| 5 State Governments announce auctions of SDL 2017
The following State Governments have announced the sale of 10-year State Development Loans for an aggregate amount of Rs.1,837.000 crore through a yield based auction using multiple price auction method. Sr. No. State Notified Amount (Rs. crore) 1. Gujarat 400.000 2. Maharashtra 500.000 3. Mizoram 47.000 4. Nagaland 140.000 5. Rajasthan 750.000 Total 1837.000 The auction will be conducted by the Reserve Bank of India (RBI) at Mumbai on April 19, 2007 (Thursday).
RBI asks market participants to submit bids for MSS
Mumbai: The Reserve Bank of India (RBI) has asked participants to submit their bids for the market stabilisation scheme (MSS) in physical form. This has been done on account of a system failure, the central bank said. The RBI will auction dated securities worth Rs3,000 crore (nominal) on April 18, 2007 under the MSS. In consultation with the government of India, "7.55 per cent government stock 2010" will be sold (re-issued) through a price-based auction using multiple price method. The RBI will conduct the auction at its Mumbai (Fort) office on April 18.
Up to five per cent of the notified amount of the sale of the stock will be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility in the auction of government securities.
Bidding begins for Chrysler
Who do you know wants to buy a car company? DaimlerChrysler AG is, in effect, holding a corporate auction to find a buyer for its U.S.-based Chrysler Group this week, according to The Detroit News. General Motors Corp. has a bid on the table for the Chrysler Group and remains a long-shot candidate to acquire the struggling division, the publication reproted. Although GM's offer, made in late January, was initially rejected by DaimlerChrysler, the bid is still active as other potential buyers prepare to make their own proposals this week. .
Browne leads delegation bidding to save Hydro
LOCAL MP Jeremy Browne is leading a cross-party delegation to the Ministry of Defence on Thursday morning in a bid to keep the UK Hydrographic Office in Taunton. They will argue for either rebuilding the sea chart maker on its current Admiralty Way site or relocating in the town. At the 45-minute meeting they will ask Defence Minster Derek Twigg to drop a third option of transferring to offices beside the MetOffice in Exeter. .
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