GOOD AFTERNOON INDIA

December 12, 2018, Wednesday

Your Afternoon News Updates From Across The Media Space 

STORY OF THE DAY 

Major relief or comic relief? Petrol prices cut only by 1 paisa not 59 paisa; check latest prices

Major relief or comic relief? Petrol prices cut only by 1 paisa not 59 paisa; check latest prices

Petrol prices today: The big cut in petrol prices, initially touted as a major relief for the common man, turned out to be a comic relief after after IOC’s website corrected the prices

Read more

ALSO READ

Fuel price revision: IOC clarifies on erroneous price revision, cuts prices by 1 paisa after “glitch”

Fuel price revision: IOC clarifies on erroneous price revision, cuts prices by 1 paisa after “glitch”

Indian Oil Corporation (IOC), the nation’s largest fuel retailer, today committed a faux pas on fuel price revision. The company slashed petrol and diesel prices by 60 paise and 56 paise, respectively, at 6 am in the morning in line with the daily routine of informing price revision, but issued a clarification 5 hours later stating a “technical glitch” had led to erroneous revision.

Read more

Railways rubbishes Kejriwal's claim, says adequate coal supply in Delhi

Railways rubbishes Kejriwal's claim, says adequate coal supply in Delhi

The Railways on Tuesday rubbished Delhi Chief Minister Arvind Kejriwal's claim that the power plants in the national capital were facing a shortage of coal.

Read more

Vedanta To Challenge Closing Down Of Sterlite Copper Smelter: Sources

Vedanta To Challenge Closing Down Of Sterlite Copper Smelter: Sources

Vedanta Resources is working on a legal challenge to the Tamil Nadu government's closure of its Sterlite copper smelter, but it will not proceed until tensions over the deaths of 13 people during protests last week have eased, two sources told Reuters.

Read more

India delays plan to roll out 10,000 electric cars to 2019

India delays plan to roll out 10,000 electric cars to 2019

India has pushed back a deadline to put thousands of battery-driven cars on the road by nearly a year, in a setback to its ambitions of having electric vehicles comprise about a third of its fleet by 2030.

Read more

Farmers won’t be charged for tubewell connections meters

Farmers won’t be charged for tubewell connections meters

Punjab power minister Gurpreet Singh Kangar has assured farmers that they wouldn’t be charged after electricity meters were installed on their agriculture pumpset connections for the tubewells.

Read more

India to face copper supply shock with Sterlite shutdown

India to face copper supply shock with Sterlite shutdown

India faces a copper supply shock after the Tamil Nadu government ordered billionaire Anil Agarwal’s Vedanta Ltd. to shut down a plant permanently, following deadly protests in a move that will slash nationwide output and stoke demand for imports.

Read more

PSUs may soon be able to share infrastructure, training facilities via portal

PSUs may soon be able to share infrastructure, training facilities via portal

Central PSUs may soon be able to share infrastructure, equipment and training facilities among themselves through a portal, for which the government has set up a panel to develop a broad framework within the next three months.

Read more

NHPC earns Rs 2,765 crore profit in FY 2017-18

NHPC earns Rs 2,765 crore profit in FY 2017-18

NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India, has declared its Audited Financial Results for the Financial Year 2017-18.

Read more

Sterlite: Tamil Nadu CM blames DMK for inciting violence

Sterlite: Tamil Nadu CM blames DMK for inciting violence

The violence and police firing in Thoothukudi that claimed 13 lives rocked the Tamil Nadu assembly on Tuesday with Chief Minister K Palaniswami blaming the DMK, and “some anti-social elements” for the violence and maintaining that the subsequent police action was “unavoidable”.

Read more

Wind power helps cut procurement from open market

Wind power helps cut procurement from open market

More electricity being generated from wind energy sources have provided a cushion to the state government, which has been drawing more and more power from the open market to meet rising demand. Power demand in Gujarat reached 16,810MW at 3pm on Tuesday.

Read more

Lack of land title means no payment for solar power producers

Lack of land title means no payment for solar power producers

Solar energy developers have protested to the ministry of new and renewable energy against the Karnataka government for delaying clearance of land acquisition and using that as a reason to deny them payments for power supplied.

Read more

These non solutions: From Tuticorin to Delhi, populist governments sacrifice ease of doing business

These non solutions: From Tuticorin to Delhi, populist governments sacrifice ease of doing business

Let’s call it the Padmavat syndrome: if a militant enough group of protesters can be mobilised to try to ban a film, a factory, a hospital, what have you, then India’s political leadership will speedily set aside its professed desire to improve ease of doing business, and sacrifice it at the altar of ‘popular sentiment’.

Read more

Spring in BHEL’s profitability appears unsustainable

Spring in BHEL’s profitability appears unsustainable

Shares of Bharat Heavy Electricals Ltd (BHEL) rallied over 5% on Tuesday after it surprised the Street by reporting a sharp improvement in profitability for the March quarter (Q4). Its Ebitda (earnings before interest, taxes, depreciation and amortization) margin expanded 5.9 percentage points to 13.8% from a year ago, exceeding single-digit margin estimates of the Street.

Read more

CIL hit by gratuity provision but revenue growth is a bright spot

CIL hit by gratuity provision but revenue growth is a bright spot

At first glance, Coal India Ltd’s (CIL’s) reported March quarter consolidated Ebitda looks miserably low at just Rs196 crore. But employee costs rose a whopping 80% against the year-ago period, which included Rs7,384 crore towards provisions for an increase in the gratuity ceiling. This is one-off in nature. Adjusting for this, earnings are better than expected, say analysts.

