Page 4 - Auction

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

At e-auction of PM's mementos, Olympians, paralympians' gear grab eyeballs

Badminton rackets used by the Paralympic gold medallist, the javelin which brought India its first gold in the Olympics are among PM Modi's mementos which are drawing the highest bids

Notice inviting tender for auctioning 27 mineral blocks issued by 4 states

Notice Inviting Tender (NIT) for sale of 27 mineral blocks have been issued by four states, including Jharkhand and Odisha, Parliament was informed on Monday.

DDA extends last date for payment of balance bid premium for e-auctions

DDA has extended the last date for submitting balance 75 per cent bid premium to July 31, for successful bidders in e-auction, officials said.

These lesser-known firms set to make a mark in India's oil and gas sector

Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during DSF-1 auctions

Ahead of Rs 10K-cr G-Sap, states see debt cost falling 20 bps to 6.75%

The weighted average cost of borrowing for the states has fallen by 20 bps over the past week to 6.75 per cent at the latest auctions.

Coal India amends policy, allows export of fuel bought via e-auction

Company execs say move would increase volume of trade on CIL's e-auction platform

E-trading, e-auction platforms for farm produce gaining traction

The new farm laws will give further fillip to alternative trading options outside of mandis

NBFCs auction record volume of pawned gold, warn of crisis for banks in Q2

Gold loan-focused non-banks like Manappuram Finance have auctioned a record 1 tonne, worth Rs 404 crore, of the pawned gold in the last quarter of 2020-21

Christie's to sell Isaac Newton's handwritten notes for greatest work

Handwritten notes that show one of history's greatest scientific minds in action are going up for auction in London

Pre-war cars sell for roaring numbers at 2021's first major auction

Together the two auction houses that sold during the annual car show off the coast of Florida amassed sales of $61.3 million

Handwritten example of famous Albert Einstein equation gets $1.2M

A letter written by Albert Einstein in which he writes out his famous E = mc2 equation has sold at auction for more than $1.2 million, about three times more than it was expected to get

Rail Land Development Authority puts seven land parcels on auction

Among the properties currently on offer is the Boulevard Road land parcel in a posh Delhi locality that has a reserve price of Rs 393 crore

Wasted spectrum

Telecom auction fails price discovery test

Teams will make sure it's a transparent auction: U Mumba's Ronnie Screwvala

The tender document has been divided into four divisions. You can bid for one of the parts or the total package

Shriram Automall to foray into Rs 50,000 cr forward auction industry

After going through extensive tests for nearly three years, SAMIL has become the first private company in India to have its auction portal certified by the prestigious STQC directorate

Sebi to auction properties of Sunheaven Agro on January 18

Markets regulator Sebi will auction properties of Sunheaven Agro India Ltd on January 18 at a reserve price of Rs 9.4 crore