GOOD EVENING INDIA

July 23, 2018, Monday

Your Evening News Updates From Across The Media Space

Thyssenkrupp CEO Steps Down Days After Tata Steel Merger

Thyssenkrupp CEO Steps Down Days After Tata Steel Merger

The chief executive officer of German industrial giant Thyssenkrupp today announced his resignation, just days after he hailed the “historic” merger of the company's steelmaking business with Tata Steel.

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Madhya Pradesh to cut power bills for unorganised labourers

Madhya Pradesh to cut power bills for unorganised labourers

In election year, the BJP government in Madhya Pradesh has decided to provide relief to unorganised labourers and BPL category consumers by announcing two schemes to reduce their electricity bills and waive dues.

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juwi Group Completes a 135 MW Solar Project in Karnataka

juwi Group Completes a 135 MW Solar Project in Karnataka

The juwi Group, a German developer and engineering procurement & construction (EPC) company, has built a 135 MW DC utility-scale solar power project for Energon Soleq Ravi India Power Resources Pvt Ltd in the state of Karnataka.

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Volvo cars to bring hybrids, plug-in EVs to Indian market

Volvo cars to bring hybrids, plug-in EVs to Indian market

Swedish luxury-car manufacturer Volvo Cars is betting on plug-in hybrid and electric technology over the conventional internal combustion engine (ICE) in the Indian market.

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Karnataka budget: Power consumers in for nasty shock

Karnataka budget: Power consumers in for nasty shock

H D Kumaraswamy’s maiden budget has given both domestic and industrial consumers an ‘electric shock’ as it seeks to hike tax on consumption of electricity.

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DERC chief takes oath of office; non-committal on not hiking power tariff

DERC chief takes oath of office; non-committal on not hiking power tariff

Justice (retd) Satyendra Singh Chauhan was administered the oath of office as the chairman of the national capital's power regulatory body in the presence of Chief Minister Arvind Kejriwal and his deputy Manish Sisodia, but refused to commit to the AAP government's policy to not hike tariff for 10 years.

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Power plants, brick kilns may miss clean air action plan deadline

Power plants, brick kilns may miss clean air action plan deadline

The fight against air pollution in the National Capital Region could be hit as two polluting sectors — thermal power plants and brick kilns — are unlikely to meet the deadline of switching over to cleaner fuel and technology, a survey by the Centre for Science and Environment (CSE) has stated.

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Steel prices to remain stable; NMDC cuts ore prices for Karnataka

Steel prices to remain stable; NMDC cuts ore prices for Karnataka

Indian primary steel producers have extended their product prices for July, despite state-owned NMDC cutting iron ore prices by Rs 300 a tonne in Karnataka (where a lot of the country’s steel is made).

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India Inc likely to report double-digit profit growth for 3rd quarter in a row

India Inc likely to report double-digit profit growth for 3rd quarter in a row

A lower base in the previous year’s quarter and likely good show by select companies in sectors such as automobiles, capital goods, FMCG, IT, and metals should help the Nifty 50 companies report a double-digit growth in aggregate sales and profits for the June 2018 quarter.

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Thermal power output rises 6% amid blame game on coal shortage

Thermal power output rises 6% amid blame game on coal shortage

Low coal stock at several generation units is a problem of their own making as they ignored warnings against reducing offtake from Coal India Ltd (CIL) during periods of subdued power demand.

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Govt plans to make local manufacturing a key element for large solar power projects

Govt plans to make local manufacturing a key element for large solar power projects

The government plans to make local manufacturing of equipment a key element in tenders for large solar power projects, even as the country aims to add close to 500 gigawatts of renewable energy capacity by 2030, senior officials said.

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How burying CO2 in sea can slow warming

How burying CO2 in sea can slow warming

Advances are taking place in clean energy, transport and efficiency that may have rightfully been considered miraculous a decade ago. But here’s the catch: As fast as everything is proceeding, it’s still not fast enough.

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Petrol, diesel prices raised for second day in a row; check latest fuel rates in Delhi, Mumbai

Petrol, diesel prices raised for second day in a row; check latest fuel rates in Delhi, Mumbai

The prices of petrol and diesel were raised for the second straight day by the oil marketing companies on Friday. The fuel rates were hiked in the range of 14 to 15 paise. The petrol is now priced at Rs 75.85 per litre in Delhi.

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New Oil Cartel Threatening OPEC – Analysis

New Oil Cartel Threatening OPEC – Analysis

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.

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South Korea suspends Iranian oil loading in July for first time since 2012

South Korea suspends Iranian oil loading in July for first time since 2012

South Korea will not lift any Iranian crude and condensate in July, halting all shipments for the first time in six years amid US pressure to cut all imports of Iranian oil from November, sources familiar with the matter said on Friday.

