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Goldman Sachs News
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.
11 May 2018
Apple, Goldman Sachs may launch credit card next year
For Apple, the move is expected to increase user adoption of Apple Pay.
World's 500 richest people
03 Mar 2018
World's 500 richest people have lost combined USD 107 billion this week
Facebook CEO Mark Zuckerberg faced the biggest fall after losing 3.2 billion USD as large cap stocks disappointed for a fourth straight day.
15 Jan 2018
Xiaomi mandates Citic Securities, Morgan Stanley, Goldman Sachs for IPO
The smartphone maker last month told bankers that it would beat its 2017 sales targets by up to 18 percent.
05 Dec 2017
Goldman Sachs, Standard Chartered eye 750 new jobs in Poland
A spokesman for Goldman Sachs said the bank would sharply increase its Polish headcount to between 750 and 800 by the end of next year, up from 525 now.
ICICI Lombard General Insurance
14 Sep 2017
ICICI Lombard mops up Rs 1,625 crore from anchor investors
Nomura, Abu Dhabi Investment Authority, Kuwait Investment, Goldman Sachs, Reliance Nippon, DSP BlackRock and Franklin Templeton are among the anchor investors.
09 Apr 2017
China's GDP to grow 6.8% in Q1: Goldman Sachs
China`s economy will remain solid in the first quarter of 2017, growing 6.8 percent from a year earlier, Goldman Sachs forecast.
Union Budget 2017-18
23 Jan 2017
Measures to support growth likely in budget: Goldman Sachs
The forthcoming Union Budget 2017-18 is likely to spell out measures to boost demand, with key spending themes likely to be 'rural spending' and 'greater capital spending', says a report.
17 Nov 2016
Rajat Gupta assumes new role as Chairman of US-based non-profit organisation
India-born former Goldman Sachs Director Rajat Gupta has assumed a new role as Chairman of a US-based non-profit organisation, a gradual return to a normal life after completing a two-year prison term on insider trading charges.
11 Nov 2016
Note clampdown positive for liquidity, fiscal maths: Goldman Sachs
In a bid to fight against black money, fake currency, corruption and terror financing, Prime Minister Narendra Modi announced demonetisation of Rs 1,000 and Rs 500 notes on Tuesday night.
17 Oct 2016
Goldman Sachs Asia chairman to step down
Goldman Sachs is losing an architect of its Asia-Pacific division at the same time it confronts slowing activity in the region and a probe over its dealings in Malaysia.
17 Oct 2016
Ecuador cuts Julian Assange's Internet access: WikiLeaks
WikiLeaks has been one of the most prominent Internet outlets to post and promote hacked Democratic Party materials.
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