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Mirae Asset looking to acquire India`s 9th largest brokerage Sharekhan South Korea’s leading asset manager Mirae Asset Financial Group aims to enhance its presence in India by acquiring Sharekhan, the Southeast Asian country’s ninth-largest brokerage firm, Korea Economic Daily reported. Bidders for Sharekhan have recently been shortlisted and Mirae Asset is one of them, people familiar with the matter said on Thursday. The Korean asset manager has begun due diligence on the Indian brokerage firm, they said, as per the report. The select bidd...
Mirae Asset looking to acquire India`s 9th largest brokerage Sharekhan
Mirae Asset looking to acquire India`s 9th largest brokerage Sharekhan
Source: IANS
2/09/2023 9:25:07 AM
India central bank may tighten cash conditions, but CRR hike unlikely -traders The Reserve Bank of India may look to tighten domestic rupee liquidity to quell inflationary pressures but will refrain from permanent cash withdrawal, several traders and analysts said ahead of Thursday's monetary policy review. The central bank is expected to hold policy rates steady but could turn more hawkish given that inflation in July is likely to have risen above its comfort band. Reducing surplus liquidity, which could fuel inflation, could be one way of signalling a toughe...
India central bank may tighten cash conditions, but CRR hike unlikely -traders
India central bank may tighten cash conditions, but CRR hike unlikely -traders
Source: Reuters
9/08/2023 3:22:27 PM
TVS Supply Chain Solutions to come out with Rs 880 crore IPO on August 10 TVS Supply Chain Solutions is coming out with an initial public offering (IPO) to raise around Rs 880 crore. It has fixed a price band of Rs 187-197 per share. The issue will open on August 10, 2023 and will close on August 14, 2023. The equity shares are proposed to be listed on both the bourses, BSE and NSE. Proceeds from the fresh issue to the tune of Rs 525 crore will be utilised for payment of debt availed by the company and its subsidiary TVS LI UK. Besides, funds will be used for in...
TVS Supply Chain Solutions to come out with Rs 880 crore IPO on August 10
TVS Supply Chain Solutions to come out with Rs 880 crore IPO on August 10
Source: Accord Fintech
7/08/2023 3:37:47 PM
TVS Supply Chain Solutions gets SEBI`s go-ahead to raise funds via IPO TVS Supply Chain Solutions, part of TVS Mobility Group, has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 750 crore and an Offer for Sale (OFS) of over 2 crore equity shares by promoters and existing shareholders. Proceeds from the fresh issue will be utilised for payment of debt availed by the company and its subsidiaries -- TVS LI UK and TVS...
TVS Supply Chain Solutions gets SEBI`s go-ahead to raise funds via IPO
TVS Supply Chain Solutions gets SEBI`s go-ahead to raise funds via IPO
Source: Accord Fintech
26/07/2023 3:06:37 PM
Growth in credit and high cost deposit for banks in Q1: BNP Paribas India The Indian banking sector logged volume growth and not in margins owing to high cost deposits during the first quarter of FY24, said BNP Paribas Securities India in a sectoral report. The banking industry is logging credit as well as high cost deposit growth though the low cost CASA (current account, savings account) deposit growth remains weak, the report said. The sector logged year-on-year credit growth momentum at mid-teens through 1QFY24, which should translate into high-teens cred...
Growth in credit and high cost deposit for banks in Q1: BNP Paribas India
Growth in credit and high cost deposit for banks in Q1: BNP Paribas India
Source: IANS
12/07/2023 4:34:35 PM
Baroda BNP Paribas AMC announces change in IDCW option of Floater Fund Baroda BNP Paribas Asset Management Company (AMC) has published addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Baroda BNP Paribas Floater Fund. As per the addendum, Baroda BNP Paribas Mutual Fund has informed that the board of AMC and Trustee Company have accorded their approval for change in nomenclature of Income Distribution Cum Capital Withdrawal (IDCW) Option to Weekly IDCW Option and accordingly have set the frequency of distribution under I...
