Bond boost ahead: RBI to reissue Rs 27,000 crore in securities, 2029 and 2054 maturities part of Centre's borrowing plan
The auction is scheduled for June 20.
According to a notification from the Finance Ministry, the RBI will reissue Rs 15,000 crore of the 6.75 per cent Government Security (GS) maturing in 2029, and Rs 12,000 crore of the 7.09 per cent GS maturing in 2054, ANI reported. In addition, the Centre has retained the option to accept up to Rs 2,000 crore in oversubscriptions across both securities.
A reissue allows the RBI to sell additional units of an existing bond instead of launching a new one, helping maintain liquidity in the bond market.
The proceeds from this auction will be part of the government's planned market borrowings.
The RBI will conduct the auction via its E-Kuber system. Non-competitive bids will be accepted from 10:30 am to 11:00 am, followed by competitive bids from 10:30 am to 11:30 am. Results will be announced the same day on the RBI's website. Payment by successful bidders is due on June 23, the designated date of reissue.
The interest on the bonds will be paid semi-annually, calculated from either the date of original issuance or the last coupon date. Both securities will be redeemed at face value on maturity.
Earlier in June, the RBI had also reissued two dated government securities worth Rs 32,000 crore, comprising Rs 16,000 crore each of the 6.92 per cent GS maturing in November 2039 and the 6.90 per cent GS due in April 2065.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
13 minutes ago
- Time of India
Nissan Magnite authorised CNG kit costs less than iPhone: Availability & warranty
Nissan Magnite authorised CNG kit costs less than iPhone. Nissan India has kicked off the second phase of its factory-authorised CNG retrofitment rollout for the Magnite SUV. As part of this latest phase, the CNG option is now available at authorised dealerships in Rajasthan, Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, and Tamil Nadu. This expansion follows the launch of the first phase on June 1, 2025, when the retrofitment kit was first introduced in Delhi-NCR, Haryana, Uttar Pradesh, Maharashtra, Gujarat, Kerala, and Karnataka. With the second phase now underway, the CNG-ready Magnite is available in 13 states across India, and Nissan has confirmed that preparations for a third phase are already in motion. The CNG kit is priced at Rs 74,999, less than the cost of a new iPhone, and is offered exclusively on the facelifted version of the Magnite, which was launched last year. It is compatible only with the 1.0-litre NA petrol engine paired with a 5-speed manual gearbox. This engine produces 71 hp and 96 Nm of peak torque. While Nissan hasn't shared the official mileage figures post-conversion, it promises improved fuel efficiency with the CNG setup. Magnite EZ Shift drive review: Is Nissan's AMT the best of both worlds? | TOI Auto by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beachfront Living in Mumbai at Sunteck Beach Residences Sunteck Realty Learn More Undo Developed and quality-assured by Motozen, the CNG kit meets BS6 Phase 2 emission standards and will be installed at government-approved fitment centres. Motozen will also provide a warranty of 3 years or 1 lakh kilometres on the kit's components. Speaking of the model, it gets features like an 8-inch touchscreen infotainment system, wireless Android Auto and Apple CarPlay, rear AC vents, wireless charger, and a 7-inch digital instrument cluster. Safety has also received an upgrade with six airbags, electronic stability control, and three-point seatbelts for all seats now standard across the range. Discover everything about the automotive world at Times of India .
