NSE to auction investment limits for Rs 7,264-cr govt bonds
.jpg)
Leading bourse the National Stock Exchange (NSE) will auction investment limits for overseas investors for the purchase of government debt securities worth Rs 7,264 crore on Monday.
The auction will be conducted on NSE's e-bid platform from 1530 hours to 1730 hours, after the close of market hours.
The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased.
According to depositories data, the total investment in government debt (auction) has reached Rs 136,736 crore till Thursday, which was 94.96 per cent of total permitted limit of Rs 1.44 lakh crore.
Consequently, the exchange has decided to conduct an auction for the allocation of unutilised debt limits on Monday, July 25, 2016.
Besides, a mock bidding session would be conducted on Friday in this regard.
To boost foreign flow, limit for overseas investors in central government securities has increased from Rs 1.4 lakh crore to Rs 1.44 lakh crore from July 5.
This limit was hiked to Rs 1.4 lakh crore from April 4. Prior to that, the limit was Rs 1.35 lakh crore.
In an online auction conducted earlier this month, the government debt securities had attracted bids to the tune of Rs 8,419 crore from foreign investors as against Rs 8,114 crore on offer.
Other Latest News
.webp)
The Supreme Court on Tuesday dismissed a petition seeking to revert to ballot paper voting in elections in the country.
"What happens is, when you win the election, EVMs (electronic voting machine) are not tampered. When you lose the election, EVMs are tampered (with)," remarked a bench of Justices Vikram Nath and P B Varale.
.webp)
The Bharatiya Janata Party (BJP) would not rush into announcing its chief ministerial candidate until the distribution of portfolios in the new Maharashtra government is finalised, party sources said on Tuesday.
The indications that the Mahayuti coalition's decision on who would become the next CM would be delayed emerged as the Governor on Tuesday morning asked Eknath Shinde to act as a caretaker chief minister after he tendered his resignation.
.webp)
Anurag Agrawal, Dean of Biosciences and Health Research at Ashoka University, in a conversation with Economic Times, has claimed that every resident of Delhi is developing lung damage as deadly smog continues to blanket the Capital city.
Upon being asked how many people will suffer from lung cancer in future because of poor AQI, the Ashoka University dean said that “every Delhi is developing some degree of lung damage.” People who have pre-existing diseases or sensitivity are more serious, but no one is immune to it, he added.
.webp)
India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters.
US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Indian government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022.
.webp)
The board of directors of Hindustan Unilever (HUL) on Monday gave an in-principle approval to demerge the ice-cream business into an independent listed entity.
Subject to necessary approvals and procedures, shareholders of HUL will receive shares in the new entity in proportion to their shareholding in the company, HUL said in a release.
.webp)
.webp)
.webp)
.webp)
.webp)
