GOOD EVENING INDIA

September 19, 2018, Wednesday

Your Evening News Updates From Across The Media Space

STORY OF THE DAY

Saudi ARAMCO and ADNOC sign MoU for greenfield Ratnagiri Refinery cum petchem project

Saudi ARAMCO and ADNOC sign MoU for greenfield Ratnagiri Refinery cum petchem project

Saudi Aramco and ADNOC on Monday signed an MoU today to jointly develop and build an integrated refinery and petrochemicals complex at Ratnagiri in Maharashtra.

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MUST READ

Tata Sons’ Chandrasekaran to present 5-year Vision Plan tomorrow

Tata Sons’ Chandrasekaran to present 5-year Vision Plan tomorrow

Tata Sons chairman N Chandrasekaran will present his five-year vision plan for the group’s larger listed companies, updates of various mergers and acquisitions, and progress on the creation of different business verticals at a two-day board meeting starting Tuesday in London.

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Power discom BYPL signs MoU with Finnish company for collaboration in energy sector

Power discom BYPL signs MoU with Finnish company for collaboration in energy sector

Power distribution company BYPL has signed a memorandum of understanding (MoU) with Business Finland, a Finnish government agency, for collaborative activities in different areas, including energy efficiency and electric vehicles.

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CIL may offer 30 million tonnes of thermal and coking coal for non-power sector

CIL may offer 30 million tonnes of thermal and coking coal for non-power sector

Coal India plans to offer a mix of 30 million tonnes of thermal and coking coal at its recently announced fourth tranche of long-term supply contract for the non-power sector.

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Abandoned power plant a $38 billion warning sign for Indian banks

Abandoned power plant a $38 billion warning sign for Indian banks

Deep in the jungles of eastern India lies an abandoned power plant, a warning symbol for the $38 billion of additional bad loans which are about to engulf the country’s banks.

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India speeds up environmental approvals in industry, alarms activists

India speeds up environmental approvals in industry, alarms activists

India is fast-tracking environmental clearances for projects like power plants and coal mines in a bid to propel growth, setting off alarm bells among environmentalists and affected residents who say the decisions are being made too quickly.

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At 72% Last Year, Solar Energy Grew Fastest Ever In India, But Coal Still Continues To Choke Us

At 72% Last Year, Solar Energy Grew Fastest Ever In India, But Coal Still Continues To Choke Us

India is one of the biggest adopters of solar power, with growth in solar power rising to four times to what it was just four years ago.

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Indian solar power companies fear being eclipsed by foreign biggies

Indian solar power companies fear being eclipsed by foreign biggies

Foreign firms will bag major upcoming contracts for solar energy projects, leaving local companies in the lurch because of the terms and conditions of the upcoming auctions, Indian developers including the Adani and Hero groups have complained.

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Centre plans 25 per cent greenhouse gas emission cut by 2020: Minister

Centre plans 25 per cent greenhouse gas emission cut by 2020: Minister

Emission of greenhouse gases that lead to global warming and climate change would be reduced by 20-25% in India by 2020 and 33-35% by 2030, Union minister for environment, forest and climate change Harsh Vardhan said.

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Bihar planning to have 2,000 MW solar power by 2022: Deputy CM

Bihar planning to have 2,000 MW solar power by 2022: Deputy CM

Deputy CM Sushil Kumar Modi said on Sunday the power plants at Pirpainti in Bhagalpur and Kajra in Lakhisarai, which were initially proposed to be coal-based thermal power plants, would now be solar power plants.

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NRI couple set out to light up villages with solar power

NRI couple set out to light up villages with solar power

In a noble gesture, an NRI couple intent on serving society has set up a charitable trust aimed at providing solar power solutions to villages in and around Karaikudi, which is the bastion of the Nagarathar community.

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Navayuga, Sikkim Power bid for Arunachal Pradesh’s stressed power project

Navayuga, Sikkim Power bid for Arunachal Pradesh’s stressed power project

Krishnapatnam port operator Navayuga Engineering and state-run Sikkim Power Investment Corporation have submitted binding bids for the Rs 15,000-crore planned hydro power project in Arunachal Pradesh that is undergoing insolvency proceedings.

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OPINION: The power of cool - Going beyond 24° celsius

OPINION: The power of cool - Going beyond 24° celsius

The government has advised manufacturers of air conditioners to set the default temperature on their machines at 24° C. India is projected to have an air conditioning load of at least 200 gigawatts by 2030. Therefore, an initiative to rein in the energy spent on cooling makes eminent sense.

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GE nearing deal to sell industrial engines unit to Advent - WSJ

GE nearing deal to sell industrial engines unit to Advent - WSJ

General Electric Co is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter.

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Saudi Aramco eyes presence in India's entire energy sector, says CEO

Saudi Aramco eyes presence in India's entire energy sector, says CEO

Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire "value chain" of India's energy sector, its Chief Executive Officer Amin Nasser said on Monday in New Delhi.

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Bringing petrol and diesel under GST impractical: NITI Aayog Vice Chairman

Bringing petrol and diesel under GST impractical: NITI Aayog Vice Chairman

Petroleum is the taxation milch cow for the central and the state governments and it is unlikely to be brought under the Goods and Services Tax (GST) any time soon.

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Pradhan to meet Uddhav Thackeray to address concerns on mega-Ratnagiri refinery

Pradhan to meet Uddhav Thackeray to address concerns on mega-Ratnagiri refinery

Oil Minister Dharmendra Pradhan today said the government and the Oil Marketing Companies are trying to address the concerns surrounding the proposed mega 60 Million Tonne per Annum refinery in Ratnagiri district and he will meet Shiv Sena chief Uddav Thackeray to discuss the concerns of protesters.

