Tea Board launches corporate credit card for buyers at tea auctions
By using this card, the buyers can settle the auction payments within the time limit and avail 45 days free credit period from the bank. This will ease out the liquidity crunch of the auction buyers. and facilitate better participation in the auction process. This will enhance participation in the auction process.
Aggressive bidding derails Odisha's iron ore auctions
The decision was taken after Adani group and ArcelorMittal, who participated in the fir...
Govt prepares to auction coal to stressed power plants
The auctions, likely to start by February next year, will be reserved for non-captive ...
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.
Power Ministry cancels auction of 2.5GW after tepid response from state utilities
According to sources, lack of interest from state power utilities due to a higher tariff of Rs 4.41 per unit discovered through the reverse auction process led to the cancellation of the auction. The power ministry now has advised nodal agency Power Finance Corporation-arm PFC Consultancy Ltd (PFCCL) to call the bids again.
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.
Mega spectrum auction likely to net only Rs 40,000 crore, say analysts
On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country’s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.
DoT to seek Trai proposal on pricing of 26 GHz band
The Department of Telecommunications will now seek pricing recommendations from the Trai for the band.
Raza's 'Paysage' to make auction debut, estimated to fetch Rs 3.15 crore
Saffronart's winter online auction will also feature works by Jagdish Swaminathan, Ram Kumar, Bhupen Khakhar and F N Souza.
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.
Telcos want DoT to make early referral to Trai for recos on 26 MHz band
COAI had previously said that DoT’s proposal to use low power of 7 decibel-watt for 5G base station will require 16 times more base stations to adequately provide coverage, thus making the rates of service unaffordable for the people.
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.
DCC clears Rs 5.22 lakh cr spectrum sale plan; auction in March-April
"The DCC has today approved the recommendation of Telecom Regulatory Authority of India (TRAI). We are hopeful that auction shall be conducted in March-April," Telecom Secretary Anshu Prakash said. He said the auction will entail sale of over 8300 MHz of spectrum spread over all 22 telecom circles, the reserve price of which comes to Rs 5,22,850 crore.
IPL Auction: Pat Cummins becomes the most expensive foreign buy ever at Rs 15.5 crore
Morgan, who has played for KKR before, had a base price of Rs 1.50 crore. The men in purple had to stave off stiff competition from Delhi Capitals who were also interested in the swashbuckling southpaw. Morgan was second to go in the first set of players of the 13th auction where Chris Lynn, who was released by KKR, was roped in by Mumbai Indians for his base price of 2 crore without any bid.
Lost & found: When a missing crescent-shaped emerald from Maharaja of Kapurthala’s collection surfaced at auction
The crescent-shaped emerald was owned by Anita Delgado, the ex-wife of the Maharaja Jagatjit Singh.
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