
Government to auction Rs 27,000 crore in securities, split into two tranches
Representative image
NEW DELHI: Government has announced the sale (re-issue) of dated government securities totaling Rs 27,000 crore, set for Friday. The auction will be split into two segments: Rs 15,000 crore at 6.75 per cent maturing in 2029, and Rs 12,000 crore at 7.09 per cent maturing in 2054.
According to a statement from the
Reserve Bank of India
(RBI), the underwriting auction will be conducted using a multiple price-based method. The auction details include specifications for the Minimum Underwriting Commitment (MUC) and minimum bidding requirements under the Additional Competitive Underwriting (ACU) framework for each Primary Dealer (PD).
Primary Dealers are permitted to submit their ACU bids electronically via the Core Banking Solution (E-Kuber) System between 9.00 am and 9.30 am on the day of the auction.
'The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of the securities,' the central bank said, as reported by ANI.
Earlier, on March 27, the government released the indicative calendar for the issuance of dated government securities—including Sovereign Green Bonds (SGrBs)—for the first half of the financial year 2025–26 (April 1 to September 30, 2025).
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
5 Books Warren Buffett Wants You to Read In 2025
Blinkist: Warren Buffett's Reading List
Undo
The advance publication of the auction schedule aims to enhance transparency and promote better investment planning among institutional and retail investors, thereby contributing to the stability and efficiency of the Government Securities (G-Sec) market.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
36 minutes ago
- Time of India
Bank investments in MFs soar 91% in FY25 amid subdued lending, surplus liquidity
Chalasani of AMFI expects banks' MF investment interest to be strong as the central bank has changed its liquidity stance from neutral to accommodative, leaving scope for sustained surplus liquidity. Banks' mutual fund investments jumped 91% year on year to Rs 1,19,863 crore as on March 21, 2025, from Rs 62,499 crore on March 22, 2024, data from the Reserve Bank of India (RBI) bulletin showed. Banks' MF investments had grown 28% in the previous year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Amid subdued lending and surplus liquidity, banks are earning relatively attractive returns from an untraditional source—mutual funds. Bank s' mutual fund investments jumped 91% year on year to Rs 1,19,863 crore as on March 21, 2025, from Rs 62,499 crore on March 22, 2024, data from the Reserve Bank of India (RBI) bulletin showed. Banks' MF investments had grown 28% in the previous non-SLR (statutory liquidity ratio) investments are remunerative treasury operations that banks engage in with surplus funds in the absence of attractive lending opportunities.'Besides suboptimal credit growth, bank investments in mutual funds schemes have gone up due to surplus liquidity conditions, favourable market conditions and relatively faster execution' explained Vinod A N, general manager and treasury head at South Indian Bank Venkat N Chalasani, CEO of Association of Mutual Funds in India (AMFI) and a former State Bank of India deputy managing director, said, 'Most of these investments are in liquid and money market schemes, which is also reflected in the overall mutual fund investment numbers where investments are in zero risk short-term debt instruments such as treasury bills where returns are comparably higher.'AMFI data for MF assets under management (AUM) in March 2025 shows that over 40 % of the funds are parked in liquid schemes. The returns on such investments can go up as high as 7%, while comparable treasury bill yield is around 5.9%Deploying surplus liquidity in MFs for a short-term period helps banks in asset liability management—to execute a bullish interest rate view and higher yield with the benefit of diversification without sacrificing the quality, exports said.'Unlocking of liquidity is relatively better in the form of MF redemption when compared to direct investments,' Vinod MF investments are expected to remain positive in 2025-26, depending on multiple variables like liquidity, interest rate view, credit growth, etc. 'However, repeating the sharp jump (of FY25) is a tall task,' Vinod said. 'I expect moderate growth in MF investment for the rest of FY26.'Chalasani of AMFI expects banks' MF investment interest to be strong as the central bank has changed its liquidity stance from neutral to accommodative, leaving scope for sustained surplus of the restrictive factors, however, is higher risk weights on these investments for banks which is linked to the quarter end investment positions. Hence, a longer trend of bank investments in MFs show a significant amount of pull-outs during the quarter ending period.


