AUCTIONS

  • Telecom spectrum auction ends, government raises record Rs 1.10 trillion 6 days ago

    New Delhi: Government raised a record Rs 109,874.91 crore in the country's biggest and the fiercest auction of telecom spectrum that ended on Wednesday, triggering fears of hike in call and data rates. Incumbents Airtel, Idea and Vodafone bid aggressively to protect their businesses as new players like Reliance Jio...
  • Spectrum auction ends with bids about Rs 1.10 lakh crore 6 days ago

    New Delhi: India's biggest telecom spectrum auction ended on Wednesday after 19 days of fierce bidding that fetched about Rs 1.10 lakh crore to the government. "The auction has concluded," an official source said. The auction for airwaves in four bands ended after 115 rounds of bidding, a source said. The...
  • Delhi's iconic Taj Mansingh to go under hammer today 1 week ago

    New Delhi: The iconic Taj Mansingh Hotel in the heart of the national capital will go under the hammer on Wednesday with New Delhi Municipal Council (NDMC) initiating proceedings after getting a go-ahead from the Union Home Ministry for its auctioning. The property, owned by the NDMC, was given to Tata-backed...
  • Regional parties to face workers ire over Coal Bill: Worker Union March 21, 2015

    New Delhi: A workers' union on Saturday said regional parties in coal producing states will have to "bear the brunt of coal workers and public for supporting" the Coal Bill, which has been passed by Parliament. The Coal Mines (Special Provisions) Bill, 2015 which forms part of NDA government's reforms agenda,...
  • Spectrum auction kitty rises to Rs 1.07 lakh crore March 21, 2015

    New Delhi: The government's telecom spectrum auction kitty on Saturday rose to Rs 1.07 lakh crore with provisional allocation of 88 per cent airwaves at the end of day 16. The amount of bids received on Friday stood at Rs 1.05 lakh crore while it was Rs 1.09 lakh crore on...
  • CAG was 'very kind' in assessing losses of coal blocks allocations: Jaitley March 19, 2015

    New Delhi: The Comptroller and Auditor General was "very kind" when it put losses incurred due to coal blocks allocation between 2006 and 2010 at Rs 1.86 lakh crore, Finance Minister Arun Jaitley said on Thursday night while highlighting that auction being undertaken by the present government had reaped much...
  • Telecom auction gets Rs 1 lakh crore bids on day 13 March 18, 2015

    New Delhi: The government received commitments of Rs.108,000 crore from telecom operators at the end of bidding on Wednesday, the 13th day of radio frequency spectrum e-auctions. "The bidding is taking place in all bands. Brisk bidding was seen on 13th day of bidding, with activity requirement set at 100 percent....
  • Mobile operators stare at costly victory as spectrum auction sale ends March 18, 2015

    Mumbai: Cellphone operators are snatching up precious bandwidth in the latest telecom auction, paying top dollar for spectrum to roll out high-speed coverage across India. The fear among investors is that the companies' balance sheets may now be under pressure. The government had raised a record Rs 1,07,000 crores ($17.07...
  • Day 12: Spectrum auction bids reach Rs 1,07,000 crore March 18, 2015

    New Delhi: The government's spectrum auction kitty on Tuesday rose to Rs 1,07,000 crore at the end of 12th day of the biggest sale of 2G and 3G airwaves. As per the Department of Telecom (DoT), about 88 per cent spectrum has been provisionally allocated to telecom firms at the...
  • Delhi's iconic Taj Mansingh Hotel to go under the hammer March 17, 2015

    New Delhi: The iconic Taj Mansingh Hotel in the heart of the national capital will go under the hammer soon with New Delhi Municipal Council (NDMC) initiating proceedings after getting a go-ahead from the Union Home Ministry for its auctioning. The property, owned by the NDMC, was given to Tata-backed Indian...
  • Spectrum auction bids reach Rs 1,03,046 crore at the end of day 11 March 16, 2015

