April 12 (Reuters) - BlackRock posted a rise in first-quarter profit on Friday, as a rebound in global equity markets bolstered the company's investment advisory and administration fees.

Net income for the world's largest asset manager rose to $1.57 billion, or $10.48 per share, in the three months ended March 31, from $1.16 billion, or $7.64 per share, a year earlier. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shinjini Ganguli)