Societe Generale News

Subscribe to enjoy similar stories.India’s retail inflation likely rose to 3.8% in April from 3.4% in March, moving closer to the Reserve Bank of India’s (RBI) medium-term target of 4% as food prices firmed up across key categories and favourable base effects continued to fade, according to the median estimate of 20 economists polled by Mint. Official data is due on 12 May.Economists expect Consumer Price Index (CPI) inflation for April to print between 3.5% and 4.2%, with all respondents anticipating further firming under the revised CPI series with 2024 as the base year.India’s retail inflation had risen to 3.4% in March from 3.21% in February, driven by higher food and energy prices amid tensions in West Asia.“CPI inflation is expected to rise in April 2026 from March, largely on account of hardening food and beverages inflation led by edible oils, vegetables, and readymade food segments,” said Aditi Nayar, chief economist at ratings agency Icra Ltd.Economists at Societe Generale said simultaneous increases in vegetable and edible oil prices tend to broaden food inflation pressures, raising the risk of spillovers into headline inflation.

Tilaknagar Industries for Rs 62 crore via a block deal while Societe Generale was the buyer. BofA sold shares at a price of Rs 338.65 apiece which was marginally lower than the previous closing price of Rs 339.30 on the BSE.

A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a «scapegoat» and failing to take its share of responsibility for missing the trades.

PARIS (Reuters) -BNP Paribas, the euro zone's largest bank, on Wednesday said it will step up its cost-cutting plan by 400 million euros ($437 million) after reporting weak results for the fourth quarter.

stock market are increasing exposure to small- and mid-cap companies that are outperforming larger peers. The number of firms with more than 10% overseas shareholding rose to 275 on the BSE 500 Index as of December-end, versus 257 a year ago, according to a Bloomberg analysis of foreign institutional ownership data. The increase was largely fueled by minnows.

French banking giant Societe Generale is listing its stablecoin, dubbed EUR CoinVertible, on the Luxembourg-based Bitstamp crypto exchange.

Societe Generale, the third-largest bank in France, has marked a significant milestone by issuing its inaugural digital green bond on the Ethereum public blockchain.

Fedbank Financial Services (Fedfina) has raised 324.6 crore from 22 anchor investors by allotting 23.2 million shares at the upper price band of 140 per equity share ahead of its IPO.

ASK Automotive on Monday said it has mobilised a little over Rs 250 crore from anchor investors ahead of its initial share sale which opens for public subscription on Tuesday. The company has allotted 88.71 lakh equity shares to 25 funds at Rs 282 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. At the price, the company has garnered Rs 250.17 crore from anchor investors.

By Marc Jones

₹ 253.52 crore ahead of company’s proposed IPO at the upper price band of ₹ 164 per equity share (including premium of ₹ 163 per equity shares) with face value of ₹ 1 per share. Out of the total allocation of 15,458,515 equity shares to the Anchor Investors, 3,780,630 Equity Shares (i.e. 24.46% of the total allocation to the Anchor Investors) were allocated to 3 domestic mutual funds through a total of 4 schemes.

HPCL/IOL: Minister of Petroleum and Natural Gas, Hardeep Singh Puri stated on 30 August that the government would bear the cost of the promised ₹200 price decrease on household cooking gas cylinders, relieving the oil marketing companies of the impending loss of ₹7,500 crore. As a gift for the women in advance of Raksha Bandhan, the Union Cabinet on Tuesday lowered by 200 rupees the price of a 14.2 kilogramme LPG cooking gas cylinder. The decision was made as criticism of the Centre for its handling of rising inflation has grown.

₹947 crore ($114.7 million), news agency Reuters quoted exchange data. Part of Japan's SoftBank Group, the venture capital sold 100 million shares at 94.7 rupees apiece in bulk deals, the report added. According to the data from the National Stock Exchange, the firms who bought Zomato shares include International Monetary Fund, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs (Singapore), Invesco Mutual Fund and Kotak Mahindra Life Insurance.

A decision by the Nasdaq stock exchange to shelf its plans to launch a crypto custody service has led other US firms to also reconsider their planned push into crypto.

the Deal is expected to create new opportunities for innovation, investment and jobs

Forge, a subsidiary of Société Générale — the third-largest bank in France — became the first company to obtain the highest access license for providing crypto services in the country — a prerequisite for numerous service activities (PSAN). The provider will have a right to custody digital assets, to purchase and sell them for legal tender, and trade them against each other.

Central banks are at «the end of the beginning» in their battle against inflation, as several factors keep core prices persistently high, according to top Societe Generale economist Kokou Agbo-Bloua.

Societe Generale, a major French banking and financial services firm, is launching an Ethereum-based stablecoin through its dedicated digital asset arm.

Societe Generale said 8 February that its fourth-quarter profit beat expectations on strong revenue, after resilient performances in its international investment banking and retail operations, though flagged an uplift in provisions for 2023.

Société Générale said on 3 August that it swung to a second-quarter net loss as it booked losses from its disposal of Russian assets.

Societe Generale chief executive Frédéric Oudéa said the banking recruitment market has "normalised" — another sign that the red-hot market for talent that has pushed up pay and bonuses over the past 12 months is cooling off.