Goldman Sachs turns ‘overweight’ on Indian stocks as growth outlook improves| Business News

Goldman Sachs Group Inc. has turned overweight on Indian stocks, expecting government policies and improving corporate earnings to help the nation’s $5.4 trillion market catch up with Asian peers. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) The Wall Street bank expects the NSE Nifty 50 Index to reach 29,000 by end-2026, […]

Goldman Sachs warns staff of more layoffs as AI saves costs| Business News

Goldman Sachs Group Inc. told staffers to expect an additional round of layoffs this year as the bank seeks further savings across its businesses and takes advantage of the opportunities presented by Artificial Intelligence. Goldman Sachs’ headcount was 48,300 at the end of September, about 1,800 more employees than at the end of last year. […]