GOOD EVENING INDIA

October 20, 2018, Saturday

Your Evening News Updates From Across The Media Space

Global corporate solar funding at $5.3 billion in first half of the year

Global corporate solar funding at $5.3 billion in first half of the year

Total global corporate funding in the solar sector touched $5.3 billion in the first half of this year, up 15% over last year, amid uncertainty in the industry owing to Trump tariffs and the Chinese subsidy pullback, global consulting firm Mercom Capital Group said.

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Tech startups are helping India’s creaky power sector cope with the renewable energy boom

Tech startups are helping India’s creaky power sector cope with the renewable energy boom

The rapid rise of renewable energy is exposing the shortcomings in India’s current power transmission infrastructure.
As they increasingly produce and distribute this new kind of power, government agencies and companies—and their infrastructure—are grappling with the technical difficulties this transition ensues.

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Maersk Tankers in talks for coastal oil movement

Maersk Tankers in talks for coastal oil movement

Global shipping major Maersk Tankers is ramping up its presence in the country and is also in talks for an intra-country coastal movement of oil products courtesy the relaxations in rules, a top official has said.

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Essar under watch over 'illegal' coal-bed methane extraction in West Bengal

Essar under watch over 'illegal' coal-bed methane extraction in West Bengal

Essar Oil & Gas Exploration and Production (EOGEPL), India’s largest coal-bed methane (CBM) producer, is under the government’s scanner for allegedly drawing gas outside its licensed area at Raniganj in West Bengal.

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Russia Invites India for Construction of Rooppur Nuclear Power Plant in Bangladesh

Russia Invites India for Construction of Rooppur Nuclear Power Plant in Bangladesh

The Rooppur nuclear power plant is under construction at Rooppur, adjoining Paskey, 87 miles west of Dhaka. For the Rooppur Nuclear Power Plant in Bangladesh, Russia has welcomed the participation of Indian organizations in its development.

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Clarify NCLT processes; consider safeguard duty on the metal - Mr Seshagiri Rao

Clarify NCLT processes; consider safeguard duty on the metal - Mr Seshagiri Rao

Business Line reported that JSW Steel has announced plans to invest INR 40,000 crore in the next three years, even as lending rates continue to rise globally.

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Probe begins in Gerdau India steel plant gas leak case

Probe begins in Gerdau India steel plant gas leak case

The News Minute reported that a day after six people died in a gas leak at the Gerdau Steel plant at Tadipatri in Anantapur district, an expert committee comprising of the Andhra Pradesh Industries Department

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India’s Power Utilities’ Ratings Over the Last Year Decline Slightly

India’s Power Utilities’ Ratings Over the Last Year Decline Slightly

The Ministry of Power (MoP) recently released its sixth annual integrated ratings for the state distribution utilities. Out of the 41 utilities that were covered in the report, five utilities received the highest grade ‘A+’. Four of these utilities are from Gujarat, namely

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Tata Group has to be run as per wishes of majority shareholders: NCLT

Tata Group has to be run as per wishes of majority shareholders: NCLT

The operating companies of Tata Group have to be run as per the wishes of majority shareholders, Tata Trusts, which has more than two-thirds stake of the holding company Tata Sons, the recent NCLT ruling said.

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Tata Steel wants to make ThyssenKrupp joint venture sustainable first, says TV Narendran

Tata Steel wants to make ThyssenKrupp joint venture sustainable first, says TV Narendran

Tata Steel has been in the midst consolidating its businesses across continents. T V Narendran, global CEO and managing director of the steel major, tells Praveena Sharma that after clinching the bankrupt Bhushan Steel acquisition under the Insolvency and Bankruptcy Code (IBC) and inking a pact with ThyssenKrupp in Europe

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Revamp of coal auction rules: Business-friendly reforms on cards

Revamp of coal auction rules: Business-friendly reforms on cards

The coal sector is poised for a round of business-friendly reforms after being opened up for private commercial mining.

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Petrol, Diesel Prices Cut Today; Check How Much You Are Paying

Petrol, Diesel Prices Cut Today; Check How Much You Are Paying

Petrol and diesel prices were slashed with effect from 6 am on Monday, according to the website of Indian Oil Corporation (IOC), the largest fuel retailer in the country. One litre of petrol was being sold in New Delhi for Rs. 76.84, in Kolkata for Rs. 79.51, in Mumbai for Rs. 84.22, and in Chennai for Rs. 79.77.

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Oil prices ease on potential supply hikes; Trump-Putin eyed

Oil prices ease on potential supply hikes; Trump-Putin eyed

Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers.

