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July 23, 2018, Monday

Your Evening News Updates From Across The Media Space

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South Korea wants PMO to untie power knots, raises concerns over fate of Korean investments

South Korea wants PMO to untie power knots, raises concerns over fate of Korean investments

South Korea has sought the intervention of the Prime Minister Narendra Modi’s office (PMO) to instil confidence among Korean investors, while airing serious concerns over the fate of existing Korean investments in the Indian power sector. South Korean president Moon Jae-in is touring India since Sunday.

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Onus of coal quality ends at loading point - Coal ministry

Onus of coal quality ends at loading point - Coal ministry

Economic Times reported that in view of the continuing disputes between Coal India and power consumers over loss of quality of coal during transport, the coal ministry has reiterated that once coal in loaded on rakes the miner's responsibility on the quality of coal ends.

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Rooftop solar: Let's give the power utilities a fair chance

Rooftop solar: Let's give the power utilities a fair chance

In 2015, India surprised the international community with its announcement of a renewable energy (RE) capacity addition target of 175 GW by 2022.

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India to acquire Lithium and Cobalt mines abroad

India to acquire Lithium and Cobalt mines abroad

India is scrambling to acquire lithium and cobalt mines abroad, along with other resources, to ensure that it has access to such strategic minerals, with China having already taken a substantial lead in the race, much in the manner that it has done so in oil and gas.

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NCLAT hears ArcelorMittal plea on eligibility for Essar Steel

NCLAT hears ArcelorMittal plea on eligibility for Essar Steel

Mint reported that ArcelorMittal India Ltd. was eligible to submit a bid for Essar Steel on the date of application as the company was till then no longer associated with Uttam Galva Steels Ltd, said lawyer Abhishek Manu Singhvi, appearing for ArcelorMittal on Monday.

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Icra pegs Rs 85,000 crore subsidy dependence for discoms in current fiscal

Icra pegs Rs 85,000 crore subsidy dependence for discoms in current fiscal

Rating agency Icra has estimated a subsidy dependence of Rs 85,000 crore amid low tariff hikes allowed for discoms in 2018-19, and expects improvement in thermal plants capacity utilisation or PLF in near to medium term.

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Punjab and Haryana overdraw from northern grid to meet power demand

Punjab and Haryana overdraw from northern grid to meet power demand

The sultry weather conduction prevailing across the region has further pushed the power demand in Punjab and Haryana forcing the two states to resort to overdrawal from the northern grid to meet the highest demand for electricity ever.

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SAIL-ArcelorMittal JV for specialised steel stuck on 30-year clause

SAIL-ArcelorMittal JV for specialised steel stuck on 30-year clause

Government-owned Steel Authority of India’s (SAIL’s) reluctance to join a non-exit 30-year contract has delayed its joint venture with ArcelorMittal for specialised steel.

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India’s investments in renewable energy are growing faster than even China’s

India’s investments in renewable energy are growing faster than even China’s

China may be the world’s renewable energy leader, but where the sector’s growth is concerned, India is leaving its neighbour behind.

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Nod For Bangladesh's 2nd 1,200 Mw N-Power Plant

Nod For Bangladesh's 2nd 1,200 Mw N-Power Plant

Construction work for Bangladesh's second nuclear power plant will start soon with the Bangladesh Atomic Energy Regulatory Authority (BAERA) granting licence to the Bangladesh Atomic Energy Commission, said ASE Group of Companies, a part of Rosatom State Atomic Energy Corp (Rosatom).

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Shell shuts down Norway's Knarr oil and gas field due to strike

Shell shuts down Norway's Knarr oil and gas field due to strike

Royal Dutch Shell is shutting down production at its Knarr field in the North Sea after workers walked out on strike on Tuesday, the company said.

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Stung by backlash, India says it will take ‘considerate view’ on oil imports from Iran

Stung by backlash, India says it will take ‘considerate view’ on oil imports from Iran

India’s Petroleum Minister Dharmendra Pradhan in an interview with a leading Indian daily said India sees U.S. sanctions on Iran as a “challenge” given its close ties with both the countries. His comments came a week before the scheduled visit of a U.S. delegation to India to discuss the issue.

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Petrol, Diesel Prices Rise On Escalating Concerns Over Global Oil Supply

Petrol, Diesel Prices Rise On Escalating Concerns Over Global Oil Supply

Petrol price per litre was up by an average of 17 paise to Rs 76.53 in Delhi, Rs 83.91 in Mumbai, Rs 79.20 in Kolkata and Rs 79.43 in Chennai. Diesel price per litre, on the other hand, was increased by 16 paise on an average to Rs 68.23 in Delhi, Rs 72.40 in Mumbai, Rs 70.78 in Kolkata and Rs 72.03 in Chennai.

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Petrol, diesel prices hiked for sixth consecutive day

Petrol, diesel prices hiked for sixth consecutive day

Petrol prices on Tuesday witnessed a hike for the sixth consecutive day in all four metro cities, as per the data provided by the official website of Indian Oil Corporation (IOC) Limited. Following suit, diesel prices have also ramped up consistently in the last six days.

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Gas retailing bids: RIL-BP joint venture seeks licence for 15 cities, IGL 13

Gas retailing bids: RIL-BP joint venture seeks licence for 15 cities, IGL 13

The Reliance-BP joint venture today bid for licence to retail gas in 15 cities while Indraprastha Gas LtdNSE -1.18 % put in bids for 13 cities.

