AUCTION

  • Telecom auction gets Rs 60,000 crore bids on first day Yesterday

    New Delhi: The biggest ever auction of 2G and 3G airwaves on Wednesday began on a high note with operators making bids worth an estimated Rs 60,000 crore after six rounds of bidding in all four bands. The bidding will resume tomorrow morning in the auction through which the government...
  • Lok Sabha passes Coal Mines Bill to replace Ordinance Yesterday

    New Delhi: Lok Sabha on Wednesday passed the Coal Mines bill to allow e-auction of coal blocks after the Supreme Court cancelled their allocation leading to uncertainty in the coal sector, amid opposition by Left and some other parties. The...
  • Spectrum auction begins; government eyeing over Rs 80,000 crore revenue 2 days ago

    New Delhi: The much awaited spectrum auction, wherein eight companies are bidding to acquire airwaves in four bands, started on Wednesday. The auction is the biggest ever sale of 2G and 3G airwaves which may fetch the government over Rs 82,000 crore. A total of 380.75 MHz of spectrum in three...
  • Spectrum auction for 4 bands to start on Wednesday 2 days ago

    New Delhi: Department of Telecom will start the biggest ever auction of 2G and 3G spectrum on Wednesday wherein 8 firms will bid to acquire radiowaves in four bands, which may fetch the government over Rs 82,000 crore. The government plans to sell 380.75 MHz of spectrum in three bands...
  • Finance Ministry proposes levy of tax on all government services 3 days ago

    New Delhi: The Finance Ministry on Monday proposed the levy of service tax on all services provided by the government and an enabling provision has been proposed in the Finance Bill in this regard. Although the list of services which will incur the service tax has not been decided, telecom and...
  • The first 'space selfie' from 1966 sells for around 6,000 pounds at auction 3 days ago

    London: The first 'selfie' taken in space by NASA astronaut Buzz Aldrin in 1966 has fetched almost 6,000 pounds - ten times its estimate - at an auction. The space selfie was part of a collection of 700 vintage NASA photographs that sold for a total of 489,440 pounds at London's...
  • Jan Dhan Yojana, transparent coal auction, Swachh Bharat major achievements of NDA government: Arun Jaitley 6 days ago

    New Delhi: While presenting the first full-fledged Union Budget of the Narendra Modi government, Finance Minister Arun Jaitley listed three major achievements of his government. Backing his Prime Minister's pet projects, Jaitley listed Jan Dhan Yojana and Swachh Bharat along with transparent auction of coal blocks as the major achievements. Under...
  • Cuttack court orders auction of chitfund companies' properties to pay investors February 25, 2015

    Cuttack: Giving a ray of hope to many poor investors in chit fund companies in Odisha, a lower court in an ex-parte ad-interim order directed Cuttack ADM to sale through public auction the attached properties of M/s Rose Valley Group of Companies and distribute the sale proceeds among the investors...
  • Coal auction to raise Rs1.47 lakh crore boost jobs: Vedanta Chief February 23, 2015

    New Delhi: Coal block auctions will fetch a whopping Rs 1.47 lakh crore and boost job creation, mining baron Anil Agarwal, who heads Vedanta Resources, said on Monday. "Coal auction will earn Rs 1.47 lakh crore and boost jobs: Mining...
  • Watch: 'The Week That Wasn't' with Cyrus Broacha February 21, 2015

    In this episode of 'The Week That Wasn't', Cyrus Broacha takes on Prime Minister Narendra Modi's suit action, Pakistani 'terror' boat new twist, India-Pakistan relationship, Velentine's day and Indian Premier League Auction 2015. ...
  • Shiv Sena defends PM Modi on auction of monogrammed suit February 21, 2015

    Mumbai: The Shiv Sena on Saturday came to the defence of Prime Minister Narendra Modi on the auction of his pinstripe monogrammed suit and said the two-piece ensemble was valued highly because of the person who wore it. "Instead of criticising, Congress can auction the wardrobe and footwear of Rahul Gandhi...
  • Rs 8.33 crore collected from 3-day auction of gifts received by PM Modi February 21, 2015

    Surat: The government has raised about Rs 8.33 crore from the three-day auction of the items gifted to Prime Minister Narendra Modi and the money will be used to finance the Clean Ganga Mission, official sources said. The administration has received 1,852 valid bids for the items, including Modi's monogrammed suit,...
  • Coal auction to yield nearly Rs 1 lakh crore to states February 20, 2015

    New Delhi: Respective states will get nearly Rs l lakh crore, including royalty, over the next 30 years from 16 coal blocks sold so far through the ongoing auction, a top government official said on Friday. Besides, reverse auction for the power sector will result in benefits to the tune of...
  • PM Narendra Modi's pinstriped monogrammed suit auctioned for Rs 4.31 crore February 20, 2015

    Surat: Bids for the auction for Prime Minister Narendra Modi's monogrammed pinstriped suit on Friday closed with a Surat-based Diamond merchant Lalji Bhai getting the possession of the outfit at a whopping Rs ​4.31 crore. "I will keep (Modi's) suit in factory to remember I paid (Rs 4.31 cr) for Ganga...
  • Bids fly thick and fast for Modi suit on last day of auction February 20, 2015

