IPL players' auction for the 2027 season is slated to be held in India, marking a return after three overseas editions, with league chairman Arun Dhumal expressing a strong desire for a domestic venue.
The Indian coal ministry announced that 147 commercial coal blocks auctioned since 2020 are expected to attract approximately 55,000 crore in capital investment, generate 490,000 jobs, and contribute significantly to state revenues.
The Closing Auction Session (CAS) on expiry day led to unprecedented volatility in the Nifty 50 and Sensex, causing the indices to swing wildly in just 14 minutes and raising concerns among traders about market manipulation and increased speculation.
'The number of airport bundles that may be awarded to a single bidder would be capped.'
The Prime Volleyball League auction saw Shameemudheen become the biggest Indian buy at Rs 20 lakh, with other players like Muhammad Nihal C K, Shon T John, and Jasjodh Singh also securing significant bids. The auction also highlighted the growing importance of grassroots talent, with several U-21 players earning spots in PVL franchises, underscoring the league's commitment to nurturing future stars.
A collection of 688 autographed reflections by Mahatma Gandhi, compiled into 'A Thought for the Day', was sold for a record Rs 16.20 crore at a Saffronart auction, becoming the world's most expensive Indian historical document sold at auction.
Indian benchmark indices Sensex and Nifty ended a four-day rally, closing lower on Tuesday following the introduction of a new Closing Auction Session (CAS) for F&O stocks, which has added a layer of volatility and led to an early adjustment in market structure.
Sebi Chairman Tuhin Kanta Pandey has defended the newly rolled out Closing Auction System (CAS), stating that it is a transparent mechanism and that the industry needs time to understand the change. He acknowledged initial turbulence and concerns from fund houses but noted an increase in mutual fund participation.
The Securities and Exchange Board of India (Sebi) has swiftly barred Copthall Mauritius Investment and Mansi Share & Stock Broking from the securities market for alleged manipulative trades during the closing auction session (CAS) on Sensex expiry. The regulator has also directed the impounding of wrongful gains totalling 3.67 crore from the two entities.
Indian benchmark stock indices, Sensex and Nifty, experienced mixed trading following the introduction of a new Closing Auction Session (CAS) for shares with futures and options (F&O) contracts, aimed at enhancing price discovery transparency. Track Sensex, Nifty on August 4
Items include luxury watches, jewellery, carpets, shawls, silverware and collectible artefacts with bidding prices reaching up to Rs 20 lakh.
Market experts have largely supported Sebi's proposed changes to the expiry-day trading framework, including delinking derivatives settlement prices from cash-market closing prices and discontinuing live indicative index values during the Closing Auction Session (CAS), believing these will address volatility and manipulation.
The second edition of the Kerala Cricket League (KCL) will hold its player auction on Saturday in Thiruvananthapuram. Six franchises will bid for 156 players from a shortlisted pool of 173, with veteran auctioneer Charu Sharma conducting the event. Teams have a budget of Rs 50 lakh and players are categorised by experience, with varying base prices.
The second edition of the Kerala Cricket League (KCL) will hold its player auction on Saturday in Thiruvananthapuram. Six franchises will bid for 156 players from a shortlisted pool of 173, with veteran auctioneer Charu Sharma conducting the event. Teams have a budget of Rs 50 lakh and players are categorised by experience, with varying base prices.
Indian stock exchanges are actively preparing to implement a new closing auction mechanism (CAS) from August 3, aimed at enhancing transparency in determining closing prices for securities with derivative contracts.
The fifth edition of the Women's Premier League (WPL) is scheduled from January 14 to February 7, 2027, with the player auction slated for October 28 in Kochi, the BCCI confirmed.
'And now since Lakshmi Mittal owns Rajasthan Royals, he will never let Vaibhav Sooryavanshi go anywhere. And if it ever happens, not just me... the entire IPL world of owners are waiting.'
The number 10 shirt worn by Brazil's Pele in the 1958 World Cup final, where he scored twice against Sweden, has been sold for $4.9 million at a Sotheby's auction, making it the most valuable piece of memorabilia linked to the football legend.
The third Delhi Premier League T20 auction will see 600 players, including prominent Indian cricketers Rishabh Pant and Pratika Rawal, go under the hammer. Eight men's and four women's franchises will participate, with specific purse allocations for bidding. Players are categorised based on their experience, with varying base prices for each category.
Sebi chairman Tuhin Kanta Pandey acknowledged that all global jurisdictions experienced lower liquidity during the initial implementation phases of the closing auction session (CAS), a stock price determination framework introduced in India on August 3.
