Saudi Aramco to sell up to 0.05% shares to individual retail investors; prospectus flags risks, gives few details on IPO size
Aramco cannot list additional shares for a period of six months after trading starts, and will also be restricted from issuing additional shares for 12 months
Uber faces huge losses as it is currently struggling to win investor confidence.
The IPO preparations were revived this summer after Aramco attracted huge interest in its first international bond sale, seen as a pre-IPO relationship-building exercise with investors.
The consumption slump, a major challenge afflicting the economy, cannot be attributed to the NBFC crisis as it predates the first default by infra lender IL&FS, says a brokerage, which has also slashed growth forecast to 6 percent with a downward bias
The RBI Monetary Policy Committee (MPC) reduced repo rate by 25 basis points on Friday to 5.15 percent and decided to maintain an accommodative stance
RBI likely to reduce repo rates by 25 bps on 4 October amid weak economic activity, benign inflation: Goldman Sachs
The RBI is expected to go for a further rate cut in the ensuing monetary policy review meet amid weak economic activity and benign inflation, Goldman Sachs said in a report on Monday
Donald Trump says he favours 'whole deal' with China, claims an 'easy agreement' not possible amid preparation of trade talks
President Donald Trump said he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact
Donald Trump calls China's decision to grant concessions on some US goods as 'big move' ahead of trade talks
US President Donald Trump welcomed China’s decision to exempt some US anti-cancer drugs and other goods from its tariffs
Aramco has said it plans to float around five percent of the state-owned company in 2020 or 2021
Goldman Sachs VP arrested in Bengaluru for swindling firm of Rs 38 crore to repay poker debt, says police
A senior executive of global investment firm Goldman Sachs was arrested in Bengaluru on Tuesday for allegedly swindling the firm of Rs 38 crore to overcome financial losses.
Apple claims that Apple Card, unlike most physical credit cards, is a lot more secure because it's virtual.
Jade Mandel from Goldman Sachs will be joining the H2O.ai board of directors, it said.
Donald Trump says 'not ready' for China trade deal, dismisses concerns over recession, faltering economic growth
US President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering
Notwithstanding India's progress on growth and inflation, some of the big challenges for the economy include weak investment, muted monetary transmission and slow GST collections, according to Goldman Sachs
Donald Trump delays 10% tariffs on Chinese cellphones, laptops, toys; markets jump as relief for retailers, technology groups
Donald Trump on Tuesday backed off his 1 September deadline for 10 percent tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods
Donald Trump accuses China of killing US economy with 'unfair trade deals' as tensions escalate over tariffs
US President Donald Trump on Wednesday said his tough stance on China’s economic and trade policies would ultimately benefit the American economy
The card is designed to work with the iPhone approved via the Apple Wallet app and Apple Pay system.
Deutsche Bank's turnaround strategy rests on shedding 288 bn euros of unwanted assets; to offload most of its derivatives by 2020
Deutsche Bank's derivatives plan is part of a broader restructuring, in which it will shed 18,000 jobs worldwide
n a report that came a day after the policy review by RBI, in which key rates were cut 0.25% to spur growth, the brokerage said it expects an acceleration in GDP to 7.2%.
Arista CEO Jayshree Ullal, Syntel's Neerja Sethi, Confluent's Neha Narkhede among America's richest self-made women: Forbes
Ullal, who has been ranked 18th in the list, has a net worth of $1.4 billion. The 58-year old owns about 5 percent of Arista's stock.