Auction

RIICO land auctions fetch ₹569 crore from 128 investors in Rajasthan

The official said RIICO received significant interest in two plots offered at Maal ki Toos in Udaipur to promote tourism activities, with around 68 entrepreneurs participating in the bidding

Sebi to soon issue framework on CAS; receives over 3,500 comments

Market regulator Sebi will soon issue a framework on proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper, its Chairman Tuhin Kanta Pandey said on Saturday. The Securities and Exchange Board of India (Sebi) had sought public comments on its proposal to review certain aspects of the CAS, market timings and the settlement methodology for derivative contracts. The deadline for submitting comments is October 3. Asked when the final framework or circular on CAS can be expected, Pandey said the regulator would quickly examine the responses and move ahead with the process. "Today is the last date, and we will actually quickly look at all these comments and go ahead, because I think our proposals are quite clear," Pandey said at an event organised by CPAI (Commodity & Capital Market Participants Association of India). The regulator would not require much time to compile and analyse the responses as the proposals

RBI absorbs ₹2.23 trillion via variable rate reverse repo auction

The Reserve Bank of India (RBI) on Friday absorbed Rs 2.23 lakh crore from the banking system amid surplus liquidity by conducting a variable rate reverse repo (VRRR) auction. The central bank received bids worth Rs 2,22,629 crore, which it accepted fully, for a notified amount of Rs 2.25 lakh crore. The amount was accepted at a weighted average rate of 5.24 per cent, the RBI said in a release. The RBI has been conducting VRRR auctions since last month in order to absorb excess liquidity from the banking system and align the overnight money market rates to the repo rate. As of September 17, liquidity in the banking system is estimated to be in surplus of around Rs 6.94 lakh crore, as per RBI data. As part of the liquidity adjustment strategy, the central bank on Thursday sold government securities worth Rs 50,000 crore through Open Market Operations (OMO). The remaining two tranches of G-sec sales of Rs 25,000 crore each are scheduled for September 21 and September 28. The bankin

Market's 14-minute swing on expiry day as closing auction sparks volatility

CAS sends benchmarks on a wild ride before retreat

M3M emerges as highest bidder for prime Noida land parcels at ₹1850 crore

Realty firm M3M emerged as the highest bidder for a mixed-use land parcel auctioned by the Noida authority, quoting around Rs 1,850 crore for a 12.5-acre plot in Sector 108, sources said on Tuesday. The Sector 108 parcel had a reserve price of Rs 835 crore and attracted a strong interest, with DLF Ltd also participating in the bidding, the sources said. M3M's bid was approximately Rs 1850 crore, they said. The land parcel is designated for mixed-use development, comprising residential and commercial components, according to the sources. The substantial premium fetched by the Sector 108 parcel highlights strong developer interest in strategically located mixed-use land in Noida, they added. An M3M spokesperson declined to comment immediately, while the Noida authority was yet to announce officially the auction details. DLF Limited, M3M Group and Godrej Properties were shortlisted to bid for this land parcel. However, in Tuesday's bid only two of the groups participated. Godrej ...

First monthly expiry under CAS sees a minor fall in derivatives turnover

Derivatives turnover across indices and stocks stood at Rs 569 trillion, down nearly 4 per cent from the previous monthly expiry, as the new CAS mechanism settles in

Sebi bars two players from market over CAS 'trade manipulation'

₹3.67 crore to be impounded

Street Signs: Dazed and confused; Milky Mist, Shiprocket GMP at 20%

Traders struggle with the new closing auction, IPOs enter a busy week and mutual fund equity inflows may have weakened despite July's market rally

Best of BS Opinion: Stock exchange closing auction system needs review

The day's opinion highlights flaws in closing auctions, the funding challenge in digital payments, humane KYC, cognitive warfare and everyday gender discrimination

CSM Technologies secures World Bank-backed Malawi project worth ₹3.2 crore

The ₹3.2 crore assignment will replace manual auction processes with a secure digital system, supporting transparent procurement and wider digital inclusion in Malawi

