Jaypee Infratech auction: Homebuyers' voting on hold
Over 22,000 Jaypee Infratech homebuyers had opted for internal voting that started on Wednesday, but it was put on hold after some buyers raised objection on the legality of it. The buyers have also approached the Insolvency and Bankruptcy Board of India regarding the internal voting issue.
Next spectrum auction likely in April-June 2020
The sector regulator has suggested a base price for 5G airwaves of Rs 492 per MHz and has pro...
Raza's 'Paysage' to make auction debut, estimated to fetch Rs 3.15 crore
Saffronart's winter online auction will also feature works by Jagdis...
Gauguin's 1897 canvas 'Te Bourao II' fetches twice its estimated value, sells at $10.5 mn at auction
It is one of the few paintings from the post-impressionist's Tahiti period still in private hands.
Aggressive bidding derails Odisha's iron ore auctions
The decision was taken after Adani group and ArcelorMittal, who participated in the first of two rounds of auctions, complained against JSW’s decision to bid for the largest block through half a dozen subsidiaries. Senior officials of Naveen Patnaik’s government spent the weekend holding a series of meetings to save these high-stake auctions.
Govt prepares to auction coal to stressed power plants
The auctions, likely to start by February next year, will be reserved for non-captive power plants which do not have power purchase agreements (PPAs) for more than half their capacity, according to the bid guidelines released by the power ministry.
Crisis in the telecom sector casts shadow over 5G spectrum auction
Ernst & Young has estimated that it would cost $100 billion or so to launch 5G in India.
John Lennon's epic round sunglasses, Ringo Starr's parking ticket to go under the hammer at London auction
The items were kept for half a century by a former driver for The Beatles.
Big money! Painting by French 'master of black' sets world record, sells for $10.5 mn
The veteran painter decided to paint almost entirely in black in the late 1970s.
Coal India fetches 62% premium at spot auctions in October
For the period Apr-Oct, the company managed to command a premium of 67% over its notified prices on an average. At special forward e-auction for the power sector, CIL managed to sell coal at a premium of 39% over notified prices in October. For the Apr-Oct period, the company managed to command an average premium of 32% over notified prices.
Government mops up Rs 4,973 crore revenue from auctioned coal mines
Under Coal Mines (Special Provisions) Act, 2015, 31 mines have been allocated through auction so far, the minister said. Of the 31 mines, allocation of nine mines has been terminated for various reasons, Joshi said adding that of the remaining 22 mines, 13 have got opening permission and 11 are producing coal.
Only two bidders interested in SECI wind energy auction
The 1,200 MW tender was issued by SECI, the central government's nodal agency responsible for conducting auctions, for the second time this week at a ceiling tariff of Rs 2.93 per unit.
Government plans to tweak highway auction norms
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.
Iqbal Mirchi’s Mumbai property set to be auctioned
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.
Add to cart: Millennials turn art lovers, ditch auction houses for online sales
The Indian art market is shifting rapidly from the traditional auction houses and galleries.
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