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  • 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.

  • RattanIndia seeks Rs 500 cr from lenders to restart Nashik plant Feb 23, 2020 03:59 PM IST

    RattanIndia seeks Rs 500 cr from lenders to restart Nashik plant

    The company is looking at resuming operations as it has received an LoI (letter of intent) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a 25-year power purchase agreement to supply 507 megawatts.

  • Goldman Sachs invests Rs 610 crore in Gurgaon-based Vatika Group Feb 14, 2020 09:33 PM IST

    Goldman Sachs invests Rs 610 crore in Gurgaon-based Vatika Group

    In the past, Goldman Sachs had invested Rs 100 crore in 2007 towards Vatika Business Park and Rs 255 crore in 2014 in Vatika Hotels.

  • Goldman Sachs to raise $8 billion for new buyout fund: Sources Feb 07, 2020 09:48 AM IST

    Goldman Sachs to raise $8 billion for new buyout fund: Sources

    Undeterred by a coronovirus epidemic in China that has cast a shadow over the global economy, the Wall Street heavyweight will kick off the fundraising next week via its private equity arm West Street Capital Partners, said the people.

  • Goldman Sachs says virus outbreak to hit US and China growth Jan 31, 2020 02:20 PM IST

    Goldman Sachs says virus outbreak to hit US and China growth

    The bank estimates a 0.4 percentage-point hit to the U.S. economy in the first quarter, but said growth would likely rebound in the following quarter "leaving only a small net drag on U.S. full-year 2020 growth".

  • Goldman Sachs shakes up business units in push for more transparency Jan 07, 2020 08:35 PM IST

    Goldman Sachs shakes up business units in push for more transparency

    The latest changes are part of a broader strategic overhaul under Chief Executive Officer David Solomon, who is looking to build a bigger consumer business to shield revenue from wild swings in financial markets that have pressured its trading arm.

  • WeWork arranges $1.75 billion credit line with Goldman Sachs Dec 18, 2019 12:20 PM IST

    WeWork arranges $1.75 billion credit line with Goldman Sachs

    The credit line is part of SoftBank Group Corp's $9.5 billion bailout that was announced in October when money-losing WeWork was on the brink of running out of cash after its plans to go public were abruptly withdrawn a month earlier.

  • Goldman Sachs lowers 2020 US shale oil output growth forecast Oct 22, 2019 12:17 PM IST

    Goldman Sachs lowers 2020 US shale oil output growth forecast

    It also forecast supply growth from major oil producing non-OPEC regions, outside of shale, of 1.4 million bpd in 2020, falling sharply to 0.2 million bpd in 2021 and 0.3 million bpd in 2022.

  • Malaysia, Goldman Sachs discuss dropping charges over 1MDB: Report Oct 17, 2019 03:06 PM IST

    Malaysia, Goldman Sachs discuss dropping charges over 1MDB: Report

    Malaysian and US investigators say about $4.5 billion was misappropriated from the now-defunct state investment fund 1Malaysia Development Berhad.

  • Goldman Sachs says present economic crisis bigger than that of 2008 as slump more protracted now Oct 17, 2019 02:44 PM IST

    Goldman Sachs says present economic crisis bigger than that of 2008 as slump more protracted now

    Many people attribute the deepening slowdown in consumption to the NBFC crisis that began in September 2018 when IL&FS went belly up following which consumption financing--a forte of shadow banks, stopped with a chill in disbursements by these players.

  • Goldman profit slammed by souring WeWork, Uber bets Oct 15, 2019 10:52 PM IST

    Goldman profit slammed by souring WeWork, Uber bets

    The bank's shares slipped nearly 3 percent as revenue at three of its four major businesses fell, including a 15 percent drop in investment banking revenue because of lower advisory and underwriting fees

  • RBI likely to reduce repo rates by 25 bps on October 4: Goldman Sachs Sep 30, 2019 04:55 PM IST

    RBI likely to reduce repo rates by 25 bps on October 4: Goldman Sachs

    According to the global financial services major, the RBI is likely to cut policy rate by 25 bps in October, and another 25 bps in December.

  • Crude oil spikes; what should investors do with BPCL, HPCL, IOC, ONGC & Gail? Sep 17, 2019 12:35 PM IST

    Crude oil spikes; what should investors do with BPCL, HPCL, IOC, ONGC & Gail?

    Any further rise in crude prices may have an impact on the fiscal deficit situation of India amid fall in rupee against the US Dollar.

  • Goldman Sachs VP Ashwani Jhunjhunwala arrested for allegedly swindling firm of Rs 38cr to pay off poker debt Sep 10, 2019 03:59 PM IST

    Goldman Sachs VP Ashwani Jhunjhunwala arrested for allegedly swindling firm of Rs 38cr to pay off poker debt

    Ashwani Jhunjhunwala, the firm's vice president, has been arrested and will be produced in court, deputy commissioner of police of Whitefield M N Anucheth told PTI.

  • Goldman Sachs cuts 2019 oil demand growth forecast to 1 million bpd Sep 10, 2019 03:00 PM IST

    Goldman Sachs cuts 2019 oil demand growth forecast to 1 million bpd

    Other banks, including Morgan Stanley and Barclays, have also flagged risks to oil demand as a result of economic uncertainties.

  • US appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore Aug 27, 2019 10:32 PM IST

    US appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore

    In a 3-0 decision, the 2nd US Circuit Court of Appeals in Manhattan said a federal judge erred in dismissing antitrust claims by 'direct' purchasers of aluminum such as Novelis, and by other purchasers including Eastman Kodak, Fujifilm and Reynolds Consumer Products.

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