Govt scraps 9 critical mineral blocks auction citing poor investor response

The government has cancelled the auction of nine critical and strategic mineral blocks, citing poor investor response and lack of qualified bidders. These blocks were put on the block in the seventh round of sale. The development comes as a setback to the government's efforts to ramp up domestic exploration and production of critical minerals that are central to the country's push for energy security, clean-tech manufacturing and cutting down dependence on imports. It also reflects the challenge of drawing private investment into riskier mineral assets, where technical complexities, higher capital costs and regulatory uncertainties tend to dampen bidding interest. The government had cancelled several critical and strategic mineral block auctions in the previous rounds as well -- 11 blocks in the sixth round, five in the fifth, 11 in the fourth, three in the third, 14 in the second and 13 in the first tranche. "Since there were nil bids... the auction process for... two mineral bloc

Mining sector at crossroads: Moving beyond allocation towards execution

India's mining sector has seen major reforms over the past decade, but weak exploration, slow approvals and delayed project execution continue to hold back investment and output

Gifts from abroad over the years via diplomatic channels up for auction

The first public Toshakhana e-auction features around 300 gifts received by Indian diplomats, with proceeds going to the Consolidated Fund of India

Rolex, daggers, dragon sculptures: Inside India's diplomatic gift auction

Luxury watches, artworks, ceremonial objects and cultural artefacts gifted to Indian dignitaries are being auctioned through the MEA's Toshakhana, offering a glimpse into the 'gift diplomacy'

Nine states raise Rs 20,461 crore through SDL auction amid lower yields

The amount raised exceeded last week's mobilisation but fell short of the indicated borrowing calendar, with yields supported by softer government bond rates

Raja Ravi Varma's ₹167.2 cr-painting, and trajectory of Indian art market

Raja Ravi Varma's ₹167 crore auction sets a record, spotlighting rarity, national treasure status, and rising confidence of Indian art collectors

Cyrus Poonawalla buys Ravi Varma's 'Yashoda and Krishna' for record ₹167 cr

The price surpasses the previous record held by M F Husain's Untitled (Gram Yatra), which had sold for over ₹118 crore last year to Delhi-based collector and philanthropist Kiran Nadar

Govt cancels 11 critical, strategic mineral blocks auction on poor response

The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of qualified bidders. The development comes as a setback to the government's efforts to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions. In an annulment notice, the mines ministry said that the auction process for 5 mineral blocks was cancelled since no bids were received. The notice further said the auction process of five other mineral blocks was annulled as there were less than three technically-qualified bidders. Besides, auction process for Beku Rare Metal Block, West Bengal was also annulled. The mines ministry had in September last year launched the sixth tranche of auction for 23 critical mineral blocks spread across 13 states. The auction included 19 composite licence (CL) blocks and four mining lease (ML) blocks in Andhra Pradesh, Chhattisgarh,

West Asia conflict: Gas shortage fires up CIL's e-auction premiums to 35%

Coal India's e-auction premium rose to about 35 per cent in February 2026 as gas shortages linked to the West Asia crisis pushed industrial users towards coal

RBI injects ₹55,837 crore in banking system through 3-day VRR auction

The Reserve Bank of India (RBI) on Tuesday injected Rs 55,837 crore transient liquidity into the banking system through three-day variable rate repo (VRR) auction. The RBI injected the funds at cut-off and weighted average rates of 5.26 per cent, the central bank said in a release. The liquidity injected was much lower than the notified amount of Rs 1 lakh crore, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments. Currently, liquidity in the banking system is estimated to be in surplus of about Rs 26,196.36 crore as on March 23. In the last few days, the central bank infused transient liquidity of Rs 2,08,208 crore into the banking system through VRR auctions of various tenures. Prior to this, the RBI infused Rs 3.50 lakh crore of durable liquidity into the banking system through open market purchase (OMO) of government securities since January 2026.