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A possible DHFL scenario suddenly puts billions at stake

The company’s shares are already down more than 90 per cent so far this year.


Nov 22, 2019, 11.32 AM IST



Only two bidders interested in SECI wind energy auction

The 1,200 MW tender was issued by SECI for the second time this week at a ceiling tariff of Rs 2.93 per unit.

A 1939 near mint-condition copy of Marvel Comics No. 1 fetches $1.26 at auction

The issue features the first appearances of characters such a...

Add to cart: Millennials turn art lovers, ditch auction houses for online sales

The Indian art market is shifting rapidly from the traditiona...

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  • The 17th-century copy was initially valued at 70,000-90,000 euros.

    While the proposal to tweak conditions for auctioning of completed highway stretches to make them attractive for investors and allowing NHAI to securitise the future flow of toll revenue of already operational stretches with banks and financial institutions to get upfront lump sum amount would be considered by the cabinet.

    Safema authorities have fixed a reserve price of Rs 3.45 crore for the 1245-sq feet flat at the plush Juhu Tara road in suburban Mumbai belonging to Mirchi. The winner will have to deposit Rs 86.50 lakh as earnest money.

    "Notice Inviting Tenders for 26 more iron blocks have been issued," Joshi said in a reply to a question in the Rajya Sabha. Since 2015, 24 iron ore blocks have been auctioned, the minister said. As per available information, the consumption of iron ore was 166 million tonnes in 2016-17, 175 million tonnes in 2017-18 and 189 million tonnes during 2018-19, the minister said.

    The interest on SDL is received at half-yearly intervals and the principal is repaid on the maturity date.

    Essar Steel and Gujarat State Petroleum Corporation have won two-thirds of the natural gas Reliance Industries offered in an auction. Essar Steel, which has been in news lately for its bankruptcy, is learnt to have won 2.25 mmscmd, while GSPC got 1.2 mmscmd. RIL-BP sold all the gas offered.

    It’s commonly believed that salesmanship and humour are the only qualities an auctioneer needs.

    In June, ONGC had sought private contractors for the 64 producing small fields, organised in 17 onshore contract areas and with a reserve of 300 million metric tonnes of oil equivalent, and is currently engaged in pre-bid talks. But some potential bidders feel that just a share in incremental revenue may not make these fields lucrative enough.

    ​​The approved per annum capacity of the mine is 2.6 million tonnes with an extractable reserve of 114 million tonnes. Once operational, it will provide fuel security, improve power availability and further strengthen the company’s aluminium operations and performance.

    These bids came in after several obstacles were faced in the manufacturing-linked solar power auctions. For past few months, renewable power project bids, particularly manufacturing-linked solar energy ones, were either extended or scrapped on account of poor response from the developers.

    CIL had allocated 17.69 MT of coal in the year-ago period, according to govt data. The coal allocated by the PSU under the scheme in September also dropped to 1.97 MT, compared to 2.58 MT in the corresponding month of 2018-19. The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single window service.

    Christie’s Monday evening sale of Impressionist and modern art totaled $191.9 million.

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