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Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage Goldman Sachs sees revenue growth for India's IT sector companies picking up, driven by pent-up demand for IT services and the impact of adopting generative artificial intelligence (AI) tech. The Wall Street bank forecast a 9%-10% revenue growth from 2025, saying the market could be under-appreciating the sector's upside, even though near-term revenue is likely to remain "muted". "Indian IT services companies have doubled their market share in the last 10 years,&q...
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage
Source: Reuters
23/08/2023 12:30:21 PM
Asia suffers China blues; dollar hits 2023 top on yen Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields lifted the dollar to a 2023 peak on the embattled yen. Geopolitics was an added worry after a Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea, heralding a new stage of the war that could impact on oil and food prices. MSCI's broadest index of Asia-Pacific shares o...
Asia suffers China blues; dollar hits 2023 top on yen
Asia suffers China blues; dollar hits 2023 top on yen
Source: Reuters
14/08/2023 8:46:03 AM
Apple Card`s savings account reaches over $10 bn in deposits  Apple Card’s high-yield savings account by Goldman Sachs has seen more than $10 billion in deposits since launching in April, the tech giant has announced. The savings account from Goldman Sachs offers a high-yield annual percentage yield (APY) of 4.15 per cent. “With no fees, no minimum deposits, and no minimum balance requirements, Savings provides an easy way for users to save money every day, and we’re thrilled to see the excellent reception from customers bo...
Apple Card`s savings account reaches over $10 bn in deposits
Apple Card`s savings account reaches over $10 bn in deposits
Source: IANS
3/08/2023 11:26:52 AM
Oil on track for biggest monthly gains in over a year Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. Brent crude futures dipped 9 cents to $84.90 a barrel by 0005 GMT while U.S. West Texas Intermediate crude was at $80.41 a barrel, down 17 cents. The September Brent contract will expire later on Monday. The more active October contract was at $84.23 a barrel, down 18 cen...
Oil on track for biggest monthly gains in over a year
Oil on track for biggest monthly gains in over a year
Source: Reuters
31/07/2023 9:03:17 AM
Stocks mixed, sterling weighed as UK inflation slows Stock markets were mixed on Wednesday with growth concerns dragging down China while elsewhere futures rose after British inflation came in surprisingly soft for once and U.S. data stoked hopes the world's biggest economy can avoid recession. Headline British CPI fell to 7.9% year-on-year in June, against expectations for 8.2%. Core inflation fell to 6.9% from a three-decade peak of 7.1%. Sterling dropped 0.6% to $1.2962 and FTSE futures rose 0.5%. Earlier MSCI's broadest index ...
Stocks mixed, sterling weighed as UK inflation slows
Stocks mixed, sterling weighed as UK inflation slows
Source: Reuters
19/07/2023 12:54:05 PM
Oil jumps 2% on Saudi plan to deepen output cuts from July  Oil prices jumped more than $1 a barrel on Monday after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets. Brent crude futures were at $77.64 a barrel, up $1.51, or 2%, at 0014 GMT after earlier hitting a session-high of $78.73 a barrel. U.S. West Texas Intermediate crude climbed $1.41, or 2%, to $73.15 a barrel, after touching an intraday high of $75...
Oil jumps 2% on Saudi plan to deepen output cuts from July
Oil jumps 2% on Saudi plan to deepen output cuts from July
Source: Reuters
5/06/2023 8:51:51 AM
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak India's Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022. More investment banks are likely to be added closer to the deal, the ...
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak
Source: Reuters
25/05/2023 2:51:09 PM
Oil slips as U.S. debt caution offset supply concerns Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures fell 48 cents, or 0.6%, to $75.10 a barrel by 0201 GMT while U.S. West Texas Intermediate (WTI) crude for July delivery, the more actively traded contract, fell 45 cents, or 0.6%, to $71.24. The June WTI contract, which expires later on Monday, fell 52 cents to $71.03 a barrel. Th...
Oil slips as U.S. debt caution offset supply concerns
Oil slips as U.S. debt caution offset supply concerns
Source: Reuters
22/05/2023 8:55:39 AM
Apple`s savings account draws nearly $1 bn in deposits in just 4 days Apple's new high-yield savings account has drawn nearly $1 billion in deposits in just four days of its launch, the media reported, amid a cascade of US bank failures, the latest being First Republic Bank. On launch day alone, the Apple savings account, which gives 4.15 per cent annual return, drew nearly $400 million deposits, reports Forbes. "By the end of launch week, roughly 240,000 accounts had been opened," the report said, citing sources. The Apple savings accoun...