Baroda BNP Paribas AMC announces change in IDCW option of Floater Fund
Baroda BNP Paribas AMC announces change in IDCW option of Floater Fund
Source: Accord Fintech
1/06/2023 5:35:53 PM
Quote on the Monthly AMFI Report :Equity Mutual Funds witnessed positive inflows of nearly 20,534 Says Jean Christophe, BNP Paribas Quote below on the monthly report release by AMFI by Jean Christophe, Director and Chief Marketing Officer, Sharekhan by BNP Paribas The mutual AUM in the month of Mar-23 stood at Rs 39.42 lakhs crores a marginal fall from the previous month. The Indian equity indices seemed range bound in the month of Mar-23 with a marginal increase of 1%. Equity Mutual Funds witnessed positive inflows of nearly 20,534 crores which is a jump of nearly 31% from the previous month. Increasing inflows s...
Quote on the Monthly AMFI Report :Equity Mutual Funds witnessed positive inflows of nearly 20,534 Says Jean Christophe, BNP Paribas
Quote on the Monthly AMFI Report :Equity Mutual Funds witnessed positive inflows of nearly 20,534 Says Jean Christophe, BNP Paribas
Source: PR Agency
14/04/2023 9:36:15 AM
4QFY23 to be strong quarter for Indian FMCG companies  The commentary from companies indicates that inflation continues to weigh on demand and that there has been no meaningful improvement in the underlying consumption trends, BNP Paribas India said in a report. Our channel checks also confirm this trend. Rural growth has remained sluggish while urban consumption has also softened. We expect most companies in our staples coverage to report double-digit EBITDA growth helped by sales growth and margin improvement. While general consu...
4QFY23 to be strong quarter for Indian FMCG companies
4QFY23 to be strong quarter for Indian FMCG companies
Source: IANS
12/04/2023 12:13:16 PM
Indian rupee to outperform Asian peers amid uncertain Fed rate path Improving macroeconomic fundamentals have made the Indian rupee more resilient, but the central bank's 'hands-on' approach amid periods of volatility will also ensure the rupee outperforms its Asian peers going ahead, strategists and analysts said. The rupee has dropped 1% versus the U.S. dollar so far in February, as uncertainty over the future trajectory of the Federal Reserve's rate hikes rocked markets globally, but its losses have been lower than most other Asian curre...
Indian rupee to outperform Asian peers amid uncertain Fed rate path
Indian rupee to outperform Asian peers amid uncertain Fed rate path
Source: Reuters
24/02/2023 1:43:09 PM
ICICI Bank signs MoU with BNP Paribas The MoU establishes a framework of partnership between the banks to meet the banking needs of corporate customers in India and Europe ICICI Bank, a leading private sector bank in India, and BNP Paribas, a top European bank, have signed a Memorandum of Understanding (MoU) to cater to the banking requirements of European corporates operating in India and Indian companies in the European Union. The MoU establishes a framework of partnership between the two banks for providing financial ser...
ICICI Bank signs MoU with BNP Paribas
ICICI Bank signs MoU with BNP Paribas
Source: PR Agency
15/02/2023 2:18:11 PM
Adani Enterprises FPO anchor book 1.5x oversubscribed  Adani Enterprises FPO anchor book has been oversubscribed 1.5 times. Market sources said there was Rs 6,000 crore allocation against a demand of Rs 9,000 crore. The blue chip names include Maybank Asia, ADIA, LIC, HDFC Life, SBI MF, Think Investments, BNP, Socgen, Citi, Morgan Stanley, Goldman Sachs, Jupiter, Al Mehwar along with other investors, market sources said. Despite attempts to discredit by vested interests, global markets have full faith in Adani Group, market sources...
Adani Enterprises FPO anchor book 1.5x oversubscribed
Adani Enterprises FPO anchor book 1.5x oversubscribed
Source: IANS
26/01/2023 11:26:51 AM
Gulf investors bid for India's Adani Enterprises' $2.5 billion FPO Gulf investors International Holding Co PJSC and sovereign fund Abu Dhabi Investment Authority are among the bidders for Indian billionaire Gautam Adani-led Adani Enterprises' 200 billion rupees ($2.45 billion) follow-on sale of shares that began on Wednesday, Bloomberg News reported, citing people familiar with the matter. Mubadala Investment Co PJSC and BNP Paribas SA have also bid for shares, the report said, adding that the anchor book was oversubscribed about two times. Adani E...
