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Market participants offer to sell G-Secs worth ₹1.22 lakh cr at OMO auction against ₹50K cr notified amount

Market participants offer to sell G-Secs worth ₹1.22 lakh cr at OMO auction against ₹50K cr notified amount

by | Jan 12, 2026 | Business


Market participants offered to sell Government Securities (G-Secs) aggregating ₹1,22,525 crore to the RBI at the open market operation (OMO) purchase auction on Monday against the notified amount of ₹50,000 crore. The offer to sell higher amount of G-Secs comes as the banking system is having only a small surplus.

The RBI bought seven G-Sec, maturing between 2029 and 2053, and injected the notified amount into the banking system.

As on January 11, 2026, surplus liquidity in the banking system stood at just ₹29,872 crore. Bankers’ say, ideally, the liquidity surplus in the banking system should be about ₹1.5-2 lakh crore to ensure further transmission of the cumulative 125 basis points repo rate cut effected between February 2025 and December 2025.

The aforementioned auction is part of liquidity injection measures aggregating to ₹2 lakh crore via four tranches of OMO purchase of G-Secs amounting to ₹50,000 crore each announced by the RBI on December 23, 2025.

Further, the RBI will be conducting a USD/INR Buy/Sell Swap auction of $10 billion for a tenor of 3 years on January 13, 2026.

Published on January 12, 2026



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Nissan strengthens India leadership by appointing Thierry Sabbagh as President

Nissan strengthens India leadership by appointing Thierry Sabbagh as President

by | Jan 12, 2026 | Business


Thierry Sabbagh, Divisional Vice President and President, Middle East, KSA, CIS and India, Nissan and Infiniti

Nissan on Monday announced a series of senior management changes in its Africa, Middle East, India, Europe and Oceania (AMIEO) region to strengthen delivery of Re:Nissan transformation plan and enhance operational efficiency, speed and customer focus.

Effective January 1, 2026, Thierry Sabbagh’s responsibilities have been expanded to include Nissan India, as he becomes Divisional Vice President and President, Middle East, KSA, CIS and India – Nissan and Infiniti.

India is central to Nissan’s ambitions in 2026, as the brand accelerates its resurgence in the market. It will introduce three new models 14 to 16 months, including GRAVITE, TEKTON and a 7-seater C-SUV, says the release.

Thierry Sabbagh said the Middle East and India are dynamic, fast-growing and continuously evolving markets, with significant opportunities ahead.

Published on January 12, 2026



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Australian University of New South Wales to open Bengaluru Campus by August

Australian University of New South Wales to open Bengaluru Campus by August

by | Jan 12, 2026 | Business


The University of New South Wales (UNSW), an Australian university, will open its Bengaluru campus at Manyata Tech Park in August this year. The agreement was signed on Monday in the presence of Minister for Large and Medium Industries M.B. Patil and Higher Education Minister Dr M.C. Sudhakar.

At a programme held at Vidhana Soudha, UNSW Vice-Chancellor Prof. Attila Brungs and Industries Department Principal Secretary Dr S. Selvakumar exchanged the Memorandum of Understanding.

Initially, the university will offer undergraduate programmes in commerce, media, computer science and data science, along with a postgraduate programme in cyber security, the Ministers said.

After interacting with the delegation, Patil said the academic council of UNSW would directly oversee the Bengaluru campus, with the same curriculum taught here as at the parent university. With several leading companies located at Manyata Tech Park, students will benefit from strong industry exposure and skill-oriented learning. He added that UNSW would also establish a campus at the upcoming KWIN City in the near future.

Patil noted that an education and research cooperation programme between India and Australia for 2025–30 is currently in force. He added that UNSW already has close academic and institutional links with organisations such as IIM Bengaluru, IISc, the National Law University, the Union Ministries of Highways and Steel and the State Renewable Energy Development Corporation.

Minister Sudhakar said UNSW is widely recognised across the Asia-Pacific region for its strong employability outcomes, with graduates actively sought after by leading employers. The opening of its Bengaluru campus will further strengthen the city’s innovation ecosystem and encourage more international universities to establish a presence here, he added.

Industries Department Commissioner Gunjan Krishna, Invest Karnataka Forum CEO Jyotsna and other senior officials were present on the occasion.

Published on January 12, 2026



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Improving demand, tightening supplies lift chana prices

Improving demand, tightening supplies lift chana prices

by | Jan 12, 2026 | Business


Prices have moved up by ₹225-300 over the past couple of weeks
| Photo Credit:
KAMAL NARANG

As festive demand picks up, chana (gram) prices have firmed up over the past couple of weeks and are seen inching towards the minimum support price (MSP) levels. Prices have moved up by ₹225-300 over the past couple of weeks on tightening supplies.

