Page 8 - Auction

Govt may invite financial bids for Shipping Corp sale in March quarter

The government is likely to invite financial bids for privatisation of state-owned Shipping Corporation of India (SCI) in the March quarter, an official said. "The demerger of non-core and land assets of Shipping Corporation is at an advanced stage. The process is expected to be over in about three months' time, after which financial bids will be invited," the official told PTI. The financial bids from potential investors are expected in the January-March quarter, the official added. In May, the board of Shipping Corp had approved an updated demerger scheme for hiving off the non-core assets of SCI to Shipping Corporation of India Land and Assets Ltd (SCILAL) including Shipping House, Mumbai and MTI (Maritime Training Institute), Powai to complete the process of de-merging all the non-core assets to the new company SCILAL. As per the balance sheet of SCI, the value of non-core assets held for demerger as of March 31, 2022, stood at Rs 2,392 crore. In March 2021, the government had

Viacom18 wants closed-envelope bids for media rights junked, ICC disagrees

Says the cricket governing body must explain PwC's exit from the auction process

Govt plans to auction 17 non-operational mines surrendered by PSUs: Joshi

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel to different sectors. "Just the-day-before yesterday (Sunday) I got 17 blocks back and they are very good blocks and I am putting them for auction now," Joshi said. Speaking during a conference on the Indian minerals and metals industry organised by NMDC and FICCI, the minister said many PSUs in the country in sectors like coal were sitting on big mines. The government decided to take away all those mines from the public sector undertakings which do not get into operation even after the lapse of five to six years and put them on sale. "I talked to the chief ministers and ministers of a few states and asked them the reasons for sitting on mines. These

As James Bond movies turn 60, his memorabilia is going under the hammer

007's watches, his Aston Martin among Christie's auction in September

ICC gives in to bidders' demands, changes auction rules for upcoming events

For four-year media rights for India, the benchmark price has been set at $1.4 billion. For eight years, the price has been set at $4 billion, 2.8 times the price for four years

Hitler's watch sells at Maryland auction for $1.1 million as 'WWII relic'

A Maryland auction house had estimated the value of wristwatch that once belonged to Adolf Hitler between $2-4 million, describing the watch as a "World War II relic of historic proportions."

Renewable energy auctions to attract large developers: IEEFA Report

Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022

BCCI walks away with Rs 48,390 cr in three-day IPL auction for media rights

Disney-Star, Viacom18 and Times Internet are winners, confirms cricket body's secretary Jay Shah

$142-million Mercedes-Benz smashes Ferrari's classic car record: Report

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for €135 million ($142 million) in a secret auction in Germany on May 5, Mercedes-Benz Chairman Ola Källenius has confirmed

Batman's 1986 Dark Knight cover has a $2 million auction estimate

The four-issue miniseries, written by Frank Miller, is widely credited for pivoting Batman from hokey children's fare to a more sophisticated and sinister form of storytelling

Lost for decades, Dorothy's dress from 'The Wizard of Oz' is up for sale

Bonhams has the dress on display this week at the auction house's New York location before it is sent to California for public view and auction

NFT of late S P Balasubrahmanyam's last unreleased song to be out on Apr 9

The unreleased track, which is in Tamil, was the last ever devotional track recorded by SPB a few weeks before he passed away in September 2020 following complications due to Covid-19

Sebi to auction up to 46 properties of Royal Twinkle, Citrus Check Inns

Capital markets regulator Sebi on Tuesday said it has lined up 46 properties of Royal Twinkle Star Club and Citrus Check Inns for an auction on April 6, at a reserve price of over Rs 97 crore

Shriram Automall India auctions over 7,900 pre-owned vehicles, assets

SAMIL Utsav is a one-of-its-kind phygital format auction, conducted by the platform every year on February 26, the company said in a statement

Sale pursuant to public auction can't be set aside unless fraud: SC

The Supreme Court said that a sale pursuant to the public auction cannot be set aside unless there is concrete material that there was any fraud or collusion

NFT Auction: Bat signed by 2011 World Cup winning team fetches $25,000

A bat signed by the 2011 World Cup winning Indian cricket team was sold for $25,000

Bidders ready with Rs 40,000-crore auction purse for IPL, ICC sports rights

The upbeat mood is reflective of the fact that the competition for these lucrative rights will be much fiercer than ever before

5G spectrum auctions slated to take place early next year: DoT secretary

Spectrum auctions for the 5G services are expected to be held early next year, a top official said Thursday. The Telecom Regulatory Authority of India (Trai) has floated a consultation paper for the spectrum price for the proposed auction that is expected to pave the way for 5G services. Telecom Secretary K Rajaraman during the workshop said 5G offers us a great opportunity and 5G spectrum auctions are slated to take place early next year, state-owned telecom research and development organisation C-DOT in a statement. "He exhorted C-DOT to take active leadership in the early implementation of 5G and 6G in collaboration with Indian companies, start-ups and academia," C-DoT said. The objective of the workshop was to bring various stakeholders, including the industry, R&D, academia, start-ups and MSMEs, on a common platform to deliberate upon the strengths and weaknesses in the indigenous manufacturing ecosystem and work out effective technologies in an expeditious manner. The ...

Frida Kahlo self-portrait sells for record $35 mn at auction in New York

A Frida Kahlo self-portrait that shows the artist with the face of her husband, Diego Rivera, in the middle of her forehead, sold at Sotheby's in New York on Tuesday for $34.9 million

Auction process for 40 new coal mines to begin next week: Govt

The government on Friday said it will begin next week the next round of auction process for 40 new blocks for the sale of coal