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| Articles about Goldman Sachs |
| | Goldman Sachs acquires 8.16% stake in NDTV | | 2008-04-24 21:48:00 | | Goldman Sachs acquired 8.16% stake in New Delhi Television (NDTV), last week, reports Business Lines.The global firm has acquired the stake when an open offer by the company is going to start shortly. It was scheduled to start on February 12 and close on Mar. 3, 2008 but has been delayed.At the end of last year, Prannoy Roy and his wife Radhika Roy, promoters of NDTV, announced an open offer to acquire 20% equity stake of the company for Rs 438.98 a share, worth Rs 5.50 billion.The open offer followed the promoters` acquisition of 7.73% stake from GA Global Investments in December. Prannoy Roy bought the stake of 4,836,000 shares from the PE Fund. This increased the stake of the promoters to 61% from 53.3% the company.Shares of NDTV declined Rs 4.25, or 1.01%, to end at Rs 416.5. The total volume of shares traded was 33,270 at the BSE. (Thursday) | | By: Indian stock markets | | |
| | 29 Students from India Named 2008 Goldman Sachs Global Leaders | | 2008-03-28 05:48:00 | | The Goldman Sachs Foundation and the Institute of International Education (IIE) today announced that an extraordinary group of 29 second-year students from leading Indian colleges have been named as 2008 Goldman Sachs Global Leaders, the third class of students in India to be so honored.Since 2001, the Goldman Sachs Global Leaders Program (GSGLP), developed by The Goldman Sachs Foundation and IIE, has been a pioneer in identifying and developing some of the world's most promising future leaders. | | By: Brand Mantra | | |
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| Holdings in Indian Companies by Lehman Brothers and Goldman Sachs | | 2008-03-23 23:18:00 | | Company Long Name Holder's Name % Stake No of Shares Ansal Buildwell Ltd Lehman Brothres Asia Ltd 3.03 223436 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 2.01 229236 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 3.33 380774 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 3.33 1903870 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 3.99 2396154 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 4.19 2396154 Spice Communications Ltd Lehman Brothers Opportunity Ltd 1.33 9203339 Edelweiss Capital Ltd Lehman Brothers Netherlands Horions BV 1.8 1350000 Cranes Software International Ltd Lehman Brothers International Europe 2.14 2457492 Nava Bharat Ventures Ltd Lehman Brothers International (EURORE) - A/C L B India Holdings Mauritius II Ltd 2.65 1925245 Cranes Software International Ltd Lehman Br | | By: Indian stock markets | | |
| | Goldman Sachs to cut up to 15 pct of staff - NY Post | | 2008-03-22 00:17:00 | | Goldman Sachs Group Inc plans to shed up to 15 percent of its work force, from its capital markets division and related support staff, the New York Post said on Friday.Citing sources familiar with the matter, the Post said the the cuts are expected to come in the firm's capital markets division, which includes investment banking, debt and equity underwriting and merger advice.A Goldman representative could not be reached for immediate comment.The job losses would be in addition to cuts that Goldman announced in January, the paper said.In January, the company said it would cut five percent of its workforce, with details to be announced by March.Employees were first notified about the cuts on Monday, with most of them taking place by the end of March, the Post said. It said Goldman employs about 32,000 people.U.S. financial services companies have eliminated thousands of jobs since the middle of 2007 as a credit crunch once concentrated in subprime home loans broadened, hitting firms thr | | By: Indian stock markets | | |
| | Goldman Sachs Launches 10,000 Women | | 2008-03-07 04:48:00 | | The Goldman Sachs Group, Inc. (NYSE: GS) announced 10,000 Women, a global initiative that will provide 10,000 underserved women, predominantly in developing and emerging markets, with a business and management education. The initiative will invest in a largely untapped yet significant resource - the exponential power of women as entrepreneurs and managers. Through partnerships between universities in the U.S. and Europe and business schools in emerging and developing countries, 10,000 Women also | | By: Brand Mantra | | |
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| Goldman Sachs Invests $2 Bill. in Russia real estate | | 2008-03-04 17:14:00 | | The Goldman Sachs investment bank, which has real estate investment worth $23.7 billion worldwide, will begin investing in the Russian real estate market. The bank is in the process of forming a $4-billion fund for real estate investments in the BRIC countries (Brazil, Russia, India and China). Almost half of the money will go to Russia and, of that portion, two-thirds will be invested in Moscow and the remainder in St. Petersburg and other cities with populations over 1 million.
