GOOD EVENING INDIA

June 19, 2018, Tuesday

Your Evening News Updates From Across The Media Space

Closure of Vedanta’s copper operations in India marginally credit negative: Moody’s

Closure of Vedanta’s copper operations in India marginally credit negative: Moody’s

The permanent closure of Vedanta Resources Plc’s copper operations in India is marginally credit negative as it will lower the company’s scale and business diversity, Moody’s Investors Service on Friday said.

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CEO Chanda Kochhar not asked to go on 'indefinite leave', clarifies ICICI Bank

CEO Chanda Kochhar not asked to go on 'indefinite leave', clarifies ICICI Bank

Private sector lender ICICI Bank on Friday morning clarified that Chief Executive Officer (CEO) and Managing Director (MD) Chanda Kochhar has not been asked to go on an 'indefinite leave' , as was reported earlier by some media outlets.

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Going Green: Any individual or firm can now own a solar park in India

Going Green: Any individual or firm can now own a solar park in India

Any individual or company can now own and operate a solar park in India and get government subsidy for it if the entity, person or firm, has land. The government has amended the regulations on solar parks, allowing anyone to set up a mega scale solar power project.

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Hindustan Zinc wins Gold in SEEM National Energy Management Awards 2017

Hindustan Zinc wins Gold in SEEM National Energy Management Awards 2017

Hindustan Zinc’s Captive Power Plant (CPP) at Chanderiya Smelting Complex won Gold award in SEEM National Energy Management Awards (SNEMA) 2017, under the category ‘Industries CPP’.

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Official: 2 more months to restore power in Puerto Rico

Official: 2 more months to restore power in Puerto Rico

It could take up to another two months to fully restore powerin Puerto Rico as crews across the U.S. territory prepare to strengthen its electrical grid amid a new hurricane season, the power company director told The Associated Press on Thursday.

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Mitsui to keep stake in Australia's Kestrel coking coal mine

Mitsui to keep stake in Australia's Kestrel coking coal mine

Mitsui & Co will hold on to its 20 percent stake in the Kestrel coking coal mine in Australia even after the planned sale of Rio Tinto's 80 percent stake in the mine, a spokesman for the Japanese trading house said on Friday.

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China's Hebei to cut over 12 mln T of coal capacity in 2018

China's Hebei to cut over 12 mln T of coal capacity in 2018

China's smog-prone Hebei province plans to phase out 12.17 million tonnes of coal capacity at 22 mines in 2018, accounting for 13 percent of its total capacity, local authorities said in a statement on Friday.

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Thoothukudi Violence: UN Experts Condemn Police Excess That Took 13 Lives

Thoothukudi Violence: UN Experts Condemn Police Excess That Took 13 Lives

Human rights experts from the United Nations have condemned the apparent disproportionate use of force by the police against protesters in Tamil Nadu's Thoothukudi, over health and environmental concerns arising out of the copper smelting plant, which led to the death of 13 people.

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Foreigners dump Indian bonds at record pace as oil prices threaten finances

Foreigners dump Indian bonds at record pace as oil prices threaten finances

Foreign investors are dumping Indian bonds at a record pace as surging oil prices threaten to worsen the nation’s finances, stoke inflation and hurt economic growth.

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Rosneft-owned Essar Oil looks to raise $446m in debt funding

Rosneft-owned Essar Oil looks to raise $446m in debt funding

Russian oil firm Rosneft-owned Essar Oil Ltd (EOL) is planning to raise ₹3,000 crore in debt funding to meet its financial requirements, said two people aware of the company’s plans.