Time of India
14 minutes ago
- Time of India
Can too much AI backfire? Study reveals why ‘AI-powered' products are turning buyers away
The AI Label: A Bug, Not a Feature? So Why the Mistrust? From Boon to Burden You Might Also Like: AI might take your job, but ignoring it could too: Microsoft links performance reviews to AI usage For all the bold claims about artificial intelligence revolutionising the future, a new study suggests that the buzzword 'AI' might be doing more harm than good—especially when it comes to convincing customers to make a purchase. Far from being impressed by "smart" devices, many people are actually repelled by to a report from The Wall Street Journal (WSJ), a study published in the Journal of Hospitality Marketing and Management reveals an unexpected trend: consumers, particularly those shopping for premium products, are less likely to buy when the product is branded as 'AI-powered.' The study was led by Dogan Gursoy, a professor at Washington State University , who was reportedly surprised by the an experiment detailed in WSJ, participants were split into two groups: one exposed to advertisements emphasizing artificial intelligence, and the other shown ads using vaguer terms like 'cutting-edge technology.' The result? Those marketed with generic tech phrases performed better in terms of consumer interest. AI, it turns out, might be the tech world's equivalent of trying too the study underlines is that people don't necessarily want a product that sounds smart—they just want one that works. As a report from VICE puts it bluntly, 'Does it toast the bread? Good. We did not need an AI to maximize our toast potential.'That attitude reflects a broader skepticism toward AI-branded gadgets. A related survey by Parks Associates, also cited by The Wall Street Journal, found that 58% of the 4,000 American respondents said the presence of the term 'AI' made no difference in their buying decision. More notably, 24% said it actually made them less likely to buy the product, while only 18% said it among the most tech-savvy generations, enthusiasm for AI branding is modest. The Parks survey found that only about a quarter of consumers aged 18 to 44 felt positively influenced by AI marketing. Older consumers were even more wary—about a third of seniors outright rejected products marketed with AI reasons underpin this skepticism. For one, many consumers simply don't understand how AI adds meaningful value to a product. When companies fail to clearly explain the benefit—such as how an AI-enhanced vacuum cleaner is better than a regular one—customers suspect gimmickry over genuine innovation. As VICE quips, 'Don't even bother explaining… I will immediately call out marketing speak—just old school American frontier snake oil with a snazzy tech coating.'There's also the matter of trust. AI-powered products are often seen as surveillance tools cloaked in convenience. Whether it's the fear of a smart speaker listening in or a robotic assistant tracking daily habits, the suspicion that AI devices are snooping looms may have been a brief window when 'AI-powered' labels intrigued consumers—maybe even excited them. But that window appears to have been closing for now. Today, AI branding risks sounding more like a creepy techno-curse than a promise of the report suggests, if marketers truly want to promote AI-enhanced products, they need to stop leaning on the term 'AI' as a standalone badge of quality. Instead, they must return to the basics of marketing: clearly articulating the practical, time-saving, or value-adding benefits a product the end, intelligence alone doesn't sell; especially if it's artificial and unexplained.
India.com
18 minutes ago
- India.com
Narayana Murthy, Sudha Murthy plans BIG, eye joint ventures in…, aim to replicate success like…
Catamaran is the family office of Infosys founder NR Narayana Murthy and his wife Sudha Murthy. It is looking out for joint ventures (JVs), which can give the success they achieved with global giants like Amazon and Aon as reported by Moneycontrol . Success Of Past JVs In 2014, Catamaran and Amazon had jointly set up Cloudtail as a 51:49 platform had trained sellers to sell on Amazon, and became one of the top sellers on the e-commerce platform. As this JV was successful, in 2021, both announced exiting Cloudtail due to changing landscape and e-commerce rules. Within this short period, the Murthys earned over $110 million (Rs 915 crore) in profits in eight years. The investment was of Rs $50 million (Rs 417 crore) from the JV, as per media reports. After this success, the family office started looking out for similar ventures. Catamaran's New Plan In 2025, precision manufacturing is a big theme for Catamaran because they think that partnership with new edge technology can create jobs and value. 'Think about…the Amazon JV — bringing a global platform, building locally, and creating jobs. We want to do the same in precision manufacturing. But we don't want to play just in original equipment manufacturers (OEMs) or high-volume, low-margin businesses. We want to build the supply chain,' Ranganath MD, Chairman at Catamaran told Moneycontrol in an interview. Catamaran is also planning to focus on precision manufacturing in Electric vehicle (EV) supply chains, electronics, aerospace and more. 'But we're clear: we don't claim to know manufacturing better than domain experts. If we do a JV in this space, it'll probably be a three-way partnership,' Ranganath MD added. While talking about three-way partnership in the same interview, he said: 'Catamaran will bring the capital and India know-how, the Indian promoter brings local expertise and a third partner will bring global manufacturing tech and process knowledge.'