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Equinor buys Danske Commodities in shift to broad energy company

Equinor buys Danske Commodities in shift to broad energy company

Norway's oil and gas firm Equinor is acquiring Danish power and natural gas trading firm Danske Commodities (DC) for 400 million euros ($468 million), it said on Friday.

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Oil markets volatile as trade conflict between U.S. and China escalates

Oil markets volatile as trade conflict between U.S. and China escalates

Oil prices seesawed in nervous trading on Friday as the United States slapped a raft of tariffs on Chinese goods in an escalating trade war between the world's two biggest economies.

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Higher Oil Prices Haven’t Helped ONGC Stock. Here’s Why

Higher Oil Prices Haven’t Helped ONGC Stock. Here’s Why

Oil and Natural Gas Corporation Ltd. should benefit from rising crude prices. But that doesn’t reflect in its stock’s performance as India’s largest oil explorer has had the worst first half in a decade.

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EXPLAINED: Strait of Hormuz - the world's most important oil artery

EXPLAINED: Strait of Hormuz - the world's most important oil artery

With a third of the world's sea-borne oil passing through it every day, the Strait of Hormuz is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond.

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MEP Infrastructure rises nearly 3% on LoA from NHAI

MEP Infrastructure rises nearly 3% on LoA from NHAI

Share price of MEP Infrastructure Developers added nearly 3 percent intraday Friday as company received LoA from NHAI. The company has received the LoA (Letter of Acceptance) from NHAI (National Highways Authority of India) for toll collection rights at Paranur fee plaza on NH-45 in the state of Tamil Nadu.

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HC's green flag to Chennai-Salem highway

HC's green flag to Chennai-Salem highway

The Madras High Court today refused to stay land acquisition for the Chennai-Salem greenfield expressway. The verdict was given while hearing a petition filed by one Krishnamoorthy.

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Himachalis paying a heavy price for construction of national highways in state

Himachalis paying a heavy price for construction of national highways in state

Brig Khushal Thakur (retd) was commanding 18 Grenadiers when his battalion was tasked with capturing Tololing Top during the Kargil War in 1999. Today he is fighting another battle and he doesn’t seem anywhere near winning it.

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Essel Infra Bags First Railway Project Under Annuity Mode for Rs 1706 Cr

Essel Infra Bags First Railway Project Under Annuity Mode for Rs 1706 Cr

Essel Infraprojects Ltd (EIL), an enterprise of Subhash Chandra led Essel Group, has bagged India’s first railway project under Annuity mode for Rs 1,706 crore on the Eastern Freight Corridor connecting Howrah and Chennai main line.

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East Coast Railway builds 6 limited height subways in less than five hours

East Coast Railway builds 6 limited height subways in less than five hours

The East Coast Railway has created a record of sorts by building six limited height subways (LHS) in less than five hours, according to Divisional Railway Manager of Sambalpur.

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Soon, passengers to relish 'chhola bhatura, rajma chawal' on select Shatabdi Express trains: Report

Soon, passengers to relish 'chhola bhatura, rajma chawal' on select Shatabdi Express trains: Report

The Indian Railway Catering and Tourism Corporation (IRCTC) is expected to introduce combo meals on Shatabdi Express trains, according to a report on Financial Express online.

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BMC, Railways to jointly audit all bridges passing over rail tracks from July 6

BMC, Railways to jointly audit all bridges passing over rail tracks from July 6

Indian Railways and Brihanmumbai Municipal Corporation (BMC) will jointly audit all structures passing over railway tracks from July 6, Times of India reported.

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South Central Railway mulls toilets for disabled

South Central Railway mulls toilets for disabled

Now the disabled can heave a sigh of relief at railway stations if the project to be taken up by South Central Railway (SCR) for construction of specially-designed toilets that cater to their needs at all important stations in six divisions becomes a reality.

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ICF facilitates retired Railway Employees order Medicines online and receive the same by courier

ICF facilitates retired Railway Employees order Medicines online and receive the same by courier

Integral Coach Factory popular known as ICF, has 10,510 employees on its rolls as on date. ICF Hospital which is one of the largest Railway Medical Facilities in Tamil Nadu is catering to the health needs of these 10,510 serving ICF employees, about 10,944 retired ICF/Other Railway employees and their family members.

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Coach of Madurai Express derails at Khandala, none hurt

Coach of Madurai Express derails at Khandala, none hurt

A sleeper class coach of Madurai Express derailed at Khandala railway station on Mumbai-Pune route in the wee hours today, an official said. Nobody was injured in the incident, although it led to cancellation of four trains and diversion of another.

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ABB India plans expansion of Manufacturing Hubs to cater to increasing Railway’s demands

ABB India plans expansion of Manufacturing Hubs to cater to increasing Railway’s demands

Power and automation technology firm ABB India is looking to expand its facilities to cater to growing demands from railways and also increasing focus on renewable energy space, a top company official said today.

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