Stay updated with the latest auction news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on auction topics.
New Delhi, Apr 8 (PTI) While India's progress in the renewable-energy sector has been "tremendous", the hindrances in large-scale implementation of solutions are more "technical than actual", a top government official said on Wednesday. Talking to PTI Videos, Suman Chandra, Director at the Ministry of New and Renewable Energy, said there are technical problems of transmission not having kept pace with the solar and wind deployment, and that the government is solving it. "Our progress has been ...Read More >
New Delhi, Apr 8 (PTI) Coal inventories at thermal power plants remained comfortable around 55 million tonnes as of Tuesday, sufficient for 24 days of uninterrupted power generation based on the average consumption over the last seven days, a senior coal ministry official said. The stock levels indicate "absolute no deficit" on the power generation side, coal Joint Secretary Sanjeev Kumar Kassi emphasised, allaying concerns over potential shortages amid rising summer demand. "Coal stock at the ...Read More >
New Delhi [India], April 8: India's agricultural markets stand at a defining crossroads. For decades, mandis, the backbone of agricultural trade, have connected farmers, traders, and consumers. Yet the operational foundation of many mandis continues to rely on manual processes, fragmented data systems, and delayed information flows. In an era driven by artificial intelligence, data analytics, and digital platforms, the absence of deep digitalization at the core levels of mandi operations has bec ...Read More >
VMPL New Delhi [India], April 8: India's agricultural markets stand at a defining crossroads. For decades, mandis, the backbone of agricultural trade, have connected farmers, traders, and consumers. Yet the operational foundation of many mandis continues to rely on manual processes, fragmented data systems, and delayed information flows. In an era driven by artificial intelligence, data analytics, and digital platforms, the absence of deep digitalization at the core levels of mandi operations h ...Read More >
New rules allow mining lease holders to expand their areas. This applies to deep-seated minerals and associated minerals. The contiguous area can be up to 10% for mining leases and 30% for composite licenses. Holders of auctioned leases will pay 10% of auction premium on dispatched minerals from the added area. Others will pay extra royalty. The Ministry of Mines has notified rules allowing inclusion of contiguous area in the mining lease and composite licence of deep-seated minerals. An offici ...Read More >
LAFAYETTE, Colo. - urban-gro, Inc. (NASDAQ:UGRO) furnished an investor presentation on Monday outlining its strategic focus on the global T20 cricket market following its integration with Flash Sports & Media, Inc. and Innovative Production Group, Inc. The company detailed four catalysts with varying timelines. The first involves market entry through a targeted May 15, 2026 player draft and auction for LPL Season 6. The second catalyst focuses on monetization through sponsorships, media rights ...Read More >
Singapore, 6 April (Argus) -- Premiums at India's domestic coal auctions rose sharply in March with industrial buyers moving to secure supply following a surge in seaborne coal prices and freight rates, led by the US-Iran conflict and pre-summer restocking by power utilities. State controlled Coal India (CIL) -- which meets about three-quarters of India's coal needs -- recorded an average premium of 45pc in its March electronic auctions over the notified prices applied to long-term contracted s ...Read More >
New Delhi: The Reserve Bank of India's three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict. The meeting -- scheduled from April 6 to April 8 -- comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook. While the RBI is likely to maintain the status quo in the upcoming policy, experts said ...Read More >
New Delhi, April 6: The Reserve Bank of India's three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict. The meeting -- scheduled from April 6 to April 8 -- comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook. While the RBI is likely to maintain the status quo in the upcoming policy, expe ...Read More >
New Delhi, April 6 (SocialNews.XYZ) The Reserve Bank of India's three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict. The meeting -- scheduled from April 6 to April 8 -- comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook. While the RBI is likely to maintain the status quo in the upco ...Read More >
A 19th Century painting by iconic artist Raja Ravi Varma has become the most expensive Indian artwork ever sold, setting a new auction record. The painting, Yashoda and Krishna, was sold for 1.67bn rupees ($17.9m; £13.6m) at a Saffronart auction in Delhi on Wednesday. It beat the previous record set by MF Husain's Untitled (Gram Yatra) which fetched $13.8m last year. The surge in sales and records highlight growing demand for Indian and South Asian art, with collectors pushing prices to new hi ...Read More >
