Goldman Sachs: News

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.

Goldman Sachs lowers India's GDP forecast for 2023 to 5.9%

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.

Apple Card finally starts rolling out: Here's how to apply

Apple's first-ever credit card offering, the Apple Card, has finally started rolling out.

Confirmed: Apple Card is launching in coming weeks

Apple's first credit card offering, the Apple Card, will be launching in a matter of weeks.

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.

Billionaire tells 400 college grads he'll pay their student loans

The graduating class at Morehouse College was left pleasantly surprised when the speaker at their commencement ceremony paid off their student loans, estimated up to $40 million!

IIT Madras registers 15% increase in placement offers, breaks record

The Indian Institute of Technology (IIT) Madras has concluded the campus placements for the session 2018-19 and recorded an increase of 15%, which is an all-time high.

Everything you need to know about Apple's new credit card

At yesterday's 'Special Event' in California, Apple debuted some pretty interesting services, including its first-ever consumer credit card.

What to expect from Apple's March 25th 'Show Time' event

On Monday, March 25, Apple will host a special event where it is likely to announce its long-awaited video streaming service.

Soon, you could get new 'clarify' option for tweets

Twitter CEO Jack Dorsey has suggested another alternative for the long-awaited 'edit' button.

Know all about Anand Piramal, Mukesh Ambani's son-in-law

Isha Ambani and Anand Piramal are all set to be married on December 12.

Four Indian-origin women among Forbes' top American women in technology

Four Indian-origin women - Padmasree Warrior, Komal Mangtani, Neha Narkhede, and Kamakshi Sivaramakrishnan - have been named by Forbes magazine in the 2018 list of the 'Top Women in Technology' in the US.

Five people on shortlist to replace Haley as UN-ambassador: Trump

US President Donald Trump has said he has five persons in mind, including his former Deputy National Security Adviser Dina Powell, to replace Nikki Haley as the US Ambassador to the UN.

#CareerBytes: Top 6 IITs and their placement numbers this season

The Indian Institutes of Technology (IITs) are the most premier public institutes offering the best engineering and technology education in India.

#CareerBytes: Top 6 IITs and their placement numbers this season

The Indian Institutes of Technology (IITs) are the most premier public institutes offering the best engineering and technology education in India.

India offers the best and worst returns in banking

The Indian banking sector is increasingly becoming characterized by contradictory elements.

Know all about Anand Piramal, Mukesh Ambani's son-in-law

Ever since the wedding of Isha Ambani and Anand Piramal has been confirmed, people are yearning to know the future son-in-law of the country's richest man.

Xiaomi files for the biggest Chinese tech IPO since 2014

Chinese consumer electronics company Xiaomi has filed for an initial public offering (IPO) in Hong Kong Exchanges and Clearing (HKEX).

IIM-Indore placements: Highest package touches Rs. 63.45LPA

IIM-Indore has completed its placement session for the 2016-18 batches.

TV pundit Larry Kudlow named Trump's new Economic Advisor

The White House said on Thursday said that Larry Kudlow, a conservative media analyst, has accepted the position as the new chief economic advisor to President Donald Trump.

Home-rental startup NestAway raises Rs. 333cr from Goldman Sachs, others

Bengaluru-based online home-rental network NestAway Technologies has raised $51mn (Rs. 333.1cr) from investors including Goldman Sachs and a joint venture firm of noted industrialist Ratan Tata.

Dropbox files for IPO, to raise $500 million

File syncing service Dropbox has filed for an initial public offering (IPO).

5 reasons why Bitcoin's value will decrease in 2018

Bitcoin garnered a lot of attention last year when it started at $963.38 and reached $19,870.62 by December'17.

Bad news, Jio users! Another tariff hike likely in January

Reliance Jio users may have to pay more for data services as the telco is likely to increase tariffs every few months, says US-based Goldman Sachs.

Jio raises prices: The end of the telecom wars?

Jio has raised the price of its popular 399 plan. Whereas earlier, customers got unlimited calling, 1GB/day and bundled SMS for 84 days, now you will get the same for Rs. 459.

Is the US drug crisis linked to 'jobs market'?

Amid US's major opioid crisis, Federal Reserve Chief, Janet Yellen suggested that the crisis may be linked to a decline in the number of working Americans or those looking for work.

Trump doesn't want poor person running the US economy

US President Donald Trump said he wouldn't want to give a Cabinet position related to economic policy to a poor person.

Uber's new enterprise-ready service

Uber has launched a brand new feature to its services dubbed as 'Uber Central' which the firm claims will be beneficial for business enterprises or organizations.

7 Indian start-ups showcase their mettle on demo day

One of the most influential accelerators, Y Combinator hosts a demo day twice a year, where its latest batch of funded start-ups showcase themselves in front of Silicon Valley investors, founders and press.

Tata Motors, Volkswagen sign deal to jointly develop vehicles

Indian auto company Tata Motors signed a memorandum of understanding (MoU) with German automaker Volkswagen today to develop vehicles for India's domestic market.

Indian techie sells company for $3.7bn to Cisco

Jyoti Bansal, an IIT Delhi alumnus, has sold his company AppDynamics to Cisco for $3.7 billion.

Deutsche Bank reaches $7.2 billion settlement with US regulators

Deutsche Bank has reached a settlement of $7.2 billion with the Department of Justice in the US (DoJ) over an investigation into the mortgage-backed securities.

Mumbai: City where the money keeps pouring in

Demonetization has resulted in massive gains for LIC; it sold its most expensive policy of Rs.50 crore for the first time.

Trump to give up business completely

President-elect Donald Trump announced that he'd be leaving his business empire before taking on the presidency.

Alibaba's Singles' Day clocks over $5 billion in one hour

Alibaba Group's 'Singles' Day', a 24-hour shopping event held annually, garnered the online retail giant over $5 billion during the first hour of the shopping spree.

Furniture rental start-up Furlenco raises $30 million

Furlenco has raised fresh funds amounting to nearly $30 million, which includes both debt and equity.

Telenor and Tikona in discussions to merge

Norwegian company, Telenor is in discussions with Tikona Digital to merge their broadband spectrum business.

Goldman Sachs increases stake in DEN Networks by 6.7%

Investment banking giant Goldman Sachs increased its controlling stake in Indian cable network company DEN Networks.

Jet.com to be acquired by Walmart for $3bn in cash

Walmart will be acquiring Jet.com — an online-only shopping site for $3 billion in cash, plus up to $300 million in shares.