Apple`s savings account draws nearly $1 bn in deposits in just 4 days
Apple`s savings account draws nearly $1 bn in deposits in just 4 days
Source: IANS
2/05/2023 11:57:44 AM
Apple unveils Apple Card`s savings accounts with 4.15% interest rate Apple has launched a new high-yield savings account for Apple Card users that will come with a 4.15 annual percentage yield (APY). Apple Card users can now choose to grow their Daily Cash rewards by automatically depositing their Daily Cash into a high-yield Savings account from Goldman Sachs. "Starting today, Apple Card users can choose to grow their Daily Cash rewards with a Savings account from Goldman Sachs, which offers a high-yield APY of 4.15 per cent -- a rate that's mo...
Apple unveils Apple Card`s savings accounts with 4.15% interest rate
Apple unveils Apple Card`s savings accounts with 4.15% interest rate
Source: IANS
18/04/2023 10:32:49 AM
Raj Neervannan-cofounded AlphaSense raises $100 mn, bullish on India Market intelligence and search platform AlphaSense, co-founded by Indian-origin Raj Neervannan, on Wednesday said it has raised $100 million in addition to its $225 million Series D financing round at a $1.8 billion valuation through new investments led by CapitalG, Alphabet's independent growth fund. Existing investors, including the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors, also participated in the round. This investm...
Raj Neervannan-cofounded AlphaSense raises $100 mn, bullish on India
Raj Neervannan-cofounded AlphaSense raises $100 mn, bullish on India
Source: IANS
12/04/2023 11:07:11 AM
First Citizens considering to buy collapsed SVB As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank. According to Bloomberg News, citing sources, at least one other suitor is making a serious consideration for the collapsed bank and that could be First Citizens. Although nothing could be confirmed at the moment. SVB and First Citizens did not immediately respond to the report. This will be ...
First Citizens considering to buy collapsed SVB
First Citizens considering to buy collapsed SVB
Source: IANS
19/03/2023 12:42:13 PM
Citigroup expects 'less hard' landing for global economy this year Citigroup economists on Wednesday raised their global growth forecast slightly and see a "less hard" landing but still expect the world's economy to grow at the slowest pace in 40 years. The Wall Street brokerage now sees global growth slowing this year to about 2.2%, 0.25% higher than their previous estimate due to improving macroeconomic trends, it said in a note by economists led by Nathan Sheets. Citigroup said its cautious pessimism is due to China's stronger...
Citigroup expects 'less hard' landing for global economy this year
Citigroup expects 'less hard' landing for global economy this year
Source: Reuters
22/02/2023 2:55:22 PM
Paytm's sooner than promised profitability impresses analysts, Brokerages issue Buy calls Paytm, India's leading digital and mobile payments and the pioneer of QR code, has received positive commentary from the global brokerages' analysts after the fintech company achieved operating profitability with EBITDA before ESOP cost at Rs 31 crore, ahead of its guided timeline of September 2023. Global firms such as Goldman Sachs, Bank of America, CLSA and Citic have raised their price target on Paytm by up to 119 per cent. Citi, CLSA, and Goldman Sachs have recommended to b...
Paytm's sooner than promised profitability impresses analysts, Brokerages issue Buy calls
Paytm's sooner than promised profitability impresses analysts, Brokerages issue Buy calls
Source: IANS
6/02/2023 3:38:47 PM
India to speed up deficit reduction as fiscal target looms NEW DELHI/MUMBAI - India is preparing a stepped-up deficit reduction plan in its annual budget due out next month, two government officials said, holding fast to fiscal targets that will require deep spending cuts and could pose fresh risks in a slowing global economy. Government officials had already flagged steep cuts to food and fertiliser subsidies that helped households and businesses weather the pandemic, and one of the officials added that growth in government capital investmen...
