GOLDMAN SACHS
AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in days
Aschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions in software companies such as Adobe moved sharply against it, the report added.
Buy, Sell or Hold: Elara Capital downgrades Swiggy; Morgan Stanley remains overweight on M&M
Top brokerages issued fresh stock views following mixed Q1 FY27 earnings. Elara Capital downgraded Swiggy to Accumulate with a target of Rs 350 over delayed profitability. Morgan Stanley remained Overweight on M&M with a Rs 4,222 target, while Goldman Sachs kept a Neutral stance on Tata Steel at Rs 218.
Oil Price Today (July 31): Crude oil extends fall to $88. What’s behind the decline amid Iran war?
Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defense ministry said 14 countries, including Turkey, Pakistan, Egypt, Sudan and Djibouti, had issued a joint statement backing the proposed maritime security alliance.
Sebi opens faster route for rollout of AIF plans
The Securities and Exchange Board of India has introduced a new green channel mechanism. This new framework, called GARUDA, aims to speed up the launch of Alternative Investment Fund schemes. Regular AIF schemes can now be launched ten days after filing their placement memorandum. Accredited investor only funds and large value funds have been granted further flexibility. These changes will allow for quicker introduction of new AIF plans.
Goldman Sachs Asset Management launches AI investment platform: Report
Goldman Sachs Asset Management has launched AlphaAI, an artificial intelligence investment platform. Lou D'Ambrosio will lead this new platform as chairman of Artificial Intelligence. This platform aims to generate returns from the rapidly evolving AI technology space.
AI to strengthen enterprise software firms, not replace them: Goldman Sachs
Enterprise software firms will likely grow stronger in the AI era. AI adoption increases the value of enterprise data systems and contextual intelligence. Systems of record remain essential for AI applications and their execution. Integrated and well-governed data is increasingly needed for better AI model performance. Contextual layers built on data will provide a lasting competitive advantage.
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Buy, Sell or Hold: Morgan Stanley maintains an Equal-Weight on Eicher Motors; Citi recommends sell on Colgate-Palmolive
Brokerages remained divided on Asian Paints, Colgate-Palmolive India and Eicher Motors after their Q1FY27 earnings. Goldman Sachs and Citi retained 'Sell' calls despite strong quarterly numbers, while Morgan Stanley maintained an 'Equal-Weight' rating on Eicher Motors after the Royal Enfield maker posted an earnings beat led by robust domestic demand.
Oil Price Today (July 30): Crude oil dips below $90 after 8% surge on Wednesday. Here’s why
Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel.
CBIZ Sold for $5 Billion: Grant Thornton mega deal creates fifth-largest US accounting services firm
Grant Thornton Advisors is acquiring CBIZ for five billion dollars. This significant transaction will create the nation's fifth-largest professional services provider. The deal offers CBIZ shareholders a substantial premium of seventeen point eight percent. Grant Thornton's expanded operations will span over twenty countries and territories. The combined entity expects to generate more than seven point five billion dollars in revenue.
Up to 12 pc of non-agri jobs at risk of substitution due to Gen AI: Report
In a special report, Wall Street brokerage Goldman Sachs said the labour market impacts of gen-AI are expected to be "uneven" and it looks gen-AI as a medium-term positive for India's growth outlook.
GenAI may replace up to 12% of India's non-farm jobs, says Goldman Sachs
Generative AI could substitute twelve percent of Indian non-agricultural jobs. Forty-eight percent of jobs will likely be complemented by this technology. Healthcare and education sectors are expected to benefit most from AI augmentation. India's GenAI adoption depends on infrastructure and compute affordability. Widespread adoption could boost annual labor productivity growth significantly.
Gen-AI to boost India's labour productivity by 0.4 percentage points annually over next decade: Goldman Sachs
Over the next decade, generative AI is poised to significantly enhance India's labour productivity, particularly in knowledge-driven sectors such as healthcare and education where improvements are set to be most notable. By automating routine tasks, workers can focus on more value-added activities. Although manufacturing and construction are likely to see lesser benefits, the overall success hinges on crucial investments in digital infrastructure and technology.
L&T shares rise 4% after Q1 earnings. Why Goldman Sachs, other brokerages remain bullish?
Larsen & Toubro (L&T) shares climbed after the company reported a 14% YoY rise in Q1 FY27 net profit to ₹4,123 crore. Revenue from operations grew 7% to ₹67,942 crore, with international business contributing 51% of total revenue. Following the strong earnings, brokerages maintained their 'Buy' ratings on the stock.
Oil Price Today (July 29): Crude oil jumps 5% as US intercepts Iranian 'surprise attack’. Big rally ahead?
Brent crude jumped 5% to around $88 a barrel, recovering after its biggest three-day decline since April 2020. The U.S. West Texas Intermediate (WTI) crude advanced $.67, or .47%, to $83.
Manipal Health IPO: Co. garners Rs 4,167 crore from anchor investors; ADIA, Morgan Stanley among investors
Manipal Health Enterprises secured Rs 4,167 crore from anchor investors for its upcoming IPO. The company's initial public offering is set to launch on July 29, aiming for Rs 9,275 crore. This public issue will include a fresh issue and an offer for sale by existing shareholders. Funds raised will be used for debt repayment and acquisitions, enhancing its hospital network.
Hedge funds on track for another stellar year on AI boom
Global hedge funds are on track for an exceptional year, surpassing previous performance benchmarks. In the first half of the year, the average return reached seven percent, well above the historical average. With rising investor interest, nearly half of the investors are looking to increase their hedge fund commitments. Particularly, equity long/short funds have posted remarkable gains by leveraging stock-picking strategies, showing a substantial advantage over conventional passive investment portfolios.
