SEBI extends auction date for properties of seven companies

18 Aug 2023 CW Team

The Securities and Exchange Board of India (SEBI) has decided to extend the auction date for the properties of seven companies. The new auction date is set for August 31, allowing potential buyers more time to participate in the bidding process. SEBI's decision to extend the auction date comes as part of its efforts to facilitate the sale of properties owned by these companies. The move aims to attract investors and bidders who are interested in acquiring these properties. The extended timeline provides interested parties with an opportunity to conduct thorough due diligence and make informed decisions before participating in the auction. This decision reflects SEBI's commitment to ensuring a fair and transparent auction process for the disposal of properties owned by these seven companies.

Infrastructure Transport

22 Sep 2025

NHAI Tightens Contractor Norms to Boost Highway Quality

The National Highways Authority of India (NHAI) has revised Request for Proposal (RFP) provisions to enhance the quality of highway projects, reduce delays, and lower lifecycle costs. The updates tighten contractor qualification norms, strengthen execution compliance, and increase financial transparency, the Ministry of Road Transport and Highways (MoRTH) said on Wednesday.The stricter RFP clauses will ensure that only technically capable and experienced contractors are eligible for national highway projects. RFPs formally invite bids from contractors, specifying project requirements, terms, a..

Imphal to Gain Rail Connectivity with Jiribam Line Soon

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Adani to Double Colombo Terminal Capacity Ahead of Schedule

India’s Adani Group and its partners are set to double the capacity of the $840 million Colombo West International Terminal months ahead of schedule, despite relinquishing $553 million in U.S. funding, according to an executive at partner firm John Keells Holdings.The deepwater terminal, situated alongside a facility operated by China Merchants Port Holdings, highlights Sri Lanka’s strategic role in the contest for influence in the Indian Ocean between New Delhi and Beijing.The first phase of the fully automated terminal became operational in April 2025. The second and final phase is under..