India to speed up deficit reduction as fiscal target looms
India to speed up deficit reduction as fiscal target looms
Source: Reuters
13/01/2023 4:09:14 PM
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India' Wall Street major Goldman Sachs does not expect any significant reforms to be announced in this budget, but some details on incentives for 'Make in India', a roadmap on direct tax code implementation, and rationalization of subsidies, particularly fertilizers. The Indian Union budget will be presented on February 1 as the final full-year budget under the current administration before the national elections in mid-2024. This comes at a time when the government is trying to weigh ...
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India'
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India'
Source: Accord Fintech
11/01/2023 12:42:09 PM
IIM Udaipur registers jump in average stipend in summer placements IIM Udaipur registered an average stipend increase of 28.20 per cent in the summer placement of MBA Batch of 2022-24, as a record 319 students secured summer placements. The highest stipend for the batch reached Rs 4 lakh and the average stipend grew by 28.20 per cent to Rs 1.45 lakh. The median stipend for the batch is Rs 1.4 lakh - a significant jump from the previous year. Consulting sector saw a remarkable upswing, in the number of internships increasing by 108 per cent compared to las...
IIM Udaipur registers jump in average stipend in summer placements
IIM Udaipur registers jump in average stipend in summer placements
Source: IANS
10/01/2023 9:18:46 AM
SWIFT`s Vikesh Patel to lead Cboe Clear Europe SWIFT executive Vikesh Patel has been named President of Cboe Clear Europe, a pan-European central counterparty offering clearing services to 47 trading venues. Patel, who will join the company in early 2023, replaces Cecile Nagel, who stepped down from the role in September this year. Patel comes on board with over 15 years of experience in financial market infrastructure and is joining from SWIFT, where he was most recently Head of Securities with responsibility for leading its securi...
SWIFT`s Vikesh Patel to lead Cboe Clear Europe
SWIFT`s Vikesh Patel to lead Cboe Clear Europe
Source: IANS
29/12/2022 9:28:52 AM
Gold edges higher as traders eye U.S. inflation data, Fed rate decision Gold prices edged up on Tuesday helped by a softer dollar, although prices moved in a tight range as investors maintained caution ahead of U.S. inflation data and the Federal Reserve's policy decision. Spot gold gained 0.3% to $1,785.78 per ounce, as of 0302 GMT. U.S. gold futures were up 0.3% at $1,796.50. The dollar index was down 0.2%. A weaker dollar makes bullion more appealing to buyers holding other currencies. Focus now shifts to the U.S. consumer price index (CPI) data f...
Gold edges higher as traders eye U.S. inflation data, Fed rate decision
Gold edges higher as traders eye U.S. inflation data, Fed rate decision
Source: Reuters
13/12/2022 9:02:54 AM
Marketmind: Hat-trick A look at the day ahead in European and global markets from Anshuman Daga While European shares ended lower for the third straight session on Tuesday, spooked by recession worries, another hat-trick dominated the World Cup a few hours later. Three goals by Portugal's 21-year-old Goncalo Ramos against Switzerland in his first World Cup sent his side through to the quarter-finals for the first time in 16 years. And a 3-0 shootout win by Morocco against former champions Spain meant tha...
Marketmind: Hat-trick
Marketmind: Hat-trick
Source: Reuters
7/12/2022 3:41:00 PM
Dollar flat as growth outlook darkens, yuan firms as China eases curbs The dollar was little changed on Wednesday after some of the biggest U.S. banks warned of an impending recession, while China's yuan firmed as authorities loosened some of the country's zero-COVID rules. Top bankers from JPMorgan Chase & Co, Bank of America and Goldman Sachs said overnight that the banks are bracing for a worsening economy next year as inflation and high interest rates cut into consumer demand. The greenback was up 0.32% against the Japanese yen following a ...
Dollar flat as growth outlook darkens, yuan firms as China eases curbs
Dollar flat as growth outlook darkens, yuan firms as China eases curbs
Source: Reuters
7/12/2022 9:11:36 AM
Stocks sputter as growth fears offset China COVID shift World stocks eased on Wednesday and bonds remained supported after a chorus of Wall Street bankers warned about a likely recession ahead, tempering optimism about China's major shift in its tough zero-COVID policy. Top executives at Goldman Sachs, J.P. Morgan and Bank of America all sounded downbeat in remarks on Tuesday about the economic outlook, hurting risk appetite globally and triggering fresh recession signal from bond markets. "Yields have accentuated the downward trend...
