goldman sachs news

Published on Apr 14, 2025 08:06 AM IST

Bloomberg |

Goldman Sachs' $80 million retention bonuses for bosses draw flak

The incentives “lack rigorous, pre-set performance criteria, which is particularly concerning,” a proxy adviser said.

Published on Apr 01, 2025 11:14 AM IST

Bloomberg |

Mark Carney's net worth: How rich is Canada's new PM?

Mark Carney's financial success is rooted in his extensive banking experience, including a pivotal role at Goldman Sachs and central banking.

Former Bank of Canada and Bank of England governor Mark Carney speaks after he won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as Prime Minister, in Ottawa, Ontario, Canada, March 9, 2025. REUTERS/Amber Bracken/Pool TPX IMAGES OF THE DAY(REUTERS)

Published on Mar 10, 2025 05:30 AM IST

ByTuhin Das Mahapatra

Goldman Sachs staffers riled by trivial bonuses, far cry from CEO's $39m payout

Goldman Sachs staffers are unhappy with their scanty bonuses, especially when compared to the 26% surge in CEO David Solomon's payday on his 63rd birthday.

On January 17, Goldman Sachs announced that CEO David Solomon would receive a 26% hike from his 2023 payout. (REUTERS)

Published on Jan 29, 2025 02:24 PM IST

ByAshima Grover

Bank CEO posts about 50% revenue growth, employee comments ‘We get nothing'

A Goldman Sachs analyst has gone viral after criticising her company’s CEO for not rewarding employees despite record revenue growth.

A Goldman Sachs employee called out the CEO for not rewarding employees despite strong quarterly results.(Reuters)

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Updated on Jan 20, 2025 10:19 AM IST

BySanya Jain

Union Budget 2025 may focus on controlling govt debt, says Goldman Sachs report

This is because India currently stands out for its high levels of public debt and fiscal deficit, compared to other emerging markets

Union finance minister Nirmala Sitharaman carrying the Budget tablet.(ANI file photo)

Published on Jan 13, 2025 05:02 PM IST

Ex-comedian, ex-Goldman analyst to advise Japan stock fund

This comes when Japanese stocks are volatile as the Bank of Japan may hike rates, while the incoming Trump administration is also causing market uncertainties

Comedian-turned-investor Toshiya Imura speaks during an interview with Reuters in Tokyo, Japan December 3, 2024(Kim Kyung-Hoon/Reuters)

Published on Dec 25, 2024 04:34 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Melania Trump turns to Goldman Sachs executive for help staffing WH team

Melania Trump has reportedly sought assistance from Goldman Sachs partner John Francis William Rogers for advice on staffing after her White House entry.

John F. W. Rogers and Melania Trump previously collaborated when he worked as her counselor during her first terms as the US First Lady.(AP)

Published on Nov 12, 2024 02:49 PM IST

ByShweta Kukreti

Apple, Goldman Sachs to pay $89 mn for misleading customers, dispute mishandling

Goldman Sachs and Apple will pay more than $89 million to resolve a long-running investigation into their credit-card joint venture

The agency ordered Goldman to pay at least $19.8 million in redress and a $45 million penalty while fining Apple $25 million(Reuters)

Published on Oct 24, 2024 09:29 AM IST

Bloomberg |

Goldman Sachs cuts Indian stocks to neutral over slowing growth

Goldman Sachs downgraded Indian equities to neutral, citing slowing economic growth and weakening corporate earnings.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)

Published on Oct 23, 2024 08:58 AM IST

Bloomberg |

Goldman Sachs exec takes 6 month paternity leave, fired, sues for £3.8 million

A Goldman Sachs manager filed a £3.8 million sex-discrimination claim against the investment bank, alleging he was unfairly fired for a 6 month paternity leave

The head offices of Goldman Sachs in London, UK(Jason Alden/Bloomberg)

Updated on Oct 13, 2024 08:38 AM IST

Bloomberg |

Microsoft's Satya Nadella gushes about AI: ‘Working, will make real difference’

Microsoft CEO Satya Nadella believes AI can enhance productivity by taking on decision-making roles in various sectors.

Satya Nadella highlighted AI's potential to improve productivity across sectors like healthcare and finance. While acknowledging current challenges in AI's profitability, he encouraged professionals to adapt and embrace technology for long-term benefits.(AFP)

Published on Sep 30, 2024 08:48 PM IST

Goldman Sachs is loving India's growth journey and these 20 stocks for investors

Goldman Sachs projects India as a rapidly growing economy, with medium-term profit growth momentum expected until 2030.

Goldman Sachs identifies India as a leading economy in growth potential, with a sustained profit momentum. The brokerage advises investing in 20 stocks, emphasizing sectors like autos, real estate, and chemicals for profit expansion.(Reuters)

Published on Sep 25, 2024 09:56 AM IST

JPMorgan in talks with Apple over Goldman credit card partnership: Report

JPMorgan Chase is negotiating with Apple to take over Goldman Sachs as its credit-card partner.

A JPMorgan Chase bank branch in New York, US.(Bloomberg)

Published on Sep 18, 2024 08:05 AM IST

Reuters |

Kamala Harris says Goldman Sachs will back her ‘plan’, not Trump's

VP Kamala Harris claims Goldman Sachs supports her economic plan over Trump's, arguing it would grow the economy while his would shrink it.

US Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event in Greensboro, North Carolina, on September 12, 2024. (Photo by Jim WATSON / AFP) (AFP)(HT_PRINT)

Updated on Sep 14, 2024 04:44 AM IST

ByTuhin Das Mahapatra

Kamala Harris' victory best for US economy rather than Trump's: Goldman Sachs

Goldman Sachs asserts a Kamala Harris victory in 2024 would boost the US economy, while a Trump win could hinder growth due to several proposed policies.

Democratic presidential nominee Vice President Kamala Harris speaks during a campaign stop at the Throwback Brewery, in North Hampton, N.H., Wednesday, Sept. 4, 2024. (AP Photo/Steven Senne)(AP)

Published on Sep 05, 2024 08:57 AM IST

ByTuhin Das Mahapatra

Should you invest in gold? Goldman Sachs says 'go for it ' because of China

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk.

Published on Sep 03, 2024 02:44 PM IST

Reuters |

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts

Goldman Sachs said India’s growth next year will be hampered by slower real consumption growth and the government’s commitment to reduce fiscal deficit

A view of the Goldman Sachs stall on the floor of the New York Stock Exchange. (Reuters)

Published on Aug 24, 2024 11:18 AM IST

Bloomberg |

Indian-American billionaire gets 7.5-year prison for defrauding investors

A former jet-setting Chicago billionaire was sentenced to seven and a half years in prison for a $1 billion fraud at an advertising startup.

Indian-American Rishi Shah, 38, the co-founder of Outcome Health, which provided ads on TVs in doctors’ offices, was convicted of more than a dozen fraud and money laundering charges by a federal jury last year.(Twitter/@PaulCBrunson)

Published on Jul 02, 2024 01:34 AM IST

Bloomberg | | Posted by Shweta Kukreti

AI investments may not bring great returns in the near future: Goldman Sachs

Companies investing in AI may not see great returns in the near future since AI as a tool doesn't bring about great productivity benefits in most cases yet.

Most of the money being invested into AI technology is actually spent on its infrastructure and hardware, including data centers, the power grid, and chips. (Thinkstock)

Published on Jun 30, 2024 08:00 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Goldman Sachs favours Euro for its favorite carry trade, the Rupee

Goldman Sachs carry trades the Rupee using Euros, betting the European Central Bank will further reduce interest rates, while the RBI keeps the Rupee stable.

Published on Jun 28, 2024 08:46 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Woman's Bumble bio lands her a job reference at JP Morgan. Here's what happened

When the woman posted that she would get along with someone who had a connection in either JP Morgan or Goldman Sachs in her Bumble bio, someone referred her.

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Published on May 13, 2024 10:30 AM IST

ByVrinda Jain

Goldman Sachs predicts this ‘favourable scenario’ for Indian economy by 2030

The current account deficit could also improve to average around 0.6% of GDP over the medium term, Goldman Sachs said.

Updated on May 02, 2024 02:05 PM IST

Goldman Sachs may be in talks to transfer GM credit-card partnership to Barclays

Barclays is the leading candidate to take over issuance of the credit cards, which have about $2 billion of outstanding balances, the report said.

Published on Apr 30, 2024 10:21 AM IST

Reuters |

Blinkit now more valuable than Zomato's food delivery business: Goldman Sachs

Goldman Sachs now values Blinkit at ₹119 per share at a $13 billion equity valuation.

Blinkit and Zomato logos are seen in this illustration.(Reuters)

Updated on Apr 26, 2024 12:59 PM IST

AI in banks? What CEOs of JPMorgan, Goldman Sachs and more are saying

CEOs from across the globe have shared their opinions on AI being used in the banking sector. Here is what they have to say about it

JPMorgan is one of the early adopters of AI and has been doing very well in its implementation.

Published on Apr 24, 2024 03:44 PM IST

Aditya Srivastava: Goldman Sachs to UPSC Civil Services 2023 topper: 8 points

Union Public Service Commission (UPSC) declared the results for the Civil Services Exam 2023, with IIT-Kanpur alumnus Aditya Srivastava securing the top rank.

Aditya Srivastava tops civil services 2023 examination. (Handout)

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Updated on Apr 16, 2024 05:41 PM IST

ByVrinda Jain

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024

A Goldman Sachs research report says EV uptake is at a turning point, and hybrids and plug-in hybrids are giving a tough competition.

Indicating a shift towards eco-friendly options, a survey has found that an increasing number of Puneites are now willing to buy Electric vehicles (EVs). (REPRESENTATIVE IMAGE)

car bike

Published on Mar 31, 2024 04:01 PM IST

ANI |

Goldman Sachs raises Reliance Industries stock target price with ‘buy’ rating

Goldman Sachs cited favorable factors such as the expected value accretion from the Reliance-Disney joint venture.

Updated on Mar 27, 2024 10:42 AM IST

Goldman Sachs says it will exit Japan transaction banking

The financial group will close Goldman Sachs Bank USA Tokyo Branch, whose sole purpose was to support transaction banking in Japan.