Page 4 - Bnp Paribas

Baroda BNP Paribas MF mobilises Rs 1,400 cr from flexi-cap scheme NFO

Baroda BNP Paribas Mutual Fund on Thursday said it has collected over Rs 1,400 crore from its flexi-cap scheme during the New Fund Offering (NFO) period. The scheme -- Baroda BNP Paribas Flexi Cap Fund -- is an open-ended dynamic equity scheme investing across large cap, mid cap, small cap companies. NFO was opened from July 25 to August 8, the fund house said in a statement. This is the first new fund offered by Baroda BNP Paribas Asset Management India after the merger of Baroda Asset Management India into BNP Paribas Asset Management India. "Over 42,000 investors from more than 120 cities across India have posed their faith in our very first NFO after the merger... "It is a reflection of not just the synergy and the immense potential offered by this combined entity, but also the trust and confidence shown by our investors and partners in our offerings," Suresh Soni, CEO of Baroda BNP Paribas Asset Management India, said . The fund will re-open for subscriptions by August 24.

Adani raises $5.25 bn from global banks to fund acquisition of Ambuja, ACC

The Adani family is acquiring Ambuja and ACC with a capacity of 70 mtpa at a total cost of $10.5 billion, including the open offers to be made to the minority shareholders of the companies

Mittals looking to raise $2 bn to buy portion of Singtel stake in Airtel

As per a media report, Mittals are in talks with some major banks like BNP Paribas, Bank of America, Citibank, JPMorgan, and Standard Chartered to raise over $2 billion

FPI holding at multi-year low will act as strong buffer: BNP Paribas' Vora

Some downgrades are expected but the extent of the revisions will depend on how the situation evolves around input costs and companies' ability to raise prices"

BNP Paribas MF ceases to exist as mutual fund: Sebi

This comes after BNP Paribas Asset Management Company Private Limited (BNPP AMC) informed Sebi that it wants to surrender the registration granted to BNP Paribas Mutual Fund

American Taylor Fritz stuns Rafa Nadal to clinch Indian Wells title

It was 21-time Grand Slam-winner Nadal's first defeat of the 2022 season, while it was the biggest career win for the 24-year-old American, who lifted his second ATP Tour trophy

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