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Service Tax Dept to auction Vijay Mallya's luxury personal jet on November 28-29

Service Tax Dept to auction Vijay Mallya's luxury personal jet on November 28-29

In its bid to recover around Rs 535 crore due from beleaguered businessman Vijay Mallya, the Service Tax Department is looking at having more participation when it reauctions his luxury personal jet on November 28-29.

PSUs to follow “zero coal imports” policy from next fiscal: Official

PSUs to follow “zero coal imports” policy from next fiscal: Official

In order to bring down coal imports at a faster rate, public sector units (PSUs) in the power sector will follow "zero imports" policy from the next fiscal onwards, a top official said on Thursday.

E-auction for 2nd batch of 266 FM radio channels to begin today

E-auction for 2nd batch of 266 FM radio channels to begin today

E-auction for the second batch of 266 FM radio channels in 92 cities will begin on Wednesday with Information and Broadcasting Minister M Venkaiah Naidu expressing optimism for a very "positive" response.

Lenders to sell Kingfisher Airlines' assets in e-auction

After declaring Kingfisher Airlines, its promoter Vijay Mallya and United Breweries Holdings wilful defaulters, banks on Saturday put up for sale some of the airline’s assets including cars and forklifts.

CCI asks Coal India to examine spot e-auction scheme afresh

Fair trade regulator CCI has asked Coal India to examine afresh its spot e-auction scheme to obviate possible violation of competition norms even as the watchdog rejected a complaint of unfair business practices against the state-owned miner.

SBI to e-auction distressed property on June 12

This is the second e-auction which the bank will be conducting in this year after its maiden attempt in March.

Bids for subsidy by gas power projects postponed by 1 day

Sources said the e-auction on Tuesday will be for stranded power plants, and the same for units receiving sub-optimal domestic gas will be held on May 13.

Good response for residential properties at SBI's e-auction

India`s largest mortgage lender State Bank of India (SBI) successfully completed e-auction of around Rs.1,200 crore worth of stressed assets on Saturday with good number of bids for residential properties, said a senior official.

E-auction of VIP vehicle numbers fetches over Rs 39 lakh

Delhi government's e-auction of fancy registration numbers for vehicles on Tuesday fetched the government a whopping over Rs 39 lakh, with the number '0007' selling for Rs 10.45 lakh.

Delhi govt earns Rs 33.5L from e-auction of fancy registration numbers

 Delhi government's e-auction of fancy registration numbers for vehicles on Wednesday fetched it a whopping Rs 33.50 lakh with the number 0001 itself going for Rs 8.75 lakh.

Coal Ministry prepares draft guidelines on coal block allocation

The Coal Ministry today issued much-awaited draft guidelines for e-auction of 74 coal blocks of the 200 odd coal blocks that had been cancelled by the Supreme Court.

Coal ministry gears up for e-auction modalities

The Coal Ministry is gearing up to prepare the modalities of the proposed e-auction of coal blocks that may take place in January next year.

Companies convicted in coal scam will be barred from auction: Piyush

With the Coal Ministry readying for e-auction of coal blocks that were held 'illegal' and cancelled by the Supreme Court in September, Coal Minister Piyush Goyal on Tuesday said those companies convicted in the coal scam would be barred from auction.

Goa defers iron ore e-auctioning after slump in international prices

The Goa government has put on hold the fifth e-auctioning of iron ore, which was scheduled to be held this week, owing to falling prices in international markets.

Coal India Q1 Net up 8%; board takes view on e-auction issue

World's largest coal miner Coal India Ltd Tuesday reported a 8.1 percent rise in net profit at Rs 4,033.28 crore on consolidated basis for the first quarter ended June 30, 2014.

Govt asks Coal India to cut e-auction volume

The Coal India Board will be holding a meeting on August 12 to discuss the possibility of lowering e-auction quantity.

Goyal asks CIL to boost output, cut e-auction quantity

Coal India, the world's largest coal producer, sells about 7 percent of its production through e-auctions.

Parrikar against e-auction of iron ore, favours open tendering

Goa Chief Minister Manohar Parrikar on Friday said he does not favour e-auctioning of iron ore as it burdens the state government with providing logistic support to buyers, who bid for the raw material.

Coal India Ltd modifies e-auction clauses

State-owned CIL has modified clauses pertaining to spot and forward e-auctions of coal to include a provision that says both parties shall be entitled to claim and recover from the other excess or differential tax and statutory levies.

Coal India's e-auction benefits only big traders: Panel

A high-level panel has described e-auctions conducted by Coal India (CIL) as a "tool for manipulation" that benefits only "big traders" and questioned the need for this method of sales when the country is reeling under a shortage of the fuel.