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Two-way OMO plan set to keep yields capped

DNMUM402519 | 12/7/2017 | Author : Manju AB | WC :517

Trading at 7.07% earlier, yields dropped to 7.03% post RBI action on rates

Mumbai: Reserve Bank of India (RBI)’s plans to have a two-way open market operations (OMO) set a small rally in the government bonds on Wednesday. The 10-year benchmark government bond ended the day at 7.03% lower than the preceding close of 7.06%. Just before RBI’s policy announcement, they were trading at 7.07%.
A two-way OMO is when the central bank is ready to sell or buy back bonds from the banks to either suck out or release liquidity into the banking system.
“It is heartening to note RBI has also communicated greater clarity on the liquidity framework indicating that it is ready to deploy both short-term and durable tools to absorb or inject liquidity as the need arises,” Chanda Kocchar, managing director and CEO, ICICI Ban
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‘We’ve lined up capex of `15K cr for 3 years’
DNMUM428010 | 12/14/2018 12:00:00 AM | Author : Swati Khandelwal | WC :525

V S Parthasarathy, chief financial officer (CFO), Mahindra & Mahindra, spoke about the expected growth of the company, the impact of the trade war, acquisition of Korea’s SsangYong Motor and Mahindra-Ford alliance during an interview with Swati Khand
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Food for your pet’s soul
DNMUM428011 | 12/14/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :538

When millennials vouch by pure and gourmet foods, why leave out their beloved pets? Dogs and cats are getting a taste of all things artisanal and organic, with exotic ingredients like yak cheese, black rice, quail eggs making their way into curated p
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Uncertainty may lead to re-rating of power sector
DNMUM428027 | 12/14/2018 12:00:00 AM | Author : Sandeep Upadhyay | WC :676

Power sector is grappling with the double whammy of uncertainties revolving around policy and decision making along with depleting interest from the investors due to more than ever before focus on renewables.
About a fifth of the total power gener
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Let there be light
DNMUM428028 | 12/14/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :1452

In India’s bankruptcy courts, a clutch of electricity generators and ancillary companies are jostling for space. An unusual growth in capacity addition over the last few years that outpaced the demand had created stress in the sector, taking one afte
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