Oil Price Today (July 28): Crude oil dips 10% in two sessions as US, Iran mull peace talks. What are experts saying?
Brent crude futures were down $0.78, or 1%, at $88 a barrel, while US West Texas Intermediate crude fell $0.88, or 1.1%, to $82. Both benchmarks had dropped 1% earlier in the session, touching their lowest levels in more than a week.
Hedge fund bets on rising US healthcare stocks near 5-year high, Goldman says
Hedge funds are actively enhancing their stakes in healthcare stocks, reflecting a significant trend in market behavior. With a notable surge in interest from both speculators and specialized funds, this sector is ripe for investment. The infusion of artificial intelligence into drug discovery is revolutionizing research capabilities, while the Food and Drug Administration's expedited approval processes further boost investor confidence.
Q1 Results today: Coal India, Tata Power, BEL, Coforge, among 68 companies to announce earnings
The Q1 FY27 earnings season gathers pace on Monday, with 68 companies set to announce their April-June quarter results. Key names on the radar include Coal India, Tata Power, Bharat Electronics, Godfrey Phillips, Coforge and Canara Bank. Investors will also track earnings from Indus Towers, Tata Chemicals, HUDCO, Happiest Minds Technologies and several other companies across sectors.
Q1 Results today: SBI Life, Tata Consumer, Hindustan Zinc among 86 companies to announce earnings
A total of 86 companies are slated to announce their Q1 FY27 earnings today, with key names including Tata Consumer Products, SBI Life Insurance, Hindustan Zinc, Shriram Finance, ACC, Bank of Baroda, Bank of India, SAIL, SBI Cards, Laurus Labs and Lodha Developers.
Buy, Sell or Hold? Goldman Sachs maintains a buy on Eternal; Citi recommends sell rating on Dr Reddy’s Laboratories post Q1 results
Goldman Sachs and Citi have issued fresh post-Q1 calls on three stocks. Goldman stays bullish on Eternal (Buy, target Rs 345, 21% upside) due to Blinkit's margin gains. Citi holds a Buy on JSW Energy (target Rs 650) despite EBITDA missing estimates, but maintains a Sell on Dr Reddy's, cutting the target to Rs 1,040 after a 69% profit fall.
Oil at $90-100 will impact macros and the market: Sunil Koul, Goldman Sachs
Global investors show increased interest in India's equity markets recently. Corporate earnings and economic performance have remained quite strong. Foreign investors are diversifying portfolios away from concentrated tech positions. India's market may see a catch-up rally after recent underperformance. Banks and tourism are identified as attractive investment pockets within India.
India's auto parts industry to clock 10% annual growth on semiconductor, defence, EV push: Goldman Sachs
India's auto parts sector will grow ten percent annually through fiscal year thirty. Diversification into semiconductors and defence will fuel this expansion. EBITDA is projected to increase fifteen percent compounded annually. Global supply chain shifts offer new opportunities for Indian manufacturers. Revenue is expected to reach over one hundred twenty-four billion dollars by fiscal year thirty.
US Stock Market: Goldman Sachs launches new private markets platform to expand offerings for wealthy clients
Goldman Sachs has launched a new platform to expand private market offerings. Investor demand for access to privately held companies continues to grow. This initiative caters to affluent investors seeking exposure to high-growth startups. The bank is combining existing businesses to create a dedicated private company team. This move aims to strengthen Goldman Sachs' growing alternatives business.
$120 crude oil scare is back & India has plenty at stake
Goldman Sachs has warned Brent crude could rise above $120 a barrel if disruptions in the Strait of Hormuz persist. For India, which imports most of its crude oil, a sustained oil price rally could increase the import bill, weaken the rupee, fuel inflation, widen the current account deficit and raise petrol and diesel prices.
Goldman raises Dutch TTF gas price view on slow Hormuz export recovery
Goldman Sachs raised its Dutch TTF gas price forecasts for the final two quarters of 2025, citing expectations of further delays in the normalisation of LNG exports from the Gulf amid heightened Middle East tensions. The investment bank lifted its Q3 and Q4 forecasts to €60 and €53 per MWh, respectively, from earlier estimates of €41 and €40.
Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loom
Goldman Sachs has warned Brent crude could spike to $120 per barrel if disruptions through the Strait of Hormuz persist, though its base case assumes easing Middle East tensions and prices averaging $80 in Q4.
Goldman Sachs initiates coverage on Sansera Engineering, 3 other auto ancillary stocks with upside of up to 28%. Here’s why
Goldman Sachs has initiated coverage on four Indian auto ancillary companies, turning bullish on Sansera Engineering and Craftsman Automation while assigning Neutral ratings to Bharat Forge and Samvardhana Motherson. The brokerage believes a shift towards precision engineering, aerospace, defence, semiconductors and EV-related opportunities will drive long-term growth and improve margins.
Goldman Sachs profit tops estimates on trading boom, corporate deal spree
Goldman Sachs has reported robust profits for the second quarter, surpassing analysts' predictions. The firm's equities revenue soared to unprecedented levels, fueled by both fluctuating markets and active deal-making. Investment banking fees also experienced a notable increase, thanks to major transactions and advisory engagements. Additionally, the bank's asset and wealth management sector showed consistent growth, propelling Goldman's stock to new heights following these encouraging financial results.
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