    New Delhi: Government's spectrum auction kitty on Monday rose marginally to Rs 1,03,046 crore at the end of 11th day of the biggest sale of 2G and 3G airwaves. There was no bidding activity for 2100 MHz, used for offering 3G services, today. As per the Department of Telecom (DoT), over 87...
  • Telecom spectrum auction bids cross Rs 1 lakh crore-mark March 13, 2015

    New Delhi: The government had received commitments totalling more than Rs 100,000 crore from telecom operators as the eighth day of bidding in e-auctions of radio frequency spectrum concluded on Thursday, an official said. The total commitments from the 49 rounds so far after eight days of aggressive bidding totalled Rs...
  • SBI aims to cut bad debt with huge online property auction March 12, 2015

    Mumbai: India's largest bank, the State Bank of India (SBI), will hold a record online auction this weekend to sell repossessed flats, warehouses and offices worth a total of nearly $200 million as the state lender seeks to chip away at its $10 billion mountain of bad debt. The SBI auction...
  • Tipu Sultan's arms and armour to be auctioned in London March 12, 2015

    London: A spectacular collection of arms and armour once owned by Tipu Sultan, the erstwhile King of Mysore, will go under the hammer in London next month. The items will be sold by Bonhams as part of the Islamic and Indian art auction at Bonhams New Bond Street on April...
  • Auction bonanza for Centre: Arun Jaitley says 32 mines alone have fetched Rs 2 lakh crores March 10, 2015

    Reacting to the auction of coal mines and telecom spectrum which have generated more than 3 lakh crores, Finance Minister Arun Jaitley on Tuesday during the Rajya Sabha session said, "Vinod Rai said that total loss is Rs 1,86,000 from 200 mines. 32 mines alone have fetched Rs 2 lakh...
  • Coal auction proceeds to cross Rs 2 lakh crore: Coal Secretary March 9, 2015

    New Delhi: Proceeds from the ongoing coal block auctions are likely to cross Rs 2 lakh crore, surpassing CAG's estimate of Rs 1.86 lakh crore loss on account of the allocation of blocks without auction during the UPA regime. "Likely proceeds from coal block auctions (may) cross Rs 2 lakh crore....
  • SBI to snap up four posh Air India flats in Mumbai for Rs 90 crore March 8, 2015

    New Delhi: Cash-starved national carrier Air India is set to seal a real estate deal with State Bank of India, which has "in principle" agreed to acquire four of its posh residential properties in south Mumbai for Rs 90 crore. The airline had been scouting for a buyer for its four...
  • Spectrum auction garners bids worth Rs 86,000 crore on day 4 March 8, 2015

    New Delhi: Government has got commitments of Rs 86,000 crore from telecom players at the end of fourth day of spectrum auction -- crossing the targetted minimum amount of Rs 82,000 crore from the ongoing sale of 2G and 3G airwaves. The auction will resume on Monday morning as there is...
  • Odisha CM Naveen asks BJD MPs to play role of opposition in Parliament March 7, 2015

    Bhubaneswar: Two days after accusing BJP-led NDA Government at the Centre of discriminating against Odisha, Chief Minister Naveen Patnaik on Saturday asked BJD MPs to play the role of opposition in both the Houses of Parliament and safeguard interest of the state. "We had a detailed discussion on different issues. The...
  • Marilyn Monroe's final photo-shoot images to be auctioned March 7, 2015

    London: Hollywood icon Marilyn Monroe's final photo-shoot snaps are set to go under hammer in Texas next week. Prints of photos taken by Bert Stern for Vogue are available to bid on in the auction by Heritage Auctions Texas, which opens on March 10, reported the Daily Telegraph. Stern, who died in...
  • Spectrum auction garners bids worth Rs 77,000 crore at the end of third day March 7, 2015

    New Delhi: Government has garnered bids worth around Rs 77,000 crore at the end of three days of spectrum auction as telecom operators continued to bid aggressively. "The bidding has taken place in all bands. At present, a value of approximately Rs 77,000 crore has been committed by bidders in respect...
  • Telecom auction gets Rs 60,000 crore bids on first day March 4, 2015

    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 March 4, 2015

    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 March 4, 2015

    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 March 3, 2015

    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 March 2, 2015

    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 March 2, 2015

    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 February 28, 2015

    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...