Stay updated with the latest auction news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on auction topics.
Bengaluru, March 2 (SocialNews.XYZ) Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, said on Monday that the Central government is committed to protecting the interests of tobacco growers in Karnataka. Kumaraswamy made the statement after a crucial meeting in Mysuru with public representatives from tobacco-growing regions, farmers, buyers, and senior officials of the Tobacco Board regarding the ongoing crisis related to the current FCV (Flue-Cured Virginia) tobacco auction in th ...Read More >
MUMBAI, Feb 17 (Reuters) - Global private equity investors such as KKR and Blackstone have a new investment hotspot in India: cricket. The Indian Premier League, the world's richest cricket league, counts Bollywood stars, Indian tycoons and spirits maker Diageo among its backers, but is now attracting major private equity firms with the prospect of rapidly rising revenues and profits and a large global viewership. The enterprise value of the league, colloquially known as the IPL, rose to a rec ...Read More >
New Delhi, Dec 17 (PTI) Coal Minister G Kishan Reddy on Wednesday urged all stakeholders, including the private sector and state governments, to forge strong partnerships to attain self-reliance in coal production and significantly reduce imports. The statement assumes significance in the wake of the country's ongoing push to secure energy supplies amid rising demand from power, steel, and cement sectors. During the launch of India Chapter of FutureCoal, the global alliance for sustainable coa ...Read More >
MUMBAI: The Indian rupee on Tuesday slipped to a fresh all-time low, crossing the 91 mark, making it one of the weakest major currencies globally this year and the weakest in Asia in 2025 so far. The pressure on the currency is being driven by uncertainty around the India-US trade deal, continued foreign institutional investor (FII) outflows and persistent US dollar buying. Over the past 9 trading sessions, the currency has declined from 90 to 91 against the dollar, including a one percent drop ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Paduko ...Read More >
New Delhi, Oct 31 (PTI) A miniature depicting a family of cheetahs relaxing on a patch of luxuriant grass in a rocky landscape, attributed to one of Akbar's favourite artists, Basawan, has set the record for the most expensive classical Indian art at Christie's London auction on October 28. Sold for GBP 10,245,000 (approximately Rs 119.49 crore) at Christie's auction of "Exceptional Paintings from The Personal Collection of Prince & Princess Sadruddin Aga Khan", the painting, titled "A Family o ...Read More >
Mumbai (Maharashtra) [India], October 28 (ANI): The Reserve Bank of India (RBI), on behalf of the Government of India, has announced the sale (re-issue) of four dated Government Securities for a total notified amount of Rs 32,000 crore.The auction is scheduled to be held on October 31, 2025 (Friday), while the settlement will take place on November 3, 2025 (Monday).According to the official statement by the RBI, the auction will include four Government Securities with varying maturities and coup ...Read More >
Mumbai, Oct 28 (PTI) The Maharashtra government has finalised a policy promoting the use of artificial sand for construction activities and issued an official order to this effect, Revenue Minister Chandrashekhar Bawankule said on Tuesday. In a letter to all district collectors, Bawankule directed the immediate implementation of the policy. The government has delegated powers to approve the artificial sand, or M-Sand (manufactured sand), units to district collectors, who can now sanction up to ...Read More >
New Delhi, Oct 24 (SocialNews.XYZ) The Ministry of Coal has handed over another three coal blocks to successful bidders, under the commercial auction route, for which the Coal Mine Development and Production Agreements were signed on August 21 this year, according to an official statement issued on Friday. The blocks for which vesting orders were issued on Thursday, include Rajgamar Dipside (Deavnara), Tangardihi North and Mahuagarhi. Among these, 2 blocks are partially explored and 1 block is ...Read More >
Panaji: State govt has announced that it will engage a third party to evaluate the grade of freshly extracted iron ore at mines, aiming to collect accurate royalty and premium on the average sale price determined by the Indian Bureau of Mines (IBM). This decision comes as the directorate of mines and geology (DMG) currently lacks a laboratory to assess ore grades.Director of mines and geology, Narayan Gad, said the IBM fixes different prices for iron ore grades ranging from 45Fe to 51Fe. He adde ...Read More >
