GOOD EVENING INDIA

August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space

STORY OF THE DAY

Six reasons why Electric Vehicles on roads will triple in next 2 years

Six reasons why Electric Vehicles on roads will triple in next 2 years

The huge paradigm shift towards electric vehicles is very evident, the buyers perspective globally towards driving an electric vehicle is changing and the users are now very accepting of EVs.

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MUST READ

Centre trying to resolve fuel price hike distress: Rajnath Singh

Centre trying to resolve fuel price hike distress: Rajnath Singh

Amid skyrocketing prices of petrol and diesel across the country, Home Minister Rajnath Singh on Thursday claimed that the government is trying to solve the distress caused due to the same.

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In Tuticorin, False Propaganda Dominated Over Truth: Sterlite Copper CEO

In Tuticorin, False Propaganda Dominated Over Truth: Sterlite Copper CEO

Amidst death of 13 people and Tamil Nadu government's order shutting down of the 22-year old plant, P. Ramnath, CEO of Sterlite Copper says that "false propaganda dominated over the truth about the company".

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M&M signs two MoUs with Maharashtra government for 1000 EVs

M&M signs two MoUs with Maharashtra government for 1000 EVs

Mahindra & Mahindra, a leader in the nascent electric vehicle market in India signed two different Memorandum of Understanding with the Government of Maharashtra (GoM)

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Vedanta's copper smelter plant closure won't 'materially affect' cash flow, says S&P

Vedanta's copper smelter plant closure won't 'materially affect' cash flow, says S&P

The closure of Vedanta Resources PLC's Indian copper smelter is marginally negative for the company and will not materially affect its cash flows, S&P Global Ratings said today.

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Tata Motors to deploy 1000 electric vehicles in Maharashtra: Flags off electric Tata Tigor in Mumbai

Tata Motors to deploy 1000 electric vehicles in Maharashtra: Flags off electric Tata Tigor in Mumbai

Tata Motors and the State Government of Maharashtra has signed a MoU to deploy 1000 electric vehicles in the state. Tata Motors will provide both passenger and commercial EVs in the state and will also facilitate setting up of EV Charging Stations in the State.

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Tata Motors signs MoU with Maha govt to promote e-mobility

Tata Motors signs MoU with Maha govt to promote e-mobility

Tata Motors, India's largest automobile company by revenues on Thursday signed a Memorandum of Understanding (MoU) with the State Government of Maharashtra for deployment of 1000 electric vehicles (EV) across its range of passenger and commercial vehicles in the State.

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Ideas for Profit: Coal India's Q4 earnings ignite new hope

Ideas for Profit: Coal India's Q4 earnings ignite new hope

After a long time, Coal India (CIL) has reported a decent set of numbers. It posted a 7 percent year-on-year growth in coal offtake and spurt in realisations that led to 10 percent YoY growth in sales during FY18.

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Weak rupee, rising gas cost to up urea subsidy deficit: Report

Weak rupee, rising gas cost to up urea subsidy deficit: Report

Depreciation of rupee and rising gas costs is likely to increase the urea subsidy shortfall to Rs 9,000 crore this financial year, a report by ICRA said.

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IOC most profitable PSU for 2nd year in a row

IOC most profitable PSU for 2nd year in a row

Fuel retailer IOC has for the second year in a row beaten ONGC to become India's most profitable state-owned company, raising questions over calls for the explorer to subsidise retailers amid soaring petrol and diesel rates.

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India’s Growth Rebound Hindered By Rising Oil Prices, Weak Rupee, Bad Loans

India’s Growth Rebound Hindered By Rising Oil Prices, Weak Rupee, Bad Loans

India is rebounding from an economic slowdown, with growth seen at more than 7%, only to find itself ensnared by the volatility engulfing emerging markets.

