Investment Banking

While investment banking was the safer choice, Varun Agarwal admits he considered joining a startup early on. 'What held me back was my own aversion to risk,' he said.

India becoming a core pillar of our growth strategy: Goldman Sachs’ Kim-Thu Posnett

'We are seeing the making of a multi-year ECM cycle in India, with both structural and technical factors beginning to align,' Kim-Thu Posnett, global co-head of investment banking at Goldman Sachs tells Moneycontrol

Namdhari appoints Sprout Capital to look for buyers for retail arm

Simpli Namdhari's is being valued at Rs 220-250 crore in deal negotiations, sources have said. The company is only looking sell its retail unit and its other businesses such as the seeds vertical continue to scale and expand

BofA Asia-Pacific's Mandar Donde to spearhead India i-banking from April

Mandar Donde, currently the Head of BofA Securities' Asia-Pacific TMT (Technology, Media and Telecom) investment banking will assume charge as the firm's new head of global corporate and investment banking in India, said sources.

Large domestic companies look to M&A to offset challenges of slower organic growth: Rothschild & Co’s Subhakanta Bal

Formalisation, premiumisation, and consumer aspirations are key themes shaping India’s promising long-term consumer sector outlook, said Bal.

MC Exclusive: Fake investment bankers making a killing amid SME sector’s IPO boom

Unregistered and fraudulent entities earn from investment bankers, who are struggling in a competitive industry. Also, these entities prey on ignorant business people, who are seeking shortcuts for IPO listings, according to experts in capital market regulations.

We have added ECM advisory; will expand debt advisory services: Rothschild & Co India Head Chandresh Ruparel

Ruparel anticipates growth in healthcare, consumer, and financial services sectors, alongside advancements in green hydrogen and renewable energy storage

Surge in investor optimism fuelling Indian corporates' fundraising activity: Nandini Chopra, Alvarez & Marsal

Private companies are expected to increase their investments towards the end of this fiscal year, said Chopra, adding that the manufacturing, industrial, and power sectors are likely to lead this growth.

Goldman Sachs appoints Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads for i-banking in India

Goldman Sachs also announced Sunil Khaitan has joined Investment Banking as a managing director and head of Financing in India.

MC Exclusive| Sebi trying to reduce PE funds’ influence over IPO pricing with early cancellation of special rights: Sources

The market regulator has been taking steps towards this after some issues of newage tech companies that underperformed significantly since its listing

YES Securities to surrender merchant banking license, transfer business to Yes Bank

The Bank said the decision, made during a Board Meeting on January 27, 2024, is set to take effect from January 1, 2024.

Top investment bankers decode the key equity capital market deals trends for 2024 | Deal Central

After a muted first half, 2023 suddenly morphed into a super active year for equity capital market deals with blockbuster market debuts and mega block deals across sectors. What led to the resurgence and will the deal momentum continue in 2024? What are the top trends and sectors to watch out for? A panel of top dealmakers - Jayasankar V, MD & Member of Board, Kotak I-Banking and Jibi Jacob, MD & Head( Equity Capital Markets ), India, Jefferies join Moneycontrol's Ashwin Mohan to discuss all this and more in a year ender special edition.

Pro-rata IPO allotment was corrupting price discovery: Sebi chief on why it was stopped

The SEBI chief said that this process was not helping in the price discovery, and was painting a wrong picture of the IPO, showing a much higher interest in the offering than the actual figure

Bank of America promotes Alex Bettamio to co-head of investment banking; Faiz Ahmad to co-head capital markets

The leadership change was one of several announced by the second largest U.S. bank. It also elevated Faiz Ahmad to jointly lead global capital markets with Sarang Gadkari. Ahmad currently runs the Global Transaction Services (GTS) unit.

JPMorgan cuts about 30 investment banking jobs in Asia Pacific

The cuts to its Hong Kong and China-based bankers are the biggest seen in years, though they make up less than 5% of its investment banking headcount in the region, the people said, asking not to be identified because the matter is confidential. Most of those affected are junior level bankers, they said.

Credit Suisse’s Asia investment banking vice chairman Zeth Hung exits

Zeth Hung, who spent 25 years at Credit Suisse, was most recently vice-chairman of investment banking & capital markets for the region.

Goldman plans to cut several hundred jobs starting this month

Like its Wall Street competitors, Goldman has been hurt by the dramatic slowdown in investment banking as the volatility that’s spurred gains for trading also weighed on capital markets and asset management.

Morgan Stanley profit slumps 30% as dealmaking stalls

Revenue from investment banking plunged 55% in the second quarter, mirroring a similar drop at its larger Wall Street rival JPMorgan Chase & Co and eclipsing an 8% rise in trading revenue.

Decoding ICICI Securities’ depressed valuation: Will the stock re-rate?

Despite a stellar performance, ICICI Securities' stock has underperformed in the past one year

Despite distressed valuations, deal making unlikely to pick up in India

Tech giants such as Google, Amazon, Apple, Facebook and Microsoft have made 19 deals in the first five months of the current year, despite the lockdown

Investment banking activity generates $222 million in fees, Axis Bank bags 8.3% share

This is down by 33.6 percent from Q1FY19, and is also the lowest Q1 activity fee since $122.9 million generated in Q1FY16

Deloitte's Re 1 advisory fee for BPCL disinvestment irks peers

Deloitte had quoted a similar price for its services in the divestment process of Container Corporation of India.

HSBC mulls job cuts in investment banking to salvage margins: Report

As many as 500 jobs are on the chopping block and expected by mid-June.

NBFCs may have to realign valuations, upcoming IPOs to see low interest: Report

In the future, analysts believe investors will be more careful while betting on NBFC IPOs

Nomura launches FinTech program for innovation in cap markets

Under the 'Voyager - Nomura FinTech Partnership' program selected startups would get a chance to collaborate with Nomura businesses across regions and create products and solutions which can potentially be implemented in the financial industry.