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The Competition Commission dismisses complaint against IOC, BPCL, HPCL

The Competition Commission dismisses complaint against IOC, BPCL, HPCL

PTI reported that the Competition Commission has dismissed a complaint alleging unfair business practices against oil marketing companies - IOCL, BPCL and HPCL - with regard to terms and conditions in the tenders for transportation of liquified petroleum gas through tank trucks.

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'See crude oil prices in range of $75 - $80 a barrel for next 18 months'

'See crude oil prices in range of $75 - $80 a barrel for next 18 months'

Rising prices are starting to threaten oil demand in Asia, especially in a country like India, which is starting to feel the pressure more than others.

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Petrol pump a hurdle too steep for Iffco underpass

Petrol pump a hurdle too steep for Iffco underpass

There is no end in sight for the legal tussle over shifting the petrol pump at Iffco Chowk on MG Road to Sector 42, to make way for the Iffco Chowk underpass.

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Irregular fuel tax levy results in Rs 1,893 crore loss

Irregular fuel tax levy results in Rs 1,893 crore loss

The finance department has failed to levy tax on second point of sale of fuel, due to which the government lost additional revenue of Rs 645 crore. Further, the authorities overlooking the conditions governing grant of exemption and applicability of reduced rate of tax too resulted in a shortage of revenue of Rs 1,247.57 crore

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Hundreds of Norway oil workers to strike after talks fail

Hundreds of Norway oil workers to strike after talks fail

Hundreds of workers on Norwegian oil and gas offshore rigs will go on strike on Tuesday after rejecting a proposed wage deal, a state-appointed mediator said, an action which will likely affect the production of at least one field, Shell's Knarr.

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Kerosene, LPG prices see sharp hike in 2 years, subsidies keep pace

Kerosene, LPG prices see sharp hike in 2 years, subsidies keep pace

The administered prices of subsidised household fuels has risen sharply, with kerosene up 65% and cooking gas up 17% in the past two years, but the subsidy on both products, which the government tried to cut with regular price hikes, has also risen sharply because of soaring oil prices.

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Asian Buyers Look To Replace Iranian Oil Amid U.S. Sanctions

Asian Buyers Look To Replace Iranian Oil Amid U.S. Sanctions

Asian oil customers are looking to secure more oil supplies from Saudi Arabia, Kuwait, and Iraq, to replace oil from Iran after the U.S. announced the new sanctions on Tehran, Nizar al-Adsani, CEO at Kuwait Petroleum Corporation (KPC), told Reuters on Monday.

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Vasai-Virar Local Trains Running Late As Railway Tracks Submerged

Vasai-Virar Local Trains Running Late As Railway Tracks Submerged

The Western Railway said that the incessant heavy downpour have led to an increase in the water level at the railway tracks, making it "impossible" to run local trains between Nallasopara and Virar.

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Indian Railways food crack down: Get it free if this is not done; Piyush Goyal vows action

Indian Railways food crack down: Get it free if this is not done; Piyush Goyal vows action

Indian Railways is striving hard to improve its catering service to help passengers partake of the best quality food during their train journey, but complaints about food service or overcharging still abound.

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Nepal, India agree to finalize MoU on Raxual-Kathmandu railway line

Nepal, India agree to finalize MoU on Raxual-Kathmandu railway line

Nepali and Indian officials agreed on Monday to an early finalization of an MoU for Preliminary Engineering cum Traffic Survey of the Raxaul-Kathmandu rail line. The move came at a time when there is buzz about the Chinese railway crossing the Himalayas to counter the Indian influence in Nepal.

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Fearing the worst, Indian Railways turns to steel for safety

Fearing the worst, Indian Railways turns to steel for safety

It took a major mishap to get things rolling, but now, Indian Railways is really on the move. Indian Railways is planning to alter the quality of the bridges just a week after a partial collapse of the Andheri Gokhale bridge took place that led to the death of a woman.

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Railways hopes to buy Mumbai suburb land by December

Railways hopes to buy Mumbai suburb land by December

The Indian Railways is hopeful of meeting the December 2018 deadline for acquiring land for the upcoming Mumbai-Ahmedabad high-speed rail corridor, despite the red flag raised by the Godrej Group over acquisition of its 3.5 hectare land parcel in Vikhroli, a Mumbai suburb.

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PSC meet on cross-border rail link projects held

PSC meet on cross-border rail link projects held

The sixth meeting of the Project Steering Committee (PSC) for the implementation of the Nepal-India Cross Border Rail Link Projects was held here today

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Modi govt has stopped politicization of railways: Piyush Goyal

Modi govt has stopped politicization of railways: Piyush Goyal

Railway Minister Piyush Goyal today said the Narendra Modi government has stopped politicisation of the national transporter unlike the previous regimes, which did so to accrue political benefits.

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Godrej moves HC over acquisition of land for bullet train

Godrej moves HC over acquisition of land for bullet train

The Godrej Group, Mumbai's biggest private land owner, has petitioned the Bombay high court to shift the alignment of the Mumbai-Ahmedabad bullet train project by a few hundred metres to the east. The company is in court against the state's move to acquire ten acres of its prime Vikhroli land.

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Mumbai Local Train Status: Western Line Running Late Due to Downpour

Mumbai Local Train Status: Western Line Running Late Due to Downpour

Western Railway Helpline for the convenience of the passengers. Surat – 02612401791, Mumbai Central – 23077292, Bandra Terminus – 26425756

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