Stocks sputter as growth fears offset China COVID shift
Stocks sputter as growth fears offset China COVID shift
Source: Reuters
7/12/2022 9:00:33 AM
Citi expects global growth to slow below 2% in 2023 Citigroup on Wednesday forecast global growth to slow to below 2% next year, echoing similar projections by major financial institutions such as Goldman Sachs, Barclays, and J.P. Morgan. Strategists at the brokerage cited continued challenges from the COVID-19 pandemic and the Russia-Ukraine war — which skyrocketed inflation to decades-high levels and triggered aggressive policy tightening — as reasons behind the outlook. "We see global performance as likely (being) pla...
Citi expects global growth to slow below 2% in 2023
Citi expects global growth to slow below 2% in 2023
Source: Reuters
30/11/2022 2:57:29 PM
Shares fall as Fed not close to done, BoE up next World shares slipped and the dollar and bond yields jumped on Thursday after the U.S. Federal Reserve shifted the outlook on its tightening from short and sharp to long and high, and as Europe braced for Britain's biggest rate hike in decades. European shares opened nearly 1% lower after even heavier falls Asia and as a 1.25% surge in the dollar marked its biggest rise since late September. [/FRX] Investors had initially been cheered that the U.S. Fed at least opened the door to a s...
Shares fall as Fed not close to done, BoE up next
Shares fall as Fed not close to done, BoE up next
Source: Reuters
3/11/2022 8:44:43 AM
Apple joins Goldman Sachs to launch high-yield savings accounts for users In a bid to offer more banking services to its users, Apple has partnered with Goldman Sachs to launch a new savings account feature for its Apple Card credit cardholders. Apple Card users will be able to grow their rewards in Apple Wallet by automatically depositing their Daily Cash into a new high-yield savings account from Goldman Sachs. In the coming months, Apple Card users will be able to open the new high-yield Savings account and have their Daily Cash automatically deposited int...
Apple joins Goldman Sachs to launch high-yield savings accounts for users
Apple joins Goldman Sachs to launch high-yield savings accounts for users
Source: IANS
14/10/2022 11:15:07 AM
Goldman cuts India's Infosys, TCS to Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys <INFY.NS> to "sell," from "buy," citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. "We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something not yet completely reflected in the street's double-digit revenue growth...
Goldman cuts India's Infosys, TCS to
Goldman cuts India's Infosys, TCS to "sell" on looming slowdown
Source: Reuters
14/09/2022 2:37:29 PM
US Federal Reserve`s message to markets is that aggressive rate hikes aren`t going away The US Federal Reserve is delivering a hawkish message to markets: We hear you, we see you, but you can't stop us - aggressive rate hikes aren't going away, media reports said. Wall Street seems to be listening. Markets now see an 86 per cent chance of a three-quarter point hike at the September Fed meeting, according to the CME Group, CNN reported. They''e also swallowing their medicine - US stocks initially plummeted on Thursday morning as they grappled with new, hawki...
US Federal Reserve`s message to markets is that aggressive rate hikes aren`t going away
US Federal Reserve`s message to markets is that aggressive rate hikes aren`t going away
Source: IANS
10/09/2022 10:22:16 AM
Standard Chartered raises India's current account deficit estimate for FY23 Standard Chartered on Wednesday raised its estimate of India's current account deficit (CAD) as a share of the gross domestic product for 2023, citing higher commodity prices and chances of an export slowdown. The British bank raised its CAD forecast for fiscal year ending March 2023 to 3.8% of India's GDP from its earlier estimate of 3.0%--higher than the assessments of peers Morgan Stanley, Goldman Sachs and Nomura. India's CAD came in at 1.2% of the GDP last year. A sl...
Standard Chartered raises India's current account deficit estimate for FY23
Standard Chartered raises India's current account deficit estimate for FY23
Source: Reuters
7/09/2022 2:08:02 PM
India's August trade deficit eases from record levels  India reported on Friday that its trade deficit narrowed slightly to $28.7 billion in August from a record high of $30 billion in the previous month. Here are the views of some analysts: Barclays Bank: "Though the August print marks a moderation from July's record trade deficit, the deficit remains at unsustainably high levels, and is likely to raise financing concerns," Rahul Bajoria, chief India economist, said in a note. Bajoria forecast India's current acc...
