AUCTIONS
Chinese man gets a 2BHK flat for Rs 155 after placing the highest bid first in an online auction, plans to spend winter holidays there
2BHK flat for Rs 155: A Chinese shopper has bought a 732 sq ft, two-bedroom apartment for just Rs 155 during the Double 11 shopping festival. The auction attracted 1,677 bidders, while the apartment's estimated market value is Rs 5.6 lakh. The buyer will additionally pay around Rs 28,000 in taxes to complete the ownership transfer.
Japan bond yields decline as investors await 5-year debt auction
Japanese government bond yields declined across maturities on Thursday as investors awaited the five-year bond auction. Markets largely priced in further Bank of Japan rate hikes, potentially nearing their conclusion by June next year. Dovish policymaker Toichiro Asada cautioned against premature tightening, warning of risks to economic growth and inflation.
India bonds to stay hemmed in by oil, Treasury moves ahead of inflation data
Indian government bonds are anticipated to trade between softer oil prices and rising US yields. The market is waiting for domestic inflation data that could influence the Reserve Bank of India's rate strategy. A Reuters poll estimates an increase in annual consumer inflation, potentially leading to further tightening by the RBI. Investors are cautious ahead of a significant bond auction scheduled for Friday.
India to switch bonds worth 250 billion rupees next week
On November 16, the Reserve Bank of India will initiate a significant switch auction worth 250 billion rupees. This maneuver involves replacing six bonds that are set to mature between 2027 and 2029 with longer-term securities extending to maturity in 2062. By doing so, the government seeks to optimize its debt repayment schedule. This follows a similar strategy of bond buyback and issuance enacted in October.
South Korea fines 15 brokerages, banks $1.2 billion for bond auction collusion
South Korea’s Fair Trade Commission fines 15 banks and brokerage firms a combined 1.6 trillion won ($1.2 billion) for colluding in 150 government bond auctions between 2020 and 2023. Institutions allegedly shared confidential bidding information, coordinated yields and volumes, distorted market competition and influenced government bond yields.
Japan bond yields rise as US inflation fuels rate hike bets
Japanese government bond yields climbed for a third straight session, tracking a global debt selloff after stronger US inflation data and hawkish Fed commentary raised expectations of further rate hikes. Investors also assessed the Bank of Japan’s policy outlook ahead of key bond auctions.
mjunction facilitates sale of 3,200 tonnes of onions through NAFED, NCCF auctions
mjunction Services has facilitated the sale of more than 3,200 metric tonnes of onions through digital auctions for government agencies NAFED and NCCF, as the government releases buffer stocks to improve market supplies and contain price increases.
$57.2 billion Treasury cash drain hits Wall Street this week: Why semiconductor stocks and SMH ETF investors face more volatility, with a bigger liquidity test coming in 2027
Upcoming Treasury bill settlements on November 10 and 12 are expected to withdraw $57.2 billion from markets. The VanEck Semiconductor ETF has already experienced a notable decline since October, losing nearly 25 percent of its value. Historical trading data indicates that semiconductor stocks perform better when Treasury bill issuance is lower. A potential easing of liquidity pressure may occur in December due to reduced auction sizes.
Wigmakers have bad hair days as Tirumala tresses get dyed
At Tirumala temple in Andhra Pradesh, the collection of natural black hair has significantly decreased in recent years. This decline is attributed to younger women increasingly coloring their hair instead of donating it. Despite the drop, the overall volume of hair donations remains substantial from temple visitors.
Hardik Pandya to leave Mumbai Indians for Punjab Kings in exchange for Arshdeep Singh ahead of IPL auction
Hardik Pandya will be traded to Punjab Kings in exchange for Arshdeep Singh before the mini-auction. This trade is subject to ratification by the BCCI before becoming official. Hardik, who has faced injuries, will strengthen Punjab Kings' all-round department under Shreyas Iyer's captaincy. Arshdeep has grown as a player during his long tenure with Punjab Kings. Both franchises are preparing for the upcoming IPL season as the auction approaches.
NSE overhauls closing price discovery, changes F&O expiry settlement rules from December 7
The NSE has announced changes to the Closing Auction Session (CAS) in the equity cash segment and trading rules in the equity derivatives segment, effective December 7, 2026. In two circulars issued on November 6.
Nicki Minaj's $20 million Hidden Hills mansion nearly went to auction over a $503,318 debt before her last-minute payment
Nicki Minaj narrowly avoided a forced sale of her $20 million Hidden Hills mansion after paying a $503,318 court judgment on January 22, 2026. The payment came just before a judge was expected to decide whether the California property could be auctioned to recover the money owed to a former security guard.
Centre launches ninth auction tranche for 20 critical mineral blocks, third round of exploration licences
The mines ministry has launched the ninth tranche of auctions for 20 critical and strategic mineral blocks, alongside the third tranche for exploration licence blocks. Of the 100 unique blocks offered in the first eight rounds, 64 have been auctioned. The move aims to strengthen mineral security and attract private exploration investment.
Chennai Super Kings and Sunrisers Hyderabad agree to four-player trade
Chennai Super Kings and Sunrisers Hyderabad have completed a significant four-player trade before the IPL 2027 auction. Liam Livingstone and Jack Edwards will join CSK while Khaleel Ahmed and Nathan Ellis head to SRH. Livingstone joined CSK at a reduced fee, having previously been signed by SRH for a higher amount. Khaleel makes a return to SRH following an impressive IPL 2025 campaign.
Centre, states to discuss mining and coal sector reforms at conference in Goa: Minister
The National Conference on Mining is set to take place in South Goa over two days. The event will involve the Centre and states discussing reforms and challenges in the mining sector. Key agenda items include launching new critical mineral auction tranches and enhancing transparency. Extensive discussions are planned with states to unlock the sector's potential and advance reforms.
US Treasury shifts language, opening door to auction size changes
The US Treasury Department has updated its regulations regarding upcoming auction sizes for treasury securities. This revision hints at a potential increase in the issuance of short- and intermediate-term debt. They also flagged a likely decrease in demand for longer-term 20- and 30-year auctions. Future adjustments will rely on demand trends and financial requirements, with the Treasury planning to consult market participants for a thorough understanding of these changing factors.
Couple spends nearly $55,000 on a $20,000 auction house. 8 months later, they say it’s ‘worth 10 times’ the purchase price
A Michigan couple bought a two-acre house at auction for $20,000 without seeing its interior. After finding six refrigerators filled with food left without power for two years, they spent nearly $35,000 renovating it. Eight months later, the property became a rental that they say is worth 10 times the original purchase price.
Japan bond yields edge higher ahead of key JGB auctions; 10-year yield holds at 2.77%
Japanese government bond yields were mixed on Monday, with the 10-year benchmark holding steady at 2.77%, while the 20-year and 30-year yields rose. Investors assessed global interest rate trends ahead of a series of government debt auctions, including a 10-year bond sale on Thursday, followed by 30-year and five-year auctions later this month.
Tripura inaugurates first tea auction centre to cut costs, boost growers' earnings
Tripura has inaugurated its first tea auction centre in Agartala to improve local tea marketing and reduce expenses. The new facility aims to shorten the time required to sell tea consignments by about 40 percent. Currently, a significant amount of Tripura's tea is sold outside the state, which increases costs for producers. The establishment of the auction centre is expected to facilitate better coordination between sellers and buyers.
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