Deutsche Bank AG

The country's real GDP growth for the December quarter is all set to come at a higher-than-anticipated 7 per cent, a German brokerage said on Monday. "We are forecasting October-December 2023 real GDP to have grown 7.0 per cent year-on-year during the quarter, which is higher than what we had previously anticipated," analysts at Deutsche Bank said in a note. The official data on quarterly growth will be released on February 29. In the three months ended September 2023, the economy had clocked a 7.6 per cent growth. The German brokerage said its estimate is based on a proprietary index of five high-frequency indicators, including industrial production, exports, non-oil-non-gold imports, bank credit and consumer goods. It said that another indicator comprising nearly 65 high-frequency indicators is also pointing towards 7 per cent growth for the December quarter. "The Indian economy has exhibited remarkable resilience despite the Russia-Ukraine war of last year and Covid prior to th

Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC

RBI by an order on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG

The two companies aim to finalise the sale of Postbank Systems AG by the end of the year, according to a statement from Deutsche Bank

India's largest IT services firm Tata Consultancy Services (TCS) on Monday said it will acquire 100 per cent shares of Postbank Systems AG (PBS) from Deutsche Bank AG.

Fixed income has been a traditional strength of Deutsche Bank's investment banking activities

This means the bank would not be able to make any distributions to its German parent without the Fed's approval

The bank is considering cuts in the investment banking unit, but no decision is final

It is also examining several strategic measures, including retaining its Postbank unit

By Deutsche Bank's own calculations, its risk-weighted assets equal just 28% of its balance sheet

Agree to pay a combined $12.5 bn to resolve investigations into toxic debt sale

It looks to capitalise on an expected rise in demand for quantitative strategies from local investors