India's August trade deficit eases from record levels
India's August trade deficit eases from record levels
Source: Reuters
5/09/2022 11:26:29 AM
India bond yields seen lower tracking U.S., index inclusion bets aid Indian government bond yields are likely to ease in early trades on Monday, tracking a similar move in U.S. Treasury yields, while sentiment remains bullish on bets of inclusion of local debt in global indexes. The benchmark 10-year Indian government bond yield is likely to trade in the 7.20%-7.26% band, a trader with a private bank said. The yield has risen four basis points in last two sessions to end at 7.2318%. "U.S. Treasury yields have fallen after their jobs data, and bets o...
India bond yields seen lower tracking U.S., index inclusion bets aid
India bond yields seen lower tracking U.S., index inclusion bets aid
Source: Reuters
5/09/2022 8:41:43 AM
Goldman cuts India's growth forecast; Morgan Stanley sees downside risks Goldman Sachs has revised lower its growth projections for India after the April-June quarterly gross domestic product readings missed market estimates. The lower-than-expected growth during April-June created downside risk of 40 basis points to current fiscal year growth estimates, Morgan Stanley said in a note. India's real GDP growth increased 13.5% year-on-year in the reported quarter, below the 15.2% forecast by economists polled by Reuters. "The reading was materially ...
Goldman cuts India's growth forecast; Morgan Stanley sees downside risks
Goldman cuts India's growth forecast; Morgan Stanley sees downside risks
Source: Reuters
1/09/2022 10:40:55 AM
RBI vision for PPI growth by 150% will be big for Paytm The increase in prepaid payment instruments transactions could lead to higher than expected growth in wallet transactions and revenue for Paytm, says a Goldman Sachs report The Reserve Bank of India (RBI) on June 24 released its 'Payments Vision 2025' report, which talks about the way forward for the Indian digital payments industry. With this comes a big boost for digital payments, which will be a positive for listed players like Paytm. The RBI expects more than 3x increase in ...
RBI vision for PPI growth by 150% will be big for Paytm
RBI vision for PPI growth by 150% will be big for Paytm
Source: IANS
27/06/2022 12:05:07 PM
Fundamentals for crude oil weaken, witness 1st surplus since June 2020: Goldman Sachs Fundamentals for crude oil weakened in April-May with modest declines in the Russian exports, record large sales by Strategic Petroleum Reserve and severe Chinese lockdowns bringing the oil market to its first surplus since June 2020, said multinational investment and financial services firm Goldman Sachs in a report. The surplus, which the report termed as "politically created surplus", is already ending, driven by the ongoing recovery in the Chinese demand. "Chinese dem...
Fundamentals for crude oil weaken, witness 1st surplus since June 2020: Goldman Sachs
Fundamentals for crude oil weaken, witness 1st surplus since June 2020: Goldman Sachs
Source: IANS
7/06/2022 1:47:50 PM
US stocks suffer longest losing streak since Great Depression US stocks are on their longest losing streak since the Great Depression by at least one key measure. The Standard & Poor's 500 index fell as much as 2.3 per cent on Friday, leaving it 21 per cent below the all-time high that it reached in January and essentially ending a bull market run that began in March 2020, RT reported. The S&P is considered the most accurate measure of US stock market performance, as it's broader-based than the 30-member Dow Jones Industrial Averag...
US stocks suffer longest losing streak since Great Depression
US stocks suffer longest losing streak since Great Depression
Source: IANS
22/05/2022 9:04:02 AM
Goldman Sachs says 22% upside in RIL stock Goldman Sachs has set a 12 month price target of Rs 3,200 for Reliance Industries Limited (RIL) stock with a 22 per cent upside. "We see RIL as a unique energy transition story. For RIL, strong cashflow generation in the best in class old energy business (low cost structure and highest complexity) can fund the capex of the New Energy business and in turn drive one of the fastest and most profitable net zero transitions by 2035 amongst large energy companies, on our analysis," Gol...
Goldman Sachs says 22% upside in RIL stock
Goldman Sachs says 22% upside in RIL stock
Source: IANS
11/04/2022 12:38:36 PM
Tightening financial conditions sound alarm for world economy  Global financial conditions are at their tightest since early 2016, driven by soaring energy prices, sliding stocks and market turmoil stemming from Russia's invasion of Ukraine. Financial conditions reflect the availability of funding in an economy and, perceived as strongly correlated with future growth, are watched closely by central bankers. How loose or tight they are dictates spending, saving and investment plans of businesses and households. Goldman Sachs, which uses me...