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Previous govts gave LPG connections to 13 cr families in 67 years, Modi regime will do it in 5: Pradhan

Previous govts gave LPG connections to 13 cr families in 67 years, Modi regime will do it in 5: Pradhan

To celebrate the completion of four years in office, the Bharatiya Janata Party-led government took out rallies to present their report card. One such rally was of Prime Minister Narendra Modi in Odisha where he mentioned the progress of Pradhan Mantri Ujjwala Yojana under which he said 10 crore LPG (liquefied petroleum gas) connections

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Oil price clips aviation industry’s wings; IATA says airlines may not meet December profit forecast

Oil price clips aviation industry’s wings; IATA says airlines may not meet December profit forecast

Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday.

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Will crude oil price be Narendra Modi’s best friend again ahead of 2019 polls?

Will crude oil price be Narendra Modi’s best friend again ahead of 2019 polls?

In 2014, when Narendra Modi was elected for the Prime Minister’s Office, not only did he get a thumping majority but a little bit of good luck too — crude oil price, which was on a downward streak.

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Here's how much petrol, diesel cost in your city today

Here's how much petrol, diesel cost in your city today

After Wednesday's faux pas by Indian Oil, its website on Thursday showed that the prices of petrol and diesel reduced by by 7 paise and 5 paise per litre respectively. With the new change, petrol in New Delhi is retailing at Rs 78.35 a litre and Diesel 69.25 per litre.

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Petrol, diesel price: A typo that could have cost Rs 18 crore a day

Petrol, diesel price: A typo that could have cost Rs 18 crore a day

On Wednesday, a faux pas by the Indian Oil Corporation (IOC) led to an embarrassment of sorts after a 'technical glitch' on its website wrongly notified that petrol and diesel prices have been cut by 60 paise and 59 paise respectively, before it was found out that the reduction actually was of 1 paise per litre on both the petro products.

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GAIL (India) Ltd is up for a fifth straight session in a row

GAIL (India) Ltd is up for a fifth straight session in a row

The stock is quoting at Rs 349.15, up 1.78% on the day as on 12:54 IST on the NSE. GAIL (India) Ltd is up 13.45% in last one year as compared to a 10.85% spurt in NIFTY and a 14.5% spurt in the Nifty Energy.

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Modi’s flagship village upliftment plan gets a whopping $500 million boost from World Bank

Modi’s flagship village upliftment plan gets a whopping $500 million boost from World Bank

The Narendra Modi government and the World Bank on Thursday signed a signed a $500 million (Rs 3,375 crore) loan agreement to provide additional funding to flagship Pradhan Mantri Gram Sadak Yojana, which aims to provide good all-weather road connectivity to unconnected villages.

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This monsoon, Mumbai railway stations to get rainfall predicting radars from IMD

This monsoon, Mumbai railway stations to get rainfall predicting radars from IMD

In order to prevent waterlogging on railways tracks, Piyush Goyal-led Indian Railways along with the Indian Meteorological Department (IMD) have recently decided to install radars that predict rainfall.

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Central Railway gears up for Monsoon in Mumbai – Deploys more staff on 13-FOBs to avoid Stampede

Central Railway gears up for Monsoon in Mumbai – Deploys more staff on 13-FOBs to avoid Stampede

The central railway of Mumbai has decided to depute extra staff to avoid any untoward situations like stampede on busy railway foot over bridges, especially when the monsoons are ahead.

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Indian Railways aims 2 billion tonnes in freight movement in next five years

Indian Railways aims 2 billion tonnes in freight movement in next five years

The railways is eyeing two billion tonnes in freight movement on the back of coal loading, in the next five years, thus joining the elite club of Chinese, Russian and USA railways, a senior official said today.

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Indian Railways Offers To Provide 4G Handsets To All Employees, Staff Says 'No Thanks'

Indian Railways Offers To Provide 4G Handsets To All Employees, Staff Says 'No Thanks'

The Indian Railways plans to distribute 4G connections along-with handsets to all of the 13.5 lakh employees on rolls, but the staff of the Colonial-era transporter is not interested in having these.

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Indian Railways eyes 2 billion tonnes in freight movement by 2023-24

Indian Railways eyes 2 billion tonnes in freight movement by 2023-24

The railways is eyeing two billion tonnes in freight movement on the back of coal loading, in the next five years, thus joining the elite club of Chinese, Russian and USA railways, a senior official said today.

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