Search Result for : Goldman Sachs

PTI A top US body in international education and global investment banking has announced a scholarship and mentoring programme for the Indian women university students in science and technology-related fields. Under the scholarship - 'WeTech Goldman Sachs Scholars' - announced by the Institute of International Education (IIE) and Goldman Sachs, 25 Indian women will receive a merit-based $1,500 scholarships for the 2017-18 school year and be connected with an experienced mentor from Goldman Sachs for a six-month mentorship from June through December 2017, a statement said yesterday. "Engaging women at various stages from their academic years to a career is a critical step in addressing the gender gap often seen in the technology industry," said Shubha Iyer, managing director ...

The Dollar Business Bureau Financial services firm, Goldman Sachs, has revised its CPI forecast slightly upwards for India to 5.5 percent for the current fiscal 2016-17 mentioning higher prices of food. However, the firm said that the upside risks are partial due to a delay in rolling out the seventh pay commission. According to the American multinational banking major, narrowing gap of the output and dwindling favourable base effects due to weak prices of commodities may result in an increase in inflation. “We mechanically adjust our FY17 headline CPI inflation forecasts upwards to 5.5 percent y-o-y, from 5.3 percent earlier, due to higher than expected food inflation readings year-to-date,” Goldman Sachs said in a research note. “Core inflation is likely to average 4.8 percent ...

The Dollar Business Bureau  Essel Highways Ltd (EIL) on Friday said that it has secured a loan of $85 million from the investment banker Goldman Sachs for funding the new projects and planned acquisitions.  “Essel Highways, a subsidiary of Essel Infraprojects Ltd, has secured the $85 million loan from the investment banker, which will be used to finance new projects and strategic acquisitions,” EIL said in a statement. The fresh funds will enhance the Essel’s ability to grow its portfolio of road projects and allow for additional planned acquisitions, said Ashok Agarwal, CEO and Whole Time Director, EIL.  “The debentures subscription from a globally renowned institution such as Goldman Sachs will further enhance our position in the market and support us in our endeavour ...

The Dollar Business Bureau Witnessing a combined annual growth rate (CAGR) of 49 percent in its assets, NBFC IndoStar Capital Finance, a wholesale credit institution, is eyeing to ramp up its lending for Small and Medium Enterprises (SMEs) this year and to increase its loan book five-fold to Rs.1,200 crore.  Vimal Bhandari, Chief Executive and Managing Director, IndoStar said, "We are looking to ramp up our SME business in 2016 and create an AUM (assets under management) of Rs.1,200 crore by expanding geographically.” “We have closed our SME portfolio in the first year with an asset size of Rs.223 crore, through our four branches," he added. Bhandari mentioned that the major drivers of growth will be digital strategy and direct ...

The Dollar Business Bureau Warren Buffet is said to be backing the group bidding for Yahoo! Inc.’s core assets after famously staying on the sidelines through two Internet booms. The Chairman of Berkshire Hathaway Inc., Buffett, 85, is supporting a group of investors comprising of Quicken Loans Inc. founder Dan Gilbert in the second round of bidding for Yahoo’s Internet assets. Berkshire had been providing funds for buyouts as well as patient capital for firms in crisis. In 2014, Burger King Worldwide Inc. was financially helped by Buffett worth $3 billion with its takeover of Canadian doughnut chain Tim Hortons Inc. In 2008, he helped Goldman Sachs Group Inc. as well value $5 billion during the financial crisis. In the Burger King and Goldman Sachs contacts, Buffett ...

The Dollar Business Bureau The prices of oil surged more than one percent on Monday after Goldman Sachs said the oil oversupply of two years in the market had ended due to oil disruptions globally and overturned into a deficit. The Brent crude futures LCOc1 were traded at $48.50 per barrel at 0255 GMT, a rise of 67 cents, or 1.4 percent, from their previous settlement. Oil disruptions from major suppliers including China, Nigeria, the United States, and Venezuela, caused a U-turn in the oil outlook of Goldman Sachs, which has for long cautioned of bloated storage and another steep fall in the oil prices. "The oil market has gone from nearing storage saturation to being in deficit ...

The Dollar Business Bureau CCI has sanctioned the stake purchase of Goldman Sachs in Amber enterprise limited.The fair trade regulator, Competition Commission of India has tweeted that it “approves acquisition of 2,00,000 CCP shares, 36 per cent of issued capital of Amber Enterprises (India) Pvt Ltd by Goldman Sachs entities.”The CCP shares refer to the Cumulative Convertible preference shares. Amber Enterprise limited is the leading manufacturer of white goods. They manufacture and customize the original equipment according to the specifications needed. Financial Major Goldman Sachs is a US based global investment banking, investment management and securities management firm. They offer financial services to a variety of firms including the corporations.

The Dollar Business Bureau The Govt of India’s statistics department is planning to take a closer look at the discounts being offered on the ecommerce platforms such as Amazon, Flipkart and Snapdeal with a view to understand the whole dynamics of the consumer price index. CPI is a key indicator of the Reserve Bank of India, when deciding the monetary policy. The ministry wants more clarity on the CPI basket by keeping track of the price movements in the online market. The decision by the Govt. has come at a time when there is a growing demand in online shopping including groceries, clothing and footwear which the ministry feels is not getting captured. An official remarked that, “Online shopping is not reflecting in ...