Jun 27, 2011 10:45 AM IST
David Solomon isn't your typical master of the universe, but he might have what it takes to lead Wall Street's most powerful bank.
- Jun 24, 2011 08:32 AM IST
Goldman Sachs, widely seen as one of the most influential banks in commodities, said Brent crude oil prices could fall by USD 10 to USD 12 a barrel by the end of July after the International Energy Agency (IEA) announced a surprise release of 60 million barrels of oil from member countries.
- Jun 21, 2011 02:00 PM IST
Wall Street bank Goldman Sachs has hired Keshav Sanghi from rival Citigroup as managing director and head of equities in India, according to an internal memo obtained by Reuters on Tuesday.
- Jun 21, 2011 09:18 AM IST
Morgan Stanley maintains an overweight stance on Bharti with a target of Rs 450.
- Jun 17, 2011 11:27 AM IST
Goldman Sachs has downgraded Hindustan Unilever to "sell" from “neutral,” saying it will be difficult for the FMCG company to sustain strong volume growth in a highly competitive environment, while high input costs continue to put pressure on margins.
- Jun 15, 2011 11:33 AM IST
Corporate profit margins in the United States are likely to remain at elevated levels for the foreseeable future, despite concerns about an economic slowdown, former IMF chief economist Raghuram Rajan said on Wednesday.
- Jun 13, 2011 03:53 PM IST
Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings for USD 3.2 billion in stock, creating a specialty insurer and reinsurer with broader reach and product offering.
- Jun 13, 2011 03:12 PM IST
The Goldman Sachs unit picked up 9.1% stake in Max India for about Rs 522 crores (USD 116 million) following conversion of debentures, Mohit Talwar, director, corporate development, told Reuters over the telephone.
- Jun 13, 2011 01:33 PM IST
Max India has alloted 2.4 crore shares nearly 10% equity of the company to Goldman Sachs at Rs 216.75, on conversion of debentures, reports CNBC-TV18. It touched a 52-week high of Rs 183.80. At 13:26 hrs the share was quoting at Rs 180.50, up Rs 13.85, or 8.31%.
- Jun 11, 2011 11:00 AM IST
Goldman Sachs Group Inc and other banks fighting for control of Lehman Brothers Holdings Inc's bankruptcy have joined efforts to avoid sharing information about claims against the failed investment bank.
- Jun 08, 2011 03:00 PM IST
US stock indexes could fall as much as 10% from their May highs, Citigroup's veteran chief US equity strategist said on Tuesday, suggesting that a low in the market might be not far off.
- Jun 08, 2011 11:04 AM IST
Cipla touched an intraday high of Rs 337.35 and an intraday low of Rs 335.05. At 11:00 hrs the share was quoting at Rs 335.10, down Rs 2.75, or 0.81%. Goldman Sachs reiterates sell on Cipla, cuts target to Rs 244 from Rs 253, reports CNBC-TV18.
- Jun 08, 2011 10:26 AM IST
Sun Pharmaceutical Industries touched an intraday high of Rs 491.00 and an intraday low of Rs 481.05. At 10:21 hrs the share was quoting at Rs 481.90, down Rs 8.45, or 1.72%. Goldman Sachs reiterates sell on Sun Pharma, ups target to Rs 327 from Rs 308, reports CNBC-TV18.
- Jun 07, 2011 03:05 PM IST
Goldman Sachs Group Inc agreed to sell its beleaguered mortgage servicing unit for just over USD 600 million, putting an end to its ill-timed 3-1/2 year foray into a controversial corner of the US housing market.
- Jun 07, 2011 08:15 AM IST
A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, over trades revealed in civil and criminal insider trading cases against Gupta and convicted Galleon hedge fund founder Raj Rajaratnam.
- Jun 06, 2011 02:51 PM IST
Goldman Sachs Group Inc could release documents to counter a Senate subcommittee report that said the bank misled clients about mortgage-linked securities, the Wall Street Journal reported, citing people familiar with the matter.
- Jun 06, 2011 11:50 AM IST
Italian fashion house Prada could raise up to USD 2.6 billion in an initial public offering in Hong Kong, setting a valuation for the maker of Miu Miu dresses higher than its European peers.
- Jun 04, 2011 09:24 AM IST
Indian financial services firm Infrastructure Development Finance Company said on Friday it, along with Malaysia's Khazanah, will form an infrastructure development joint venture with focus on road projects in India.
- Jun 03, 2011 07:21 AM IST
New York prosecutors have asked Goldman Sachs to explain its behavior in the run-up to the financial crisis, the latest investigation that has cast a pall over the reputation of the largest US investment bank.
- Jun 03, 2011 07:21 AM IST
Vangent Inc, which provides consulting services to governments, has hired bankers to sell itself in a deal that could fetch roughly USD 1 billion, four people familiar with the matter said on Thursday.
- Jun 02, 2011 01:10 PM IST
Does the recent weakness in shares of leading automobile companies represent a good buying opportunity? Check out Goldman Sachs analysts Sandeep Pandya and Ankit Mehrotra’s thoughts on the sector, following tepid May sales reported by most auto makers.
- Jun 02, 2011 12:46 PM IST
After posting a dismal fourth quarter performance, State Bank of India hosted an analyst meet to clear the air about a lot of issues and all foreign brokerages have published a note. CNBC-TV18’s Avni Raja reports on the key takeaways.
- Jun 01, 2011 01:20 PM IST
Max India touched an intraday high of Rs 169.25 and an intraday low of Rs 163.05. At 13:15 hrs the share was quoting at Rs 163.90, down Rs 4.30, or 2.56%. Goldman Sachs has removed Max India from Asia Pacific Conviction buy list. It has downgraded Max India to neutral from buy, reports CNBC-TV18.
- Jun 01, 2011 07:58 AM IST
With higher rates, increasing oil prices and the impact on capex, we continue to expect GDP growth to slow further in FY12, says Tushar Poddar of Goldman Sachs.
- May 31, 2011 12:10 PM IST
Goldman Sachs invested more than USD 1.3 billion from Libya's sovereign-wealth fund in currency bets and other trades in 2008 and the investment lost more than 98% of its value, the Wall Street Journal reported, citing internal Goldman documents.