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.
ARCs will now have to take the auction route to acquire NPAs
Total NPAs in the banking system are pegged at Rs 9.3 lakh crore.
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...
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.
Raza’s 'Paysage' exceeds upper estimate, fetches Rs 3.23 cr at auction debut
The online auction achieved a total sales value of Rs 12.66 crore.
Tea growers feel pinch of Assam protests, fear less production, sales
Sales of tea at the Guwahati auction centre have been disrupted. Instead of 40-45 lakh kgs, only 15 lakh kg has been sold so far this week.
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.
Don't need tax breaks to pursue charity: Tata Trusts
Will have to cease operations if forced to pay tax and arrears, said one of the six trusts.
More than Rs 15 cr raised in five years by auctioning off PM's gifts: Prahlad Patel
In an answer to a query in Rajya Sabha, Culture Minister Prahlad Patel said that the money had been raised during three auctions - February 18-20, 2015, January 27-April 1, 2019 and September 14-October 24, 2019.
Calling numbers, calculations, staying active: Sotheby’s boss reveals key skills of an auctioneer
Ishrat Kanga, who once served as an auctioneer, said that the job can also be daunting.
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.
ONGC auction gets tepid response
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.
Rain, industrial slowdown are helping India kick its coal habit
Coal generation fell for a fourth month in November, the longest such streak in govt data going back to 2005.
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