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Now, subsidised LPG cylinder gets costlier by Rs 2 as petrol price rise debate continues

Now, subsidised LPG cylinder gets costlier by Rs 2 as petrol price rise debate continues

Even as the government is working out a solution with the oil marketing companies to announce further reduction in rising diesel and petrol prices, LPG cylinder rates were hiked on Friday. While price of Liquefied Petroleum Gas (LPG) was hiked by Rs 2.34 for subsidised cylinders,

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Delhi HC orders extension of Cairn India contract by 10 yrs on same terms

Delhi HC orders extension of Cairn India contract by 10 yrs on same terms

The Delhi High Court has ordered extension of Cairn India Ltd's Rajasthan oil block contract for 10 years beyond 2020 on old terms and conditions, the company said in a regulatory filing.

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Venezuela stops payment of oil dues to OVL

Venezuela stops payment of oil dues to OVL

Cash-strapped Venezuela has stopped payments of oil dues to ONGC Videsh Ltd(OVL), leading to a USD 450 million pile-up, its MD & CEO Narendra K Verma said.

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Are we facing an oil shock?

Are we facing an oil shock?

If it looks like a duck, swims like a duck, and quacks like a duck, it’s probably a duck. And right now, this duck is looking a lot like an oil shock:

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Here are the 10 new features of the IRCTC new website

Here are the 10 new features of the IRCTC new website

The Indian Railway Catering and Tourism Corporation (IRCTC) revised its official website some time back, after which it added a new User Interface (UI), as stated in a press release issued by PIB (Press Information Bureau). The latest features have been added to the portal to make sure the users have a better experience.

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Indian Railways appoints “Gate-Mitras” with special devices on unmanned railway crossings; here’s why

Indian Railways appoints “Gate-Mitras” with special devices on unmanned railway crossings; here’s why

Indian Railways steps up focus on safety. Soon, at unmanned railway crossings, railway employees, also being called “Gate-Mitras” with dedicated or special phone-like devices will be appointed.

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India was the world's fastest growing economy for first 3 months of 2018, but there’s a catch

India was the world's fastest growing economy for first 3 months of 2018, but there’s a catch

A day after Moody’s downgraded its forecast for India’s growth in the current fiscal year to 7.3% from 7.5%, India’s Ministry of Statistics released its provisional growth estimates for the last quarter of 2017-18. And the results - which were above expectations - caused market prognosticators to rejoice and stock-markets to surge.

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Manufacturing PMI eases in May; RBI may hike rates amid rising inflation

Manufacturing PMI eases in May; RBI may hike rates amid rising inflation

India's manufacturing sector activity eased in May as new work orders rose at a weaker pace, while rising inflationary pressures might prompt the Reserve Bank to hike interest rates, says a monthly survey.

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Maintain cleanliness at railway stations: ADRM

Maintain cleanliness at railway stations: ADRM

The Hubballi division of South Western Railway started a month-long special cleanliness drive from May 25. The main objective of this drive is to bring about visible improvement in cleanliness at railway stations.

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Deccan Queen completes 88 years of service

Deccan Queen completes 88 years of service

Queen of Deccan (Dakkhan ki Rani), the first deluxe train, introduced between two premier cities of Maharashtra Pune and Mumbai on June 1, 1930 , completes 88 years of service on Friday. It was a major landmark in the history of the Great Indian Peninsula Railway, the forerunner of the Indian Railways.

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Railways RPF Recruitment 2018: Online Registration Begins For 9739 Constable, SI Posts

Railways RPF Recruitment 2018: Online Registration Begins For 9739 Constable, SI Posts

Online registration has begun for Indian Railways recruitment under Railway Protection Force (RPF)/ Railway Protection Special Force (RPSF). Online application process for 9739 posts, out of which 4216 are reserved for females, will continue till June 30, 2018.

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India’s 1st Railway University Begins 2018 Admissions: Courses, Eligibility & More!

India’s 1st Railway University Begins 2018 Admissions: Courses, Eligibility & More!

The admissions for seats at the Railway University in Vadodara have begun, and approximately 3,500 applications have already reached the university, according to News18. Classes will begin in August, and if you are interested, be sure to apply before June 30th. The cut-off for the university is 55%, and courses like BBA and BSc are on offer.

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