New Delhi, Apr 5 (PTI) State-owned Coal India Ltd plans to offer 25.62 million tonnes of coal through online auction in the current month, a move expected to mitigate the impact of energy supply shocks on industries amid the West Asia crisis. The disruptions in LNG, LPG and crude oil supplies from the Middle East have increased demand for coal, driving up its import prices. Coal India had offered 32.532 million tonnes of coal through e-auction in March against 20.5 million tonnes in February t ...Read More >
Bhubaneswar : The State Cabinet on Saturday decided to dispose of 1 lakh metric tonnes (LMT) of surplus rice through open market auction to prevent financial losses and ensure efficient stock management. During the Kharif Marketing Season (KMS) 2024-25, the state achieved a historic milestone by procuring a record 73.46 lakh MT of paddy. Combined with 19.19 lakh MT procured in the Rabi season, the total paddy procurement reached an all-time high. This has resulted in an estimated 63.37 lakh MT ...Read More >
New Delhi [India], April 3 (ANI): State governments and Union Territories across the country are expected to raise a total of Rs 2,54,509 crore through market borrowings during the first quarter of the 2026-27 financial year. According to an indicative calendar released by the Reserve Bank of India (RBI) on Thursday, these borrowings will take place between April and June 2026 as part of the states' efforts to manage their financial requirements. The central bank, acting as the debt manager fo ...Read More >
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Yashoda and Krishna, Raja Ravi Verma. Image Courtesy/ Saffronart April 2026. Mumbai. The gavel falls at Saffronart's Spring Live Auction, and with it, every record in Indian art history is erased. Raja Ravi Varma's Yashoda and Krishna has sold for ₹167.2 crore, approximately $18 million, making it the highest-value work of modern Indian art ever sold at auction. The buyer? Cyrus S. Poonawalla, the Pune-based founder of the Serum Institute of India. Until this week, Poonawalla was better known ...Read More >
New Delhi [India], April 2 (ANI): Indian artist Raja Ravi Varma's oil painting of 'Yashodha and Krishna' has set the new world record for the highest price for an Indian painting sold at the auction. The art was sold for Rs 167.20 crore inclusive of the buyer's premium. The bidding took place at the Saffronart auction house on April 1. Taking to their Instagram handle, they shared a snap of the Indian artwork. Also Read | Khesari Lal Yadav Show in Bihar's Muzaffarpur Disrupted by Chaos, Police ...Read More >
New Delhi [India], April 2 (ANI): Indian artist Raja Ravi Varma's oil painting of 'Yashodha and Krishna' has set the new world record for the highest price for an Indian painting sold at the auction. The art was sold for Rs 167.20 crore inclusive of the buyer's premium. The bidding took place at the Saffronart auction house on April 1. Taking to their Instagram handle, they shared a snap of the Indian artwork. "RAJA RAVI VARMA'S Yashoda and Krishna, circa 1890s, sold for Rs 167.20 crores ($17. ...Read More >
MUMBAI, India, April 2, 2026 (BSS/AFP) - An Indian oil painting by celebrated 19th century artist Raja Ravi Varma has sold for a record $17.9 million at auction in Mumbai, the highest price ever paid for a modern Indian artwork. Mumbai-based auction house Saffronart said the painting, "Yashoda and Krishna", depicting the Hindu god Krishna with his mother while she milks a cow, was also the highest paid for a Varma artwork in an auction worldwide. The oil on canvas painting was put up for aucti ...Read More >
Mumbai: The Shree Siddhivinayak Ganapati Temple Trust reported record-breaking financial results for the 2025-2026 year. While the anticipated income was originally set at Rs 155 crore, the actual revenue reached approximately Rs 182 crore. This reflects a significant 37% increase in annual income compared to the previous year. Financial Details Announced at Board of Trustees Meeting on March 28 The financial details were announced at the Board of Trustees meeting on 28 March. The meeting was ...Read More >
The Municipal Corporation of Gurugram (MCG) has urged property owners to clear their dues within the next three days, with March 31 marking the deadline for property tax payment for the current financial year, officials said. Civic officials said that once the new financial year begins, an interest of 18% per annum will be levied on pending dues, significantly increasing the financial burden on defaulters. Property owners who have not yet paid their taxes have been advised to do so before the d ...Read More >
