Wednesday, Feb 08, 2023

Goldman Sachs


Goldman Sachs begins major round of global layoffs, fires at least 700 employees in India

January 13, 2023 7:14 am

The layoffs, done predominantly to cut costs in the face of economic headwinds such as high inflation, have affected a number of senior employees too, including those at the vice-president level, people aware of the matter said.

Goldman Sachs to start cutting thousands of jobs midweek

January 09, 2023 5:39 pm

Goldman Sachs to conduct 3,000 job cuts, but the final number is yet to be determined.

Goldman Sachs on hunt for bargain crypto firms after FTX fiasco

December 06, 2022 12:57 pm

FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman's head of digital assets, told Reuters.

Economic growth to fall to 5.9 per cent in 2023: Goldman Sachs

November 24, 2022 2:26 am

For the fiscal year 2022-23, the investment bank hasn’t cut the GDP growth estimate for India, unlike many other agencies -the country’s economic expansion in the year has been pegged at 7.1 per cent, marginally higher than 7 per cent forecast earlier.

Goldman Sachs sees India’s growth slowing next year as tailwinds fade

November 21, 2022 11:15 am

Gross domestic product may expand by 5.9% in calendar year 2023 from an estimated 6.9% this year, Goldman economists led by Andrew Tilton wrote in a report Sunday.

Liverpool FC, one of soccer’s biggest brands, is for sale

November 09, 2022 3:12 pm

Forbes values Liverpool at $4.45 billion, about 10 times what FSG paid.

Goldman Sachs to cut several hundred jobs starting this month

September 13, 2022 2:33 pm

The move from the banking bellwether is the surest sign yet of a chill that has set in across the industry amid a slump in revenue after record-breaking years.

Goldman Sachs sees India bonds getting added to JPMorgan index next year

August 17, 2022 11:54 am

The nation’s sovereign bonds may be added to JPMorgan’s GBI-EM Global Diversified bond index with an initial 10% weightage, analysts Danny Suwanapruti and Santanu Sengupta wrote in a note to clients.

Ex-Goldman Sachs banker convicted for his role in a $4 billion fraud

April 09, 2022 1:51 pm

A federal jury found the former banker, Roger Ng, guilty after a nearly two-month trial in which the government’s key witness admitted to being a frequent liar. Even so, jurors found Ng guilty of all three charges after more than two days of deliberation. He could face up to 30 years in prison.

Goldman Sachs, J P Morgan Chase among 10 merchant bankers to manage LIC IPO

August 30, 2021 8:16 am

As many as 16 domestic and international firms had made presentations before the Department of Investment and Public Asset Management (DIPAM) on August 26 to act as book running lead managers (BRLMs) for the IPO -- touted to be the biggest share sale in the country's history.