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OPEC decision a positive for consuming country like India: Pradhan

OPEC decision a positive for consuming country like India: Pradhan

Oil Minister Dharmendra Pradhan today said the latest decision by Organization of Petroleum Exporting Countries (OPEC) to increase production is positive for consuming country like India and shows that OPEC has listened to the concerns of the market.

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Govt may award contracts for first OALP oil and gas field auction in July

Govt may award contracts for first OALP oil and gas field auction in July

The government is likely to award contracts for the first round of oil and gas auctions under its Open Acreage Licensing Policy (OALP) in the first week of July.

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Petrol, Diesel Prices Dropped Again Across Cities. Check Revised Fuel Rates Here

Petrol, Diesel Prices Dropped Again Across Cities. Check Revised Fuel Rates Here

For the fifth consecutive day, oil marketing companies (OMCs) cut petrol prices on Monday. According to the rate chart, petrol price in Delhi today is at Rs. 75.69 per litre.

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Crude oil futures down 0.37 pc on weak Asian trend

Crude oil futures down 0.37 pc on weak Asian trend

Crude oil futures eased 0.37 per cent to Rs 4,591 per barrel today as speculators reduced their positions amid a weakening trend in Asian markets.

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Brent oil prices drop 2 percent as traders expect output rise after OPEC deal

Brent oil prices drop 2 percent as traders expect output rise after OPEC deal

Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.

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GLOBAL MARKETS-Asian shares dogged by trade worries, oil keeps gains

GLOBAL MARKETS-Asian shares dogged by trade worries, oil keeps gains

Asian shares got the week off to a cautious start on Monday amid lingering concerns about escalating trade frictions while U.S. oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in production.

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Govt's plan to hedge crude oil price risk hits bureaucratic wall

Govt's plan to hedge crude oil price risk hits bureaucratic wall

The government's move to get oil companies to hedge crude oil price risk as part of the rejig plan for pump prices has run into a bureaucratic wall.

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160 biomass processing plants to come up: Manpreet

160 biomass processing plants to come up: Manpreet

Aiming to use paddy straw and agriculture waste to produce animal feed and coal, the Punjab government has decided to attract private investment in the state in the coming two years. The state government is working to woo private players in setting up 160 biomass processing plants in the state.

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Cumbersome process may hit city gas licensing

Cumbersome process may hit city gas licensing

Too many city gas distribution licences and too big licence areas on offer, along with some regulatory provisions on exclusivity of permits and bid parameters may discourage bidders in the ninth city gas licensing round currently underway, but the regulator expects a good response.

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Piyush Goyal hopeful of getting enough land for bullet train project

Piyush Goyal hopeful of getting enough land for bullet train project

Even as protests continue against the bullet train project in pockets of Maharashtra and Gujarat, railway minister Piyush Goyal today exuded confidence that he does not see "any stress" in getting the land needed for the ambitious project, primarily on the increased compensation that government is offering now.

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Underground Metro stretch plan for smooth VIP Road traffic

Underground Metro stretch plan for smooth VIP Road traffic

Bengal government has requested the Metro authorities to make the last and final stretch of New Garia-Airport completely underground right from New Town as it would be next to impossible to part with two lanes of VIP Road for permanent construction when the elevated tracks will merge with the ground level and then move underground.

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PM Modi nods setting up panel for metro rail systems

PM Modi nods setting up panel for metro rail systems

Prime Minister Narendra Modi on Sunday approved the proposal of setting up of a committee to lay down standards for metro rail systems in India. The committee will be headed by retired Indian Engineering Service (IES) officer E Sreedharan, also known as "Metro Man".

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Trains Delayed on Central Line, Western Line And Harbour Line Due to Downpour

Trains Delayed on Central Line, Western Line And Harbour Line Due to Downpour

Downpour in Mumbai continued till today with several areas witnessing severe water logging, traffic snarls as well as delay in trains and flights schedule.

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Indian Railways Concession On Ticket Prices: Rules, Policies And Other Details

Indian Railways Concession On Ticket Prices: Rules, Policies And Other Details

Indian Railways offer concessions on ticket prices to different categories. The quantum of these concession ranges from 25 per cent to 100 per cent. These reductions in fares are available for senior citizens, disabled passengers, students, war widows, patients, among others.

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RICET is developing Drones to make your train journey safer

RICET is developing Drones to make your train journey safer

The Indian Railways will soon start deploying drones to monitor rail tracks, a step that could help the national transporter leap forward on the safety aspect which is an area of special attention for the government.

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SAIL to supply 12 Lakh Tonnes of Rail Tracks

SAIL to supply 12 Lakh Tonnes of Rail Tracks

After failing to keep up with Indian Railways’ requirement last fiscal, state-owned SAIL is now optimistic that it will be able meet the enhanced demand of rails from the national transporter this year and will supply 12 lakh tonnes of tracks, a top official said.

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TheFinansol in talks with IRCTC for developing Chatbots, launches Beta Version

TheFinansol in talks with IRCTC for developing Chatbots, launches Beta Version

In 2002, on the day of the launch of Indian Railway Catering and Tourism Corporation (IRCTC) platform, only 27 tickets were booked. Now with over 13 Lakh train tickets booked daily through the platform, IRCTC has become the face of e-ticketing in India.

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Maoists uproot & remove Railway tracks between Kamalur-Bhansi on Waltair Division – Freight Train derails!

Maoists uproot & remove Railway tracks between Kamalur-Bhansi on Waltair Division – Freight Train derails!

Over 20 freight wagons and engines of a goods train were derailed at strife-torn Dantewada district, some 460 km south of Raipur, on early hours of Sunday after the Maoists *(Naxals) uprooted and removed the railway tracks between Kamalur and Bhansi Railway stations.

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