Time of India
36 minutes ago
- Time of India
Most listed new-age startups improve Q4 profitability; Swiggy, Ola lag behind
Out of the 17 new-age companies listed on Indian stock exchanges, 11 reported an improvement in profitability for the January-March quarter, either by expanded profits or narrower losses, in a sign of better operational performance. This group includes Nykaa , Delhivery , BlackBuck, Paytm, Policybazaar, Go Digit , Ather Energy and Ixigo . However, six others saw a deterioration in their bottom lines. These include food and grocery delivery firms Swiggy and Eternal , which ramped up cash burn amid intensifying competition in the fast-growing quick commerce sector. Losses also widened for FirstCry , Mobikwik and Ola Electric. For Ola Electric, the fourth-quarter loss more than doubled to Rs 870 crore even as its operating revenue plummeted 62%. Among the lot of these 17 companies, beauty and fashion retailer Nykaa and Policybazaar parent PB Fintech were the top performers, having posted 24% and 38% year-on-year growth in revenue for the fourth quarter, while also more than doubling their profits. ETtech Brokerages underscored the improvement in margins for these two companies, which went public in 2021, suggesting the momentum could continue. For PB Fintech, Citi Research highlighted a one-percentage-point expansion in contribution margins for the March quarter — which came after three quarters of contraction — in addition to reduced expenses on employee stock option plans as key drivers behind its strong profitability momentum. Live Events On Nykaa , brokerage firm JM Financial said strong working capital enhancement ensured that the company had its first year of positive cashflow since Covid, after adjusting for lease liabilities and capital expenditure. 'We believe core BPC (beauty and personal care) will benefit from repeat purchases from customers acquired this year, resulting in sharper margin improvement in the coming years. Nykaa's ability to deliver robust growth in a tepid demand environment along with margin enhancement demonstrates its differentiated market positioning,' the firm said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Beauty retailer Honasa Consumer , the parent of Mamaearth, meanwhile saw its profits falling 15% during the quarter on back of the company's offline restructuring exercise. The company's management indicated that it is now expected to see the positive impact of the rejig. ETtech Quick burn The fourth quarter saw increased cash burn for Gurgaon-based Zomato parent Eternal and Bengaluru-headquartered Swiggy in their quick commerce units, Blinkit and Instamart , respectively. This impacted their consolidated earnings, particularly at a time when their largest segment of food delivery is undergoing a slowdown. Going ahead, senior executives of the two companies laid out differing views on how they see profitability. Eternal said Blinkit will aggressively chase market share even if it comes at the cost of near-term profitability. On the other hand, Swiggy group CEO Sriharsha Majety said the operating losses for Instamart peaked by the end of the January-March quarter, and the company expects to 'progressively unwind losses' from here on. Eternal reported a 78% fall in its net profit to Rs 39 crore in the past quarter, while Swiggy's net loss nearly doubled to Rs 1,081 crore. A research note from HSBC Securities said Blinkit lost Rs 2 for every Rs 100 of gross order value (GOV), while Swiggy lost Rs 18. 'Cash burn for Swiggy was even higher than profit losses. In terms of competitive intensity, while the next few months are tactically favourable for Blinkit and Swiggy Instamart, competition may get intense again in the second half of this year and next year (2026),' it said. EV mixed bag For Ola Electric, the March quarter saw not only expanding losses but also a significant fall in revenue as the company went from being the leader in electric two wheeler segment to now falling behind legacy players such as TVS Motor and Bajaj Auto in terms of market share. Analysts at Kotak Institutional Equities, while downgrading their call on Ola Electric's stock to 'sell', said its future 'hinges on scaling up volumes' and a 'successful motorcycle foray', and that the company 'faces executive and credibility challenges'. According to the brokerage firm, the company's performance during the past couple of quarters has been marred by weaker scooter volumes and rising warranty provisions, which have weighed on its profitability. 'Volume trends have been impacted by increased competitive intensity and several quality issues faced by customers,' the analysts added. The company's operating revenue for the March quarter came in at Rs 611 crore – lower than its rival Ather Energy, which posted Rs 676 crore in top line . To be sure, Ather Energy, which went public in May, clocked less than half the scooter volumes compared with la Electric in fiscal 2025. Even though Ola Electric's losses expanded, Ather Energy saw its loss narrowing 17% during the March quarter. Logistics on firm ground New-age logistics firm Delhivery and truck aggregator platform BlackBuck both reported profits for the fourth quarter, compared to losses in the year-ago period. For Delhivery, the profitability in the March quarter meant it posted its first full year of net profit as its core transportation business continued to show improvement in operating efficiencies. BlackBuck, which went public last year, reported a net profit of Rs 280 crore, a major chunk of which was on account of a one-time tax credit. However, even on a pre-tax basis, BlackBuck turned profitable, reporting a Rs 41 crore profit, as it tightened expenses particularly under the heads of employee benefits and interest costs.


Economic Times
39 minutes ago
- Economic Times
Aequs files confidential DRHP to raise Rs 1700 crore
Belagavi-headquartered diversified contract manufacturer Aequs has filed a confidential draft RHP with SEBI with plans to raise $ 200 million (Rs 1700 crore) through an initial public offering (IPO), sources briefed on the matter said. ADVERTISEMENT Aequs, promoted by US-based Hubballi-born entrepreneur Aravind Melligeri, operates a manufacturing SEZ in Belagavi, a large toy cluster at Koppal, and a consumer durable good cluster in Hubballi with manufacturing operations also in Texas (US) and Cholet (France). Melligeri is also the co-founder of QuEST Global Engineering. Aequs along with Tata Electronics, Motherson Group & Jabil produce mechanical components for Apple products. The IPO, sources said, will consist of both fresh issue of equity shares and offer for sale by existing stakeholders. Aequs counts Amicus Capital, Amansa Capital, Steadview Capital, Catamaran, Sparta Group and Hubballi-born US-based entrepreneur Gururaj Deshpande as its investors. Aequs did not respond to an email seeking its comments. (You can now subscribe to our ETMarkets WhatsApp channel)