NEW DELHI, April 1 (Reuters) - India does not plan to go ahead with auctioning deep-sea mining rights due to a lack of technological preparedness and expectations of a weak response from potential bidders, two sources familiar with the matter told Reuters. In November of 2024, India had announced the maiden auction of 13 offshore mineral blocks that included three lime mud blocks, three construction sands blocks and seven polymetallic nodules blocks in the first tranche. The blocks contained ...Read More >
Mumbai city (area under Brihanmumbai Municipal Corporation or BMC jurisdiction) recorded 15,516 property registrations in March 2026, the highest monthly registration for March in 14 years, according to data from the Maharashtra Department of Registrations and Stamps analysed by Knight Frank India. The registrations in March 2026 generated over ₹1,492 crore in stamp duty revenue for the state exchequer. The registrations include both new sales and re-sales. On a year-on-year (Y-o-Y) basis, reg ...Read More >
Mumbai, March 31: The BMC is confident to achieve 100% property tax collection for the financial year 2025-26, with 94.12% of its target already realised. According to civic officials, the BMC has collected Rs 6,910 crore, and penalty of Rs 274, against its target of Rs 7,341 crore as of the night of March 30, marking the highest-ever recovery at this stage of the fiscal year. Deputy Municipal Commissioner (Assessment & Collection) Vishwas Shankarwar stated that the remaining 6% is expected to ...Read More >
New Delhi: The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of qualified bidders. The development comes as a setback to the government's efforts to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions. In an annulment notice, the mines ministry said that the auction process for 5 mineral blocks was cancelled since no bids we ...Read More >
Mumbai: Banks believe mark-to-market (MTM) treasury losses are expected to be significantly larger than estimated due to a sharp rise in 10-year yield, which crossed the psychological mark of 7% on Monday - its highest level since 2024. The 10-year yield closed at 7.03% on Monday, the last trading day of this fiscal year, versus its previous close of 6.94%. The money market will be closed on Tuesday due to Mahavir Jayanti. The yield jumped 37 bps in March, the biggest monthly move since Februar ...Read More >
Mumbai: The Reserve Bank of India (RBI) on Monday injected Rs 84,582 crore into the banking system to enhance liquidity through two variable rate repo (VRR) auctions. The central bank injected Rs 50,001 crore through the first three-day VRR auction early in the day at a cut-off rate of 5.34 per cent and weighted average rate of 5.44 per cent, according to an RBI statement. The RBI injected another Rs 34,581 crore at 5.26 per cent cut-off and 5.30 per cent weighted average rate at an auction la ...Read More >
Mumbai, Mar 30 (PTI) The Reserve Bank of India (RBI) on Monday injected Rs 84,582 crore of transient liquidity into the banking system through two variable rate repo (VRR) auctions. The central bank injected Rs 50,001 crore through first three-day VRR auction early in the day at cut-off rate of 5.34 per cent and weighted average rate of 5.44 per cent, the central bank said in a release. The RBI injected another Rs 34,581 crore at 5.26 per cent cut-off and 5.30 per cent weighted average rate at ...Read More >
New Delhi [India], March 30 (ANI): A recent report by Fitch Ratings has flagged heightened risks in India's gold-loan segment following a decline in gold prices, underscoring the need for robust risk controls among non-bank financial institutions (NBFIs). In its latest assessment, Fitch said that falling gold prices could erode the value of collateral backing gold loans, potentially weakening lenders' recovery prospects in the event of borrower defaults. "A decline in gold prices puts pressure ...Read More >
New Delhi [India], March 30 (ANI): A recent report by Fitch Ratings has flagged heightened risks in India's gold-loan segment following a decline in gold prices, underscoring the need for robust risk controls among non-bank financial institutions (NBFIs). In its latest assessment, Fitch said that falling gold prices could erode the value of collateral backing gold loans, potentially weakening lenders' recovery prospects in the event of borrower defaults. "A decline in gold prices puts pressure ...Read More >
New Delhi, Mar 2 (PTI) Amazon India on Monday announced 'Zero Referral fee' on more than 12.5 crore products, a move, the ecommerce giant said, aims to accelerate growth for lakhs of sellers across the country. Building on last year's fee revision, the company has expanded zero referral fees coverage more than 10-times from 1.2 crore products in 2025 to over 12.5 crore products priced under Rs 1,000 across 1,800-plus categories, the company said in a release. In addition, Amazon has reduced Ea ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.