Bidding

Bidding News

Jet Airways employees’ bailout offer: No harm in trying because buyer apathy in any case stares at banks
Business

Jet Airways employees’ bailout offer: No harm in trying because buyer apathy in any case stares at banks

Unfortunately for Jet Airways employees, there is nothing to leverage with the grounded airline's net worth in the negative.

Essar Steel to see second round of bidding as lenders reject bids by Numetal, ArcelorMittal
Business

Essar Steel to see second round of bidding as lenders reject bids by Numetal, ArcelorMittal

The State Bank-led consortium of lenders to Essar Steel on Wednesday rejected the bids by both Numetal as well as ArcelorMittal after finding them to be ineligible under the amended Insolvency & Bakruptcy Code that debars related parties from bidding

India's largest ever telecoms airwaves auction sees $8.04 billion worth of bids
News & Analysis

India's largest ever telecoms airwaves auction sees $8.04 billion worth of bids

India started its biggest ever telecoms airwaves auction on Saturday, receiving 535.31 billion rupees ($8.04 billion) worth of bids on the first day of the sale, a senior government official said.

Action-based bidding rolled out to Facebook mobile app ads
News & Analysis

Action-based bidding rolled out to Facebook mobile app ads

Social networking giant Facebook has announced its support to "App Event Optimisation" across Facebook, Instagram and its Audience Network from Tuesday, promising more installs of apps and actions within the app.

Yahoo's Silicon Valley Raw Land bought by LeEco for $5 million an acre
News & Analysis

Yahoo's Silicon Valley Raw Land bought by LeEco for $5 million an acre

The mega-valuation of developmental land for offices in Silicon Valley shocked the real estate agents and companies keeping tabs on real estate industry in the area.

Five OnePlus 3 smartphones up for charity auction on Droom before launch
News & Analysis

Five OnePlus 3 smartphones up for charity auction on Droom before launch

OnePlus 3, the latest flagship device set to launch on June 14 is up for auction even before the launch event on Droom.

Corruption scandal hits Tokyo 2020: Olympic bid to be investigated after reports of payment
Sports

Corruption scandal hits Tokyo 2020: Olympic bid to be investigated after reports of payment

Media has reported the Tokyo 2020 bid team made payments totaling more than $2 million to a Singapore bank account linked to Papa Massata Diack.

 Jindal Steel shares head towards biggest fall in 2 yrs on rejection of coal block bids
Business

Jindal Steel shares head towards biggest fall in 2 yrs on rejection of coal block bids

Shares in Jindal Steel and Power were heading towards their biggest daily loss in almost two years on Monday, hit by concerns over the company's ability to feed its power plants after the rejection of its bids for three coal mines auctioned by the government.

Govt may be making a mistake in rejecting Jindal coal bids
Business

Govt may be making a mistake in rejecting Jindal coal bids

The fine print of the bidding agreements may allow the government to cancel any bid it consider unrepresentative of true value, but the downside is this: if a process widely acclaimed as fair and transparent is now used to scuttle some unexpected results, will it not jeopardise the whole process? This is like cancelling an election because the wrong party has won.

Highest bid for Modi's monogrammed suit reaches Rs 1.41 cr as bidding continues
India

Highest bid for Modi's monogrammed suit reaches Rs 1.41 cr as bidding continues

Bidding for Prime Minister Narendra Modi's pinstripe monogrammed suit intensified on Thursday with a diamond trader offering Rs 1.41 crore, the highest so far, on the second day of the auction.

Fifa ethics chiefs agree to take 2018/2022 bidding probe to next step
Sports

Fifa ethics chiefs agree to take 2018/2022 bidding probe to next step

FIFA ethics chiefs met and agreed on the next step for their probe into the bidding process for the 2018/2022 soccer World Cups.

Trai proposes 48% hike in minimum bid price for 800 MHz spectrum
India

Trai proposes 48% hike in minimum bid price for 800 MHz spectrum

The telecommunications regulator has recommended a 48 percent increase in the minimum bid price for airwaves in the 800 megahertz band in a planned auction.

2G spectrum auction resumes with demand in Bihar
Business

2G spectrum auction resumes with demand in Bihar

The second day of auction for 2G spectrum started at 0900 hours today, on the back of demand for spectrum in the Bihar telelcom circle.

2G auctions: Does the govt have answers to these questions?
Business

2G auctions: Does the govt have answers to these questions?

There could be all-round confusion now in the telecom sector, with the auctions generating less than a fourth of the Government's original revenue target, here are some questions today's auction has thrown up.