Mr. Soumitra Majumdar, Partner, JSA “RBI’s monetary policy statement do significantly allay fears of economic slowdowns in India. The Indian economy should be able to weather several risks and geo-political tensions plaguing several developed economies and prove to be a stable and consistent investment destination. Though showing positive trends, however, inflation continues to remain the centre of RBI’ attention. Cleaner balance sheets of banks and…
Monetary Policy Quote from Siddhartha Sanyal, Chief Economist & Head Research, Bandhan Bank
Siddhartha Sanyal, Chief Economist & Head Research, Bandhan Bank. Quote: “The status quo on the repo rate in today’s MPC meeting was almost a foregone conclusion and the committee did not spring any surprise. Interestingly, despite lowering the Q1 FY24 CPI inflation forecast by 50 basis points, the CPI projection for the full year was kept almost unchanged. As expected, the RBI underscored that the…
Quote from Ms. Achala Jethmalani, Economist, RBL Bank on Monetary policy announcement
Quote – Ms. Achala Jethmalani, Economist, RBL Bank “In a no surprise move, monetary policy maintained a status-quo on policy rates and stance. It remains in a ‘wait & watch’ mode and vigilant on inflation trajectory. We expect a pause on policy rates through CY2023 while modulating system liquidity. The window for policy pivot to rate cuts could open-up in 1H CY2024, if inflation trajectory warrants given…
Supercharge Your Cloud Security with PingSafe’s Cutting-Edge Solutions Now Available on Google Cloud Marketplace
Bengaluru, 8th June 2023: PingSafe, the only CNAPP platform powered by attacker’s intelligence, announced its launch on Google Cloud Marketplace today. Google Cloud users can now quickly find and deploy PingSafe’s CNAPP platform on the Google Cloud Marketplace, streamlining the onboarding process and allowing users to proactively secure their Google Cloud real estate. “PingSafe was built with the vision of securing the cloud and making…
Quote on RBI Monetary Policy – Mr. Rajiv Agarwal, MD & CEO, Essar Ports
Mr. Rajiv Agarwal, MD & CEO, Essar Ports “Today’s announcement of the RBI Monetary Policy is a result of the overall positive outlook of the Indian economy and that the inflation is under control. This reflects that India has decoupled from the rest of the world in terms of inflation and growth rates. We should expect a downward reduction in the rates in coming times.”
Views on RBI Policy: Mr. Dhiraj Relli, MD & CEO, HDFC Securities
Mr. Dhiraj Relli, MD & CEO, HDFC Securities “The RBI MPC left the repo rates unchanged at its meet on June 08 in line with street expectations. MPC members were in a sweet spot in the backdrop of higher than expected GDP numbers and moderating headline and core inflation print. The MPC continued with the ‘withdrawal of accommodation’ stance (with 5:1 majority), as liquidity has…
Simpl partners with McDonald’s India
Simpl partners with McDonald’s India to enable a seamless 1-tap checkout experience for millions of its customers online This partnership assumes significance with an increasing number of customers ordering online Mumbai, 08 June 2023- Simpl, India’s foremost 1-tap checkout network, today announced a partnership with McDonald’s India (West & South), to bring a seamless online checkout experience to millions of customers. Simpl’s integration with the…
Forever New India Surpasses 200 Crore+ Revenue Milestone in Under a Year
Delhi, 8 June 2023: Forever New is an illustrious fashion empire hailing from the vibrant city of Melbourne, Australia. Since its inception in the twilight of 2006, this extraordinary brand has rapidly ascended to become one of the most revered and fastest-growing Australian marvels. With a presence in over 250 stores across seven countries, Forever New has garnered a reputation for its celebration of feminine…
Reaction on RBI Policy from Andromeda and Square Yards
Mr. V Swaminathan, executive chairman, Andromeda sales and Apnapaisa.com The RBI’s decision to maintain the policy rates unchanged is positive news for borrowers, especially considering the global apprehensions that persist in advanced economies. However, the Reserve Bank of India remains focused on preserving price and financial stability while ensuring adequate flow of financial resources to all productive sectors of the economy. It is encouraging to…
Max Life extends claims support for Odisha train accident victims
New Delhi, 7th June 2023: Max Life Insurance Company Ltd. (“Max Life” / “Company”), stands in solidarity with the people impacted in the Odisha train accident and has extended swift claims support to them and their families. The Company has established a dedicated claims support desk and appointed a nodal officer to simplify and expedite the claims payments. To ensure quick claim settlement, some basic…