IIT Guwahati Placements 2020: The Indian Institute of Technology (IIT) Guwahati placement sessions began on Tuesday in virtual mode and a total of 69 offers have been made as of the institution’s publication of this press release. Companies such as Google, Microsoft, Goldman Sachs, Qualcomm, Texas Instruments, Adobe, Quadaye, Oracle, …
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Goldman Sachs on Tuesday revised India’s GDP target for fiscal year 21 to a 10.3% contraction compared to the previous forecast of a 14.8% contraction. He believes that GDP growth will recover to 13% in fiscal year 22 on the low base and benefits of the vaccine. The US-based firm …
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India’s currency is strong, the stock market is rising, and long-term interest rates are under control. The technical recession that ruined the June and September quarters is probably over. Prime Minister Narendra Modi has rolled out the red carpet for industries ranging from automobiles and solar panels to specialty steels. …
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MUMBAI: Goldman Sachs has raised Indian stocks to overweight in hopes that the earnings recovery will lead to the rally. Goldman Sachs was a structural bull in India, but had dropped India to market weight in April on national shutdown concerns, increased pandemic cases, and expectations of a significant contraction …
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Goldman Sachs and Fitch Ratings on Tuesday forecast a deeper-than-previously estimated economic recession for India in fiscal year 21, arguing that limited fiscal support, fragilities in the financial system and a continued rise in coronavirus cases are hampering a rapid normalization of economic activity. Investment bank Goldman Sachs anticipates that …
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Global rating and research houses such as Fitch and Goldman Sachs have cut their estimates of growth for India’s gross domestic product (GDP) for the current fiscal year 2020-21 (FY21). While Fitch now expects the country’s GDP to contract 10.5 percent in fiscal year 21 compared to its previous estimate …
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Investment bank Goldman Sachs said Tuesday that it expects the Indian economy to experience a deeper recession in fiscal year 21 with a 14.8% contraction from its previous estimate of an 11.8% drop in economic activity. “In light of the second quarter GDP report (June quarter), we are making further …
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The market rally that began in March 2020 after reaching its lowest point in calendar year 2020 has more legs, believe analysts at Goldman Sachs, warning that there could be intermittent corrections along the way. Markets, says Goldman Sachs, are in the first phase of a new investment cycle, which …
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[ad_1] By Mihir Sharma When PM Narendra Modi recently announced a stimulus package for India, said that it was for value of Rs. $ 20 billion — $265 million, equivalent to approximately 10% of the GDP of the country. This seemed to fit with the amounts that are spent by …
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[ad_1] After Prime Minister Narendra Modi’s announcement of a Rs 20 trillion revival package, and the clarification of Finance Minister Nirmala Sitharaman’s measures in five tranches, the response was appalling. Sensex crashed by 1,069 points on Monday. Goldman Sachs forecast that GDP growth this year would collapse to –5%. Former …
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