17 Nov 2015
New Delhi: The government expects to finalise the new policy for auction of oil and gas blocks during the ongoing financial year, Oil Minister Dharmendra Pradhan said.
19 Nov 2015
New Delhi: The government today kick-started the process for the fourth round of e-auctioning of eight coal blocks, which is slated for January 18-22 next year. The last three rounds of auction have generated proceeds of more than Rs 3 lakh crore, which would be realised over 30 years by states where the mines are located.
17 Nov 2015
New Delhi: With current rates considered too low to support exploration and production cost, the government yesterday proposed to free natural gas pricing as well as replace the controversial Production Sharing Contract (PSC) with simpler revenue-sharing regime for all future field auctions.
09 Nov 2015
London: A chipped Chinese porcelain vase, which was valued at just 150 pounds, fetched a whopping 114,500 pounds - 700 times its estimated price - when it went under the hammer at an auction in the UK.
03 Mar 2015
New Delhi: Two major auctions-- one for the four coal mines and another of 2G and 3G spectrum-- will start on Wednesday, which may collectively fetch the government more than one lakh crore.
09 Oct 2015
London: The "world's most valuable biscuit" which survived the sinking of the Titanic more than a century ago, will go under the hammer later this month and is expected to fetch between 8,000 and 10,000 pounds.
15 Oct 2015
New Delhi: In an embarrassment to CBI, a special 2G court today discharged former Telecom Secretary Shyamal Ghosh and three telecom firms in the 2002 additional spectrum allocation case, saying that the charge sheet was 'full of distorted and fabricated facts' and that the agency has tried to 'mislead' the court.
02 Oct 2015
New York: An 'extremely rare' menu of the last lunch served to first-class passengers on the doomed liner Titanic has sold for a whopping USD 88,000 at an auction. The menu, which was saved by passenger Abraham Lincoln Salomon, listed items including potted shrimps, grilled mutton chops and apple meringue.
29 Sep 2015
New Delhi: In a huge setback to corporate honcho Anshuman S Ruia and Ravi S Ruia and their company Essar Teleholding, the Supreme Court today upheld their trial by the Special CBI court trying 2G scam cases, rejecting their plea that they should instead be tried by a magisterial court.
17 Sep 2015
New Delhi: Indian national team captain Sardar Singh turned out to be damp squib as he bagged just USD 58,000, even as Germany’s Moritz Fuerste drew the highest ever bid in the history of Hockey India League auctions after he was bought by Kalinga Lancers for a whopping USD 1,05,000 on Thursday.