Page 2 - Auction

RBI to buy back government bonds worth Rs 40,000 crore on Thursday

Bond market participants said that the auction is expected to witness tepid demand as banks might refuse to sell bonds at a loss

Telecom spectrum auction for 8 bands starts from May 20, says DoT

10,523 MHz up for sale, reserve price of spectrum is Rs 96,317 cr

Raj govt expects to attract investment with e-auction of iron ore blocks

Rajasthan is one of the richest states in terms of availability and variety of minerals in the country, producing over 57 different minerals

RBI conducts two VRRR auctions as money market rates fall below repo rate

The RBI received Rs 20,860 crore bids against the notified amount of Rs 50,000 crore at the first auction

Torrent Power, Lanco lowest bidders in natural gas-fired power auction

India relies on coal to generate about three-quarters of its electricity, and power generated from coal is typically much cheaper than that generated by gas-fired plants

RBI conducts two VRRR auctions again to balance liquidity within system

Market participants are attempting to address the uneven liquidity and absorb the excess liquidity resulting from government spending, stated a dealer at a primary dealership

Borrowing cost of states falls to 18-month low at 7.48% at latest auction

The borrowing cost of states declined to an 18-month low at 7.48 percent at the latest auction held on Tuesday. Since the first auction of the fourth quarter held on January 2, the average cut off of state government bond auctions was sniffing at a shade less than 7.8 per cent, which was a two-year high. At the latest auction held on Tuesday, 14 states raised Rs 26,700 crore which was 22 per cent lower than the indicated Rs 34,400 crore for this week in the fourth quarter auction calendar, according to data shared by rating agency Icra. The lower supply was partly on account of the upward revision in tax devolution in the revised estimates for FY24 by the Centre in the interim Budget. This may reduce the borrowing requirements of some of the states in the remainder of the fourth quarter of this fiscal. Reflecting the lower-than-indicated borrowing on Tuesday, the spread between the cut-off of the 10-year state debt and the 10-year G-Sec yield eased to 41 basis points from 49 basis

Centre begins re-auction for 10 GWh tranche of ACC battery PLI scheme

Bidding process will be held online through a transparent two-stage process

Sebi to auction 30 properties of 6 companies to recover money on Feb 13

Sebi on Thursday said it will auction 30 properties of six companies, including Mangalam Agro Products, on February 13 to recover money illegally collected from the investors. The properties will be auctioned for a reserve price of nearly Rs 30 crore. The other companies whose properties will also be auctioned are Bishal group of companies, Purusattam Infotech Industries, NVD Solar Ltd, Sun Plant Business and Jivan Sathi Dream Projects. The properties that go under the hammer include land parcels, plots, land with building structures and flats in West Bengal and Odisha, and they will be auctioned at a reserve price of Rs 29.97 crore, according to a notice issued by Securities and Exchange Board of India (Sebi). The markets regulator invited bids for sale of properties in the recovery proceedings against Mangalam Agro Products, Purusattam Infotech Industries, Jivan Sathi Dream Projects, Sun Plant Business, Bishal group and NVD Solar, along with their promoters/ directors, it said.

Puducherry govt to raise Rs 200 crore through auction of dated securities

The Puducherry government has offered to sell 12-year dated securities to the public in the form of stocks by auction for an aggregate amount of Rs 200 crore, a release from the Commissioner-cum-Secretary to Finance of Puducherry administration Ashish Madhaorao More said. The auction would be conducted by the Reserve Bank of India's Mumbai office (Fort) on January 9. Securities will be issued for a minimum nominal amount of Rs 10,000 and in multiples of Rs 10,000 thereafter. Interested persons, firms, companies, corporate bodies, institutions, Provident Funds, trusts, regional rural banks and cooperative banks may submit a single consolidated non-competitive bid on behalf of all its constituents in electronic format on the Reserve Bank of India Core banking solution (E-Kuber), available on the website www.rbi.org.in on January 9 between 10.30 am and 11 am, the release said. The result of the auction will be displayed by RBI Mumbai (Fort) on January 9 on the website. Successful ..

12 states raise Rs. 20,759 crore through auction, Tamil Nadu tops list

Tamil Nadu secured Rs 6,000 crore through two papers - Rs 3,000 crore through a 10-year paper with a cut-off yield of 7.66%, and Rs 3,000 crore through a 30-year paper with a cut-off yield of 7.56%

IPL 2024 auction: Who will host the bidding process in Dubai; check here

Mallika Sgara will be the first female auctioneer of the IPL in its 16-year-old history. She would replace Hugh Edmeads for the post

