The brokerage lowered its GDP growth numbers for FY09 to 6.7 percent from 7.5 percent and for FY10 to 5.8 percent from 7 percent, Goldman said in a research note on Monday.
The Federal Reserve on Sunday agreed to allow investment banks Goldman Sachs and Morgan Stanley to become bank holding companies, giving them easier access to credit and help them survive the financial crisis.
Amid an euphoria that government would now push ahead economic reforms after winning the trust vote in Parliament, two of the most influential global financial majors have expressed their doubts on this front.
SpiceJet shares rose by over 15 percent mid-day Wednesday following reports that various firms were eyeing a stake in the carrier.
Investment banking giant Goldman Sachs has named housing loan major HDFC among world's seven best companies from the financial services space to sustain a competitive advantage in the long term, alongside global giants like Standard Chartered, HSBC and Morgan Stanley.