| | By: Russia real estate news | | |
| | Goldman Sachs Appoints Michael Evans, Michael Sherwood Vice Chairmen | | 2008-02-28 05:15:00 | | The Goldman Sachs Group, Inc. (NYSE: GS) today announced that J. Michael Evans and Michael S. Sherwood have been appointed vice chairmen of the firm, effective immediately.Both Evans and Sherwood will continue to have global oversight of the securities business. Evans will remain chairman of Goldman Sachs Asia and Sherwood will remain co-chief executive officer of Goldman Sachs International. As firm vice chairmen, they join John S. Weinberg, who was appointed to that role in 2006."Mike and Mich | | By: Brand Mantra | | |
| | VISA IPO - Goldman Sachs Financial Institutions Group | | 2008-01-12 12:35:58 | | Overview:
Visa, a leading provider of credit and debit cards, plans to raise up to $10 billion in the second largest IPO in United States history. The San Francisco-based company processes more than half of all credit card transactions in the United States and has a strong global brand. Visa plans to be listed under the [...] | | By: Sharpe Investing | | |
| | Goldman Sachs sees recession in 2008 | | 2008-01-09 09:50:00 | | NEW YORK (Reuters) - Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.In a note to clients, Goldman said real gross domestic product would contract by 1 percent on an annualized basis in both the second and third quarters. For all of 2008, the investment bank said GDP would rise by 0.8 percent. The unemployment rate will rise to 6.5 percent in 2009 from the current 5 percent, it said. The weakening economy will force the Fed to lower policy rates by an additional 1.75 percentage points from the current 4.25 percent. Starting in September, the Fed cut rates at the last three meetings of the Federal Open Market Committee, reducing the target rate on loans between banks by 1 percentage point from 5.25 percent. Goldman strongly advises fund managers to overweight health care, consumer staples, energy and utilities. They are significantly underweight consumer discretionary, financials, industrials, materials and information technology. The three most significant changes to their sector recommendations are the reduction in the financial sector weighting by 300 basis points to 14 percent, the information technology weighting by 400 basis points to 15 percent, and the increase in their health care weighting by 300 basis points to 17 percent, the firm said. Their reduced allocation to financials reflects weak fundamentals and their declining weight in the S&P 500. The reduction in information technology reflects that the group has been the second-worst performing sector in both the six months leading up to a recession and during the first phase of a recession, Goldman said. The health care weighting change reflects strong performance of the group during the six months leading up to and during the first phase of a recession in addition to an attractive valuation, Goldman said. On Monday, Merrill Lynch e | | By: How to be Rich, Happy and Free from Scams | | |
| | Goldman Sachs, Macquarie to buy 20% stake in PTC India | | 2008-01-01 07:12:00 | | PTC India together with PTC India Financial Services (PFS), Goldman Sachs and Macquarie India Holdings (Macquarie) on Dec. 28, 2007 entered into a share subscription agreement and shareholders agreement, pursuant to which Goldman Sachs and Macquarie agreed to subscribe through fresh issue of equity shares to 20% each of the aggregate issued share capital of PFS.The completion of the transaction is subject to PTC, PFS, Goldman Sachs, and Macquarie obtaining all necessary approvals.The FIPB granted the company to invite equity participation from Goldman Sachs and Macquarie for up to 40% of the paid up capital of PFS.N M Rothschild & Sons (India) was the sole sell side advisor on the transaction and was responsible for conducting and managing an organized process of selection and induction of investors.Shares of PTC India declined Rs 7.85, or 4.72%, to settle at Rs 158.55. The total volume of shares traded was 570,572 at the BSE. (Tuesday) | | By: Indian stock markets | | |
| | Goldman Sachs set to beat Merrill in Italy property fund | | 2007-08-02 06:39:00 | | MILAN,(Reuters) - Goldman Sachs (GS.N: Quote, Profile, Research) is poised to win a war with Merrill Lynch (MER.N: Quote, Profile, Research) for an Italian real estate fund after its higher offer, valuing the fund around 548 million euros ($750.9 million), won the favour of the fund's manager. Goldman's final offer for 95 percent of the Berenice fund (QFBER.MI: Quote, Profile, Research), or 570,000 units, stood at 913 euros per unit against Merrill's 827 euros.
| | By: Italy real estate | | |
| | GSTrUE: Goldman Sachs's Tradable Unregistered Equity OTC Market | | 2007-07-20 06:12:00 | | As private equity, hedge funds, and other alternative asset management firms seek additional capital, keeping internal operations confidential remains an important priority. These companies rely on secrecy and limited disclosure to protect future plans, unique trading strategies, or other business practices. Because of this need to keep operations confidential, raising capital through global exchanges that are heavily regulated and require large amounts of disclosure is a less attractive option.GSTrUEThis need to raise capital but limit disclosure is a service Goldman Sachs's GSTrUE (GS Tradable Unregistered Equity OTC Market) intends to provide. GSTrUE is a private market that provides access to only institutional and highly sophisticated investors. This market allows private companies to raise capital without the disclosure requirements of public markets.GSTrUE follows specific SEC rules to avoid the disclosure requirements. Under these rules, companies are able to sell securities w | | By: Sharpe Investing | | |
| | GSTrUE: Goldman Sachs’s Tradable Unregistered Equity OTC Market | | 2007-07-20 06:12:00 | | As private equity, hedge funds, and other alternative asset management firms seek additional capital, keeping internal operations confidential remains an important priority.
These companies rely on secrecy and limited disclosure to protect future plans, unique trading strategies, or other business practices. Because of this need to keep operations confidential, raising capital through global exchanges that are heavily regulated and require large amounts of disclosure is a less attractive option.
GSTrUEThis need to raise capital but limit disclosure is a service Goldman Sachs’s GSTrUE (GS Tradable Unregistered Equity OTC Market) intends to provide. GSTrUE is a private market that provides access to only institutional and highly sophisticated investors. This market allows private companies to raise capital without the disclosure requirements of public markets.
GSTrUE follows specific SEC rules to avoid the disclosure requirements. Under these rules, companies are able to sell secu | | By: Sharpe Investing | | |
| | | | | | Do you want to get into Goldman Sachs? | | 2007-05-23 16:13:00 | | Hi all…I found this article on getting into Goldman Sachs. By the way, my professional specialization is management consulting for the financial services industry….so my life’s not only about slimming down and making money online…hahah and…I hope that makes me less bimbo-ish? hahaAnyway, for those who are fascinated about Goldman Sachs as “The Firm” to get into…the article below may prove useful to you :)====================================================Want to land a job at ‘The Firm’? Here’s how, by those who’ve done it before.1) Interview again and again (and again)Most front-office banking jobs involve a handful of interviews. Jobs at Goldman involve a dumper-truck full. We spoke to one former executive director at the bank, who joined as an associate back in the late 1990s. He had 47 interviews for the role.“Back in those days, there was a real feeling that hiring by consensus was the way to go,” he says. “Two people tried to veto me and I had to re | | By: How to be Rich, Happy and Free from Scams | | |
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