Deputy chief executive officer Anand Shah to quit BNP Paribas AMC
The surprise tax rate cut came after economic growth in the April-June quarter slumped to its lowest level in six years, hitting the nation's smaller stocks the hardest
Sales of staples will recover in the second half of the fiscal year that began April 1, as farm-support measures and above-average rain lift rural incomes, the brokerage said in a report
Anand Shah, deputy CEO and head of investments at BNP Paribas Asset Management India shares his views on the current state of the markets and the road ahead
In March, BNP Paribas had sold 5 per cent and 9.2 per cent for Rs 2,889 crore and Rs 4,751 crore, respectively, in the life insurer
For FY20, we expect early to mid-teens earnings growth from companies comprising the broader Indian indices. The current Bloomberg consensus growth estimate of 18-19 per cent appears aggressive
The foreign bank's primary focus in India has been on corporate and wholesale banking
'Indian retail investors for decades have under-invested in equities and we're now seeing a reversal to the trend,' he said
We foresee average long-term GDP growth of 8% per annum over the next 15 years and expect market capitalisation to grow to 110% of an expanding GDP: Joris Dierckx
BNP Paribas reported in Q3, good business development in an improved economic environment in Europe: Bank statement
Net income rose to 1.89 billion euros ($2.1 billion), beating the average estimates
This, to avoid any conflict of interest arising due to its acquisition of brokerage house Sharekhan
Sharekhan is the largest standalone retail brokerage in the country
The French financial powerhouse had picked up 26% in the nation's largest lender in 2002
Rejects a proposal by BT Global Communication to acquire remaining 26% in BT Telecom India
BNP Paribas had more than 30,000 employees at its CIB division in nearly 57 countries