Deutsche Bank Ag
Real GDP growth likely expanded by 7% in December quarter: Report
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
 "Real GDP growth likely expanded by 7% in December quarter: Report")
Adani group to refinance ACC, Ambuja Cement debt of $3.5 billion
Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC
 "Adani group to refinance ACC, Ambuja Cement debt of $3.5 billion")
RBI imposes Rs 2 cr fine on Deutsche Bank for non-compliance of directions
RBI by an order on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG
 "RBI imposes Rs 2 cr fine on Deutsche Bank for non-compliance of directions")
Deutsche Bank to sell IT unit to TCS, moves closer to job-cutting target
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
 "Deutsche Bank to sell IT unit to TCS, moves closer to job-cutting target")
TCS to acquire 100% shares of Postbank Systems 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.
 "TCS to acquire 100% shares of Postbank Systems from Deutsche Bank")
Fixed-income traders to keep jobs, says Deutsche Bank's Ram Nayak
Fixed income has been a traditional strength of Deutsche Bank's investment banking activities
 "Fixed-income traders to keep jobs, says Deutsche Bank's Ram Nayak")
Deutsche Bank's US unit fails Fed stress tests due to 'material weaknesses'
This means the bank would not be able to make any distributions to its German parent without the Fed's approval
 "Deutsche Bank's US unit fails Fed stress tests due to 'material weaknesses'")
Deutsche Bank may announce changes in its investment banking unit: Report
The bank is considering cuts in the investment banking unit, but no decision is final
Deutsche Bank says prepares 8 billion euro capital increase
It is also examining several strategic measures, including retaining its Postbank unit
 "Deutsche Bank says prepares 8 billion euro capital increase")
Why German banks took a stand against Basel capital floors
By Deutsche Bank's own calculations, its risk-weighted assets equal just 28% of its balance sheet
 "Why German banks took a stand against Basel capital floors")
Deutsche Bank, Credit Suisse settle US probes
Agree to pay a combined $12.5 bn to resolve investigations into toxic debt sale
 "Deutsche Bank, Credit Suisse settle US probes")
Deutsche ramps up Asia-Pacific equity-derivatives unit
It looks to capitalise on an expected rise in demand for quantitative strategies from local investors
 "Deutsche ramps up Asia-Pacific equity-derivatives unit")
