India investment banking fees fall 32 pct in 2008

Newswire

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By Narayanan Somasundaram

MUMBAI, June 16 (Reuters) - Investment banking fees in India have slumped by nearly a third so far this year, following a drop in M&A activity and a stock market slide that prompted some firms to withdraw IPOs.

Many bankers see a revival in the second half of the year if financial markets stabilise, but they have given up hope on matching last year's strong performance.

Indian ...

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