“The festival demand has picked up,” said Satish Upadhyay, Hon Secretary, India Pulses and Grains Association. Also, the remaining stock of the domestic crop is not of good quality and the prices of yellow peas have also firmed up, partially shifting the demand to chana.

IPGA in its weekly update said prices of both domestic and imported chana increased for the third consective week ending January 10, on steady demand from trade and processors. Prices were supported by firm imported chana and tight domestic supply as mandi arrivals were low.

Buyers going slow

Moreover, the imports of chana have also slowed down as importers, anticipating a higher domestic crop have slowed down the purchases ahead of the new crop arrivals, he said. Chana imports from Australia for the current season are down by around 6 per cent at 3.89 lakh tonnes over last year.

Upadhyay said the prices are likely to remain range-bound hovering around the MSP levels, depending on the government procurement strategy. The government has announced MSP of ₹5,875 for chana for the rabi 2026-27 marketing season. Average mandi prices of gram stood at ₹5,417/quintal on January 10, marginally lower than the MSP of ₹5,650 for the 2025-26 season.

As per latest sowing data, chana has been sown in an area of 95.88 lakh hectares (lh) as of January 9, up 5.11 per cent from 91.22 lh a year ago. Overall, rabi pulses acreage is up by 2.83 per cent at 136.36 lh.

Rahul Chauhan of IGrain India said prices have firmed up on improving demand and slowing imports. Chana imports have slowed down as farmers in Australia are holding back, anticipating higher prices. “The Australian farmers are waiting for the prices to improve,” he said, adding that the Australia is having a huge crop of 2.2 million tonnes.

Published on January 12, 2026



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India’s rabi sowing area exceeds normal acreage, up 3% from last year

India’s rabi sowing area exceeds normal acreage, up 3% from last year

by | Jan 12, 2026 | Business


The government has fixed a target of 171.14 mt of foodgrains for the rabi season, which including 119 mt of wheat, 15.86 mt of rice, 16.57 mt of pulses, 3.17 mt of nutri-cereals, 14.5 mt of maize and 2.05 mt of barley, as well as 15.07 mt of oilseeds (including 13.9 mt of mustard)
| Photo Credit:
NAGARA GOPAL

With a coverage of about 10 lakh hectares (lh) in the past week, the overall acreage of rabi crops reached 644.29 lh as of January 9, which is 2.8 per cent higher than 626.64 lh a year ago. The area has exceeded the winter season’s average 637.81 lh, the government said on Monday.

Wheat acreage seem have been completed with no progress reported in the past week as acreage remained at 334.17 lh, same as on January 2. Last year, the acreage of wheat was at a record high of 328.04 lh which also led to a new high in production of 117.94 million tonnes (mt).

The government has fixed a target of 171.14 mt of foodgrains for the rabi season, including 119 mt of wheat, 15.86 mt of rice, 16.57 mt of pulses, 3.17 mt of nutri-cereals, 14.5 mt of maize and 2.05 mt of barley, as well as 15.07 mt of oilseeds (including 13.9 mt of mustard).

Favourable weather

Karnal-based Indian Institute of Wheat and Barley Research (IIWBR) has earlier said that favourable weather conditions are supporting vegetative growth and tillering of wheat.

“Urea is a key fertilizer applied more at growing phase. The first irrigation to wheat was already completed in December when first dose of urea was applied. Now, the second irrigation is due and the second dose of urea is must. It is good news that urea is being made available, let’s hope for the bumper harvest of wheat,” said former agriculture commissioner JS Sandhu.

According to sowing data, pulses’ acreage was 136.36 lh against 132.61 lh a year ago (up by 2.8 per cent); the area under chana (gram) was 95.88 lh against 91.22 lh, up by 5.1 per cent, and masur (lentil) acreage was 18.12 lh against 17.66 lh. There is no change in area under chana since December 26 which indicates the sowing is complete now.

Jowar coverage trails

Oilseeds’ acreage was 96.86 lh, up by 3.8 per cent from 93.33 lh. It included coverage of 89.36 lh under mustard, which is 3.2 per cent more than 86.57 lh a year ago, data showed.

The sowing area under rabi paddy is now 11.4 per cent higher at 21.71 lh from 19.49 lh and maize 7.4 per cent more at 25.24 lh from 23.49 lh. Barley acreage is complete and this year it is 21.1 per cent more at 7.36 lh from 6.08 lh last year, whereas its normal area is 5.63 lh.

The winter-grown jowar acreage reached at 21.36 lh against 22.66 lh a year ago, down by 5.7 per cent. The total acreage under nutri or coarse cereals reached 55.20 lh, 3.8 per cent higher from 53.17 lh.

Published on January 12, 2026



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