Goldman Sachs: News
Ex-UK PM Rishi Sunak rejoins Goldman Sachs as senior adviser
Former UK Prime Minister Rishi Sunak is returning to Goldman Sachs as a senior adviser.
IndusInd Bank shares crash 3.5% today: Here we decode why
Shares of IndusInd Bank plunged by a whopping 3.5% today, making it the biggest loser on the Nifty index.
Biocon wants to raise ₹4,500cr via QIP this week
Biocon Ltd, the bio-pharmaceutical giant led by Kiran Mazumdar-Shaw, is gearing up to launch its proposed Qualified Institutional Placement (QIP) very soon.
Explained: How the $1,000-per-baby 'Trump accounts' would work
On Monday, United States President Donald Trump announced a federal program that will give $1,000 government-funded investment accounts for every American baby born between January 1, 2025, and December 31, 2028.
Flipkart to exit from Aditya Birla Fashion and Retail: Report
Walmart-owned Flipkart is planning to sell its entire 6% stake in Aditya Birla Fashion and Retail Ltd (ABFRL) through a block deal.
RBI cuts India's GDP growth forecast amid Trump's tariff tensions
The Reserve Bank of India (RBI) has cut its GDP growth forecast for the ongoing fiscal year by 20 basis points to 6.5%.
US recession risk surges to 45% amid Trump's tariff turmoil
Goldman Sachs economists, led by Jan Hatzius, have raised the odds of a US recession to 45% from 35% previously. The revision comes after the Trump administration's tariff announcement last week.
Visa wants to replace Mastercard as Apple's credit card partner
In a major move, Visa has placed a bid of around $100 million to take over Mastercard as the credit card partner for Apple's Apple Card.
Indian IT stocks downgraded by 30%: Here's why
Goldman Sachs, a leading global brokerage firm, has cut target prices for Indian IT stocks by 3%-32%.
Mark Carney set to replace Justin Trudeau as Canadian PM
Mark Carney has won Canada's Liberal Party leadership contest and will take over from Justin Trudeau as the country's PM.
Goldman Sachs downgrades BSE's stock price target for 2nd time
Global investment bank, Goldman Sachs, has revised its stock price target for BSE Ltd. This is the second adjustment in a week.
Trump pauses enforcement of law banning bribery of foreign officials
President Donald Trump has signed an executive order to temporarily suspend the enforcement of the Foreign Corrupt Practices Act (FCPA).
Goldman employees unhappy with low bonuses after CEO's $39M payout
Goldman Sachs employees are unhappy with their end-of-year bonuses, which they deem insufficient.
PharmEasy's 4 out of 5 co-founders are exiting the company
Dharmil Sheth, Dhaval Shah, Harsh Parekh, and Hardik Dedhia have announced their exit from API Holdings, the parent company of online pharmacy PharmEasy.
AI can draft 95% of IPO prospectus: Goldman Sachs CEO
In a bold claim, Goldman Sachs CEO David Solomon has said that artificial intelligence (AI) can draft an IPO (initial public offering) prospectus.
Edtech giant PhysicsWallah plans $500M IPO, eyes $5B valuation
Indian edtech giant, PhysicsWallah, is gearing up for an Initial Public Offering (IPO) in the next four to six months.
Why JPMorgan and Citigroup are suing US Federal Reserve
Several leading US banks and business associations have sued the US Federal Reserve, contesting the existing annual bank stress test processes.
US Federal Reserve may skip cutting interest rates in January
Goldman Sachs economists have predicted that the US Federal Reserve will signal a slowdown in its easing pace at the next meeting.
RBI maintains repo rate at 6.5% amid inflation, growth concerns
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has opted to keep the repo rate unchanged at 6.5% for the 11th consecutive meeting.
Boat sets sail for IPO in 2025, targets $300-500M raise
Boat, one of the leading Indian brands in the wearable and audio space, is gearing up for an initial public offering (IPO) next year.
Apple, Goldman Sachs fined $89M for misleading Apple Card users
The Consumer Financial Protection Bureau (CFPB) has fined tech giant Apple and financial institution Goldman Sachs a whopping $89 million.
Why Goldman Sachs has downgraded Indian equities and Nifty's target
Goldman Sachs, a leading global brokerage firm, has tactically downgraded Indian equities from 'overweight' to 'neutral.'
Research shows how much people trust AI with financial decisions
Artificial intelligence (AI) is being increasingly used by leading banks and investment firms to offer financial advice, and predict market trends.
Is US out of recession risk? Goldman Sachs weighs in
Goldman Sachs has cut the probability of the United States entering a recession in the next year from 20% to 15%.
'Buy' rating, 50% upside: Goldman Sachs bullish on Ola Electric
Goldman Sachs, a leading global investment banking firm, has projected a significant growth trajectory for Ola Electric over the next three years.
Vi shares crash after Goldman Sachs downgrades price by 83%
Vodafone Idea's shares experienced a significant drop of 14% on Friday, falling to ₹12.91 from the previous day's closing price of ₹15.09.
Goldman Sachs to lay off up to 1,800 employees: Report
Goldman Sachs is planning to lay off between 3% and 4% of its workforce, as part of its annual review process, as per WSJ.
Indian-American CEO Rishi Shah jailed for $1 billion fraud
Rishi Shah, the ex-billionaire co-founder of Outcome Health, has been sentenced to seven and a half years in prison, following his conviction on over a dozen charges of fraud and money laundering.
OpenAI expands team with CFO Sarah Friar, CPO Kevin Weil
OpenAI, a leading artificial intelligence company, has announced the appointment of two new executives to its leadership team.
