E-bidding

The government on Friday invited bids for setting up manufacturing facilities for 6,000 metric tonnes per annum (MTPA) of magnets under the Rs 7,280-crore Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet. The heavy industries ministry has issued a request for proposal (RFP) for selection of beneficiaries to establish integrated Sintered NdFeB Rare Earth Permanent Magnet manufacturing units. The pre-bid conference will be held on April 7 while the bid due date is May 28. Technical bids will be opened on May 29, 2026. The bidding process will be conducted online through the Central Public Procurement (CPP) Portal using a transparent Least Cost System (LCS), comprising a two-stage process -- technical and financial bids. The scheme, approved by the Cabinet chaired by Prime Minister Narendra Modi last November, seeks to establish a total manufacturing capacity of 6,000 MTPA of integrated REPM facilities in the country. Under the scheme, selected beneficiaries wi

Wakefit Innovations has opened its much-anticipated IPO today. From price band and grey market premium to financials and expansion plans, here’s a simple, complete breakdown of what this public issue

Crisil says revised financial and technical norms for HAM projects could restrict 25 per cent of current developers, with stricter net worth and execution track record criteria

Rival bidder Dalmia group is also in the fray and is willing to top Adani's offer - provided a key legal hurdle related to JAL's Sports City project is resolved

Power Grid Corporation of India (Powergrid) on Tuesday said it was acquiring Bidar Transco Ltd (BTL) after being selected as a successful bidder under a tariff-based competitive bidding (TBCB). REC Power Development and Consultancy Ltd (RECPDCL), and arm of REC Ltd, acted as the bid coordinator, Powergrid said in an exchange filing. On the objectives behind the acquisition, it said BTL is engaged in the same business as that of Powergrid. BTL has been acquired for an aggregate value of about Rs 6.52 crore, including 50,000 equity shares at par at Rs 10 each, along with assets and liabilities of BTL as on the acquisition date (18.02.2025). However, the acquisition price is subject to adjustment as per the audited accounts of BTL as on the acquisition date.

"Of course, there would be some rare cases when it may not be possible to go for an open tender process. However, such instances should come under exceptions and exceptions should not become the rule"

The ultimate objective is that corporate governance systems must become simpler; not more complicated, Parekh said

Privatisation of state-owned firm held up after money laundering case against top bidder

The BCCI is planning to have an e-bidding for the two new IPL teams on October 17 and the bids to buy the sides can be made till October 5.

Parcels worth more than Rs 600 crore may be sold via new platform

A consortium of Electric bus manufacturer Olectra Greentech and its sister concern Evey Trans Pvt Ltd has emerged as the least quoted bidder for the supply of 100 electric buses. "...Consortium of Evey Trans Pvt Ltd (EVEY) and Olectra Greentech Ltd has been declared as least quoted (L-1) bidder for another 100 electric buses (for Inter-City Operations) by one of the State Transport Corporation under the FAME-I1 scheme of Government of India," Olectra Greentech said in a regulatory filing on Monday. Olectra Greentech said once the letter of award is received for 100 electric buses, Evey will procure these electric buses from Olectra Greentech Ltd and deliver them over a period of 10 months. "Value of this tender is approximately Rs 250 crore to the company," Olectra Greentech said. Shares of Olectra Greentech were trading 4.97 per cent higher at Rs 187.85 apiece on BSE.

Move will help in bringing at least 40 mmscmd of natural gas from Krishna Godawari basin alone

The Reserve Bank of India (RBI) in its various measures to encourage retail participation has extended access to primary auctions to SDLs.

Currently, disinvestment of state-owned entities happens through a manual process in which an interested bidder submits a sealed bid

Global firms are likely to participate in bidding for 67 blocks with 85 million tonne reserves worth Rs 77,000 crore