropriate to support the economy."

  • US firms set for zero profit growth this year as virus spreads: Goldman Sachs Feb 27, 2020 09:25 PM IST

    US firms set for zero profit growth this year as virus spreads: Goldman Sachs

    In a note to clients, the bank cut its baseline earnings per share estimate for S&P 500 companies to $165 from $174 in 2020, implying that profits would remain unchanged from a year ago.

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