Four more rounds of bidding took place today in the e-auction of the First Batch of Private FM Radio Phase III Channels after which 82 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of around Rs 779 crore.
In a statement released Monday, Information and Broadcasting Ministry which is conducting the auction said that till now, 24 rounds of bidding are over. "At the close of the sixth day of bidding, 82 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of around Rs 779 crore.
Capital market regulator Sebi has sought fresh clarifications from budget carrier IndiGo on its proposed Rs 2,500-crore initial public offer (IPO). Without disclosing the details of clarifications sought, the Securities and Exchange Board of India (Sebi) has said it's awaiting response from lead manager for the proposed public offer. According to the latest weekly update on the processing status of draft offer documents filed with Sebi, the market regulator has said clarifications are awaited on IndiGo's IPO as of July 31, 2015.
The national weatherman said India will receive "deficient" monsoon in its second half season prediction. GP Sharma of Skymet says August will receive rainfall that is 92 percent of the Long Period Average (LPA). While Maharashtra, parts of Central India will receive normal rainfall due to low pressure system forming, it has not helped allay any fears of an El Nino phenomenon.
El Nino is an oceanic phenomenon that leads to warm phase or warm water temperatures around the Pacific coast of South America. The phenomenon is said to disrupt rainfall patterns globally and also lead to parching or parts of Asia and Australia. It also results in trigger storms and floods in other regions.
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