Goldman Sachs

Goldman Sachs sees Nifty at 27K in 2025, bets on housing, defence stocks

Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities

Gold prices up 30% in 2024; set for best calendar year show in 10 yrs: WGC

Goldman Sachs expects gold prices to reach $3,150 per ounce (bull-case scenario; base case: $3,000/oz) by December 2025, an upside of around 17 per cent from the current levels

Bhartia family to acquire 40% stake in Hindustan Coca-Cola for Rs 12,500 cr

The Jubilant Group's Bhartia family is investing Rs 5,000 crore and the remaining amount is being financed by Goldman Sachs, which has pledged to fund a special purpose vehicle for the deal

A $500 billion haul reignites passive controversy on Wall Street

Contrary to popular claims that price-agnostic money is fuelling market distortions by blithely lavishing capital just to largest companies, a Goldman Sachs Group study showed the role of fundamentals

Goldman Sachs quits climate coalition for banks, biggest one to exit group

Goldman Sachs gave no explicit reason for its departure, but focused on its strategy for the future and a growing push by regulators to make sustainability efforts mandatory

Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025

Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose

OPEC+ production cuts may support oil prices in near term: Goldman Sachs

OPEC+, which includes members of the OPEC and allies such as Russia, is discussing a further delay to a planned oil output hike that was due to start in January

Goldman warns of likely Asia LNG price rise on European supply crunch

There will also be delays in the upcoming LNG supply projects across the Americas, so Europe and Asia will have access to less LNG next year than originally expected, analyst at Goldman Sachs said

Nifty 50 likely to hit 27,000 by end of 2025, says Goldman Sachs

India immune to global issues, but earnings slowdown to weigh on equities, says Goldman Sachs

Goldman Sachs expects oil prices to remain around $80/bbl in 2024

Oil prices rose on Friday, with Brent futures reaching $74.37 after Russia announced it had fired a ballistic missile at Ukraine and warned of a potential widening conflict

Gautam Adani charged by SEC: Key FCPA corruption cases and their results

US SEC accused Gautam Adani and seven others of paying $265 million in bribes to Indian government officials to secure solar energy project contracts for Adani Green Energy

Indian stocks to stay flat 3 months as earnings, valuations weigh: Goldman

Wall Street brokerage, which remains tactically market weight on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in next three months, implying a gain of a little under 3 per cent

Goldman Sachs, Morgan Stanley downgrade China's economic growth outlook

Morgan Stanley downgraded China to slight 'underweight' from 'equal weight' in emerging markets

Bhartia family, Goldman Sachs in talks for 40% stake in Coca-Cola Beverages

The Bhartia family and Goldman Sachs aim to co-invest in a 40 per cent stake in Hindustan Coca-Cola Beverages, backing an SPV with around Rs 3,000-Rs 3,500 crore in funding

Stock market traders mete out stiffer penalty to firms missing earnings

A net income miss for Nifty 50 Index companies triggered a median decline of nearly 1.9 per cent in the stock prices in the current reporting season

Goldman Sachs cuts Indian stocks to neutral amid slowing economic growth

The cautious stance underscores growing concerns over the sustainability of company earnings amid weakening consumer spending and increasing commodity prices. India's record stock rally is already sho

Goldman, Apple to pay $89 mn following CFPB probe of credit card JV

"Apple and Goldman Sachs illegally sidestepped their legal obligations for Apple Card borrowers," CFPB Director Rohit Chopra said in the statement

Goldman Sachs profit beats estimates as bond sales boost investment banking

The Wall Street giant's gains echoed those at rival JPMorgan Chase and Citigroup, which also cashed in on debt and equity offerings as clients' economic confidence improved

Mark Mobius follows Goldman bet on China boost for emerging market equities

They said they expect further upside in emerging-market equities, with spillovers from China's growth in several countries such as South Korea, Malaysia and South Africa

Investor sells 8.45% of R Systems for Rs 465 cr, Goldman picks up stake

Investor Bhavook Tripathi on Friday trimmed its stake in R Systems International by divesting an 8.45 per cent stake to investors like Goldman Sachs, DSP Mutual Fund (MF), and Sundaram MF for Rs 465 crore through open market transactions. After the stake sale, Tripathi's holding has come down to 20.58 per cent from 29.03 per cent. However, he will remain the largest non-promoter shareholder/public shareholder of Noida-based R Systems. According to the block deal data available on the BSE, Tripathi offloaded 99,99,995 shares in eight transactions, amounting to an 8.45 per cent stake in the IT firm. The shares were sold at an average price of Rs 465.15 apiece, taking the transaction value to Rs 465.15 crore. Sundaram Mutual Fund, DSP Mutual Fund, Emerging Business Fund, Siddharth Iyer, Jagdish Naresh Master, Goldman Sachs, Dublin-based investment management firm Mediolanum International Funds and Carnelian Asset Management & Advisors were among the buyers of R Systems' shares on the