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Goldman Sachs News

24 Nov 2024

Goldman Sachs Projects India's GDP Growth At 6.3 Per Cent In 2025

Goldman Sachs forecast India's headline inflation at 4.2 per cent (average) in 2025 with food inflation at 4.6 per cent.

08 Nov 2024

200 Indian Women Entrepreneurs Set To Raise Rs 850 Cr From Investors

According to Union Minister for Commerce and Industry Piyush Goyal, the 'Goldman Sachs 10,000 Women' initiative highlights the untapped potential in women.

31 Aug 2024

Goldman Sachs To Cut Up To 1,800 Jobs In Annual Review Process: Report

The layoffs which has already begun are expected to affect multiple divisions within Goldman sachs, according to the report.

26 Apr 2024

Blinkit Now More Valuable Than Zomato’s Core Food Business: Report

Since Zomato acquired Blinkit for 568 million dollars in 2022, the hyper-local delivery company's implied valuation has surged to 13 billion dollars for its improved performance

14 Apr 2024

Retail Buying In Asia Including India Fuels Gold Price Momentum: Goldman Sachs

In India, both gold and Sensex has surpassed the magical 75,000 figure.

20 Feb 2024

Whirlpool Likely To Sell 24% Stake In Indian Unit Via Block Deal: Report

According to a report from Reuters, the deal is expected to be valued at approximately $450 million.

06 Sep 2023

Ex-Worker Sues Goldman Sachs, Claims His Role Caused 'Mental Health' Issues

Ian Dodd, 55, former global head of recruiting at Goldman Sachs International, is suing the bank for one million pounds in London, according to court documents seen by the Financial Times.

23 Jun 2023

Ex-Goldman Sachs Banker Brijesh Goel Convicted Of Insider Trading

He is scheduled to be sentenced on October 19, the US Attorney for the Southern District of New York announced.

18 Jan 2023

Goldman Sachs lays off 3,000 staff after calling them for '7.30 a.m. meeting'

The New York Post reported that Goldman Sachs' CEO David Solomon "e-mailed calendar invites that called targeted employees to phony 'business meetings' at its New York headquarters" last week.

17 Jan 2023

Goldman Sachs calls employees at 7:30 am morning for meeting and fires them

Goldman Sachs sacked more than 3,000 employees in disguise of business meetings as early as 7.30 a.m: Report. Once the employees arrived at the conference room -- some as early as 7.30 a.m. -- they were told by their managers that they were being fired. Those sacked were given the choice to leave the office immediately or wait for colleagues to arrive so they could say goodbye.

12 Jan 2023

Budget 2023: Modi govt's budget to focus on THESE sector: Goldman Sachs

The Indian Union budget will be presented on February 1.

03 Oct 2022

RBI move to link credit cards to UPI will benefit fintech like Paytm

The brokerage said Paytm`s payments vertical will particularly benefit from RBI`s proposal due to higher usage of merchant discount rate (MDR)-bearing credit cards through UPI. Citi also said that the shift from debit/bank account to credit cards may improve the monetisation of UPI payments.

14 Sep 2022

Wall Street behemoth Goldman Sachs expected to layoff hundreds: Check details

Goldman Sachs may layoff hundreds of workers, according to a report by local media. The company saw reduced profits in an earning report in July. It reported 48 % slump in its 2nd quarter profit as its clients face inflation, rising interest rates, pandemic, etc.

16 May 2022

THIS company to allow unlimited annual leave for senior employees

Junior employees' vacation time is still limited as they will be given at least two additional days off each year. All Goldman workers will be expected to take three weeks off per year. At least one week of uninterrupted vacation is required.

18 May 2020

Warren Buffett's Berkshire slashes Goldman Sachs stake

In a regulatory filing detailing its U.S.-listed investments as of March 31, Berkshire said its Goldman stake fell 84% to 1.9 million shares, from 12 million at year-end, with the stake’s market value dropping to $297 million from $2.76 billion.

11 Sep 2019

Goldman Sachs sacks India V-P for Rs 38 crore fraud

The police arrested Jhunjunwala under section 420 of the Indian Penal Code (IPC) on a complaint by the company's Indian subsidiary for reportedly siphoning off funds fraudulently.

28 Aug 2019

`Indian economy to recover mildly from economic slowdown by March 2020`

Goldman Sachs further said it expects a moderate pick-up in economic activity.

general election 2019

21 May 2019

New govt to focus on land, labour reforms, export promotion: Report

Most exit polls have predicted a sweeping victory for the BJP-led National Democratic Alliance (NDA), which is expected to win over 300 seats in the election.

08 Oct 2018

RBI to raise policy rates by 25 bps in first quarter of 2019: Goldman

The Reserve Bank Friday maintained status quo on the benchmark interest rate but warned that volatile and rising oil prices, and tightening of global financial conditions pose substantial risks to the growth and inflation.

31 May 2018

Goldman Sachs vice president charged with insider trading

The US Securities and Exchange Commission on Thursday charged a vice president at Goldman Sachs Group Inc with insider trading.

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