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The New Indian Express
(Wednesday, February 7, 2001)
Lotus Beacon Award for Auctionindia.com


Telegraph

(Monday, April 16, 2001)
..............." The best thing about on-line auctions is their transparency, which prevents cartelisation and leaves little scope for kickbacks in big deals," says CESC vice-president Shantani Bhattacharya. ...........Clients of Auctionindia, a part of the Rs.7000 crore TVS Group include Tisco, Tinplate, Hindustan Motors, Birla Periclase, Ashok Leyland, Rane, Voltas , India Piston, L&T, TVS, Tube Products and public sector majors like BHEL and HMT...............

 
The Hindu
(Thursday, February 22, 2001)
TVS Finance buys out auctionindia.com


Business Standard
(Thursday, February 8,2001)
Auctionindia.com targets Rs. 100 Cr revenue

 
The Hindu
(Wednesday, February 7, 2001)
AuctionIndia.com wins award


The Financial Express
(Wednesday, February 7, 2001)
Auctionindia targets Rs 100 cr revenue


The Economic Times
(Wednesday, February 7, 2001)
Auctionindia bucks trend despite failing dotcom syndrome


The New Indian Express
(Wednesday, February 7, 2001)
Lotus Beacon Award for Auctionindia.com


The Hindu
(Thursday, November 30, 2000)
AuctionIndia signs up with Tube Products

 
The Hindu
(Friday, September 01, 2000)
In September 1999, Chennai - based Cyber Commerce Private Limited, an associate of Cybernet Software Systems, Inc. USA, launched a website that forever changed the way industrial products were bought and sold.

 
The Hindu
(Friday, September 01, 2000)
In September 1999, Chennai - based Cyber Commerce Private Limited, an associate of Cybernet Software Systems, Inc. USA, launched a website that forever changed the way industrial products were bought and sold.


Digital Age
(Saturday, July 08, 2000)
AuctionIndia (an auction site of Cyber Commerce), a portal that brings together buyers and sellers of industrial assets, is setting up a network of 40 business partners in India.


The Hindu
(Tuesday, June 13,2000)
AuctionIndia ties up with AFL...


Business Standard
(Friday, June 09,2000)
AuctionIndia breaks Rs 1-cr mark in sealing deals in 3 mths... The dotcom recently concluded for BHEL, what it claims to be the single largest Net deal in the country, a transaction of 27 lakh.

 
Business Standard
(Friday, June 09, 2000)
AuctionIndia woos FIs, banks to sell NPAs... The business-to-business (B2B) portal, specialising in auctions and sale of industrial machinery and plants, is in talks with a couple of term-lending institutions and state run banks for helping them auction assets under their control.


The DQ Week Madras
(Saturday, June 10, 2000)
AuctionIndia enters auction hosting business... Autopartsasia, a Chennai based vertical portal has already tied up with AuctionIndia for conducting auctions on their site.

 
Business India
(November 15-28, 1999)
The all-Indian e-auction. "There are several advantages,"….. "A prospective seller can provide only limited information in a print advertisement, unlike in an Internet auction. The website, with a proper database, can cut down the transaction time by providing answers to queries simultaneously." "It was really simple," says K. Raghavendran of Venu Engineering services. "I recently bought a grinding machine from Bangalore at a reasonable price. The main reason I could see was the ease in identifying the machine I wanted and the choice in pricing. Of course, I did not need to interact with any brokers in between."


Business Today
(Tuesday, December 7, 1999)
E-auctions - CEO Karunakaran is innovating to build on the first mover advantage. At this online meeting, buyers can find sellers and vice-versa-for products like a hydraulic moulding press, an automatic lathe, a vegetable oil refinery, a clutch of auto ancillary units, and a panoply of industrial sheds all over the country. Registration to enter the restricted area is free, and the process is user-friendly. The company vets the item up for sale, and handles the publicity of the auction through traditional media and mailers. To start with, the online site tries to effect a negotiated sale between the buyer and the seller through direct contact. Or, prequalified buyers are given passwords to participate in the auction, which follows a Dutch Auctioning model where bids and offers are controlled by the site, and also proxy bidding facilities.

 
The Hindu
(Friday, June 02, 2000)
AuctionIndia, a B2B auction site, enables companies to focus on their core business activities while outsourcing their auction and other related activities.

 
The New Indian Express
(Saturday, May 27, 2000)
AuctionIndia gets into auction hosting...

 
The New Indian Express
(Sunday, April 30, 2000)
Bidding virtually - "Sites like auctionindia.com provide an entire gamut of services from marketing the product to ensuring delivery…."

