Page 2 - Auction

Apple set to enter bidding war for English Premier League streaming rights

Tech giant Apple is preparing a bid for the rights to stream the English Premier League in the UK, the media reported

No change in NPV for Reliance Capital, 'number sacrosanct': Torrent

Company goes to NCLT after Hinduja group makes post-auction offer for bankrupt financial services firm

Bihar govt initiates auction process for iron ore mines worth Rs 20,000 cr

The Bihar government has initiated a process for auctioning of glauconite and iron ore reserves worth Rs 20,000 crore in Rohtas and Jamui districts and will engage SBI Capital Markets to prepare a report for the same, an official said on Saturday. The government held a meeting with several stakeholders recently to initiate the auction process, Additional Chief Secretary-cum-Mines Commissioner Harjot Kaur Bamhrah said. The state government will shortly issue an order for engaging SBI Capital Markets as the transaction advisor and also to suggest terms and conditions based on which the auctions would be conducted, Bamhrah told PTI. The state government has asked SBI CAPS, the investment bank and project advisor, to submit a detailed report, she said. Once the report is submitted, the state government will initiate the process of granting permission to allow mining of glauconite and iron ore reserves worth Rs 20,000 crore, in Rohtas and Jamui districts on a lease basis, the mines ...

MSTC to auction 132 coal blocks; suggests bidders to read all notifications

Auction of as many as 132 coal mines will be conducted this month under the sixth tranche in states including Odisha, Jharkhand, Chhattisgarh, West Bengal among others, according to MSTC CMD Surinder Kumar Gupta. MSTC, under the Ministry of Steel, conducts e-auction of various materials and minerals and mines. This will be the sixth tranche of auction under which a total of 141 blocks, including 132 coal and nine lignite mines will be put on the block, he told PTI. The CMD clarified that MSTC only conducts auctions as per the list of coal mines and relevant notifications provided by the Coal Ministry and suggested bidders to read all bid-related notifications. "MSTC is in no way involved in any policy making process... As provided by the Coal Ministry...a National Green Tribunal (NGT) order dated 27.2.2020... has been uploaded in the auction portal. All the bidders are suggested to check all the notifications uploaded in our portal including the NGT order," he said. There are 133

Lenders begin voting to hold second auction for Reliance Capital assets

The voting was held after the National Company Law Tribunal did not stay the second auction after a petition made by Torrent

Lenders may hold another round of auction for cash-strapped RCap

Lenders meet on Monday to vote on the proposal

NARCL emerges as the top bidder for SREI twins with an NPV of Rs 5,555 cr

Submits highest net present value bid of Rs 5,555 cr; process may complete by early FY24

NARCL emerges as the highest bidder for SREI with NPV of Rs 5,555 cr

In the final lap, there were just two bidders in the fray - NARCL, and Authum with an NPV of Rs 5,526 crore

Hinduja sweetens offer for RCap to counter Torrent group's winning bid

CoC decide whether Hinduja offer is legally valid or not as e-auction has ended

IPL Auction 2023: Slots to fill, purse remaining of each team before D-Day

Here's a look at how much money is remaining with which franchise in their purses and which players will they be looking out for in the February 23 Auction in Kochi.

CoC raises base price of Reliance Capital auction to Rs 6,500 crore

Auction to be held on two days, starting December 22

Ben Stokes, Cameron Green headline IPL's 405-strong mini-auction list

World's premier all-rounders Ben Stokes of England and Cameron Green of Australia are set to enjoy bidding frenzy as 405 players will go under the hammer for 87 slots at the IPL mini-auction on December 23 in Kochi. England's Test captain Stokes and the rising Aussie sensation Green are in the highest base price bracket of Rs 2 crore while former England Test captain Joe Root has also put his name up at Rs 1 crore. "Out of 405 players, 273 are Indians and 132 are overseas players of which 4 players are from associate nations. The total capped players are 119, uncapped players are 282 and 4 from associate nations. A maximum of 87 slots are now available with up to 30 being slotted for overseas players," BCCI secretary Jay Shah was quoted as saying in a media release. While Kolkata Knight Riders has the lowest purse available at Rs 7.2 crore, Sunrisers Hyderabad, with Rs 42.25 crore and 13 spots available, are expected to go on a buying spree after a poor last season. Another ...

