GOOD EVENING INDIA

July 23, 2018, Monday

Your Evening News Updates From Across The Media Space

GE to divest healthcare unit, separate Baker Hughes

GE to divest healthcare unit, separate Baker Hughes

General Electric Co on Tuesday said it plans to spin off its healthcare business and separate its oil services company Baker Hughes, as it looks to streamline operations and focus on aviation, power and renewable energy units.

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IIT Madras joins project to provide solar power drinking water in villages

IIT Madras joins project to provide solar power, drinking water in villages

The Indian Institute of Technology (IIT) Madras has partnered with Chennai Petroleum Corporation Limited (CPCL) to provide solar power, clean drinking water and create better sanitation conditions in the villages of Vellalapakkam

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Maharashtra govt forms study committee for floating solar power plant

Maharashtra govt forms study committee for floating solar power plant

The Maharashtra government has set up a committee to study issues related to the development of a 1,000-Mw floating solar power plant at Ujani dam in Solapur district, officials said on Tuesday.

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US must acquire latest N-tech for atomic power cooperation with India: Perry By Lalit K Jha

US must acquire latest N-tech for atomic power cooperation with India: Perry By Lalit K Jha

The US must acquire the latest technology and efficient methods to produce nuclear power to be a major player in the sector and assure countries like India that America is committed to bilateral atomic energy cooperation, Energy Secretary Rick Perry has said.

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IBC bitter for power projects but may be sweet for Indian economy

IBC bitter for power projects but may be sweet for Indian economy

What’s the best way to solve the stressed assets problem in the power sector? That’s a $53-billion (₹ 3.6 trillion) question. According to Bank of America Merrill Lynch, that’s the total amount of stressed debt in the power sector.

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India offers huge opportunity for US energy sector: Perry

India offers huge opportunity for US energy sector: Perry

India offers an "amazing opportunity" for US energy sector as it is a huge market for the American energy products including clean coal technology, Energy Secretary Rick Perry has said.

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Haryana approves installation of 10 lakh smart electricity meters

Haryana approves installation of 10 lakh smart electricity meters

Haryana Chief Minister Manohar Lal Khattar has accorded approval for installation of 10 lakh smart power meters in five districts of the states.

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Advent to acquire GE's distributed power business for $3.25 bilion

Advent to acquire GE's distributed power business for $3.25 bilion

U.S. buyout group Advent has agreed to buy General Electric's (GE) distributed power operations for $3.25 billion, the companies said on Monday.

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Thousands of power loom weavers hit UP streets against proposed DBT scheme

Thousands of power loom weavers hit UP streets against proposed DBT scheme

Thousands of people employed in power loom weaving industry poured on the streets across Uttar Pradesh on Monday in protest against the state government’s proposal to introduce Direct Benefit Transfer (DBT) scheme for the electricity bill of the weavers.

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Government allows companies to explore for oil, gas beyond block boundaries

Government allows companies to explore for oil, gas beyond block boundaries

In a bid to make it easier for explorers to find and produce more oil and gas, the government has allowed companies to go beyond their allocated block boundaries if a discovery were to extend outside their contracted area.

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Oil markets tense amid outages, OPEC policy and escalating trade rows

Oil markets tense amid outages, OPEC policy and escalating trade rows

Oil markets were tense on Tuesday, rising on a Canadian production outage and uncertainty over Libyan crude exports, but weighed down by climbing OPEC supplies and the intensifying trade conflict between the United States and other major economies.

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Higher Fuel Costs In India Force Airlines To Raise Fares

Higher Fuel Costs In India Force Airlines To Raise Fares

The rise in fuel prices is taking a toll on India’s fast-growing domestic aviation sector, with airlines forced to increase fares during the holiday season.

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Crude oil futures up 0.24 pc on overseas cues

Crude oil futures up 0.24 pc on overseas cues

Crude oil prices rose 0.24 per cent to Rs 4,615 per barrel in futures market today as speculators created fresh bets, taking positive cues from the global market.

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India, Netherlands spend N1.7trn on Nigerian crude oil in 3 months

India, Netherlands spend N1.7trn on Nigerian crude oil in 3 months

Three countries, India, The Netherlands, and the United States of America, USA emerged the highest importers of Nigerian crude oil grades, spending N1.71 trillion in the first quarter of 2018, Q1’18.

