Page 2 - Bnp Paribas

French banking major BNP Paribas looks to sell retail broking arm Sharekhan

BNP's acquisition was completed in 2016 after receiving approvals from all regulatory authorities

BNP Paribas Arbitrage buys Bandhan Bank shares for Rs 187 cr

BNP Paribas Arbitrage on Friday acquired 88.85 lakh shares of private lender Bandhan Bank for Rs 187 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), BNP Paribas Arbitrage bought 88,85,979 shares, amounting to 0.5 per cent stake in the private lender. The shares were purchased at an average price of Rs 211 apiece, taking the aggregate transaction size to Rs 187.49 crore. Details of the sellers could not be ascertained. Shares of Bandhan Bank jumped 3.05 per cent to close at Rs 218.10 per piece on the NSE. Last week, Bandhan Bank reported an 18.7 per cent fall in its net profit at Rs 721 crore in the June quarter due to a decline in net interest income. The Kolkata-based private sector lender had posted a net profit of Rs 887 crore in the year-ago period. Total income during the quarter under review increased to Rs 4,908 crore from Rs 4,385 crore in FY2023, while the interest earned by the bank grew to Rs

As China's reopening euphoria fizzled out, India saw strong FPI flows

What is fuelling the strong overseas flows and fundamental factors supporting the market at the current levels? Kunal Vora, head, India equity research, BNP Paribas explains

JSW Cement signs $50 mn green loan agreement with French lender BNP Paribas

JSW Cement has signed a sustainability-linked loan agreement with the domestic arm of French lender BNP Paribas to raise USD 50 million or about Rs 414 crore in debt capital. This is JSW Cement's second green debt capital taking the total sustainability-linked funding to USD 100 million now, the company said in a statement. The company plans to use the money to fund its capacity expansion in line with its long-term target of achieving 50 mtpa capacity. According to Parth Jindal, the managing director of JSW Cement, the second green loan comes within six months of availing the first such loan. He said the company has increased its production capacity four times in the past eight years, but has reduced the carbon emission intensity by half during this period and that the latest green loan underscores their continued commitment to Environmental, social and governance (ESG) goals.

JSW Cement raises Rs 400 cr via sustainability-linked loan from BNP Paribas

In October last year, the company had signed another SLL agreement of Rs 400 crore with Japan's Mitsubishi UFJ Financial Group

There is caution among retail investors, says Sharekhan's Gaurav Dua

The one-way rally in the broader market lasts for 17/18 months (on average) and is followed by a corrective phase of 18-24 months

Budget proposals don't change our long-term preferences: Abhiram Eleswarapu

'Consensus forecasts call for a 16 per cent earnings compounded annual growth through FY25, with margin expansion baked in across most sectors', said Eleswarapu

Baroda BNP Paribas AMC collects over Rs 1,234 cr for new multi asset fund

Baroda BNP Paribas Mutual Fund has garnered more than Rs 1,200 crore during the new fund offer period for its latest multi asset fund. The new fund, which was opened from November 28 to December 12, has mobilised Rs 1,234 crore during the NFO (New Fund Offer) period, the fund house said in a statement on Thursday. This is the second new fund offering by the fund house in the past nine months since the formation of the merged entity in March 2022. Suresh Soni, CEO, Baroda BNP Paribas Asset Management, said the new fund has received wide participation from investors and distribution partners across cities and towns. "This comes on the back of the overwhelming response we received for our flexi cap fund a few months ago." The multi-asset fund is a growing category, even though the existing category's asset under management is relatively modest at Rs 22,361 crore as of November 2022. The new fund invests in a mix of equity, fixed income and gold ETF (Exchange Traded Fund). Equity aims

Consumer durable demand outlook likely to remain weak in Q3FY23

While input costs have eased, lower volumes could impact margins

BNP Paribas Arbitrage sells 1.8 mn shares of Wipro worth Rs 73 crore

BNP Paribas Arbitrage on Tuesday offloaded over 18 lakh shares of IT major Wipro for Rs 73 crore through an open market transaction. BNP Paribas Arbitrage sold 18,00,164 shares of the company at an average price of Rs 405 apiece, according to the block deal data available with the BSE. This took the deal value to Rs 72.90 crore. On Tuesday, Societe Generale picked up the shares of the company. Shares of Wipro closed 0.12 per cent lower at Rs 405.20 per scrip on the BSE.

India's sectoral valuations outstrip Asian counterparts, shows data

The price-to-earnings (P/E) for the industrial and consumer staples sectors has more than doubled that of other Asian markets

Fed downshift, China easing may cause India to underperform: Raychaudhuri

'Investors are now beginning to understand that on an absolute basis, India is not really that overvalued'

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns

Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets

IPO watch: DCX issue subscribed nearly 70 times on strong QIB interest

Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day

Credit Suisse hires 20 banks for $4 bn capital increase to restructure

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

Morgan Stanley-led banks face $500 million loss on Twitter debt to Musk

When banks led by Morgan Stanley agreed in April to help finance Elon Musk's purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world

30% of two-wheelers will be electric by 2030 as adoption picks up: Study

FY22 will be 'year of inflection' for industry; clean energy mobility to help India reduce carbon emissions

Yield spread points to the muted market returns, says BNP Paribas

BNP Paribas said it has a cautious stance on the Indian markets amid lack of positive catalyst for further earnings upgrades amid slowing global demand, lofty valuations and a slowdown in retail flows

BNP Paribas India cautious on near term market returns in country

India is not immune to the global economic headwinds though it is better positioned, a senior official of BNP Paribas Securities India Pvt Ltd said on Thursday.