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...
The conventional method of divesting stake in Public Sector Enterprises is either sale of shares to investors i.e. Initial Public Offer (IPO) or the Offer for Sale (OFS) route. One of the other mode is floating an Exchange Traded Fund (ETF). CPSE ETF is a passive investment fund that was created to help the government in its disinvestment program of divesting stake in selected Central Public Sector Enterprises (CPSE) through Exchange Traded Funds (ETF). The fund invests in the Nifty CPSE Index stocks - that includes ten PSU companies (Maharatnas, Navratnas, Miniratnas, Sector Leaders) selected on...
Power Finance Corporation Ltd. (PFC) was incorporated in 1986 - a Schedule-A Navratna CPSE (Central Public Sector Enterprises) and is a leading Non-Banking Financial Corporation in the Country. It is a specialized public financial institution in power sector and is the largest infrastructure finance company in the country by net worth. It is incorporated to finance, facilitate, invest and promote India's integrated development of the power and associated sectors. PFC's product portfolio comprises of financial products and services mainly to power projects like project term loans, short term loans, equipment lease financing, discounting of bills and consultancy services. It has also initiated financing of projects based on renewable energy...
Key Policy Rates Slashed by 25 bps; Stance Changed to Accommodative' The Reserve Bank of India (RBI) in its Second Bi-monthly Monetary Policy review (2019-20), cut key policy rate for the third time in a row and changed the stance to support benign growth conditions. It was for the first time since September 2010 that the repo rate slipped below 6%. The Monetary Policy Committee (MPC) decided to change the stance of monetary policy from neutral to accommodative. The decision made was 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:...
Bandhan Bank Ltd. (BBL) was incorporated in 2014 as a wholly owned subsidiary of Bandhan Financial Holdings Ltd. (BFHL). Kolkata- headquartered BBL is the first bank to be set up in the eastern part of India after Independence and is promoted by its founder, MD and CEO Mr. Chandra Shekhar Ghosh. BBL provides pan-India services with focus on micro banking and general banking services majorly serving urban, semi-urban and rural markets in India. BBL is the first microfinance entity and the first in a decade that was transformed into a universal bank in India. BBL started its operation as an NGO in 2001 which was transferred into India's largest microfinance company by number of customers...
Wipro Ltd. is an Indian multinational corporation and a leading global information technology, consulting and business services company. It is headquartered in Bengaluru, Karnataka, India. The company is into cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help the clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship,...
Axis Bank Ltd. (Axis) is the third largest private sector bank in India and one of the first new generation banks to have begun operations in 1994. Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI. The Bank offers the entire spectrum of financial services which includes Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business services to customer segments covering Large and MidCorporates, MSME, Agriculture and Retail Businesses. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations,...
Lemon Tree Hotels Ltd. (LTH), incorporated in 1992 is the largest mid-priced hotel sector chain, and the third largest overall, on the basis of controlling interest in owned and leased rooms. Delhi based LTH is the only integrated hospitality company which operates in the mid-priced hotel sector in India, which operates with end-to-end capabilities across the value...
Slashes Key Policy Rates by 25 bps but retains its stance at Neutral' The Reserve Bank of India (RBI) in its First Bi-monthly Monetary Policy review (2019-20), announced a back-to-back cut in the benchmark repo rate and hinted that the economy may have entered a slowdown mode amid scattered signs...
Lux Industries Ltd. (LUX), founded in 1957 by late Girdhari Lal Todi as Biswanath Hosiery Mills, was incorporated in 1995. It is one of the largest players in the hosiery business having a market share of ~20% of the organized industry. This Kolkata based company is managed & headed by the second generation of the founder family. LUX is engaged in manufacturing and sales of products which includes Men's, Women's & Kids Innerwear, Winterwear, Socks & Slacks for Women in varied colors and designs. It offers more than 100 products with a wide range of over 5,000 SKU's under its 12 major brands. With focus on growing exclusive retail outlets and in providing customers with a seamless buying experience, the company's products are available in...
