The IPL uses this system for players' auction.
'With the amount of Test cricket in particular this year, didn't feel like it was the right time'
James Otis, who owns the personal belongings of Mahatma Gandhi including the iconic round glasses that are being put on auction on Thursday, has said that he is prepared to reach a financial settlement with the Indian government and take the items off the auction block. "But if the (Indian) government announces some major scheme for the poor, I will even donate these items," he added.
The ED said in a statement that it has attached the properties including land, building and structure and plant and machinery of Jarandeshwar Sahkari Sugar Karkhana at Chimangaon, Koregaon, Satara worth Rs 65,75,00,000 under the provisions of the Prevention of Money Laundering in a case related to Maharashtra State Co-operative Bank (MSCB).
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
The 17-lender consortium led by State Bank of India has also put the Flying Models, Funliner, Fly Kingfisher and Flying Bird Device on the block.
Taking cue from holy book Bhagwad Gita, the draft telecom bill has equated spectrum to the soul which remains immortal and has used the analogy to propose its use for continuity of telecom service of entities that face insolvency.
Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
The court, however, asked the civic body to grant six months "breathing time" to the company in vacating the hotel in case they lose out in the e-auction.
Sebi will e-auction next month, 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group
Following a go-ahead from the Court, the two entities have put in place a mechanism to auction these properties.
The FM puts a positive spin on the Budget but the math looks dodgy.
At the reserve price, these auctions will take the total fund raising to at least Rs 3,100 crore (Rs 31 billion).
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
UAE-based aviation support company Alna Aero Distributional Finance Holdings offered only Rs 1.09 crore.
There are a total of 12,611 establishments called enemy property, roughly estimated to be worth over Rs 1 lakh crore, in the country.
More properties are expected to go under the hammer in the coming days.
Analysts believe total cost of production at Rs 1,000/tonne reasonable for power firms.
Banks may become more cautious in extending loans, as more and more farmers may take loans, relying on the assurance that a debt relief commission will back them in the event of default.
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
Everything you need to know about the three properties belonging to Dawood Ibrahim, which were auctioned on Tuesday.
Manappuram declared consolidated assets under management (AUM) growth of 27 per cent year-on-year (Y-o-Y) (5.1 per cent quarter-on-quarter or Q-o-Q) to Rs 38,950 crore. Net interest income (NII) saw a margin expansion of 24 basis points (bps) Q-o-Q to 15.44 per cent.
The insolvency process of debt-ridden Reliance Capital Ltd (RCL) on Tuesday hit a roadblock as the NCLT Mumbai has stayed the resolution process on the plea of Torrent Group. The stay order was issued by the National Company Law Tribunal (NCLT) as the Ahmedabad-based Torrent Group challenged the revised bid from Hinduja Group, sources said. Torrent Group, which emerged as the highest bidder with an Rs 8,640 crore offer, had moved the NCLT-Mumbai against Hinduja Group's late revised bid, which it had submitted after the completion of the e-auction process on December 21.
The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules.
During the first round of discovered field auctions, there were 134 bidders for the 34 blocks on offer
The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya and PMLA overrides all other laws, providing ED first right over the assets.
Vrde currently manages about $14 billion globally, and has invested nearly $500 million in India in the past five years
Though the airline has kept a reserve price of Rs 315 crore for these properties, it hopes to make around Rs 500 crore from the sale.
A left-arm orthodox bowling all-rounder for Himachal Pradesh, Dagar, 26, had landed an IPL contract with Punjab Kings in 2018, but didn't have any playing time.
With Pant back in action, the Delhi Capitals can anticipate a boost in their batting prowess
The SBI auction will be the biggest nationwide online sale.
'We have a plan to plough back a 'This year in the first half we had profits of more than Rs 31,000 crore.' significant amount of profits this financial year.' 'We have seen this organic plough back of profit is one of best ways to support the equity of the bank.'
Scheduled commercial banks have written off loans amounting to over Rs 10.09 lakh crore in the last five financial years and the process of recovery of dues from the borrowers continues, Union Finance Minister Nirmala Sitharaman informed the Lok Sabha on Monday.
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
Do not declare them under Income Tax.
Overseas stars likely to make a difference to their IPL teams this seasons.
Foreign portfolio investors' (FPIs') net investment in the domestic debt market in October was the third highest during the current calendar year as foreign investors rushed to lock in higher returns amid global uncertainty and geo-political tensions, market participants said. FPI inflows in debt stood at Rs 6, 322 crore in October against Rs 768 crore in September, according to data on the National Securities Depository Limited (NSDL). Market participants said that the majority of the inflows were channelled through corporate bonds.
Amid a raging controversy over the auction of Mahatma Gandhi's personal belongings, the New York consulate said the memorabilia is an indivisible part of India's national heritage. It also says the items are closely associated with the sentiments of all Indians.
