Schaumburg, Illinois: When is a penny worth $1.15 million? When it is a rare experimental penny minted in 1792. The unusual coin was auctioned off on Thursday at the Renaissance Schaumburg Convention Center in suburban Chicago. Officials with Heritage Auctions say Kevin Lipton of Beverly Hills, California, bought the penny on behalf of a group of unnamed investors. The winning bid was $1 million, but the investors also must pay...
04:02 AM, Apr 21, 2012
An auction of Mahatma Gandhi's memorabilia in London has been drawing criticism from social circles in India. The items went on sale on Tuesday and ...
12:45 PM, Apr 19, 2012
A pinch of soil and blood-stained blades of grass from the place where Mahatma Gandhi was assassinated in 1948 sold for 10,000 pounds at an auction in London on Tuesday. ...
11:58 PM, Apr 18, 2012
New Delhi: Gandhian writer Giriraj Kishore has said that he will return his Padma Shri to the government to protest Gandhi item auction. This came a day after a pinch of soil and blood-stained blades of grass from the place where Mahatma Gandhi was assassinated in 1948 sold for 10,000 pounds at an auction in London on Tuesday that also saw many other Gandhi memorabilia going under the hammer including...
10:55 PM, Apr 18, 2012
Tonight at 10pm CNN-IBN's Deputy Editor Sagarika Ghose will discuss the issue withe special panel of experts.
12:36 PM, Apr 18, 2012
The Mahatama's famous round steel-rimmed glasses fetched 34 thousand pounds, while a Charkha used by him was sold for 26 thousand pounds. ...
09:46 AM, Apr 18, 2012
London: A pinch of soil and blood-stained blades of grass from the place where Mahatma Gandhi was assassinated in 1948 sold for 10,000 pounds at an auction in London on Tuesday that also saw many other Gandhi memorabilia going under the hammer including his iconic round-rimmed glasses that fetched more than twice the estimated price. While the glasses sold for 34,000 pounds, the 'charkha' or the spinning wheel realised 26,000...
10:30 PM, Apr 17, 2012
New Delhi: Rare memorabilia belonging to Mahatma Gandhi will be on auction in the UK on Tuesday. The items to auctioned include blood stained grass picked up from Mahatma Gandhi's assassination site, his famous round steel-rimmed glasses and a few signed letters and a prayer book. The items are expected to fetch between 10,000 to 15,000. However, several Gandhians including anti-corruption crusader Anna Hazare are upset over the the auction...
10:17 AM, Apr 17, 2012
New Delhi: Mahatma Gandhi's descendants have expressed regret over the forthcoming auction of a "clump of soil with drops of the Mahatma's blood collected from the site of his assassination" by the British auction house Mullock's. "The auctioning of the clump of soil with a few claimed drops of Mahatma Gandhi's blood sounds reprehensible, morbid. But if the ownership of the other objects like the glasses, letters and a spinning...
11:04 AM, Apr 04, 2012
London: Grass with a drop of Mahatma Gandhi's blood and soil from the place where he was assassinated in 1948 in New Delhi are among rare items to be put up for auction in the UK on April 17. Other items include a pair of Gandhi's round-rimmed glasses, 'charkha', a 10 inch 78rpm Columbia disc of Gandhi giving his spiritual message signed by him, and original photographs of Gandhi visiting...
07:31 AM, Apr 03, 2012
New Delhi: As the Government weighs options to deal with Supreme Court ruling on auctioning natural resources, the BJP on Monday demanded a thorough debate in Parliament on the issue to ensure a transparent policy in the backdrop of controversies that have hit 2G spectrum and coal block allotments. Leader of the Opposition in Rajya Sabha Arun Jaitley referred to the Supreme Court's February 2 order while initiating a debate...
07:30 PM, Mar 26, 2012
London: More than 48 years after his assassination, former US President John F Kennedy's honeymoon pad -- a stunning mansion in Los Angeles -- has been put up for sale for a whopping 60 million pounds, a report said. Apart from playing host to newlywed President Kennedy and his wife Jacqueline in 1953, the 29-bedroom property, nestled in the middle of the world famous 90210 postcode, was used for a...
02:43 PM, Mar 26, 2012
New Delhi: Amid controversies related to coal block allocations and sale of government's stake in ONGC through auction route, Chief Economic Advisor Kaushik Basu on Friday said India is new to the art of auction and efforts are needed to improve the process. "India is new to this art of auction. So yes we will be learning. We will be improving on it and I am sure what we have...
05:35 AM, Mar 24, 2012
New Delhi: There seems to be no end to the woes of the Congress-led United Progressive Alliance (UPA) Government. Ever since the alliance stormed back to power in the 2009 Lok Sabha elections its tenure has been marked with allegations of corruption and the Opposition has been claiming that the second term of the Manmohan Singh regime is the most corrupt in the history of India. Even as the UPA...
11:38 AM, Mar 22, 2012
New Delhi: The Comptroller and Auditor General is back to give the Centre nightmares. A CAG report says the government lost Rs 10.67 lakh crore by not auctioning coal blocks between 2004 and 2009. According to a report in 'The Times of India', 155 coal blocks were given to commercial entities without auction between 2004 and 2009. The estimated loss is six times higher than the presumptive loss figure of...
09:09 AM, Mar 22, 2012
New Delhi: Telecom regulator TRAI is likely to come up with recommendation on spectrum auction by mid of April, Chairman JS Sarma said Wednesday. "It should be out in the fortnight of April," Sarma told reporters on sidelines of Convergence India 2012 in response to expected timeline for recommendation on spectrum auction. The recommendation is expected to give guidance on key issues like base price of spectrum, amount of spectrum...
06:45 PM, Mar 21, 2012
New Delhi: The Department of Telecommunications plans to start auction of 2G spectrum by December 20 and allocate spectrum to players in March next year. "We will need time at least till December 20 to start auction of spectrum. There are various processes before it and will have to stick to strict deadline to meet this date," a senior Telecom Ministry official told. The official added that to start the...
08:29 PM, Mar 12, 2012
New Delhi: Ratings agency Moody's on Monday said the result of the Government stake auction in ONGC has tarnished the image of the oil major. On March 1 the Government had auctioned 5 per cent of its stake in ONGC. "The result of the ONGC auction highlights how the Government's own weak finances and policies tarnish the perceived value of the companies it owns," Moody's said in a statement. Although...
08:47 PM, Mar 05, 2012
Famous sportspersons donate their belongings for auctions to help needy children. ...
08:33 PM, Mar 03, 2012
New Delhi: The whole ONGC auction confusion has taken its toll on the government's disinvestment plan as this was being seen a test case for more such deals. As a result the divestment of Oil India and heavy engineering goods firm BHEL have been put on hold. Heavy Industries and Power Enterprises Minister Praful Patel had earlier said that it would happen during the next fiscal. The government is looking...
07:55 AM, Mar 02, 2012
