Goldman Sachs: News

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.

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.