New rules aim to speed up mine operations. Intermediary timelines and penalties are introduced for delayed production. Incentives like reduced duties are offered for faster output. Over 585 mines have been auctioned since 2015. The government wants to boost mineral production by ensuring timely operationalisation of these mines. The centre has amended Mineral (Auction) Rules, 2015, introducing intermediary timelines, aiming to speed up operationalisation of bid out mines. An official statement ...Read More >
New Delhi [India], October 19 (ANI): The Ministry of Mines has notified an amendment to the Mineral (Auction) Rules, 2015, introducing intermediary timelines for various activities to be completed after the issue of the Letter of Intent (LoI) till the execution of the mining lease. Since the commencement of the auction regime in 2015, a total of 585 major mineral blocks have been successfully auctioned, including 34 critical mineral blocks auctioned by the Central government. Initially, the pac ...Read More >
India's Solar Energy Corp. (SECI) 2 GW solar and 4 GWh storage auction reached a record-low INR 2.86 ($0.033)/kWh, with Shivalaya Construction winning the largest 600 MW allocation amid strong competition. India's SECI has reached a record low tariff of INR 2.86/kWh in a tender for 2 GW of solar coupled with 1 GW/4 GWh of energy storage. The result marks the first time a solar-plus-storage configuration in India has fallen below the INR 3/kWh threshold. The tender attracted several new partici ...Read More >
Solar Energy Corp. of India Ltd's (SECI) tender for 2 GW of solar PV projects coupled with a 1 GW/4 GWh energy storage system has yielded a lowest tariff of INR 2.86/kWh. The auction saw participation from several new entrants in the sector, with Shivalaya Construction Ltd securing the largest slice of 600 MW. India has breached the INR 3/kWh mark for a solar + 4-hour energy storage system (ESS) configuration, with the Solar Energy Corp. of India Ltd's (SECI) tender for 2 GW of solar PV project ...Read More >
A bench of Justices Surya Kant and Joymalya Bagchi interpreted the apex court's 2016 verdict in Kedar Nath Yadav's case that quashed the land acquisition proceedings for establishing the manufacturing plant of Tata Motors. The bench said the 2016 judgement was anchored on the premise that the acquisition disproportionately affected vulnerable communities lacking financial resources and institutional access to challenge governmental action. The bench noted that this court had directed restorati ...Read More >
Mumbai (Maharashtra) [India] October 7(ANI): The Reserve Bank of India (RBI) on Monday announced the auction of two Government of India (GoI) securities with a total notified amount of Rs 28,000 crore.According to the RBI notification, the auction will include the re-issue of 6.68 per cent GS 2040 worth Rs 16,000 crore and 6.90 per cent GS 2065 worth Rs 12,000 crore. The auction is scheduled for Friday, October 10, and the settlement will take place on Monday, October 13.As per the notification, ...Read More >
TRAI released recommendations for a digital radio broadcast policy, allowing analogue FM channels to add a digital layer. It proposes a single technology standard and auctioning new frequencies in 13 major cities, including Delhi and Mumbai, as the first step towards India's digital radio shift. Existing broadcasters can migrate voluntarily to simulcast mode, enabling multiple channels. The Telecom Regulatory Authority of India (TRAI) on Friday released the recommendations on the digital broadc ...Read More >
New Delhi, Sep 30 (PTI) Telecom regulator Trai has floated a consultation paper to explore pricing and norms for the auction of over 12,000 megahertz of radiowaves across 10 spectrum bands, used for 4G and 5G services, an official statement said on Tuesday. Telecom Regulatory Authority of India (Trai) has also sought views on the auction of spectrum in the 6 GHz frequency band, for which both mobile service providers and WiFi players have been fighting to secure a higher chunk of radio waves fo ...Read More >
Saffronart auction in Delhi achieved a cumulative sales value of Rs 355.77 crore Painted in 1970, when artist VS Gaitonde had already gained repute as an abstractionist, an untitled canvas in yellow with translucent layers of ochre and subdued floating forms has fetched a staggering Rs 67.08 crore, becoming the second most expensive Indian artwork sold at an auction. Garnering nearly three times its higher estimate, the oil on canvas came under the hammer at Saffronart's 25th Anniversary live ...Read More >
Mumbai: Media-buying firm WPP Media and sports consulting firm ITW Universe have picked up Board of Control for Cricket in India's tender documents for the front-of-jersey sponsorship of the national cricket team, said people familiar with the matter. A cement manufacturer and a global technology company are also understood to have purchased the documents, though their names could not be confirmed. September 12 was the final day to acquire the papers, with bids due on September 16. The sponsor ...Read More >
