Apr 08, 2020 04:25 PM IST
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.
- Apr 01, 2020 08:50 AM IST
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.
- Mar 31, 2020 09:22 PM IST
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.
- Mar 26, 2020 02:55 PM IST
"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.
- Mar 24, 2020 12:46 PM IST
Another source said MedPlus is looking to raise between Rs 800 crore and Rs 1,000 crore via the IPO
- Mar 23, 2020 01:48 PM IST
Global governments have been taking unprecedented measures to contain the coronavirus outbreak which is threatening to spark a worldwide economic contraction.
- Mar 17, 2020 05:20 PM IST
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.
- Mar 06, 2020 07:35 AM IST
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.
- Mar 02, 2020 07:48 AM IST
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."
- Feb 27, 2020 09:25 PM IST
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.
- Feb 23, 2020 03:59 PM IST
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.
- Feb 14, 2020 09:33 PM IST
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.
- Feb 07, 2020 09:48 AM IST
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.
- Jan 31, 2020 02:20 PM IST
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".
- Jan 07, 2020 08:35 PM IST
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.
- Dec 18, 2019 12:20 PM IST
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.
- Oct 22, 2019 12:17 PM IST
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.
- Oct 17, 2019 03:06 PM IST
Malaysian and US investigators say about $4.5 billion was misappropriated from the now-defunct state investment fund 1Malaysia Development Berhad.
- Oct 17, 2019 02:44 PM IST
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.
- Oct 15, 2019 10:52 PM IST
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
- Sep 30, 2019 04:55 PM IST
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.
- Sep 17, 2019 12:35 PM IST
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.
- Sep 10, 2019 03:59 PM IST
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.
- Sep 10, 2019 03:00 PM IST
Other banks, including Morgan Stanley and Barclays, have also flagged risks to oil demand as a result of economic uncertainties.
- Aug 27, 2019 10:32 PM IST
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.