Goldman's exit is in compliance with US state securities regulations, which restrict the ownership of ownership beyond 10 years in a company
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Goldman Sachs Asset Management and Bain, along with private equity firms TDR Capital and TPG, have tabled indicative offers for Subway, the news outlet reported
Both banks forecast Fed fund rates at 5.25%-5.5% range
The New York-based bank is targeting to invest a quarter of its newly-raised $5.2 billion growth fund in the region, people familiar with the matter said
The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said
Adani Enterprises Ltd., the flagship company, finished up nearly 15% on Tuesday, leading gains as other related stocks also rose
The fund has invested in Indian companies such as Swiggy, MoEngage, and ElasticRun
Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs
Goldman Sachs no longer wants to be the bank for everyone. The storied investment bank spent eight years attempting to expand its business beyond corporations and the wealthy. But in recent months, Goldman has signalled a partial retreat from those efforts by scrapping plans for a checking account broadly available to the public and mothballing its personal loan business. A popular savings account and a credit card business survive for now. Last week, the bank disclosed that it had accumulated USD 3 billion in losses in its consumer banking franchise since 2020, mostly money set aside to cover potential loan losses in its Marcus personal loan business. Bank regulators are reportedly looking into whether the consumer business had proper safeguards in place as it grew larger. The retreat in consumer banking comes as Goldman tries to refocus on its roots: advising corporations on deals, investing, and trading, and servicing the well-to-do. The firm's revenue from investment banking, .
Support and empathy on sites such as LinkedIn and a market that is still hiring are softening the blow
It also reported a pre-tax loss of $778 million in its platform solutions unit
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Professional networking platforms, such as LinkedIn and Grapevine, were full of stories of layoffs
With India running one of the highest public debt to GDP ratios among emerging markets globally, firm adherence to the fiscal consolidation would seem the most appropriate path
The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years
The government aims to shrink the gap to below 4.5% of GDP by 2025-26
The cuts also come a week before the bank's traditional year-end compensation discussions
Top managers have been asked to identify potential cost-reduction targets, and no final job-cut number has been determined
Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business