Gulf investors bid for India's Adani Enterprises' $2.5 billion FPO
Gulf investors bid for India's Adani Enterprises' $2.5 billion FPO
Source: Reuters
25/01/2023 1:33:58 PM
`Bank deposits growth trails credit growth` The growth in deposits in Indian banks is in single digits and trails the credit growth, states a report by BNP Paribas Securities. In a research report, BNP Paribas said that the deposits are generally weak and CASA (current account, savings account) weaker. "With system deposit growth in high single digits y-y, materially trailing credit growth, we expect most deposit growth within our coverage universe to have come from term deposits rather than CASA," BNP Paribas said. ...
`Bank deposits growth trails credit growth`
`Bank deposits growth trails credit growth`
Source: IANS
14/01/2023 2:15:52 PM
Foreign equity funds pile into Indian financials as credit cycle picks up Foreign investors are buying into Indian financial firms, lured by the prospects of a fresh credit cycle that may boost the stocks of the country's largest lenders. Indian shares are trading at a record-high valuation premium to their Asian counterparts, BNP Paribas said, but overseas investors have found a bright spot in financials, considering them relatively cheap given their strong fundamentals. The optimism is reflected in inflows, with foreign investors buying a net of $1.74 b...
Foreign equity funds pile into Indian financials as credit cycle picks up
Foreign equity funds pile into Indian financials as credit cycle picks up
Source: Reuters
6/12/2022 5:16:08 PM
Indian financial regulators may rebuff Europe demands Indian financial market regulators are unlikely to provide their European counterpart supervisory and auditing powers over domestic clearing corporations and expect them to extend an April 2023 deadline to adhere to new norms, two sources said. The European Securities and Market Authority (ESMA), the EU's financial markets regulator and supervisor, in accordance with the European Market Infrastructure Regulation (EMIR) withdrew recognition from six Indian central clearing houses on Oct...
Indian financial regulators may rebuff Europe demands
Indian financial regulators may rebuff Europe demands
Source: Reuters
10/11/2022 10:39:20 AM
Baroda BNP Paribas MF informs about Unaudited Half Yearly Financials Baroda BNP Paribas Mutual Fund (MF) has informed that in accordance with Regulation 59 of SEBI (Mutual Funds) Regulations, 1996, read with SEBI Circular No. CIR/IMD/DF/21/2012 dated September 13, 2012, the Unaudited Financial Results of the Schemes of Baroda BNP Paribas Mutual Fund for the Half year ended September 30, 2022 has been hosted on the website of the Fund (https://www.barodabnpparibasmf.in/downloads/scheme-financials) and AMFI respectively.
Baroda BNP Paribas MF informs about Unaudited Half Yearly Financials
Baroda BNP Paribas MF informs about Unaudited Half Yearly Financials
Source: Accord Fintech
28/10/2022 1:01:12 PM
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. Kunal Vohra, Head of Research, also said the company is cautious on the overall market returns in the near term. "Amid slowing global demand, lofty market valuations, a slowdown in retail flows, and lack of positive catalyst for our earnings estimates, we remain cautious on the overall market returns in the near term,...
BNP Paribas India cautious on near term market returns in country
BNP Paribas India cautious on near term market returns in country
Source: IANS
23/09/2022 10:21:10 AM
Emerging Asian equities see first monthly inflows in seven months Emerging Asian equities ex-China saw monthly foreign inflows in July, after six months of capital withdrawals, as investors bet that the size of U.S. interest rate hikes would ease, and that a recent drop in commodity prices would temper surging inflation. Riskier assets were bolstered after the U.S. Federal Reserve's comments that "at some point" it would be appropriate to slow down its policy tightening. Data from stock exchanges in South Korea, India, Taiwan, the Philip...
Emerging Asian equities see first monthly inflows in seven months
Emerging Asian equities see first monthly inflows in seven months
Source: Reuters
3/08/2022 4:28:13 PM