Morning Tidings

Tag: bid

Only one out of four coal mines received bid for second auction: Coal Minister

In this event, ECoS decides that the coal mine will be allocated to the qualified bidder, declaring it as the preferred bidder.

Under the 11th round of the Coal Mines (Special Provisions) Act (CMSP Act), only one of the four coal mines bid for the second attempt of auction has been received, the Parliament was informed on Wednesday.

The technical bid for the Kurali (A) North mine in Odisha was received from Vedanta Limited and an Empowered Committee of Secretaries (ECOS) will take a final decision on it, with Coal and Mines Minister Prahlad Joshi submitting it to the Lok Sabha in a written reply.

“One of the four coal mines for the second attempt of auction under the 11th Trench of the CMSP Act and the first trench of the MMDR (Mines and Minerals Development and Regulation) Act, only one mine, named Kuraloi (A) North in Odisha. Mine. Bid from Messrs. Vedanta Ltd., “Mr. Joshi said.

The minister said that according to the provisions, if there is a technically qualified bidder, then the bidder will be the qualified bidder.

Click here to read the proceedings updates of the Parliament of 10 March 2021

“…. The initial proposal submitted by the technically qualified bidder will be treated as the final proposal submitted by the qualified bidder and the matter will be referred to the Committee of Secretaries (ECoS) for appropriate decision regarding coal allocation. , “He said.

In this event, ECoS decides that the coal mine will be allocated to the qualified bidder, declaring it as the preferred bidder.

“However, if the ECOS decides that the coal mine will not be allocated to a qualified bidder, the tender process for the coal mine will be canceled.”

Accordingly, the matter was referred to the ECoS and a meeting of the ECoS was held on March 4, 2021, Mr. Joshi said.

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March 10, 2021
Employees bid unqualified for Air India

According to the internal message, the Air India (AI) employees’ union has been disqualified from the bidding process for privatization of the national carrier.

Transaction advisor EY wrote a letter to the group of employees on Sunday informing them of the decision.

“The EOI (Expression of Interest) and supporting documents submitted by you have been duly evaluated and have not met the eligibility requirements laid down in the Preliminary Information Memorandum issued in connection with the strategic disinvestment of Air India Limited (AI). And is liable for disqualification. “

An EOI was presented by a group of 200 AI employees in partnership with a fund based in Seychelles.

The government last January issued a preliminary notice memorandum for the sale of a 100% stake in AI and, later that year, revised a key bid criterion, providing bidders with the flexibility to decide on the loan they would Could take Subsequently, AI received several EoIs.

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Your support for our journalism is invaluable. It is an endorsement of truth and fairness in journalism. It has helped us to be inspired by events and happenings.

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We also reiterate the promise here that our team of journalists, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that shies away from vested interests and political propaganda.

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March 9, 2021
AI employees union disqualified from privatization bid

A group of 200 employees presented an expression of interest in partnership with a fund based in Seychelles

According to the internal post, Air India employees union has been disqualified from the bidding process for privatization of the national carrier.

Transaction advisors Ernst and Young on Sunday informed the group of employees about the decision, writing, “The EOI (expression of interest) and supporting documents submitted by you have been duly evaluated and do not meet the eligibility requirements Has been found for Responsible for the preliminary information memorandum and disqualification issued in connection with the strategic disinvestment of Air India Limited (AI). “

A group of 200 Air India employees presented an expression of interest in a partnership with a fund based in the Seychelles.

The government in January last year issued a preliminary notice memorandum for the sale of a 100% stake in Air India and later that year revised a major bid criteria, giving bidders the flexibility to decide on the loans taken by them. used to do. Subsequently, several expressions of interest were made for Air India.

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Dear Customer,

Thank you!

Your support for our journalism is invaluable. It is an endorsement of truth and fairness in journalism. It has helped us to be inspired by events and happenings.

Morning Tidings has always stood for journalism that is in the public interest. In this difficult time, it becomes even more important that we have access to information that impacts our health and well-being, our lives and livelihoods. As a customer, you are not only the beneficiary of our work, but also its promoter.

We also reiterate the promise here that our team of journalists, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that shies away from vested interests and political propaganda.

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March 8, 2021
Jack Dorsey, Twitter Co-Founder’s First Tweet Bid Reach USD 2.5 Million

Washington, March 7: Bids for Twitter co-founder Jack Dorsey’s first post on the microblogging site has reached USD 2.5 million. Dorsey had listed his first-ever tweet on the website ‘Valuables by cent’ which is poised to sell it as a non-fungible token (NFT).

The 2006 post “Just setting up my twttr” has been listed as a unique digital signature on the website and the highest offer that has been offered till now is USD 2,500,000. Dorsey tweeted a link to the website listing on Friday, and the Twitter co-founder’s post has since then been shared thousands of times. Twitter CEO Jack Dorsey’s First Post ‘just setting up my twttr’ Up for Sale at Online Tweets Marketplace.

just setting up my twttr

— jack (@jack) March 21, 2006

The buyer of Dorsey’s tweet will receive a certificate that will be digitally signed and verified by the Twitter CEO. The certificate will include information such as the time of the tweet posted and its text.

According to Valuables, a tweets marketplace that was launched three months ago, buying a tweet means “What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator”.

(This is an unedited and auto-generated story from Syndicated News feed, Morning Tidings Staff may not have modified or edited the content body)

March 7, 2021
IRCON International shares fall 7% on the government. Stake sale bid announcement

Shares of Ircon International Ltd. closed on Wednesday with losses of over 7% after the government announced plans to hold a stake in the railway unit. On the BSE, the dividend was 6.9%, to close at 91.1. The stock closed at 90.8, down 7.25% on the National Stock Exchange.

Dipam Secretary Tuhin Kanta Pandey tweeted on Tuesday, “The offer for sale in IRCON opens tomorrow for non-retail investors.” Day 2 for retail investors. “

The proposal for the sale of up to 16% government stake (OFS) in IRCON at a floor price of ₹ 88 per share will open on Wednesday, according to a regulatory filing by the company.

The base issue size of OFS is over 10% or 4.70 crore equity shares, with a green-shoe option to retain a subscription of 6-% or more than 2.82 crore shares. The total issue size, including the green-shoe option, is 16 per cent or more than 7.52 crore. The center holds an 89.18% stake in IRCON, which is in the construction of transport infrastructure. At the cost of the floor, 16% stake will be received by the government exchequer over ₹ 600 crore.

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March 5, 2021