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Search takes off at ONGC’s offshore asset

Search takes off at ONGC’s offshore asset

Natural gas exploration at the S1-Vasishta offshore project site of the Oil and Natural Gas Corporation’s (ONGC) Eastern Offshore Asset (EOA) at Odalarevu near Amalapuram has begun as a low-key affair.

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Petrol and diesel prices set to break all-time high levels

Petrol and diesel prices set to break all-time high levels

Consumers may have to burn a larger hole in their pockets to keep their vehicles running as retail prices of petrol and diesel are set to hit all-time high levels all over again soon.

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Could Russia emerge as a key player for India's energy security?

Could Russia emerge as a key player for India's energy security?

Energy security holds paramount importance to India’s progress towards becoming an economic powerhouse. PwC projects India to surpass the US to become the second largest economy in the world by 2050.

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GAIL (India) update on Varanasi City Gas Distribution network

GAIL (India) update on Varanasi City Gas Distribution network

GAIL (India) announced that the Prime Minister Narendra Modi on 14 July 2018 dedicated to the Nation the Varanasi City Gas Distribution (CGD) network which will supply environment friendly natural gas to households, transport sector and industries in the city through the 'Pradhan Mantri Urja Ganga'.

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10 new biogas plants to put Delhi’s waste to good use, cut landfill fires

10 new biogas plants to put Delhi’s waste to good use, cut landfill fires

Under an ambitious project to manage the biodegradable waste, 10 biomethanation plants will be set up across the city to generate biogas that will generate electricity and enriched organic manure from waste.

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Natural gas, ATF in GST this week?

Natural gas, ATF in GST this week?

The all-powerful GST Council may this week consider bringing jet fuel (ATF) and natural gas under GST ambit but tax slab is acting as a deterrent, people familiar with the matter said.

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Are you a piped gas user? Your monthly bill is set to get cheaper. Read how

Are you a piped gas user? Your monthly bill is set to get cheaper. Read how

Soon Piped Natural Gas consumers and users of other biofuels for cooking purpose may also get government subsidy like Liquefied Petroleum Gas cylinder users if Niti Aayog's proposal goes through.

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Bangalore Metro Phase-II faces Defence land hurdle

Bangalore Metro Phase-II faces Defence land hurdle

While the Underground Corridor of Metro’s Phase-I got delayed due to the breakdown of Tunnel Boring Machines and uncertain rock soil conditions, the work on underground stretch of Phase-II is now encountering another hurdle: permission from the Defence department.

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South Western railway gets solar plant for workshop

South Western railway gets solar plant for workshop

The South Western Railway (SWR) recently commissioned a 999kW capacity rooftop solar power plant at its carriage repair workshop at Hubbali, Karnataka.

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Railway board goes back on decentralisation

Railway board goes back on decentralisation

The Railway Board has reversed its order delegating power to divisional railway managers (DRMs), rolling back a key reform that had been implemented last year. DRMs are additional secretary or senior joint secretary rank officials and operational heads of the railways across all its 68 divisions.

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Local train services likely to get affected; Get details

Local train services likely to get affected; Get details

The services of Mumbai local trains are likely to get affected on Monday as city residents faced yet another night of endless rainfall that led to waterlogging and overflooding of tracks.

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Central Railway plans to build sluice gate to prevent flooding on rail tracks

Central Railway plans to build sluice gate to prevent flooding on rail tracks

Despite continuous cleaning of drains, culverts and nullahs between Matunga and Kurla, this year too, waterlogging was there on tracks. Fact remains that the trains did not stop.

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CMRL’s holds payment of Supervision Fee to SR for FOBs; claims it would benefit Suburban Train system too

CMRL’s holds payment of Supervision Fee to SR for FOBs; claims it would benefit Suburban Train system too

Two years after Chennai Metro Rail Ltd came up with plans to construct foot over-bridges (FOBs) to link metro stations in Guindy and St Thomas Mount with the suburban train stations nearby, the projects haven’t taken off as

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Electronic Interlocking works on Verka-Manawala stretch in Amritsar to affect train movements

Electronic Interlocking works on Verka-Manawala stretch in Amritsar to affect train movements

As many as 34 trains will neither originate nor terminate at the local railway station for nearly a fortnight from July 19 as the Railways is set to complete the process of switching over from obsolete lever frame system to the state-of-the-art electronic interlocking system.

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33-km long Dabhoi-Miyagam Narrow Gauge line closed for Gauge Conversion – heritage status ruled out!

33-km long Dabhoi-Miyagam Narrow Gauge line closed for Gauge Conversion – heritage status ruled out!

India’s oldest working narrow gauge line will now remain only in history books. The 33-km long Dabhoi-Miyagam line, which has the distinction of being the first narrow gauge section in the country since 1862, will be closed forever from Sunday. The line will be converted into broad gauge soon.

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