 
Business World
(Saturday, March 6, 2000)
And now B2B fever - "Karunakaran says that its major strength is in 'investment asset recovery' -- helping clients hawk big-ticket assets lying idle, like entire plants. His clients include Ashok Leyland, Blue Star, India Pistons, TI Diamond Chain and BHEL. At the moment, AuctionIndia has items like general engineering and hydraulic machinery, cam grinders, lathes, and drills listed for auction…."

 
The Hindu Business Line
(Monday, April 10,2000)
"....auctionindia.com, a process industry capital equipment auction site, has been steadily generating revenues during the 10 months of its existence…"

 
Business India
(November 29 - December 12, 1999)
India's e-bay - "Business-to business e-commerce in India has a new window now, www.auctionindia.com…."

 
PC World
(November 1999)
Auction Online - "The site provides an exhaustive list of information conveniently indexed and categorized…"

 
The Financial Express
(Wednesday, Oct 20, 1999)
FIs to resort to Net auctions for better deals - "With the growing interest of these institutions in the area of net advertising, Chennai based Cyber Commerce Private Limited, the developers of the Indian auction site - auctionindia.com have drafted a negotiated sale model encompassing advertising in the media of print and Internet for sale of their assets…"

 
Business Today
(October 7 -21, 1999)
e-India's e-Biz models - "The business model is based on direct commissions, earned by bringing together the buyer and the seller and thus serving any information need…"

 
Express Business Avenues
(Wednesday, Aug 25 1999)
Cybernet launches country's first site for auction of assets - "The website seeks to bridge the gap that occurs today whenever any business group wishes to sell its surplus or used machinery or any other kind of asset. The exposure is limited to press or journal advertising, physical auctions or local brokered deals, none of which fetch the desired realisation, as information is hardly conveyed to the most fruitful targets. The website ensures efficient communication between the holder of an investment asset and its most suited user"

 
Express Computer
(Monday, Aug 23, 1999)
Cyber Commerce unveils site for auction of industrial assets - "The site currently offers a free listing of industrial assets to buyers and sellers alike, which customers can avail of these services via computers, fax or any other mode of electronic communication…"

 
Cyber News Service
(Saturday, August 14, 1999)
Bid for machinery on the Net - "AuctionIndia seeks to bridge that gap by ensuring efficient communication between the holder of an investment asset and its most suited future users. C E Karunakaran, Co-promoter said, "within few weeks of starting, the site has listed more than 500 machines and dozens of total manufacturing lines and businesses; several buyer-seller interactions are taking place…"

 
The Hindu
(Thursday, August 12, 1999)
Web-site for auction of machinery - "Mr. Shiv Kumar, Vice-President and Co-founder, Cybernet said such online auctions offered the advantage of flexibility and convenience to bidders… "

 
The New Indian Express
(Thursday, August 12, 1999)
Website for machinery on sale. It allows free listing of buyers and sellers. The site also provides free access to review offers listed and make a choice...

 
The Economic Times
(Thursday, August 12, 1999)
Cyber Com launches India's first auction site - "The site caters to all industries and offers two methods of sale to the users - a negotiated sale between the parties and an auction sale. The site uses a software developed by its associate, Cybernet Software Systems, which is used by Internet Auctioneers International Inc.,USA to auction off used laboratory equipment…."

 
The Hindu Business Line
(Thursday, August 12, 1999)
Cyber Commerce launches auction site for industrial assets - "According to Mr. C.E. Karunakaran, Co-promoter of Cyber Commerce, the auction will be kept open on the site for a few days, during which bidders can visit the site and place their bids competitively. The bid history and the current highest bid will always be seen on the screen. The software also allows bidders to bid up to a pre-determined value. Mr. Shiv Kumar said that a lot of foreign venture capitalists had expressed keen interest in funding the growth of Cyber Commerce. "


 
The Financial Express
(Wednesday, August 11, 1999 )
Cyber Commerce launches India's first auction website... - "Chennai-based Cyber Commerce Pvt. Ltd., has launched India's first website for auction and sale of industrial assets such as plants and machinery, total factories and businesses. The company has expertise in auctioning through the Web, having developed similar products for Internet Auctioneers International Inc. and one product for IBM……. Cyber Commerce has tied up with ITCOT for the southern regions to act as the appraisal agency. ITCOT can, upon request of the buyer, inspect the goods physically and come out with an independent evaluation, which could help the buyer negotiate a better deal. The report will remain confidential with the buyer…."






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