GOOD EVENING INDIA

December 10, 2018, Monday

Your Evening News Updates From Across The Media Space

Yes Bank recovers Rs 184 cr from Bhushan Steel resolution

Yes Bank recovers Rs 184 cr from Bhushan Steel resolution

Midsize private sector lender Yes Bank today said it has recovered Rs 184 crore through the sale of the bankrupt Bhushan Steel to Tata Steel and it will result in a provision write-back of Rs 36 crore.

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UK's Vedanta Resources working with regulators to restart Indian copper smelter

UK's Vedanta Resources working with regulators to restart Indian copper smelter

British mining and energy conglomerate Vedanta Resources Plc reported better-than-expected growth in full-year core profit and revenue on Wednesday, driven by stronger commodity prices.

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There could be a slowdown in solar sector over 6-9 months: Anurag Garg, Schneider Electric

There could be a slowdown in solar sector over 6-9 months: Anurag Garg, Schneider Electric

Global energy management and automation giant Schneider Electric considers high energy demand and policy focus on clean energy as two major growth drivers for India renewable energy sector. In an exclusive interview with ETEnergyWorld,

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Suzlon in talks to sell 300 MW of wind power assets

Suzlon in talks to sell 300 MW of wind power assets

Suzlon Energy Ltd, which is exploring the sale of 300 megawatts (MW) of wind power assets, has hired an investment bank to manage the process, said two people aware of the development.

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Iran ready to return to pre-nuke deal era: IAEA chief Ali Akbar Salehi

Iran ready to return to pre-nuke deal era: IAEA chief Ali Akbar Salehi

The head of Iran's Atomic Energy Agency (IAEA), Ali Akbar Salehi said Iran is ready to return to the pre-nuclear deal era.

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SREI may write off Rs 360 crore as debtor firms Confident Solar, Resurgent enter liquidation

SREI may write off Rs 360 crore as debtor firms Confident Solar, Resurgent enter liquidation

SREI Infrastructure Finance faces write-off of nearly Rs 360 crore as two debtor companies enter liquidation and a third approaches the end of resolution time.

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How Chandigarh is gearing up to harnessing power from the sun

How Chandigarh is gearing up to harnessing power from the sun

As Chandigarh Was Selected To Be Developed As A ‘Model Solar City’, The UT Administration Is Giving Solar Power A Push. TOI Looks At The Procedure, Price And Benefits Of The Solar Rooftop System.

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India Inc foreign borrowing jumps over 2-fold to $3.92 bn in April

India Inc foreign borrowing jumps over 2-fold to $3.92 bn in April

India Inc raised USD 3.92 billion from overseas markets in the first month of the current financial year, up more than two-times from a year-ago period.

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Over 39 lakh jobs created in 7 months till March: EPFO data

Over 39 lakh jobs created in 7 months till March: EPFO data

As many as 39.36 lakh new jobs were created during 7-month period ending March this year, as per the latest retirement fund body EPFO's payroll data.

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CERC readying paper on power tariff norms for 2019-24

CERC readying paper on power tariff norms for 2019-24

The Central Electricity Regulatory Commission (CERC) will kick-start in the next 10 days the process of setting tariff regulations for the next five years of tariff control period, starting 2019, said its chairperson PK Pujari.

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BP invests in Israeli fast-charge battery company

BP invests in Israeli fast-charge battery company

Oil major BP said on Tuesday its venture capital fund invested $20 million in Israeli firm StoreDot, which developed a battery system that could potentially charge an electric car in the amount of time it takes to fill a gas tank.

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Pollution kills 4,000 every year in Lucknow

Pollution kills 4,000 every year in Lucknow

Lucknow has recorded the second highest number of premature deaths due to pollution-related diseases among 11 north Indian cities assessed.

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Petrol price can be cut by Rs 25 per litre: Chidambaram

Petrol price can be cut by Rs 25 per litre: Chidambaram

Congress leader and former Union Finance Minister P. Chidambaram on Wednesday criticised the Centre for the fuel price hike and claimed that the rate can be reduced by Rs 25 per litre but the government is not doing it.

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India does not agree with US on Iran deal: CRS Report

India does not agree with US on Iran deal: CRS Report

The degree to which India and the Indian firms will cooperate with the Trump administration's reimposed sanctions on Iran is not certain, a Congressional report has said, asserting that New Delhi does not agree with the US that the Tehran has violated the nuclear deal.