    Surat: There was a scramble to claim Prime Minister Narendra Modi's pinstripe monogrammed suit with bids going higher on the third and final day of the auction on Friday as two Surat-based businessmen made an offering of Rs 1.81 crore. Five fresh bids were received on Friday during the auction, with...
  • PM Modi's pinstriped monogrammed suit sold for Rs 4.31 crore February 20, 2015

    On day 3 of the auction of Prime Minister Narendra Modi's monogrammed pinstriped suit in Surat, the bidding stands at Rs 2.51 crore. The entire suit and pant had Narendra Damodardas Modi repeatedly embroidered into the fabric and is believed to be Rs 10 lakh. The proceeds will go towards...
  • Bullet News: Catch the day's top stories February 19, 2015

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay February 19, 2015

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Bank note goof-up; currency printed using defective security thread February 19, 2015

    In a major security breach that could embarrass the previous Congress-United Progressive Alliance government, an internal enquiry report has revealed that certain security features were allegedly compromised during the printing of Indian currency, and the lapses were kept under wraps by senior officials working under Ministry of Finance. The incident...
  • Day 2: Bhavnagar-based diamond trader bids Rs 1.40 crore for PM Modi's suit February 19, 2015

    New Delhi: The auction of Prime Minister Narendra Modi's bandgala monogrammed pinstripe suit began in Surat on Wednesday and will go on for three days. The highest closing offer on the second day came from a diamond trader and ship-breaking tycoon from Bhavnagar, K.K. Sharma, who is also the chairman...
  • CAG's stand vindicated on coal auction, says Nirmala Sitharaman February 19, 2015

    New Delhi: The ongoing auctioning of coal blocks has vindicated CAG's criticism of the way the natural resources was allocated by the previous government, Commerce and Industry Minister Nirmala Sitharaman said on Thursday. "Certainly the CAG's position has been vindicated but I am underlining the larger issue here...our position has...
  • PM Modi suit hogs limelight, T-shirts get the cold shoulder February 19, 2015

    Surat: Prime Minister Narendra Modi's pin-striped suit is hogging all the limelight at a Surat auction but the humble Cricket Australia T-shirt gifted to him by bowling great Brett Lee is getting the cold shoulder. While a diamond trader from Bhavnagar has offered a staggering Rs 1.41 crore for the navy...
  • Coal block auctions in India see aggressive bidding February 19, 2015

    New Delhi: Indian metal and cement companies have bid aggressively for coal blocks in the country's first auctions to sell mines as they look to cut imports and their dependence on inefficient government monopoly Coal India Ltd (COAL.NS). The auction follows a court cancellation of all previous licences and the initial...
  • Bhavnagar-based diamond trader bids Rs 1.40 crore for PM Modi's suit February 19, 2015

    The auction of Prime Minister Narendra Modi's bandgala monogrammed pinstripe suit has begun in Surat on Wednesday and will go on for three days. The proceeds will go to the Namami Gange trust also known as the Clean Ganga Fund. The entire suit and pant had Narendra Damodardas Modi repeatedly...
  • Day 2 of PM Modi's suit auction, bidding stands at Rs 1.2 crore February 19, 2015

    On day 2 of the auction of Prime Minister Narendra Modi's monogrammed pinstriped suit in Surat, the bidding stands at Rs 1.2 crore. The entire suit and pant had Narendra Damodardas Modi repeatedly embroidered into the fabric and is believed to be Rs 10 lakh. The proceeds will go towards...
  • Breaking Toons: Inside the 'Auction House' February 18, 2015

    As the auction of Prime Minister Narendra Modi's bandgala monogrammed pinstripe suit began in Surat on Wednesday and will go on for three days, Cartoonist Neelabh visits the 'Auction House' to check out the politician belongings to be auctioned. ...
  • Day 1: NRI Viral Choski bids Rs 1.1 crore for PM Modi's suit February 18, 2015

    New Delhi: The auction of Prime Minister Narendra Modi's bandgala monogrammed pinstripe suit began in Surat on Wednesday and will go on for three days. At the end of Day 1 of the auction, NRI Viral Choski bid's at Rs 1.1 crore for the Modi suit was the highest. Surat...
  • NRI Viral Choski bids Rs 1.1 crore for PM Modi's suit February 18, 2015

    The auction of Prime Minister Narendra Modi's bandgala monogrammed pinstripe suit has begun in Surat on Wednesday and will go on for three days. The proceeds will go to the Namami Gange trust also known as the Clean Ganga Fund. The entire suit and pant had Narendra Damodardas Modi repeatedly...
  • Modi's monogrammed pinstripe suit to be auctioned, money to be used for 'Clean Ganga Initiative' February 18, 2015

    Prime Minister Narendra Modi's famous monogrammed pinstripe suit is set to be auctioned in Surat on Wednesday. The auction will go on for three days and proceeds will go to the 'Clean Ganga Fund'. District Magistrate Rajendra Kumar said, "There are 361 items which will be on display. 455 gift...
  • PM Modi's bandgala controversial suit to be auctioned on Wednesday in Surat February 17, 2015

    New Delhi: Prime Minister Narendra Modi's bandgala monogrammed pinstripe suit will be auctioned in Surat on Wednesday. Auction will go on for three days and proceeds will go to the Namami Gange trust also known as the Clean Ganga Fund. An expensive suit embroidered with his name all over it, the...