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Petrol, Diesel Prices Cut Further. Check Revised Fuel Rates Here

Petrol, Diesel Prices Cut Further. Check Revised Fuel Rates Here

For the sixth day in a row, petrol prices were cut on Tuesday across all cities. Petrol prices have been brought down by upto 14 paise in Delhi and Kolkata, by 18 paise in Mumbai and by 15 paise in Chennai.

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No spike in inflation due to rising crude prices: Modi

No spike in inflation due to rising crude prices: Modi

The rising crude prices have not resulted in a spike in inflation and the macroeconomic fundamentals of the country remain strong, Prime Minister Narendra Modi said here today.

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India flexes muscle against powerful oil lobby; OPEC decided to raise output after this warning from India

India flexes muscle against powerful oil lobby; OPEC decided to raise output after this warning from India

India’s dire warning of its demand shrinking by one million barrels per day if oil prices continued their upward march was one of the factors that pushed oil cartel OPEC to raise production to cool prices.

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Oil India gains after gas discovery in Andhra Pradesh

Oil India gains after gas discovery in Andhra Pradesh

Oil India rose 0.86% to Rs 209.90 at 9:51 IST on BSE after the company announced hydrocarbon discovery in KG Basin, Andhra Pradesh. The announcement was made after market hours yesterday, 25 June 2018. Meanwhile, the S&P BSE Sensex was up 36.23 points, or 0.10% to 35,506.58.

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Higher Crude May Bring Gail On Investor Radar

Higher Crude May Bring Gail On Investor Radar

When crude oil prices head north globally, investors typically exit Indian state-run energy producers that run the risk of sharing the subsidy burden on motor fuels. Not this time, it seems.

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Blankets for AC travellers to be washed twice a month, instead of once in two months: Railways

Blankets for AC travellers to be washed twice a month, instead of once in two months: Railways

Blankets for AC coaches will now be washed twice a month instead of existing practice of once in two months as the Railways has changed the material to make it washable-friendly.

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India to spend Rs 2 lakh crore on rail lines to China border

India to spend Rs 2 lakh crore on rail lines to China border

In response to China extending infrastructure close to the disputed border with India, the Indian Railways is firming up plans to built four strategic rail lines in the Himalayas. Once complete, the rail lines will allow rapid deployment of security and defense forces to the border to counter unwanted advances by the Chinese.

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India wants AIIB investments in 9 projects: Goyal

India wants AIIB investments in 9 projects: Goyal

Terming India "a sweet spot where the rule of law prevails", Finance Minister Piyush Goyal said here on Monday the country wants investments in nine projects from the China-based Asian Infrastructure Investment Bank (AIIB).

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Train service resumes in Kashmir

Train service resumes in Kashmir

Train service resumed on Tuesday after remaining suspended for a day due to security reasons in the Kashmir valley, where separatists had called for a general strike against civilian deaths in security force action and Cordon and Search Oprations (CASO).

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Mumbai-Ahmedabad rail traffic disrupted as heavy rains lash South Gujarat

Mumbai-Ahmedabad rail traffic disrupted as heavy rains lash South Gujarat

Heavy rains in South Gujarat led to the disruption of the train services between Mumbai and Ahmedabad following waterlogging on the tracks between Sanjan and Bhilad near Valsad on Monday.

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Koreas Hold Talks to Connect Railways Running Across Border

Koreas Hold Talks to Connect Railways Running Across Border

North and South Korea held talks on Tuesday on connecting the railways that run across their border, a physical link that would transform the relationship between the two sides of the divided peninsula.

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We have plans to make India a Manufacturing Hub for International Markets: Alain Spohr, MD, Alstom

We have plans to make India a Manufacturing Hub for International Markets: Alain Spohr, MD, Alstom

Alstom’s Managing Director for India & South Asia cluster based in Bengaluru Mr Alain Spohr is a versatile personality. He joined Alstom in September 2017. Prior to this position he worked for for GE Energy India where he was the MD & CEO of the GE/Bharat Forge Join Venture and also the India Country Leader for Steam Power Systems.

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Railways begins Trial Run at 110 kmph on Ratlam-Indore track via Fatehabad Chandrawatiganj Jn.

Railways begins Trial Run at 110 kmph on Ratlam-Indore track via Fatehabad Chandrawatiganj Jn.

Soon, the time taken to travel by Railways on the Ratlam-Indore rail section via Fatehabad is likely to reduce. In order to increase the speed of trains, Piyush Goyal-led Indian Railways has started a trial run between Ratlam and Indore section in Madhya Pradesh.

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