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Australia's Santos rejects Harbour Energy's $10.9 bn takeover bid

Australia's Santos rejects Harbour Energy's $10.9 bn takeover bid

Australian energy giant Santos has rejected a US$10.9 billion takeover bid by US private investment firm Harbour Energy as too low and high risk, terminating all discussions.

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BP to cut 3 percent of upstream jobs by year-end

BP to cut 3 percent of upstream jobs by year-end

British oil giant BP Plc said it plans to cut 3 percent of jobs in exploration and production, as part of a restructuring of its global upstream business to make the division more efficient and competitive.

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Mexico's Vista Oil & Gas inks onshore joint venture with Jaguar

Mexico's Vista Oil & Gas inks onshore joint venture with Jaguar

Mexican energy investment firm Vista Oil & Gas will tie up with Jaguar Exploracion y Produccion on three onshore projects, the company said on Tuesday, acquiring 50 percent stakes with an initial payment of nearly $27.5 million.

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Oil dips after rally, Opec may ease supply curbs

Oil dips after rally, Opec may ease supply curbs

Oil prices edged lower on Wednesday as the market took a breather on expectations Opec may raise supplies as early as June, although geopolitical risks kept a floor under the market.

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Civil Aviation Ministry to urge Finance Ministry to bring ATF under GST

Civil Aviation Ministry to urge Finance Ministry to bring ATF under GST

To contain the rise in jet fuel prices and its cascading impact on air ticket prices, Civil Aviation Ministry will urge the Finance Ministry to bring the particular fuel type under the ambit of GST.

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Nagpur -Mumbai E way : L&T, Reliance among 18 qualified bidders

Nagpur -Mumbai E way : L&T, Reliance among 18 qualified bidders

In a bid to secure contract for the Chief Minister’s ambitious Nagpur-Mumbai Super Communication Expressway (NMSCE), as many as eighteen highway builders, who participated for the technical financial bid for the 700-kilometre project, have qualified. Sources added, with this selection, bids for 13 out of the 16 packages of the project has been completed.

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Love to travel by Indian Railways, but hate the food? Check out what irctc.co.in has rolled out now

Love to travel by Indian Railways, but hate the food? Check out what irctc.co.in has rolled out now

Indian Railways is an experience that most every citizen has gone through at some time or the other. The journey is magnificent as the trains pass through some spectacular regions - a travellers' delight. However, one thing that has always been a negative is the food available.

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Railways Must Pay Damages for Letting a Beggar Enter, Theft: National Consumer Commission

Railways Must Pay Damages for Letting a Beggar Enter, Theft: National Consumer Commission

Letting a beggar enter a reserved compartment amounts to gross negligence and railways must pay up for any loss to a passenger due to mishaps, the National Consumer Commission has held.

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Agartala-Bengaluru Humsafar Express Becomes Bi-Weekly, Rajdhani Next

Agartala-Bengaluru Humsafar Express Becomes Bi-Weekly, Rajdhani Next

After flagging off bi-weekly Humsafar Express in Agartala that connects Bengaluru, Tripura Chief Minister Biplab Kumar Deb said, Rajdhani Express will also start bi-weekly operations from the city soon.

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Indian Railways eyes this novel scheme for big booster shot to revenues

Indian Railways eyes this novel scheme for big booster shot to revenues

At a time when its monthly incomes are faltering, Indian Railways has come up with a novel scheme to boost its revenues. Indian Railways has decided on a strategy to raise its cash flows by at least Rs 1,000 crore from each of its large customers

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E-catering starts at 23 major Western Railway stations

E-catering starts at 23 major Western Railway stations

Western Railway (WR) on Tuesday launched the e-catering facility at 23 major stations on its network enabling passengers to order food of their choice from a wide range of restaurants and food chains while on move. “Our passengers can avail IRCTC’s e-catering services at 23 major stations of WR.

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Railways may put Rs 1k crore into 11 new Rail Neer bottling units

Railways may put Rs 1k crore into 11 new Rail Neer bottling units

Indian Railways plans to pump in Rs 1,000 crore to more than double the capacity of its bottled water brand Rail Neer to cater to rising demand across the country.

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