Page 3 - Auction

E-auction begins for giving out over 600 items gifted to PM Narendra Modi

Over 600 items, including a meticulously crafted model of the Ram temple in Ayodhya and a set of sporting memorabilia from the latest Paralympic Games, gifted to Prime Minister Narendra Modi have been put up for an e-auction that began on Tuesday. The beginning of the sixth edition of the online auction coincided with the birthday of Prime Minister Narendra Modi, who turned 74 on Tuesday. The first edition of the e-auctions was held in January 2019. According to the Culture Ministry, a section of the auction pays tribute to India's valiant warriors and freedom fighters, celebrating the glorious chapters of the nation's history. "PM Mementos is back! It's your chance to own a piece of memorabilia presented to Hon'ble PM Sh @narendramodi! Join the e-auction from September 17 to October 2 and place your bids on unique artworks, crafts, and sculptures," the ministry posted on X. It said that the last five editions of the e-auction have garnered more than Rs 50 crore. To participate in

BlackRock to initiate auction for Amazon aggregator once valued at $1 bn

An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L Catterton-backed firm has been scheduled for Sept. 17 at a Berlin hotel

Second sovereign green bond auction of FY25 receives a muted response

The first green bond auction of this financial year was cancelled on May 31 for similar reasons

Selected gifts presented to President, ex-presidents to be auctioned

The Rashtrapati Bhavan through a web portal will auction selected gifts presented to the President and former presidents on different occasions, an official statement issued on Friday said. In the first phase, around 250 exquisite gifts will be auctioned, it said. "The aim of this initiative is not only to increase citizen engagement but also to support noble cause. All proceeds from the auction will be donated to help children in need," the statement issued by the President's office said. The bidding will be open from August 5 to August 26. After the conclusion of the bidding period, the items will be delivered to the highest bidders. "Rashtrapati Bhavan will auction selected gift items, presented to the President and former Presidents on various occasions, through an online portal called E-Upahaar," it said. The portal was launched by the President Droupadi Murmu on Thursday, on the completion of two years of her presidency. Interested persons can place their bids on ...

Coal India to ease e-auction rules, plans to tweak allocation methodology

Maharatna coal behemoth Coal India Limited (CIL) on Friday said it has taken steps to ease e-auction norms like lowering the earnest money and enhancing the quantity of the dry fuel on offer. The company is also planning to tweak its auction and allocation methodology, as it aims to encourage increased participation. "CIL has taken steps to ease the norms in e-auctions like lowering the earnest money deposit (EMD) and ramping up the quantities offered under the auction hammer," the PSU said in a statement. The coal behemoth has asked all its arms barring Northern Coalfields Ltd, to spike up their offer quantity under e-auction to 40 per cent of their respective total production for the second and third quarters of this financial year. At present, Coal India operates only a single window mode agnostic e-auction scheme, where consumers can opt their own preferred mode of transport of coal. "The company is also planning a revamp of its auction and allocation methodology under its ...

Telcos eye four spectrum bands as auction enters round 4 on Day 1

Telecom operators showed interest in four spectrum bands -- 900 MHz, 1,800 MHz, 2,100 MHz, and 2,500 MHz -- as the auction entered the fourth round around 3pm on Tuesday, sources said. Spectrum auction for over 10,500 Mhz mobile services worth over Rs 96,238 crore started at 10 am, an official statement said. "There was activity in four spectrum rounds initially -- 900 MHz, 1,800 MHz, 2,100 MHz, and 2,500 MHz band. Spectrum auction entered the fourth round around 3pm," a source told PTI. It is the 10th spectrum auction since the process for sale of radiowaves started through an online bidding process in 2010. The last spectrum auction was held in August 2022, which, for the first time, included radio waves for 5G services. The Department of Telecommunications (DoT) has initiated the spectrum auction and notice inviting applications was issued on March 8. "The Ministry of Communications announced that the following spectrum bands will go up for bidding in the upcoming auction -- 8

Union Minister Reddy launches 10th round of commercial coal mine auction

The move will enhance domestic coal production and ensure energy security for the nation, according to an official statement from the Ministry of Coal

RBI to buy back government bonds worth Rs 40,000 crore on Thursday

Bond market participants said that the auction is expected to witness tepid demand as banks might refuse to sell bonds at a loss

Telecom spectrum auction for 8 bands starts from May 20, says DoT

10,523 MHz up for sale, reserve price of spectrum is Rs 96,317 cr

Raj govt expects to attract investment with e-auction of iron ore blocks

Rajasthan is one of the richest states in terms of availability and variety of minerals in the country, producing over 57 different minerals

RBI conducts two VRRR auctions as money market rates fall below repo rate

The RBI received Rs 20,860 crore bids against the notified amount of Rs 50,000 crore at the first auction