Tightening financial conditions sound alarm for world economy
Tightening financial conditions sound alarm for world economy
Source: Reuters
9/03/2022 7:35:41 PM
Goldman Sachs says Paytm's current share price is a compelling entry point, ICICI Securities issue Buy rating Paytm continues to get the confidence of top brokerages, who are bullish about the companys "immense growth potential". Goldman Sachs pointed out the strong growth potential for Paytms lending business, saying the firm will hit $10 billion in disbursals by FY26E, vs $900 million in FY22. Analysts believe Paytm's ESOP costs will gradually reduce and are currently at par with other listed tech cos in India as well as globally ICICI Securities report said that by FY26, Paytm'...
Goldman Sachs says Paytm's current share price is a compelling entry point, ICICI Securities issue Buy rating
Goldman Sachs says Paytm's current share price is a compelling entry point, ICICI Securities issue Buy rating
Source: IANS
22/02/2022 12:37:35 PM
Goldman Sachs, Morgan Stanley, BofA remain bullish on Paytm, as company reports high top line growth Paytm, India's leading digital payments and financial services, reported its Q3 FY2021 results on Friday night, where it saw its revenues grow by 89 per cent to Rs 1,456 crore. The company's income from payment services to merchants jumped by 117 per cent to Rs 585 crore, constituting 40 per cent of total revenues in the quarter ending December 2021 compared to the same quarter of the previous year. EBITDA losses reduced to Rs 393 crore, excluding a one-time ESOP expense cost of Rs...
Goldman Sachs, Morgan Stanley, BofA remain bullish on Paytm, as company reports high top line growth
Goldman Sachs, Morgan Stanley, BofA remain bullish on Paytm, as company reports high top line growth
Source: IANS
8/02/2022 3:28:43 PM
Emerging markets not as cheap as they appear: Goldman Sachs Despite last years more than 20 percentage point underperformance, emerging market (EM) equities are not as cheap as they appear once adjusted for sector differences with the S&P 500, marquee firm Goldman Sachs said in a report. In addition, sell-side analysts are very bullish on EM stocks, making them vulnerable to a shift in sentiment, it added. Earnings outside the US have substantially lagged those of the US across most sectors since the pre-crisis peak in earnings in 2007. T...
Emerging markets not as cheap as they appear: Goldman Sachs
Emerging markets not as cheap as they appear: Goldman Sachs
Source: IANS
12/01/2022 10:02:31 AM
BREAKING NEWS : Goldman Sachs lowers its outlook for US GDP, citing Omicron as a drag on growth BREAKING NEWS : Goldman Sachs lowers its outlook for US GDP, citing Omicron as a drag on growth
BREAKING NEWS : Goldman Sachs lowers its outlook for US GDP, citing Omicron as a drag on growth
BREAKING NEWS : Goldman Sachs lowers its outlook for US GDP, citing Omicron as a drag on growth
Source: investmentguruindia.com
6/12/2021 9:05:47 AM
Goldman Sachs sees India`s GDP at 9.1%, CPI at 5.8% for 2022  India's gross domestic product (GDP) is expected to rise to 9.1 per cent in calendar year 2022, as compared to an estimated 8 per cent in 2021, Goldman Sachs said on Tuesday. India's GDP contracted 7 per cent in 2020, Goldman Sachs said in a report titled 'Macro Outlook 2022'. "We expect consumption to be an important contributor to growth in 2022, as the economy fully re-opens driven by a notable improvement in the virus situation and adequate progress on vac...
Goldman Sachs sees India`s GDP at 9.1%, CPI at 5.8% for 2022
Goldman Sachs sees India`s GDP at 9.1%, CPI at 5.8% for 2022
Source: IANS
24/11/2021 9:17:53 AM
Goldman Sachs downgrades Indian equities on valuation BENGALURU  - Goldman Sachs has downgraded Indian equities by one notch to 'market weight', citing a blistering run this year that has made them the best performing emerging Asian market. Indian stocks have rallied nearly 28% in 2021 on the back of ultra-easy monetary policy, rising vaccinations and the economic reopening, compared with a 0.76% drop in the MSCI Emerging Market index. The surge in valuations has also led several other brokerages such as Morgan Stanley, Nomura...
