UTI Asset Management Company (AMC) was incorporated in 2002. UTI AMC & its predecessor (Unit Trust of India) have been active in the asset management company for more than 55 years, having established as the first mutual fund in India. UTI is the second largest AMC in terms of total AUM (Asset under Management) and eighth largest AMC in terms of mutual fund QAAUM (Quarterly Average Asset Under Management) as of June 30, 2020 as per CRISIL. UTI manages the domestic mutual funds of UTI Mutual Fund, provides portfolio management services (PMS) to institutional & high net worth...
Mazagon Dock Shipbuilders Ltd. (MDSL) founded on February 26, 1934 in Bombay as a private limited company was nationalized in 1960 and is now a Defence PSU under ministry of Defence and conferred with the Mini Ratna I status. It manufactures warships & submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. It also builds tankers, cargo bulk carriers, passenger ships and ferries. Since 1960 MDSL has built a total 795 vessels including 25 warships, from advanced destroyers to missile boats and...
Computer Age Management Services Limited (CAMS) founded on May 25, 1988 by V Shankar is headquartered in Chennai, India. CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over 2 decades of experience. Its marquee shareholders include names like Warburg Pincus (43.50% stake), HDFC (5.99% stake), HDFC Bank (3.33%, stake) & NSEIL (37.48% stake). CAMS is India's largest registrar and transfer agent of mutual funds with an aggregate...
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...
