GDP to decelerate in 2025, RBI to cut rates soon: Goldman Sachs
It forecast India's headline inflation at 4.2 per cent (average) in 2025 with food inflation at 4.6 per cent.
It forecast India's headline inflation at 4.2 per cent (average) in 2025 with food inflation at 4.6 per cent.
Leading global investment banking and securities firm Goldman Sachs in a note said the upcoming budget is likely to stick to the path of fiscal consolidation
Analysts at Goldman Sachs said the steep correction in private bank stocks on Thursday after the fall post-election results, offers opportunities to accumulate private banks.
In 2022, Zomato had acquired Blinkit for $568 million but since then, on the back of improved performance, the latter’s implied valuation has grown to a staggering $13 billion, according to analysts at Goldman Sachs.
Also, reportedly, the Grayscale Investments, a leading crypto asset manager, is in talks with major financial institutions like JPMorgan and Goldman Sachs about their potential roles in Grayscale’s proposed Bitcoin ETF.
Goldman Sachs expects Nifty to reach 16,300 by December, down from the earlier forecast of 16,500, which implies only about 14 per cent upside in rupee terms.
The fresh fundraising comes at a time when Zomato is planning for a $750 million-$1 billion IPO later this year.
1. The key question remains whether a 'Super App', similar to WeChat in China, can emerge in India. 2. In its 1QCY20 earnings call, Facebook mentioned it will be leveraging its partnership with Jio Mart to enable commerce for small businesses.
Grocery in India is a USD 380 billion category as of 2019, making up for 60 per cent of the total retail market.
It can be noted that growth was estimated to slide to a decadal low of 5 per cent for FY20 even without the pandemic, and the virus outbreak has only worsened the woes.
