According to Goldman Sachs, Gold is less likely to be influenced by tighter financial conditions which makes it "a useful portfolio diversifier" in comparison to Bitcoin.
The company's decision to cut jobs comes after chief executive David Solomon announced plans to curtail "Main Street" banking ambitions, reports The Financial Times.
Indian economic growth is likely to plummet to a multi-decade low of 1.6% in fiscal year 2020-21 due to COVID-19 pandemic and ensuing measures like lockdowns and social distancing
The RBI Monetary Policy Committee (MPC) reduced repo rate by 25 basis points on Friday to 5.15 per cent and decided to maintain the accommodative stance "as long as it is necessary to revive growth while ensuring that inflation remains within the target".
"The employee (Jhunjunwala) has been immediately dismissed. We are also engaged with the authorities (police) to activate criminal proceedings," the company told IANS in an e-mail.
Ashwani Jhunjhunwala, the firm's vice president, has been arrested and will be produced in court, deputy commissioner of police of Whitefield M N Anucheth told PTI.
According to the global financial services major, there is likely to be continued upward pressure on core inflation and revised upwards its FY19 inflation forecast to 5.2 per cent (as against 5.3 per cent earlier).
The government, on Tuesday, announced a capital infusion of Rs 2.11 lakh crore in state-run banks over a period of two years.
Goldman Sachs, the world's second largest investment bank, has warned that London "will stall" because of the risks from Britain's exit from the European Union (EU).
The coming Budget could see the government set the fiscal deficit target in the range of 3.3-3.4 percent of GDP for the financial year 2017-18, research reports have said. "We think that the government
Homecoming of former global managing director of McKinsey and Co and Goldman Sachs board member Rajat Gupta has called for a toast from his other CEO friends in India. After serving his two-year jail term
One97 Communications, which runs the mobile wallet major and e-commerce platform Paytm, is in advanced talks with three firms to raise fresh funding of about Rs 2,000 crore.
New York: Less than three months before his prison term is slated to end, India-born former Goldman Sachs director Rajat Gupta has lost yet another bid to overturn his conviction on insider trading charges, with
Mumbai: Reliance Capital, a part of the Anil Ambani-led group, on Wednesday said it is acquiring Goldman Sachs Asset Management's onshore business in India like mutual funds and exchange-traded funds for Rs.243 crore ($37.5 million)
New Delhi: Business activity picked up in the second quarter of 2015, largely on the back of better investment demand and improvements in commercial vehicle sales, Goldman Sachs said on Tuesday.The global financial giant said
The e-commerce market will account for 2.5 percent of the India's GDP by 2030, growing 15 times and reaching $300 billion, a report said on Wednesday.The current market size of e-commerce is $20 billion.The report
New Delhi: Mobile food delivery app Foodpanda today announced raising of fresh funds to the tune of $ 100 million (about Rs 635 crore) in a financing round led by Goldman Sachs.Existing investors, including Rocket
Washington: Amid fresh rumours that Google may launch a takeover bid for Twitter, the micro-blogging site added over $1 billion to its market cap Tuesday amid heavy buying.Two companies are believed to have contacted Twitter
New York: The U.S. Supreme Court has denied an appeal by India-born former Goldman Sachs Director Rajat Gupta, who had challenged a ruling by a lower court permanently banning him from serving as an officer
New Delhi: Oil prices on Monday tumbled to fresh 5.5-year lows under $49 per barrel. The fall comes amid US investment bank Goldman Sachs cutting its price outlook and the ongoing global crude supply glut.Brent
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