Read more

India's maiden Gas Trading Hub to be functional before Dec: PNGRB

India's maiden Gas Trading Hub to be functional before Dec: PNGRB

The Petroleum and Natural Gas Regulatory Board (PNGRB) expects the proposed gas trading hub to be functional by the end of the calendar year and Crisil has been appointed to assist the regulator and the government in framing rules for the exchange.

Read more

Policy on biofuels: Green push?

Policy on biofuels: Green push?

At a time when rising oil prices are putting increasing pressure on the economy, even small steps to encourage the use of biofuels are welcome. The Cabinet this month approved a National Policy on Biofuels

Read more

More than half of Telangana may get PNG and CNG

More than half of Telangana may get PNG and CNG

More than half of Telangana, roughly over 2 crore people, will have access to clean natural gas — piped natural gas (PNG) for cooking and CNG for driving — if everything goes well. As part of the national policy to turn India into a gas-based economy

Read more

City gas distributors’ share in gas consumption on the rise: India Ratings

City gas distributors’ share in gas consumption on the rise: India Ratings

The share of city gas distributors in the overall domestic gas consumption pie is on the rise and is like to increase in the short-to-medium term, research and rating firm India Ratings said today in a report.

Read more

Oil prices mixed amid worries over growing supplies

Oil prices mixed amid worries over growing supplies

Oil prices were mixed in early Asian trade on Wednesday, with worries that Saudi Arabia and Russia will pump more crude weighing on the market.

Read more

Sebi to vet petrol & diesel futures contracts launch

Sebi to vet petrol & diesel futures contracts launch

The Securities and Exchange Board of India (Sebi) would examine the specifications on the proposed contracts for futures trades in primary motor fuels after New Delhi gave its in-principle approval to the launch of derivatives instruments in diesel and petrol trading.

Read more

BPCL fourth quarter net profit up 45 per cent at Rs 2,674 cr

BPCL fourth quarter net profit up 45 per cent at Rs 2,674 cr

Bharat Petroleum Corp (BPCL), the nation’s second-largest fuel retailer, today posted a 45 per cent jump in net profit for the quarter ended March 2018 at Rs 2,674 crore on a standalone basis as compared to Rs 1,842 crore reported for the same quarter previous fiscal.

Read more

Auto fuels under GST: Why there’s a case for it, and one for caution, too

Auto fuels under GST: Why there’s a case for it, and one for caution, too

With the prices of automobile fuels surging, Minister for Petroleum and Natural Gas Dharmendra Pradhan said in Bhubaneswar Monday that bringing petroleum products under the ambit of the Goods and Service Tax (GST) was being considered by the government as part of a “holistic strategy” to address the issue.

Read more

Oilex tells GSPC to pay up Cambay basin dues in 60 days, warns of takeover

Oilex tells GSPC to pay up Cambay basin dues in 60 days, warns of takeover

Australia-based Oilex Ltd has warned Gujarat State Petroleum Corporation Ltd (GSPC) that it will take over its share in the Cambay basin block in Gujarat if the Indian explorer fails to pay its dues to meet exploration commitments in the block.

Read more

NTPC tripped by fuel availability curbs

NTPC tripped by fuel availability curbs

NTPC Ltd’s double-digit growth in revenue and profit for the March quarter (Q4) may have been impressive but investors were not enthused. Its shares gained after the Q4 results announcement on Monday but declined on Tuesday.

Read more

Oil and Gas Trends 2018-19

Oil and Gas Trends 2018-19

After several years of oversupply, the oil and gas industry could very well be moving headlong into a supply crunch. This may seem hard to imagine, given the ramping up of U.S. oil production and the burgeoning sense of optimism that is sweeping the sector.

Read more

Petrol, diesel prices in India today: Major relief as fuel rates slashed; check rate chart

Petrol, diesel prices in India today: Major relief as fuel rates slashed; check rate chart

In a much needed relief for people across the country, petrol prices were slashed by 59 paise in Mumbai and 60 paise in Delhi today, according to ANI report. Meanwhile, Diesel prices went down by 59 paise in Mumbai and 56 paise in the national capital.

Read more

New IRCTC website review: Better fonts, easier to book tickets and a step in right direction

New IRCTC website review: Better fonts, easier to book tickets and a step in right direction

Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday revamped its e-ticketing web portal adding a brand new user interface (UI) and a host of new features to its platform.

Read more

Centre Plans Connectivity Push On China Border

Centre Plans Connectivity Push On China Border

The ‘invasion’ of Chinese radio channels has made the Centre plan installation of optical fibre cables (OFC) in areas bordering China.

Read more

Why Indian Railways passengers will have to bear train delays for another 6-8 months

Why Indian Railways passengers will have to bear train delays for another 6-8 months

The railways today said passengers will have to bear with train delays for at least six to eight months more, even if the ongoing maintenance and repair works go as per schedule.

Read more

Soon, take a ferry ride on Yamuna

Soon, take a ferry ride on Yamuna

A pilot ferry service in Yamuna will start after the monsoon and regular services are set to begin by this year end. Though it will be limited to only a few kilometres stretch from Tronica City in Ghaziabad to Sonia Vihar in Delhi, this service is likely to emerge as a major tourist attraction.

Read more

Driver's quick thinking prevents train tragedy

Driver's quick thinking prevents train tragedy

This is something unheard of in the Indian railways. A wheel of a moving train broke into two pieces; however, a tragedy was averted as driver of the train safely brought it to a halt.

Read more

YESTERDAY'S HEADLINES

https://goo.gl/RHLfhA

Warm Regards,

Team EnergyInfraPost.com
Twitter:@energyinfrapos1
www.energyinfrapost.com
Contact Us: energyinfrapost@gmail.com
And anupama.airy@gmail.com
(Or Call Us At 9810661825)

2016 EnergyInfraPost.com | Contact Us 
B 306, First Floor, Saraswati Vihar, Pitampura, New Delhi