Page 4 - Bnp Paribas

Djokovic added to draw, unclear if he can play at Indian Wells: Organisers

Djokovic's refusal to get vaccinated against Covid-19 may once again have significant implications with regard to his eligibility to play later this week

BNP Paribas Arbitrage buys L&T Finance Holdings shares worth Rs 413 cr

BNP Paribas Arbitrage on Monday bought shares of L&T Finance Holdings worth nearly Rs 413 crore through an open market transaction. As per block deal data on BSE, over 5.78 crore shares were purchased at an average price of Rs 71.35 apiece. This took the total deal value to Rs 412.9 crore. Separately, Citi Group Markets Mauritius Pvt Ltd sold shares of L&T Finance Holdings at the same price. On Monday, shares of L&T Finance Holdings Ltd declined 1.82 per cent to close at Rs 70.05 on BSE.

SBI Life Insurance to reclassify BNP Paribas Cardif as non-promoter

SBI Life Insurance Company (SBI Life) on Monday said its promoter BNP Paribas Cardif, holding 0.2 per cent share capital, has requested to be reclassified as a public shareholder

Goldman Sachs predicts Fed will raise rates five times this year

Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five

BMO agrees to buy BNP Paribas' Bank of the West for $16.3 billion

BMO will fund the transaction, which should add 1.8 million customers upon closing next year, in cash and mainly with excess capital

BNP Paribas says Sensex to be at 62,000 by 2022-end despite steep valuation

The issue of valuations has divided the analyst community with some saying there is more room to grow, while others have expressed fears to re-rate Indian equities

BNP Paribas, Societe Generale trim stake in Indiabulls Housing

The shares were offloaded in the range of Rs 221.34-221.75 apiece, valuing the transaction size to Rs 113 crore

Growth slowdown can be a bigger risk than liquidity: BNP Paribas' Tikekar

'The company's structural drivers need to be in place for investor sentiment to stay bullish', said Tikekar

US Open champ Raducanu gets wild card into BNP Paribas Open

U.S. Open champion Emma Raducanu has received a wild card into the BNP Paribas Open next month. The combined men's and women's tournament will be played Oct. 4-17 in the Southern California desert, a move from its usual March date because of the coronavirus pandemic. The 18-year-old Brit stunned the tennis world earlier this month by becoming the first qualifier in the professional era to win a Grand Slam singles title. Raducanu made her WTA Tour debut in June and soon reached the fourth round at Wimbledon. World No. 1 Ash Barty has withdrawn from the tournament, joining Naomi Osaka and Roger Federer among those on the sidelines. The remaining wild cards will be announced later.

Retail participation in markets here to stay: BNP Paribas' Amit Shah

Amit Shah says BNP is getting incrementally selective among small- and mid-cap stocks, and higher impetus is now being given to quality companies as valuations appear rich

Recently downgraded India under Asian Model Portfolio: Manishi Raychaudhuri

The head of Asia-Pacific equity research at BNP Paribas says a renewed slowdown in consumption and some service sectors can lead to consensus downgrades to Indian earnings estimates

IDFC First Bank raises Rs 3,000 crore equity capital through QIP

IDFC First Bank raised Rs 3,000 crore via QIP in which global marquee investors like BNP Paribas and Baillie Gifford participated alongside domestic players such as Bajaj Allianz Life and HDFC Life

BNP Paribas Cardif offloads 5% in SBI Life via open market sale

With this, the shareholding of the French insurer has come down to 0.2 per cent in SBI Life

India is well placed within EMs from an investment perspective: BNP Paribas

India has handled the pandemic rather well, companies have become more efficient, and there is a cyclical recovery underway, said Abhiram Eleswarapu, head of equities at BNP Paribas India

BNP Paribas expects end to trading boom, Covid-19 loan pain to ease

Provisions linked to the Covid-19 pandemic took their toll on fourth-quarter net profit, with the lender saying it had set aside more money to cover loans that could turn sour

BNP Paribas sees Sensex at 50,500 in 2021; remains overweight on India

A common thread running between China and India, BNP Paribas said, is the focus on some long-range economic plans - targeted at boosting consumption in China and on supporting investments in India

Large companies to grow larger amid Covid-19 pandemic, says BNP Paribas

Despite taking a hit on profitability amid the pandemic, companies with strong balance sheets are gaining market share because of consolidation in their respective sectors

Credit Suisse Group taps BNP Paribas bankers for India wealth push

Credit Suisse is on a hiring spree in markets from China to Southeast Asia as it seeks to tap more business with rich Asians and boost revenue in the region

Most global investors cautious of equities after sharp rally: Raychaudhuri

Manishi Raychaudhuri, head of Asia Pacific equity research, BNP Paribas, tells Puneet Wadhwa the reason for India being such an FII favourite is the breadth of stocks and sectors that market offers

BNP Paribas lists 8 large domestic stocks with potential to beat Sensex

BNP said these companies are benefitting either through cost savings by the adoption of work from home (WFH) or by higher revenue growth