New Delhi, June 27 (IANS) India is expected to remain among the world’s fastest‑growing major economies despite geopolitical tensions, uncertainty around artificial intelligence (AI) spending and sustained foreign investor outflows, Seth R. Freeman, Senior Managing Director at GlassRatner Advisory & Capital Group, has said.Among Indian market sectors, Freeman remains constructive on healthcare and automobiles, as being well positioned for long-term growth, the report from NDTV Profit sai…
Latest Goldman Sachs News & Updates
New Delhi, June 26 (IANS) Goldman Sachs has raised India’s GDP growth forecast to 6.8 per cent for calendar year 2026 from 6.5 per cent earlier, following the US-Iran peace deal that has led to lower global oil prices and eased supply chain disruptions.The investment bank has also raised its FY27 GDP growth forecast for the country by 40 basis points to 6.5 per cent.In its latest report, titled ‘India: Improved macro outlook after the US-Iran deal’, the global investment bank said it has rev…
New Delhi, June 26 (IANS) Shares of Japan’s SoftBank Group — which listed on the Tokyo Stock Exchange (TSE) — witnessed a slump of 13 per cent after OpenAI may delay its much-anticipated initial public offering (IPO), raising concerns over the timing of returns from the Japanese conglomerate’s massive investment in the artificial intelligence company, according to multiple reports.According to them, the sharp decline marked SoftBank’s biggest intraday fall in more than three months as investor…
New Delhi, May 25 (IANS) US-based technology firm Microsoft has begun scaling back access to Anthropic’s Claude Code among its employees and is redirecting engineers towards GitHub Copilot CLI as surging AI usage drives up enterprise computing costs, according to multiple reports.Reports said the technology company had earlier expanded access to Claude Code across thousands of employees, including developers, project managers and designers, to encourage experimentation with AI-assisted coding …
New Delhi, May 3 (IANS) Lakshmi N. Mittal and Aditya Mittal on Sunday announced a definitive agreement has been reached to acquire the Rajasthan Royals, in partnership with Adar Poonawalla, from Manoj Badale and consortium. Following completion, the Mittal Family will own approximately 75 per cent of Rajasthan Royals, with Adar Poonawalla holding approximately 18 per cent. The remaining approximately 7 per cent will be held by approved existing investors, including Manoj Badale. It is understood…
New Delhi, April 27 (IANS) Analysts at Goldman Sachs have raised their forecast for Brent crude — the international oil benchmark — to $90 per barrel for the fourth quarter, while US West Texas Intermediate (WTI) crude pegged at $83 per barrel, as the prolonged closure of the Strait of Hormuz continues to tighten global supply, according to multiple reports.The brokerage said the disruption has triggered ‘extreme’ inventory drawdowns, with an estimated 14.5 million barrels per day of crude pro…
Seoul, April 21 (IANS) Around two months after an extreme rout caused by the Middle East crisis, South Korea’s stock market showed a dramatic return on Tuesday by setting a new record high amid hopes for the US-Iran peace talks and the revival of a tech rally.The benchmark KOSPI closed 2.72 percent higher at 6,388.47 points. The previous high was recorded on Feb. 26, when the benchmark index closed at 6,307.27, reports Yonhap news agency.Market capitalisation of the KOSPI-listed firms also swell…
New Delhi, April 18 (IANS) The DP World Professional Golf Tour of India (DP World PGTI) today announced the appointment of Ms. Rachana Bahadur, senior vice president and country head – India at Synchrony Financial, as an Advisor to the organization.A seasoned global leader, Rachana Bahadur brings over three decades of experience across banking, operations, and risk management. Currently serving as Senior Vice President and Country Head for Synchrony India, she leads a dynamic workforce, drivin…
New Delhi, March 24 (IANS) Global crude oil prices jumped more than 4 per cent in early trade on Tuesday despite US President Donald Trump pausing planned strikes on Iran’s energy infrastructure.Brent crude rose to around $104 per barrel, up about 4 per cent, while US West Texas Intermediate (WTI) gained 4.39 per cent to $92 (as of 9:30 am).Between March 2 and March 23, crude prices surged up to 25 per cent, with Brent crude advancing 23.38 per cent to $95.92 from 77.74. The US WTI futures als…
New Delhi, March 23 (IANS) Brent crude has climbed up more than 60 per cent since the conflict in the Middle East began, from roughly $70 per barrel to about $112 per barrel on Monday.Meanwhile, crude oil prices for May futures on Multi Commodity Exchange (MCX) surged 0.65 per cent at Rs 9,318 per barrel.Crude rose about 56 per cent in the past 30 days, while US West Texas Intermediate (WTI) traded near $98.75 per barrel on Monday after rising over 2 per cent in the previous session.Escalating t…