Page 2 - Equity

Investment bankers' fee income grows 28% at record $1.3 billion in 2023

Investment bankers laughed all the way to the bank as their fee income touched a new record of USD 1.3 billion in 2023, growing 28 per cent over the previous year. At USD 1.3 billion in estimated fees during 2023, investment bankers collected 28 per cent more than they did last year, and this is the highest since records began in 2000, according to the data collated by LSEG Deals Intelligence, formerly Refinitiv. The fee income of investment bankers got a boost due to higher equity and debt issuance volumes which offset the massive plunge in deal activities. State Bank of India took the top position in investment banking fees chart with a collection of USD 102.7 million, which is 7.7 per cent of the country's overall investment banking fee pool, according to the agency. The fee income chart was led by M&As (mergers and acquisitions) contributing USD 416.1 million, which was 7 per cent down year-on-year. The deal street saw a massive 51 per cent fall in value over 2022, the agency .

Adani raises $15 bn in equity, debt in comeback plan post Hindenburg rout

Billionaire Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who was the world's second-richest man at the start of the year, saw almost USD 60 billion of his personal wealth erased after Hindenburg Research in a January 24 report accused his group of market manipulation and accounting fraud. The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani. Star investor GQG Partners bought stakes worth almost USD 4.3 billion in five group companies between March and August while Qatar Investment Authority (QIA) and French energy giant TotalEnergies poured in USD 770 million in renewable energy firm Adani Green Energy Ltd, according

PNB board clears equity raise upto Rs 7,500 cr in FY25 to aid biz growth

Options open for institutional placement, follow-on issue

Outward FDI halves Y-o-Y to $1.55 billion in November, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components - equity, loans, and guarantees

A tango: Indian equity market valuation rises as US bond yields ease

Earlier, earnings yields in the Indian equities have risen in line with the rise in bond yields in the US

5-day market slide: Bond yields, West Asia turmoil dampen capital flow

Elevated bond yields, West Asia turmoil continue to weigh on capital flows

Bajaj Finance's equity raising to boost already solid capital base: S&P

The rating agency said BFL's RAC ratio is unlikely to sustain above 15 per cent during the financial years 2025-2026

Bajaj Finance to raise Rs 10,000 crore via QIP, preferential issue

Out of the total, Rs 8,800 crore will be raised via QIP and the remaining Rs 1,200 crore will be via preferential allotment of shares to Bajaj Finserv

Equity valuations once again on the rise even as profit moderates

A steady rise in the valuation has been largely due to higher stock prices, and not because of faster growth in corporate earnings

$590 bn rally since March faces earning reports, retail pull back tests

Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates

Nazara Technologies to raise upto Rs 750 cr through equity shares

Online sports platform Nazara Technologies on Monday said its board has approved raising of up to Rs 750 crore through equity shares. The board, in a meeting held on Monday, also authorised the increase in share capital from Rs 30 crore to Rs 50 crore, according to a regulatory filing. "The board considered and approved raising of funds by way of issuance of such number of equity shares having a face value of Rs 4 each of the company for an aggregate amount not exceeding Rs 750 crore," the filing stated. The company will seek approval of shareholders for the increase in authorised share capital, issuance of securities and ancillary actions through a postal ballot, it added.

Structured flexible capital: Beyond traditional debt and equity

High-yield debt markets have limited depth in India and founders don't want to be seen taking on expensive debt, which is perceived as a sign of stress

Govt starts process to fund state refiners' green goals via equity: Reports

The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues

IT major Infosys rewards employees with equity shares under 2 schemes

Under the 2015 Stock Incentive Compensation Plan, 104,335 equity shares were allotted and 407,527 shares were allotted under the Infosys Expanded Stock Ownership Program 2019

FPI bought equity worth Rs 18,617 crore in May, says V K Vijayakumar

In May, foreign portfolio investors (FPI) bought equity for Rs 18,617 crore

Reasonable equity valuations offer a favourable entry point to investors

Instead of halting SIPs, existing investors must raise contributions to equities

IT services firm Persistent profit up 25.1%, annual revenue crosses $1 bn

Pune-based company announces dividend of Rs 12 per equity share and special dividend of Rs 10 per equity share

Wipro board of directors to consider proposal to buyback of equity shares

The outcome of the board meeting will be communicated to the stock exchanges soon after conclusion of the board meeting on April 27

Equity savings funds: Safe but not a perfect substitute for debt funds

While they could offer higher returns over three-five years, they would also be more volatile

MFs raise equity bets as valuations improve; fund houses invest Rs 55k cr

Cash levels decline, equity allocation rises in balanced advantage funds in March