If RBI clears OMO with the greenshoe option, market will have to incrementally absorb only Rs 3,000 cr of fresh debt
Government bond yields are likely to trend down on the back of a market friendly open market operations (OMO) purchase window announced by the Reserve Bank of India.
RBI will purchase Rs 6,000 crore of government bonds with a greenshoe option of Rs 3,000 crore on March 5, 2009. The purchase of bonds will be auction-based and on a uniform-price basis.
Companies continue to hire professionals from IIM-A despite low demand and tight conditions of financial market under the impact of global slowdown. Recently, around 50 companies visited the Indian Institute of Management, Ahmedabad (IIM-A) to recruit students of the post-graduate program (PGP), encouraging freshers not to sit idle and face challenges aroused on accounts of breakout of global recession.
India recoded 5.3 per cent growth rate, the lowest over the last five years, during October-December period of current financial year, reflecting grimmer situation ahead under the impact of global slowdown and recession across the world. The economy was growing at 8.9 per cent in the same quarter of 2007-08.
Government and the Reserve Bank have taken many fiscal measures to stimulate demand across various sectors of economy and announced special economic booster package to mitigate the impact of global slowdown on the economy. However, the results of these stimulus packages will take time to reflect results.
Mumbai, Mar 2 : The board of directors of Reliance Industries headed by Mukesh Ambani on Monday agreed to merge with its refinery subsidiary, the Reliance Petroleum Ltd. (RPL).
Both the companies, in their respective filings, agreed on one equity share for the RPL shareholders and 16 for the RIL shareholders.
This development has resulted in formation of one of the largest refineries in the world.
Showing recovery for the two successive months, Maruti Suzuki has reported a 24.08% growth in its total sales during the last month (February 2009).
Companies continue to hire professionals from IIM-A despite low demand and tight conditions of financial market under the impact of global slowdown. Recently, around 50 companies visited the Indian Institute of Management, Ahmedabad (IIM-A) to recruit students of the post-graduate program (PGP), encouraging freshers not to sit idle and face challenges aroused on accounts of breakout of global recession.
India recoded 5.3 per cent growth rate, the lowest over the last five years, during October-December period of current financial year, reflecting grimmer situation ahead under the impact of global slowdown and recession across the world. The economy was growing at 8.9 per cent in the same quarter of 2007-08.
Mumbai, Mar 2 : The board of directors of Reliance Industries headed by Mukesh Ambani on Monday agreed to merge with its refinery subsidiary, the Reliance Petroleum Ltd. (RPL).
