Margin levels could see an improvement on higher volumes, price hike
Goldman's commodities research division lowered the forecast for next year by $17.5 per barrel on average, even as it saw a seasonally adjusted global oil market deficit in Q4 of 2022 and in 2023
The global research and broking house suggests investors buy the stock at the current levels and maintains a 12-month target price of Rs 1,100 on the counter
Goldman Sachs cut its 2023 economic growth forecast for China sharply, predicting Beijing will stick to its stringent Covid Zero policies through at least the first quarter of next year
The reductions come after Goldman went on an unprecedented hiring spree in mainland China and Hong Kong last year as China opened its financial market fully to foreign brokerages and asset managers
Goldman said it remains 'more sanguine' on EBIT margin forecasts than on revenue of IT firms, given multiple levers such as higher employee utilisation, controls on variable pay and annual wage hikes
That stance compares with plans by Goldman Sachs Group Inc to cut jobs as early as this month after pausing the annual practice for two years during the pandemic
As the risk of recession looms and the Federal Reserve raises interest rates to curb inflation, deal markets have dried up
Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month
The Wall Street titan plans to eliminate several hundred roles starting this month, according to people with knowledge of the matter
None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage
One of the three key reasons why a genuine bear market trough has not yet been reached, according to them, includes their belief that inflation and interest rates still have more room to rise
Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth
A dip in demand amid rising inflation and central bank policies has seen brokerages, such as Goldman Sachs and Morgan Stanley, cut their respective growth estimates for the Indian economy
Goldman Sachs has revised lower its growth projections for India after the April-June quarterly gross domestic product readings missed market estimates.
Goldman will let employees outside New York enter offices regardless of vaccination status, with no requirement to participate in regular testing or wear face coverings
Goldman Sachs did caution the path ahead may not be smooth, especially if the greenback extends gains
Goldman Sachs is recommending a spread trade in Indian debt markets that will help investors cash in on bullishness in the bond market
Goldman Sachs lowered its projection for China's gross domestic product growth to 3% from 3.3%, citing weaker-than-expected July economic data as well as near-term energy constraints
The development is expected to trigger passive inflows of about $30 bn that will help the country finance its current account and fiscal deficits