The Indian broking industry has withered all the headwinds in the past and has emerged as a stronger market participant in the financial market. This article highlights how the industry is coping up with the current challenges through changes in the business model, innovation in products and services, and other means.
The M&A deals continue to rise in September. The non-cyclical consumer and the financials sector witnessed a sequential rise for last three months. Take a peek at these stats.
The M&A deal activity in August’20 was up by 4.2% MoM or 4.3% YoY to USD 364bn (vs July’20 USD 349bn) primarily led by Utilities and Basic Materials Sectors. Among all regions, only Asia Pacific posted a 13% YoY growth in deals led by China and Japan.
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Hectic M&A activity continued in July with announced transactions worth ~USD349bn, a tad lower than June, but considerably high compared to prior months clearly indicating opportunistic consolidation activity amid Covid-19 fallout.
Corporate bond market activity remained buoyant in the month of June raising ~USD 1.3Tn (+4% MoM) despite the Corona scare with China-based firms dominating the issuances market followed by the US.
The EV sector is all set to revive the slumped global auto sector.With global governmental policies and falling EV vehicle prices working in the sector’s favour, the industry could be valued at US$360bn by 2025 led by China & Europe.
On May 22, 2020, Hertz Global Holdings Inc. (“Hertz,” “Company”) and some of its U.S. and Canadian subsidiaries filed for bankruptcy under Chapter 11. Hertz is a market leader in the car rental business with 100+ years of business legacy.
The global M&A activity bounced back strongly during the month of June 2020 with over 3,800+ deals (+23% MoM) totaling ~USD 380bn in value. Despite a challenging macro backdrop over Covid-19 globally, we see opportunistic investor behavior in sectors such as Healthcare and Online food delivery.
Salesforce guided dim (FY21 Sales of USD20bn, 6% down from earlier company projections) for the rest of the year after Q1’21 results; maintains sales growth momentum.
