Citi has put a ‘buy’ recommendation on Vodafone Idea after the recent govt decision to waive off the bank guarantee requirement for spectrum acquired in past auctions. It has a price target of Rs 13 (+67%).BofA Securities has reiterated its ‘underperform’ rating on Indiamart Intermesh with a cut in target price to Rs 2,010 (-11%),…
NEW DELHI: India needs to create 10 million jobs annually to maintain an average 6.5% gross value-added growth, investment bank Goldman Sachs has estimated and suggested three policy focus areas to raise the country’s employment rate.The suggested three areas of focus include incentivising ‘affordable social housing’ development in the construction sector, diversifying locations of IT…
As the market’s focus shifts from momentum to quality and FII outflows persist, the trading strategy has changed from buying on dips to selling on rallies. No fireworks from Sensex this Diwali! The Indian stock market has been experiencing a significant downturn, with the Nifty falling nearly 6% and the Sensex losing over 4,800 points…
NEW DELHI: External affairs minister, S Jaishankar, citing a Goldman Sachs study said that India is on track to reach a significant milestone by 2030, becoming the world’s third-largest economy.Addressing the NDTV World Summit 2024: The India Century on Monday, Jaishankar elaborated on the study’s projections, which estimate India’s economy to grow to an impressive…
OpenAI CEO Sam Altman with Microsoft CEO Satya Nadella OpenAI and Microsoft are locked in a high-stakes negotiation over how to translate Microsoft’s nearly $14 billion investment into equity as the AI startup transitions to a for-profit corporation, according to a Wall Street Journal report. This pivotal discussion comes as tensions emerge in their once-celebrated…
Gold price outlook: Goldman Sachs predicts that gold is most likely to experience a price increase in the near future due to its popularity as a risk hedge. The bank believes that upcoming US Federal Reserve rate cuts will attract Western capital back into the gold market, which has been largely absent during the sharp…
Stock market crash today: BSE Sensex and Nifty, crashed in trade on Monday, on the back of growing US recession fears and global factors such as geopolitical tensions in the Middle East and worries over reverse Yen carry trade. BSE Sensex and NSE Nifty both plummeted nearly 3 percent. Santosh Meena, Head of Research at…
NEW DELHI: Gold prices have experienced a notable surge in recent weeks, with the yellow metal witnessing an increase of over 11% in India alone. A recent report from Goldman Sachs highlights that this surge is not solely driven by traditional factors, indicating a shift in the dynamics of the gold market. The report underscores…
