Deutsche Bank is seeking approval for additional share buybacks following a strong performance from its investment bank, which saw an 11% increase in revenue from fixed-income securities and currencies. Additionally, income from advisory services and capital markets activities surged by 24%.
Goldman Sachs has downgraded Indian equities to 'neutral' from 'overweight', lowering the Nifty 12-month target to 27,000, citing a potential 'time correction' in the next three to six months. Despite strong domestic flows, high valuations and slowing economic growth are expected to limit upside potential. Analysts predict Q2 earnings growth for Nifty companies will drop to around 2%, marking the slowest growth in 17 quarters, following a period of robust double-digit increases.
Blackstone has launched the BXPE fund, allowing private investors to enter the private equity space with a minimum investment of $25,000. Since its inception, the fund has attracted $6 billion, offering access to diverse strategies and potential annual returns of 12-15%. However, investors should be aware of significant fees and the need for patience, as returns may take years to materialize amid a challenging market environment.
ChargePoint has launched a $699 Level 2 EV charger aimed at fleet managers, promoting electrification by highlighting total cost of ownership (TCO) benefits. The company anticipates a surge in electric trucks and has introduced Megawatt chargers to support long-haul transport, while collaborating with LG Electronics to enhance its offerings. RMI's analysis shows that electric fleets can be more cost-effective than conventional vehicles, especially when charger installation costs are managed.
Goldman Sachs has downgraded Indian equities to neutral from overweight, citing a slowdown in economic growth that is negatively affecting corporate earnings. Despite maintaining a positive long-term outlook for India, strategists noted a decline in earnings sentiment and a weak start to the September-quarter results season.
Goldman Sachs and other investors are looking to provide a bridge loan to Northvolt AB, seeking shares in the company's Canadian unit as collateral. The investment bank has requested approval from Investissement Quebec to allow Northvolt to pledge equity in its Canadian subsidiary as security.
Goldman Sachs Group Inc. is poised to face a fine related to lapses in its credit card business, following an investigation by the Consumer Financial Protection Bureau. An announcement regarding the penalty is anticipated within the week, according to a source familiar with the situation.
Citigroup has promoted Sumit Khedekar, Nishant Jadav, and Michael Guarino to senior roles in healthcare investment banking, aiming to enhance its deal-making in the sector. Khedekar becomes global head of healthcare, while Jadav takes on the role of global head of healthcare services, and Guarino leads healthcare services in North America. These appointments follow Citi's recent advisory on significant healthcare transactions, including the $16.5 billion sale of Catalent to Novo Nordisk's parent company.
Citigroup has promoted Sumit Khedekar, Nishant Jadav, and Michael Guarino to senior roles in healthcare investment banking, aiming to enhance its deal-making in the sector. Khedekar becomes global head of healthcare, while Jadav takes on the role of global head of healthcare services, and Guarino leads healthcare services in North America. These appointments follow Citi's involvement in significant healthcare transactions, including the $16.5 billion sale of Catalent to Novo Nordisk's parent company.
Citigroup has promoted Sumit Khedekar to global head of healthcare, alongside Nishant Jadav as Global Head of Healthcare Services and Michael Guarino as head of healthcare services in North America. These appointments reflect the bank's strategy to enhance its investment banking presence in the healthcare sector, following notable transactions like the $16.5 billion sale of Catalent to Novo Nordisk.
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