Blinkit more valuable than Zomato's food delivery business: Goldman Sachs
Goldman Sachs, a leading brokerage firm, has revealed that the value of Zomato's quick commerce venture, Blinkit, has exceeded its main food delivery business.
India's economy to grow above 6% this decade: Goldman Sachs
Goldman Sachs's India economist, Santanu Sengupta, predicts that India's economic growth could surpass 6% for the remainder of the decade.
Goldman Sachs raises its Nifty50 target to 23,500 for 2024
Goldman Sachs has updated its Nifty50 forecast, predicting a target of 23,500 by the end of 2024.
Goldman Sachs lowers India's CAD forecast to 1.3%: Here's why
Goldman Sachs has lowered India's current account deficit (CAD) forecast for 2024 to 1.3% of GDP, down from the previous 1.9%, due to reduced oil prices and higher-than-anticipated services exports.
Goldman Sachs expands credit business in India: Here's why
Goldman Sachs is gearing up to broaden its credit business in India, reported Bloomberg.
Apple and Goldman Sachs end credit card partnership: Here's why
Apple has decided to end its credit card partnership with Goldman Sachs within the next 12 to 15 months, reports The Wall Street Journal (WSJ).
Who is Mira Murati, OpenAI's interim CEO replacing Sam Altman
Mira Murati was appointed as the interim Chief Executive Officer (CEO) of OpenAI on Friday after the company's board fired its co-founder, Sam Altman, as they lost confidence in his ability to lead the company.
Goldman Sachs predicts Indian government will curb investments
Goldman Sachs forecasts a decrease in the Indian government's investment spending in the coming years as it works to reduce its budget deficit.
Goldman Sachs set to axe underperformers in late October
Goldman Sachs plans to cut jobs in its investment banking and trading sections for workers who are deemed underperformers, as part of its yearly performance review process.
AI investments to reach $200 billion by 2025: Goldman Sachs
Goldman Sachs predicts that AI investments could skyrocket to $200 billion globally by 2025.
Apple CEO Tim Cook denied Apple credit card, here's why
Tim Cook, the big boss of Apple, decided to test out the brand-new Apple Card before it hit the market in August 2019.
Goldman Sachs warns AI could wipe out 70% of jobs
We are officially in the age of artificial intelligence (AI). The revolution started by ChatGPT is spreading like wildfire and is rapidly engulfing different fields.
Consulting giant McKinsey plans to layoff 2,000 employees
McKinsey & Company is known for devising plans for its clients to cut their employees. Now, it seems the management consultancy is conceiving a plan to cut its own employees.
Goldman Sachs to fire 3,200 employees this week
Banking and investment giant Goldman Sachs is gearing up for one of its biggest rounds of job cuts. The company is planning to eliminate around 3,200 roles, as per Bloomberg.
Goldman Sachs to layoff 4,000 'low performing' employees
Goldman Sachs, one of the leading global investment banking, securities, and investment management firms, is planning to lay off as many as 4,000 employees.
After JPMorgan, Goldman Sachs warns of recession in 2023
Wall Street's biggest banks agree that the dark clouds of recession are on the horizon. David Solomon, the CEO of Goldman Sachs, is the latest entrant into the list of executives who believe recession is just around the corner.
How Apple is assuming banking tasks with Pay Later service
Apple announced its buy now, pay later (BNPL) service, Pay Later, at the recently concluded Worldwide Developers Conference (WWDC). The tech giant has now said that it plans to fund the service by itself.
Apple Card doesn't discriminate against women, investigation reveals
What do air conditioning, the Dalai Lama, HIV, chess, head injuries, climate change, beer, science, and meritocracy have in common? All of these were considered sexist in the crazy ride that was the last decade.
Dailyhunt is now a unicorn, receives $100 million funding
VerSe Innovation, the parent company of local language news aggregator Dailyhunt, has received more than $100 million in funding from tech giants Google, Microsoft, and Falcon Edge's Alpha Wave Incubation
Amid coronavirus pandemic, MTV VMA 2020 to be held outdoors
Take a note, folks! Due to the threat posed by the novel coronavirus, the MTV Video Music Awards 2020 will happen outdoors.
Coronavirus: Goldman Sachs says face masks can save US economy
Destroyed by the coronavirus pandemic, the United States can save itself by following one small practice — wearing masks. Leading investment bank Goldman Sachs declared that masks can not only save lives but rescue the economy too.
Coronavirus: Italy records second-deadliest day with 743 new deaths
After a two-day consecutive drop in the number of coronavirus-related deaths, Italy hoped that the worst was over.
Online beauty store Purplle raises $8 million in funding
In a new development, Purplle, a Mumbai-based e-commerce company dealing in beauty and personal care products, has raised $8 million.
IIT-Delhi witnesses record high placement offers on Day 1
The final placement season at IIT-Delhi is off to a great start as the institute witnessed the highest ever number of offers on the first day.
Apple Card issuer accused of conducting sexist credit checks
In a major shocker, Goldman Sachs, the issuer of Apple card and a leading multinational bank, has been accused of gender discrimination.
IIM graduates who left cushy jobs to follow their passion
The Indian Institutes of Management (IIMs) are the most sought-after business schools in the country that provide quality management education.
Goldman VP tricks juniors, steals Rs. 38cr to pay poker-debt
On Tuesday, Bengaluru Police arrested a senior executive of Goldman Sachs for allegedly swindling the firm of Rs. 38 crore after incurring losses while playing online poker.
Apple says its credit card shouldn't touch anything. Bravo?
Just a few days after releasing its first-ever credit card in the US, Apple is facing flak for its build quality.