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Thursday, March 28, 2024
TopicGoldman Sachs

Topic: Goldman Sachs

Omer Ismail, the banker from Karachi chosen to transform consumer banking at Goldman Sachs

Omer Ismail, 41, who came to the US from Pakistan after 9/11, has to transform the famously fierce Wall Street bank into a friendly face for Main Street.

India will see its worst recession ever with 45% GDP fall in Q2 this year, Goldman says

The estimates imply real GDP will fall by 5% in fiscal 2021, which would be deeper than any other recession India has ever experienced, Goldman says.

Goldman Sachs consumer banking chief in running for HDFC’s CEO position

HDFC Bank has a market capitalisation of about $86 billion, giving it a bigger standing than major US banks like Goldman and Morgan Stanley.

RBI doesn’t have much room to cut interest rates anymore, Goldman Sachs says

Goldman analysts say there may not be a need for any ‘further significant loosening of monetary policy stance’ unless economic conditions warrant so.

Goldman Sachs V-P arrested for Rs 38 crore fraud, ‘wanted to pay off online poker debts’

Ashwani Jhunjhunwala was caught after making a suspicious transaction to divert money to the Hong Kong account of a company called Synergy Wisdom Ltd.

Two gods of central banking will bequeath future to mere mortals

Mario Draghi and Mark Carney know how to make an entrance, and leave pretty big shoes to fill in when they exit their European banking offices.

Europe’s biggest fund manager favours India

Emerging markets like India and Chile fare better than Turkey. 

Goldman Sachs sees India rate cut next month as inflation slows

The bank is the latest to add its voice to a chorus of calls for monetary policy easing.

Rajat Gupta fails to get his insider-trading conviction overturned

Rajat Gupta has already served his prison term but a ruling in his favour would have cleared the conviction from his record.

The rock n’ roll loving leader of Goldman Sachs India on merger rush in the country

A confluence of factors helped India draw more inbound investments than China for only the second time in a decade.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.