Auctions

So far, a total of 18 blocks have been bid for, where Shree Cement, Dalmia Cement, JSW Steel, Ambuja Cement, JSW Cement, and Jindal Power, among others, were the winning bidders

King Charles’ artwork fetches nearly 10 times the estimated price, stuns auctioneers

The painting of Balmoral Castle, where Queen Elizabeth died in September, has "new resonance in the world", experts said.

Rare pink diamond sells for record $58 million at Hong Kong auction

The 11.15-carat Williamson Pink Star on Friday fetched HK$453.2 million ($57.7 million), the second-highest price paid at auction for any jewel.

This rare Mercedes-Benz is the most expensive car to ever be sold

The auction of the Mercedes-Benz 300 SLR Uhlenhaut Coupé took place in Stuttgart in Germany on May 5. The winning bid of $143 million was made by a private collector.

Andy Warhol's iconic Marilyn Monroe portrait fetches record $195 million at auction

The portrait is the most expensive 20th century artwork ever sold at public auction.

The Louvre’s Art Sleuth Is on the Hunt for Looted Paintings

The Louvre's March 2021 catalogue has a separate category for over 1,700 stolen artworks returned to France after World War II that the museum still holds because no rightful owners have come forward.

Coal ministry offers 67 more blocks under new set of commercial auctions

Out of these, 37 are fully explored, meaning it could be brought to production immediately, and 30 partially. During the first round of auctions held last year, 19 mines received successful bids, out of the 38 on offer.

Govt to borrow Rs 3.72 lakh crore in April-September period

The government will borrow Rs 3.72 lakh crore or 64 percent or total annual gross borrowing during April-September in 2017-18.

Mallya jet: Service Tax Dept weighs another round of auction

In its bid to recover around Rs 535 crore dues from Mallya, the Service Tax Department had conducted the e-auction of his personal plane for the third time on November 28-29. It has already conducted two such auctions in June and August respectively, but to no avail.

Vodafone focusing on retaining customers to fight competition

The company CEO Vittorio Colao has asked its employees to work towards retaining the existing and adding more customers in order to deal with competition.

Quality of service will improve further, says telecom minister

After the conclusion of the largest ever spectrum auctions, Rs 32,000 crore is what the government is getting as the upfront money.

Tata Tele to shell out Rs 4,619 cr for spectrum

"Tata Teleservices (Maharashtra) Ltd (TTML) has succeeded in winning 5MHz spectrum in 1800 MHz band each in Mumbai and Maharashtra service areas with bid values of Rs 2,446 crore and Rs 1,590 crore, respectively," TTML said in a filing to the BSE.

Spectrum auction to start Oct 1; govt aiming for Rs 1.5 lakh cr

The auctions will actually begin on this Saturday, October 1 with seven telecom operators participating.

Govt may garner Rs 5k cr from Phase 3 of FM auctions:Crisil

The licence fee payable is estimated as higher of either 2.5 percent of one-time fee or 4 percent of gross ad revenue over the next 15 years. The amount is significantly higher than what the government earned in the first two phases together, which is estimated to be around Rs 1,500-1,700 crore.

HC allows Sun Grp's Red FM to participate in mock auctions

The government dithered the proposal of auction deferment saying that many months' work has gone into conducting these auctions and all of that stands to be delayed if the auctions are deferred.

I&B Ministry to hold mock FM radio auctions on July 22, 23

The Information and Broadcasting Ministry is planning to hold 'mock auctions' on July 22 and 23 to familiarise bidders with the rules and methodology for Phase III FM radio auctions.

Commercial mining: Need of the hour

Sanjay Sagar, joint MD and CEO, JSW Energy, says: "Current format on commercial mining is not attractive for the industry. Private sector should be assured of a level playing field for commercial mining."

Coal auction unlocks Rs 4,00,000 crore: Secy

The auctions and allotments of 67 coal blocks so far has unlocked a total value of nearly Rs 4,00,000 crore, a senior coal ministry official said today.

Cut defensives, add banks; mkt to rise 10% in 1 yr: Ashmore

Jan Dehn Head-Research, Ashmore Investment Management is not perturbed by the intense sell-off in Indian equities. The Indian story is far from over, he tells CNBC-TV18 adding incremental government spending can add 10 percent to indices in one year.

Buy on dips; earnings to stabilise soon: DSP Blackrock

In telecom, Anup Maheshwari of DSP Blackrock Investment Managers says the sector is yet to see pricing power. He is waiting for revenue per minute (RPM) to increase in telecom to justify capex in auctions.

Monnet Ispat jumps 16% on coal block win in Chhattisgarh

The government was successful in selling all the 19 mines in the first lot of auction which began on February 14. Hindalco has bagged the maximum number of mines in the first phase of auction, winning three that includes two in Chhattisgarh and one in Jharkhand.

Power cos aggressive bids aimed at loss cutting: Expert

Shankar K of Edelweiss Securities says he was expecting the bidding to be aggressive for the power sector especially since there is a huge mismatch between demand and supply.

Well-placed to renew existing spectrum in 900 MHz: Idea

On cash availability, Himanshu Kapania, MD of Idea Cellular says the company is well-placed to renew existing spectrums in 900 MHz band. In its Q3 results, the company reported cash profit of around Rs 2,000 plus crore. Next year it expects to generate Rs 10,000 crore cash profit.

DoT may seek nod on defence-telecom spectrum swap in Jan

According to government sources, it is not necessary to swap 3G spectrum by February, the actual swapping can happen by July. The government is trying to ensure that 2G and 3G auctions are held before March 2015.

Spectrum auction: Vodafone big 2G winner, spends Rs 19600cr

Vodafone has spent a total of nearly Rs 19,600 crore in this auction of which around Rs 5,600 crore will be payable in this financial year.