165 cricket players to go under hammer in WPL auction on December 9

As many as 165 players will go under the hammer during the player auction for the second edition of the Women's Premier League scheduled to be held here on December 9. The second edition of the WPL could take place in February-March next year. "Out of 165 players, 104 are Indians and 61 are overseas cricketers of which 15 are from associate nations. The total capped players are 56, uncapped players are 109," BCCI said in a release on Saturday. "A maximum of 30 slots are available with the five teams, with 9 spots for overseas players." West Indian all-rounder Deandra Dottin, who was initially bought for Rs 60 lakh by Gujarat Giants before being controversially excluded on medical grounds, and Australian fast bowler Kim Garth chose to be in the top bracket with the highest reserve price of Rs 50 lakh. Interestingly, it was the 27-year-old Garth who had replaced Dottin in the Gujarat Giants squad, who later released the Aussie in the off season. Aussie all-rounders Annabel Sutherla

Akali Dal 'saddened' over auction of Golden Temple model gifted to PM Modi

The proceeds of the auction will go to the government's 'Namami Gange' initiative, a project aimed at rejuvenating the river Ganga

E-auction of PM mementos: Ram Darbar statue, Jerusalem souvenir among items

A statue of Ram Darbar, a model of Golden Temple of Amritsar, Kamdhenu and the souvenir of Jerusalem are among the popular items in the latest round of e-auction of gifts and mementos given to Prime Minister Narendra Modi, Union minister Meenakashi Lekhi said on Monday. The e-auction that began on October 2 will end on October 31. Minister of State for Culture Lekhi interacted with media at the National Gallery of Modern Art (NGMA) here and shared about the cultural significance of the items under the e-auction, and urged people to come forward and take part in it. The minister emphasised that the statue of Ram Darbar, a model of Golden Temple of Amritsar, Kamdhenu and the souvenir of Jerusalem, are among the popular items in this auction and attracting a lot of bidders. A statue of Lord Laxmi Narayan Vitthal and goddess Rukmini, the Aranmula Kannadi, a brass statue of Lord Rama, Sita, Laxman, and Lord Hanuman, are also among popular items, according to the Culture Ministry. Repli

Google changed ad auction formula in 2017, raising prices 15%, says witness

Google's advertising auctions require the winner to pay only a penny more than the runner-up

Govt to start critical minerals auction in few weeks, says official

It is also set to notify draft rules for exploration licences for the resources

FCI sells 189,000 tonne wheat, 5,000 tonne rice in 15th weekly e-auction

State-owned Food Corporation of India (FCI) sold 1.89 lakh tonne of wheat and only 5,000 tonne of rice to bulk consumers like flour millers in the 15th weekly e-auction held on Wednesday. Wheat and rice are being sold under the Open Market Sale Scheme (OMSS) to bulk users to improve the domestic availability and cool down retail prices. According to the food ministry, about 1.89 lakh tonne of wheat was sold in the weekly e-auction held on October 4 against 2.01 lakh tonne offered. However, FCI continued to get lukewarm response for weekly e-auction of rice under OMSS with traders purchasing just 5,000 tonne of grains against 4.87 lakh tonne offered. Wheat and rice were sold to 2,255 bidders during the e-auction. Around 2,447 empanelled buyers participated for both wheat and rice, the ministry said in a statement. The weighted average selling price was Rs 2,185.05 per quintal for fair and average quality (FAQ) wheat against the reserve price of Rs 2,150 per quintal, while the weigh

Tea Board to revert to the old English auction system across India

The Tea Board of India has written to registered auction organisers across the country, producers associations and buyers associations that it has been decided to revert to the old English auction system for which it has issued necessary timelines. The letter issued on Monday said that it has been decided to introduce the practices of the erstwhile English auction system under the ambit of the Bharat auction model. Earlier, the Bharat auction system was introduced in North India in April 2023, while the same was already in force in South India much before. The letter said that the Tea Board had already held consultations with NSEIT Limited regarding the re-introduction of the features of the English auction system in the newly configured software. While the Tea Board had earlier suggested dropping of sale numbers 39 and 40 in all the auction centres across India, the statutory body revoked the decision after producers' bodies said the tea companies would suffer financially if these

Sebi to auction property of Saradha Group's property on October 17

Market regulator Sebi has said it will auction the property of the Saradha Group of companies next month at a reserve price of over Rs 3 crore to recover money raised by the firm from the public through illicit schemes. The property located in West Bengal will go under the hammer, the Securities and Exchange Board of India (Sebi) said in a notice dated September 15. The regulator said the e-auction will be conducted between 11 am and 1 pm on October 17. The reserve price of the property is pegged at Rs 3.68 crore. Sebi has engaged Quikr Realty to assist it in the sale of the property and appointed C1 India as the e-auction provider. The development came after the Calcutta High Court passed an order in June 2022, whereby it directed the regulator to proceed with the auction of properties of the Saradha Group of Companies. Saradha Group, a consortium of over 239 private companies, allegedly ran chit-fund operations in West Bengal, Assam and Odisha, and raised around Rs 4,000 crore f