Goldman Sachs News

Even as growth slows, the brokerage firm noted that inflation is going down. It revises India's inflation forecasts lower by 0.2 percentage points for both calendar year 2025 and fiscal year 2026, now sitting at 3.0% year-on-year.

Gold's appeal to central banks is attributed to its physical properties, making it more suitable for reserve management. 

The global financial services firm stated that around 50 lakh Central government employees and 65 lakh pensioners are expected to benefit from the pay revision.

Goldman Sachs Research stated in a report last month that it expects the Indian economy to be relatively insulated against global shocks over the coming year — including tariffs levied by the new administration of US President-elect Donald Trump.  

Goldman Sachs forecast India's headline inflation at 4.2 per cent (average) in 2025 with food inflation at 4.6 per cent. 

According to Union Minister for Commerce and Industry Piyush Goyal, the 'Goldman Sachs 10,000 Women' initiative highlights the untapped potential in women.

The layoffs which has already begun are expected to affect multiple divisions within Goldman sachs, according to the report.

Since Zomato acquired Blinkit for 568 million dollars in 2022, the hyper-local delivery company's implied valuation has surged to 13 billion dollars for its improved performance

In India, both gold and Sensex has surpassed the magical 75,000 figure. 

According to a report from Reuters, the deal is expected to be valued at approximately $450 million. 

Ian Dodd, 55, former global head of recruiting at Goldman Sachs International, is suing the bank for one million pounds in London, according to court documents seen by the Financial Times.

He is scheduled to be sentenced on October 19, the US Attorney for the Southern District of New York announced.

The New York Post reported that Goldman Sachs' CEO David Solomon "e-mailed calendar invites that called targeted employees to phony 'business meetings' at its New York headquarters" last week.  

Goldman Sachs sacked more than 3,000 employees in disguise of business meetings as early as 7.30 a.m: Report. Once the employees arrived at the conference room -- some as early as 7.30 a.m. -- they were told by their managers that they were being fired. Those sacked were given the choice to leave the office immediately or wait for colleagues to arrive so they could say goodbye.

The Indian Union budget will be presented on February 1.

The brokerage said Paytm`s payments vertical will particularly benefit from RBI`s proposal due to higher usage of merchant discount rate (MDR)-bearing credit cards through UPI. Citi also said that the shift from debit/bank account to credit cards may improve the monetisation of UPI payments.

Goldman Sachs may layoff hundreds of workers, according to a report by local media. The company saw reduced profits in an earning report in July. It reported 48 % slump in its 2nd quarter profit as its clients face inflation, rising interest rates, pandemic, etc.

Junior employees' vacation time is still limited as they will be given at least two additional days off each year. All Goldman workers will be expected to take three weeks off per year. At least one week of uninterrupted vacation is required.

In a regulatory filing detailing its U.S.-listed investments as of March 31, Berkshire said its Goldman stake fell 84% to 1.9 million shares, from 12 million at year-end, with the stake’s market value dropping to $297 million from $2.76 billion.

The police arrested Jhunjunwala under section 420 of the Indian Penal Code (IPC) on a complaint by the company's Indian subsidiary for reportedly siphoning off funds fraudulently.