Goldman Sachs

India could surpass US to be world's second-biggest economy by 2075. Here's how

Currently, India is the fifth largest economy and is expected to leave behind Germany, Japan and the United States. China enjoys the top-most spot

As Apple tries to launch its credit card in India, Goldman Sachs is trying to bail out

Apple is planning to launch the Apple Card, its own credit card in India. In the US, it is provided to customers in partnership with MasterCard and Goldman Sachs. Goldman Sachs meanwhile is trying to bail out

Goldman Sachs cuts forecasts for China’s economic growth as property slowdown bites

The U.S. investment bank lowered its full-year real gross domestic product growth forecast for the world’s second biggest economy from 6 per cent to 5.4 per cent, according to a note published late on Sunday

Goldman Sachs to pay $215m for sex discrimination: The case explained

The lawsuit against Goldman Sachs has finally reached a settlement after more than a decade, with the Wall Street bank paying Rs 17.63 billion to over 2,800 female employees. The lawsuit alleged the bank underpaid women compared to men, and denied them promotions

Goldman Sachs plans to reduce asset management investments; details to be revealed on 28 February

Goldman's fourth-quarter performance was extremely disappointing. It missed Wall Street profit targets by a huge margin

Explained: Why Amazon’s 18,000 employees being laid off is just the tip of the iceberg for 2023

Amazon isn’t the only company firing employees. Other big firms, including Goldman Sachs and McDonald’s, will see mass layoffs in the coming months. Just a week into 2023 and 30,000 jobs have already been cut across the globe and the situation is only going to worsen

Goldman Sachs to cut about 3,200 jobs this week: Report

The uncertain outlook for markets and the economy, fears of persistent inflation, an expensive consumer banking foray and slowdown in various business lines has prompted Goldman Sachs to undertake this move.

India's economic growth to decline to 5.9% in 2023, predicts Goldman Sachs

For 2023, it has pegged the GDP growth at 5.9 per cent compared to projected expansion of 6.9 per cent in 2022. Growth is expected to be a tale of two halves, with a slower first half in 2023 as the reopening boost fades and monetary tightening weighs on domestic demand

What is a recession? When is the next one going to begin?

According to America's National Bureau of Economic Research, a recession is 'a significant decline in economic activity' that is widespread and lasts several months. That means not only shrinking GDP but also declining incomes, employment, industrial production and retail sales

'US at very, very high risk of inflation', says Goldman Sachs' Senior Chairman Lloyd Blankfein

Blankfein stated that there is a 'narrow path' for the Federal Reserve to avoid recession. The investment banker added that bringing inflation down to the central bank's target of 2 percent is 'going to involve some pain'