Key Policy Unchanged & continue with the Accommodative' Stance The Reserve Bank of India (RBI) in its Sixth Bi-monthly Monetary Policy review (2019-20) decided to maintain the status quo with repo rate being unchanged at 5.15% while maintaining the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target. The decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth. Following are the policy measures and vital announcements by the RBI: The RBI kept the Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.15% in its sixth bi-monthly policy for...
Jindal Steel and Power Ltd. (JSPL), a part of the USD 22 billion diversified O. P. Jindal Group with the youngest son Mr. Naveen Jindal as a chairperson who transformed a moderately performing company into a world class organization. JSPL, established in the year 1952 is an industrial powerhouse and one of India's fastest growing and largest integrated steel manufacturers with a dominant presence in steel, power, mining and infrastructure sectors. The company operates some of India's most advanced steel manufacturing and power generation capacities of global scale through backward and forward integration spanning across the states of Chhattisgarh,...
EID Parry (EID), incorporated in 1975 is a significant player in sugar with interests in promising areas of Nutraceuticals business. Headquartered in Chennai, India, the Company is a part of the Rs. 369 Billion Murugappa Group, one of India's leading business conglomerates. It is one of the oldest companies in India that has been in business for more than 225 years. It has many firsts to its credit, including the manufacturing of fertilizers (1906) for the first time in the Indian subcontinent. The company is one of South India's leading suppliers of sugar to the institutional as well as retail segment. Along with Sugar the Company is also focused on Co-generation (Power), Distillery (Spirits), and...
Key Policy Unchanged & continue with the Accommodative' Stance The Reserve Bank of India (RBI) in its Fifth Bi-monthly Monetary Policy review (2019-20) decided to maintain the status quo with repo rate being unchanged at 5.15% while maintaining the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target. RBI said that improved monetary transmission and a quick resolution of global trade tensions are possible upsides to growth projection whereas a delay in the revival of domestic demand, a further slowdown in global economic activity and geopolitical tensions are downside risks. Following are the policy measures and vital announcements by the RBI: The RBI kept the Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.15% in its fifth bi-monthly policy for...
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a wholly-owned subsidiary of Indian Railways, Government of India. It is a Mini Ratna (Category-I Central Public Sector Enterprise), incorporated in 1999 as an extended arm of the Indian Railways with the objective to upgrade, modernize, professionalize and manage the catering and hospitality services at stations, on trains and other locations, online ticket booking services, packaged drinking water and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity...
The CSB Bank, formerly known as the Catholic Syrian Bank is one of the oldest private sector banks in India, established in 1920. CSB has its headquarters and a strong base in the Thrissur district of Kerala along with a significant presence in Tamil Nadu, Karnataka and Maharashtra and is also moving towards establishing its presence in the western region. The Bank offers a wide range of products and services, with a particular focus on small and medium enterprises (SME), retail and NRI customers to cater to an overall customer base of 1.3 crore as on September 30, 2019. It operates through network of over 412 branches excluding 3 service...
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a wholly-owned subsidiary of Indian Railways, Government of India. It is a Mini Ratna (Category-I Central Public Sector Enterprise), incorporated in 1999 as an extended arm of the Indian Railways with the objective to upgrade, modernize, professionalize and manage the catering and hospitality services at stations, on trains and other locations, online ticket booking services, packaged drinking water and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems....
JK Paper Ltd (JKP), a member of HS Singhania Group is one of India's largest paper companies which was established in 1962. The Company is a part of the prominent JK Organisation, which is over 100 years old and one of the leading business conglomerates of India. JKP is the market leader in Branded Copier Paper in India and amongst the top two players of Coated Paper and...