Torrent Power, Lanco lowest bidders in natural gas-fired power auction

India relies on coal to generate about three-quarters of its electricity, and power generated from coal is typically much cheaper than that generated by gas-fired plants

RBI conducts two VRRR auctions again to balance liquidity within system

Market participants are attempting to address the uneven liquidity and absorb the excess liquidity resulting from government spending, stated a dealer at a primary dealership

Borrowing cost of states falls to 18-month low at 7.48% at latest auction

The borrowing cost of states declined to an 18-month low at 7.48 percent at the latest auction held on Tuesday. Since the first auction of the fourth quarter held on January 2, the average cut off of state government bond auctions was sniffing at a shade less than 7.8 per cent, which was a two-year high. At the latest auction held on Tuesday, 14 states raised Rs 26,700 crore which was 22 per cent lower than the indicated Rs 34,400 crore for this week in the fourth quarter auction calendar, according to data shared by rating agency Icra. The lower supply was partly on account of the upward revision in tax devolution in the revised estimates for FY24 by the Centre in the interim Budget. This may reduce the borrowing requirements of some of the states in the remainder of the fourth quarter of this fiscal. Reflecting the lower-than-indicated borrowing on Tuesday, the spread between the cut-off of the 10-year state debt and the 10-year G-Sec yield eased to 41 basis points from 49 basis

Centre begins re-auction for 10 GWh tranche of ACC battery PLI scheme

Bidding process will be held online through a transparent two-stage process

Sebi to auction 30 properties of 6 companies to recover money on Feb 13

Sebi on Thursday said it will auction 30 properties of six companies, including Mangalam Agro Products, on February 13 to recover money illegally collected from the investors. The properties will be auctioned for a reserve price of nearly Rs 30 crore. The other companies whose properties will also be auctioned are Bishal group of companies, Purusattam Infotech Industries, NVD Solar Ltd, Sun Plant Business and Jivan Sathi Dream Projects. The properties that go under the hammer include land parcels, plots, land with building structures and flats in West Bengal and Odisha, and they will be auctioned at a reserve price of Rs 29.97 crore, according to a notice issued by Securities and Exchange Board of India (Sebi). The markets regulator invited bids for sale of properties in the recovery proceedings against Mangalam Agro Products, Purusattam Infotech Industries, Jivan Sathi Dream Projects, Sun Plant Business, Bishal group and NVD Solar, along with their promoters/ directors, it said.

Puducherry govt to raise Rs 200 crore through auction of dated securities

The Puducherry government has offered to sell 12-year dated securities to the public in the form of stocks by auction for an aggregate amount of Rs 200 crore, a release from the Commissioner-cum-Secretary to Finance of Puducherry administration Ashish Madhaorao More said. The auction would be conducted by the Reserve Bank of India's Mumbai office (Fort) on January 9. Securities will be issued for a minimum nominal amount of Rs 10,000 and in multiples of Rs 10,000 thereafter. Interested persons, firms, companies, corporate bodies, institutions, Provident Funds, trusts, regional rural banks and cooperative banks may submit a single consolidated non-competitive bid on behalf of all its constituents in electronic format on the Reserve Bank of India Core banking solution (E-Kuber), available on the website www.rbi.org.in on January 9 between 10.30 am and 11 am, the release said. The result of the auction will be displayed by RBI Mumbai (Fort) on January 9 on the website. Successful ..

12 states raise Rs. 20,759 crore through auction, Tamil Nadu tops list

Tamil Nadu secured Rs 6,000 crore through two papers - Rs 3,000 crore through a 10-year paper with a cut-off yield of 7.66%, and Rs 3,000 crore through a 30-year paper with a cut-off yield of 7.56%

IPL 2024 auction: Who will host the bidding process in Dubai; check here

Mallika Sgara will be the first female auctioneer of the IPL in its 16-year-old history. She would replace Hugh Edmeads for the post

165 cricket players to go under hammer in WPL auction on December 9

As many as 165 players will go under the hammer during the player auction for the second edition of the Women's Premier League scheduled to be held here on December 9. The second edition of the WPL could take place in February-March next year. "Out of 165 players, 104 are Indians and 61 are overseas cricketers of which 15 are from associate nations. The total capped players are 56, uncapped players are 109," BCCI said in a release on Saturday. "A maximum of 30 slots are available with the five teams, with 9 spots for overseas players." West Indian all-rounder Deandra Dottin, who was initially bought for Rs 60 lakh by Gujarat Giants before being controversially excluded on medical grounds, and Australian fast bowler Kim Garth chose to be in the top bracket with the highest reserve price of Rs 50 lakh. Interestingly, it was the 27-year-old Garth who had replaced Dottin in the Gujarat Giants squad, who later released the Aussie in the off season. Aussie all-rounders Annabel Sutherla