The Nifty 50 experienced significant volatility during its closing auction session, leading to losses for both long and short retail options traders due to thin liquidity and rapid price swings, particularly in private-sector banks.
Delhi Capitals quashed all rumours over senior batter K L Rahul's future with the franchise, with co-owner Parth Jindal confirming his retention for IPL 2027.
India's derivatives market experienced a significant 23 per cent fall in average daily contracts traded in August, reaching a 13-month low of 224 million. This decline is primarily attributed to regulatory changes, including a higher securities transaction tax (STT) and enhanced collateral requirements, alongside the introduction of a closing auction session.
The Enforcement Directorate has successfully auctioned a seized Hawker 800A aircraft for Rs 3 crore. This action is part of an ongoing money laundering investigation into a Hyderabad-based company, Capital Protection Force Pvt. Ltd., accused of defrauding investors of Rs 792 crore through a Ponzi scheme. The proceeds from the auction will be used for restitution to genuine investors.
Indian benchmark equity indices, Sensex and Nifty, closed mixed on Friday. While a drop in crude oil prices offered some relief, weakness in IT stocks and several Tata Group counters, including a significant dip in Tata Chemicals and ongoing boardroom issues at Tata Sons, limited a broader market recovery.
Royal Challengers Bengaluru's director of cricket, Mo Bobat, discusses the importance of strategic team building at the IPL auction and the team's focus on skill and character in player selection.
August 2026 witnessed a significant surge in India's primary market, with 21 mainboard initial public offerings (IPOs) raising approximately 21,000 crore, marking the highest monthly deal count of the year, even as benchmark indices experienced declines.
India's market regulator, Sebi, is set to issue a consultation paper proposing changes to the methodology for determining settlement prices of derivative contracts, following significant feedback and 'sharp price spikes and distortions' observed during the recently implemented Closing Auction Session (CAS) mechanism.
India's T20 vice-captain Tilak Varma was the highest-paid player at the inaugural TG20 player auction, securing a bid of Rs 33 lakh from Medak Falcons. His India teammate Mohammed Siraj also fetched a significant amount, while all-rounder CV Milind became the most expensive uncapped player. The TG20 tournament is set to begin on June 21.
The Delhi & Districts Cricket Association (DDCA) is set to review a controversial rule allowing DPL franchises to pick three local league players outside the auction, following widespread disrepute caused by the inclusion of cricketer Dev Chaudhary in the New Delhi Tigers squad.
'Regulations give a particular minimum amount of shares to be given in the OFS or IPO -- without which one cannot do the IPO.' 'We got that number on the day of filing of updated DRHP -- sufficient for us to go live with the IPO.'
The divergence between the Sensex and Nifty closing values narrowed on the third day of the Closing Auction Session (CAS) rollout, but market participants, including Zerodha's Nithin Kamath, highlight structural issues and the unfortunate timing of its introduction alongside new RBI norms.
The Hingorani family's decision to part with the Gandhi archive after generations was guided by a desire to make it accessible to a wider audience and to fund initiatives that would extend its legacy.
The Nifty's stunning 200-point jump in the final minute of trading wasn't a glitch. It marked India's shift to a new, globally accepted system of end-of-day price discovery.
The benchmark BSE Sensex rebounded by 362 points, ending a four-day losing streak, driven by strong buying in metal, private banking, and oil and gas shares, while the broader NSE Nifty saw modest gains despite paring some advances in the closing session.
Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.
Indian stock market indices closed on a mixed note, with the Sensex gaining 374 points driven by buying in Reliance Industries and ICICI Bank, while the Nifty remained flat. This divergence is attributed to a new Closing Auction Session (CAS) mechanism introduced by stock exchanges, impacting market liquidity and price discovery.
Karn Sharma announced his retirement from competitive cricket at 38, ending a nearly two-decade career highlighted by India appearances, 591 wickets and four IPL titles.
Indian benchmark indices, Sensex and Nifty, closed lower, primarily due to a downturn in banking and financial stocks, coupled with crude oil prices remaining above USD 80 per barrel. Geopolitical uncertainties and new regulatory proposals for the non-bank lending sector also contributed to cautious investor sentiment.
Following Stephen Fleming's departure, Chennai Super Kings are seeking a new head coach. Former India spinner Ravichandran Ashwin has suggested Eoin Morgan as a strong candidate, citing his leadership experience. Ashwin also believes MS Dhoni should continue to provide leadership during this transition period.