All ministries, departments to scrap 15-year-old vehicles: FinMin

The finance ministry has directed all ministries and departments to scrap all 15-year-old vehicles that have become unserviceable. The Department of Expenditure, under the finance ministry, in an office memorandum said the existing provisions of condemnation of vehicles have been reconsidered in consultation with Niti Aayog and the road transport ministry considering the broad objectives of the government to reduce pollution and improve passenger safety and fuel efficiency. "It has been decided that henceforth all the condemned vehicles (including prematurely condemned vehicles) belonging to ministries/departments of government of India, shall only be scrapped," it said in an office memorandum. Scrapping of such vehicles shall only be at registered vehicle scrapping facilities, it said, adding that vehicles which have been condemned or reached 15 years of age, will not be auctioned. The detailed procedure for scrapping of all such vehicles shall be separately notified by the road .

RCap assets' e-auction to kick off on Dec 19; base bid at Rs 5,300 crore

This is the first time that an e-auction of this scale would take place for a debt resolution under the Insolvency and Bankruptcy Code, 2016

Sebi to auction properties of 4 firms on Jan 10 to recover investors' money

Markets regulator Sebi on Wednesday said it will auction the properties of four companies, including Infinity Realcon and Sumangal Industries, on January 10 to recover money that was illegally raised by them from investors. Other two firms, whose properties will go under the hammer are GSHP Realtech Ltd and Infocare Infra Ltd, the Securities and Exchange Board of India (Sebi) said in a notice. A total of 25 properties of the four companies will be auctioned at a reserve price totalling Rs 12.2 crore, it noted. Of these properties, 16 belongs to Infinity Realcon, five relates to Sumangal Industries and two each to GSHP Realtech and Infocare Infra. These properties include land parcels, plots, single storied buildings and a flat located in West Bengal. Inviting bids for the sale of properties in the recovery proceedings against the four firms and their promoters or directors, Sebi said the auction will be conducted online on January 10 next year from 10.30 am to 12.30 pm. eProcurem

M3M expects Rs 5,000 cr in sales through 13-acre land acquired in Noida

Real estate firm will invest Rs 2,400 cr in mix-use project of housing, retail and service apartments

Old sandals worn by Apple co-founder Steve Jobs auctioned for nearly $220K

The California house where Steve Jobs co-founded Apple is a historical site, and now the sandals he wore while pacing its floors have been sold for nearly USD 220,000, according to an auction house. The "well used" brown suede Birkenstocks dating to the mid-1970s set a record for the highest price ever paid for a pair of sandals, Julien's Auctions said Sunday. "The cork and jute footbed retains the imprint of Steve Jobs' feet, which had been shaped after years of use," the auction house said in the listing on its website. The sandals were expected to bring USD 60,000, but the final sale price with an accompanying NFT was USD 218,750, Julien's said. The buyer was not named. Jobs and Steve Wozniak co-founded Apple in 1976 at Jobs' parents' house in Los Altos, California. In 2013, the property was named a historic landmark by the Los Altos Historical Commission. Jobs died in 2011 from complications of pancreatic cancer.

Godrej Properties highest bidder for Noida land parcels with Rs 377-cr bid

Realty firm Godrej Properties Ltd on Saturday said it has been declared as the highest bidder for two adjacent land parcels in Noida with a bid of Rs 377 crore. The company said in a regulatory filing that it has been declared as highest bidder as per the e-tendering portal of SBI, which facilitated the e-auction on behalf of Noida Authority. The company will develop residential group housing on the adjacent land parcels located in Sector 146, Noida. Spread over 12.4 acres, the land parcels will offer about 3.2 million square feet of development potential. Mohit Malhotra, MD and CEO, Godrej Properties, said, "We have witnessed strong demand for our existing projects in Noida and these projects will further strengthen our development portfolio in NCR (National Capital Region). This fits well with our strategy of deepening our presence in key micro markets across India's leading cities." Godrej Properties is one of the leading real estate developers in the country.

India's bad bank NARCL offers Rs 228 cr for Mittal Corp debt held by PSBs

The NARCL will have the right to match any counteroffers, as the lenders have put the debt on the block

Yes Bank approves sale of Rs 48,000 cr stressed loans to JC Flowers ARC

Former RBI Deputy Governor R Gandhi appointed as Yes Bank's non-executive chairman