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Professional networking platforms, such as LinkedIn and Grapevine, were full of stories of layoffs
With India running one of the highest public debt to GDP ratios among emerging markets globally, firm adherence to the fiscal consolidation would seem the most appropriate path
The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years
The government aims to shrink the gap to below 4.5% of GDP by 2025-26
The cuts also come a week before the bank's traditional year-end compensation discussions
Top managers have been asked to identify potential cost-reduction targets, and no final job-cut number has been determined
Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business
Floor price fixed at Rs 680/share, an over 7% discount to Wednesday closing price
While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia
India has consistently attracted annual foreign direct investments of $50 billion to $55 billion, even in the pandemic, Sengupta said
Citigroup on Wednesday forecast global growth to slow to below 2% next year, echoing similar projections by major financial institutions such as Goldman Sachs, Barclays, and J.P. Morgan
India's annual economic growth is forecast to slow to about 6% for a few years, according to economists from Goldman Sachs Group Inc. and Barclays Plc.. And they say that's not such a bad thing
Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals
Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals
On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023
Gross domestic product may expand by 5.9% in calendar year 2023 from an estimated 6.9% this year
Crude has erased the gains made at the start of the quarter, when the Organization of Petroleum Exporting Countries and allies including Russia agreed to reduce production by 2 million barrels a day
In a Q&A, Rajat Sood and Som Krishna say their company isn't absolutely return-focused, but is a relative value investor that is looking out for bogh buyouts and minority stakes
Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week