Goldman Sachs downgrades Indian equities on valuation
Goldman Sachs downgrades Indian equities on valuation
Source: Reuters
12/11/2021 4:22:52 PM
Dixon, Amber could rival global electronics peers in scale Goldman Sachs estimates that Dixon Technologies will grow its revenue by 5X and its EBITDA by 5.5X over the next decade. Over the last decade, global electronics manufacturing services (EMS) companies have grown revenue by about 1.5-2X, EBITDA by also 1.5-2X and market cap by about 1.5-2X (with exception of Wingtech where the growth has been multi-fold). "We estimate Dixon will grow its revenue by 5X and its EBITDA by 5.5X over the next decade. If we assume market cap grows 5X in...
Dixon, Amber could rival global electronics peers in scale
Dixon, Amber could rival global electronics peers in scale
Source: IANS
24/06/2021 9:17:25 AM
Goldman Sachs expands transaction bank to Britain LONDON  - Goldman Sachs has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank. The bank is to offer companies in Britain cash management services such as payment processing and payroll as it continues to grow in the country having launched its retail brand Marcus there in 2018. Goldman Sachs said its transaction banking business ...
Goldman Sachs expands transaction bank to Britain
Goldman Sachs expands transaction bank to Britain
Source: IANS
21/06/2021 11:53:38 AM
Exclusive: Goldman to launch Marcus UK robo-adviser early next year LONDON  - Goldman Sachs will launch an app for UK users of its digital bank Marcus over the following weeks and plans to offer automated investment management to clients in the country by the first quarter of next year. The U.S. bank has attracted just over $30 billion in UK deposits since launching a savings account in 2018, accounting for 30% of Marcus's deposits globally, Des McDaid, the head of Marcus UK, told Reuters. "We are pivoting more into an investment and wealt...
Exclusive: Goldman to launch Marcus UK robo-adviser early next year
Exclusive: Goldman to launch Marcus UK robo-adviser early next year
Source: Reuters
18/05/2021 9:55:40 AM
Goldman Sachs commits $10mn to support India`s fight against Covid The Goldman Sachs Group, Inc. on Thursday announced an additional $10 million (Rs 74 crore) commitment to support relief and recovery efforts in India, as the country experiences a surge in Covid-19 cases and deaths. "Since the onset of the pandemic, our firm has been focused on how we can help communities around the world, including those where we live and work," said David M. Solomon, Chairman and Chief Executive Officer. "India is home to three Goldman Sachs offices an...
Goldman Sachs commits $10mn to support India`s fight against Covid
Goldman Sachs commits $10mn to support India`s fight against Covid
Source: IANS
29/04/2021 3:40:02 PM
Goldman Sachs says Black employees make up 6.8% of U.S. workforce Black employees represent 6.8% of Goldman Sachs Group Inc's workforce in the United States and make up a little more than 3% of its senior executive team, the bank said in its 2020 sustainability report on Tuesday. Black men and women represented 6.6% of the company's U.S. workforce in 2019. Goldman, which had previously revealed only percentage figures, released headcount numbers based on ethnicities and race across job categories for the first time. The bank employs a total...
Goldman Sachs says Black employees make up 6.8% of U.S. workforce
Goldman Sachs says Black employees make up 6.8% of U.S. workforce
Source: Reuters
21/04/2021 9:08:51 AM
Goldman Sachs reduces Q2 GDP, earnings forecasts as rising Covid cases fuel concerns Goldman Sachs has downgraded Indian consumer discretionary stocks, which include autos and consumer durables, from overweight to marketweight given the near-term earnings impact from the lockdown restrictions and margin headwinds from rising commodity input costs. It said that record virus cases and lockdown restrictions have fuelled correction/growth concerns. "We reduce Q2 forecasts but expect moderate impact overall as the restrictions have been targeted to specific sectors wi...
Goldman Sachs reduces Q2 GDP, earnings forecasts as rising Covid cases fuel concerns
Goldman Sachs reduces Q2 GDP, earnings forecasts as rising Covid cases fuel concerns
Source: IANS
16/04/2021 8:55:01 AM