ISRL, the world's only franchise-based supercross platform, delivers a spectacle off the track with its Season 2 Athlete Auction Hyderabad: The Indian Supercross Racing League (ISRL), the world's only franchise-based supercross platform, delivered a spectacle off the track with its Season 2 Athlete Auction. From intense bidding wars to fresh faces entering the big league, the auction proved that Supercross in India is no longer just a sport, but a marketplace of speed and star power. ISRL is ...Read More >
New Delhi, Aug 6 (PTI) State-owned SECI has received a bid of Rs 55.75/kg in the first auction for procurement of green ammonia under the SIGHT programme of National Green Hydrogen Mission, an official statement said. The government's Strategic Interventions for Green Hydrogen Transition (SIGHT) programme consists of two financial incentive mechanisms to support domestic manufacturing of electrolysers and production of green hydrogen with an outlay of Rs 17,490 crore up to 2029-30. "In a landm ...Read More >
New Delhi: Under the vision of National Green Hydrogen Mission, state-owned Solar Energy Corporation of India Ltd (SECI) has conducted the first-ever auction for the procurement of Green Ammonia under the SIGHT Scheme (Mode-2A) and has achieved a record low price discovery of Rs 55.75/kg. The pioneering auction covers the supply of 75,000 metric tonnes per annum of Green Ammonia to Paradeep Phosphates Limited, Odisha. It is the first in a planned series of 13 auctions over the coming month, und ...Read More >
HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka has directed officials to expedite the relocation of all polluting industries currently operating within the Outer Ring Road (ORR) to areas beyond it. On Saturday, the minister chaired a Cabinet subcommittee meeting on revenue resource mobilisation at the Secretariat. Ministers and committee members N Uttam Kumar Reddy, D Sridhar Babu and Jupally Krishna Rao were present. The committee instructed officials to formulate clear guidelines a ...Read More >
Jammu, Jul 17 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah listened to the concerns, grievances, and sector-specific demands of people and delegations on Thursday as part of his public outreach initiative. He commended the contributions of each delegation in their respective fields and assured appropriate follow-up on the issues raised. "Several deputations and individuals met Chief Minister Omar Abdullah at the public outreach office 'Raabita' in Jammu today, bringing forward various d ...Read More >
Mumbai, Jul 17 (PTI) The rupee declined 20 paise to settle at 86.12 against the US dollar on Thursday amid a stronger greenback, outflow of foreign funds and volatile global crude oil prices. Selling trend in the domestic equity markets and uncertainties over the outcome of the ongoing India-US trade talks further pressured the rupee, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.93 against the US dollar and traded in the range of 85.80-86.13 during the ...Read More >
Mumbai, Jul 17 (PTI) The rupee declined 15 paise to settle at 86.07 (provisional) against the US dollar on Thursday amid a stronger greenback, outflow of foreign funds and volatile global crude oil prices. Selling trend in the domestic equity markets and uncertainties over the outcome of the ongoing India-US trade talks further pressured the rupee, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.93 against the US dollar and traded in the range of 85.80-86. ...Read More >
Guwahati, July 12: Underlining the persistent challenges, including poor price realization, unregulated market intermediaries, and limited policy safeguards, faced by small tea growers, the Confederation of Indian Small Tea Growers Associations (CISTA) has moved the Commerce Minister Piyush Goyal seeking introduction of a price protection scheme. The flawed price sharing formula (PSF) has failed to ensure fair and transparent price realization for small tea gardens (STG), the apex body of small ...Read More >
New Delhi: Delhi Development Authority (DDA) will soon launch a premium housing scheme for 2025, offering 177 residential HIG, MIG, and LIG flats and garages across the city. The flats will be offered through e-auction at Vasant Kunj, Dwarka, Rohini, Pitampura, Jasola, Ashoka Pahari, and other areas."The authority, in a meeting chaired by lieutenant governor VK Saxena, approved the DDA Premium Housing Scheme, 2025," a DDA official said. The e-auction, apart from the flats, will be done for 67 ca ...Read More >
Guwahati (Assam) [India], July 11 (ANI): The Guwahati Tea Auction Centre (GTAC) has recorded a significant improvement in performance during the April-June quarter of 2025, with total tea sales reaching 32.21 million kg, up from 25.37 million kg in the same period last year -- reflecting a 27 percent year-on-year increase. Dinesh Bihani, Secretary of Guwahati Tea Auction Buyers Association, told ANI that CTC teas remained the leading segment, with sales rising from 16.17 million kg in 2024 to 2 ...Read More >
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