Hyundai Motor India, Tata Motors , and Ford India – manufacturers that compete with Maruti locally – are likely to follow suit with cuts in the next few days. Tata Steel is trying to slash the scheme's costs by setting up a new retirement pot paying lower benefits. The 6.79% G-Secs maturing in 2027 declined to Rs 100.0775 from Rs 102.03, while its yield rose to 6.78% from 6.51%. The 6.97% G-Secs maturing in 2026 rose to Rs 101.98 from Rs 101.95, while its yield remained steady at 6.68%. The 7.35% G-Secs maturing in 2024, the 7.61% G-Secs maturing in 2030 and the 7.72% G-Secs maturing 2025 were also quoted higher at Rs 102.81, Rs 105.78 and Rs 105.08 respectively.

Source: Economic Times July 03, 2017 02:37 UTC