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December 11, 2018, Tuesday

Your Evening News Updates From Across The Media Space

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Parliamentary panel suggests single return for ministers, babus

Parliamentary panel suggests single return for ministers, babus

A parliamentary committee has recommended filing of a single return in a year by a public servant to mention details of assets and liabilities, as against the multiple ones mandated under the Lokpal law.

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RIL founder Dhirubhai Ambani’s 5 evergreen quotes that will poke you to dream big

RIL founder Dhirubhai Ambani’s 5 evergreen quotes that will poke you to dream big

Dhirubhai Ambani, founder of India’s second most valued enterprise by market capitalisation Reliance Industries started the company with a meagre Rs 1,000.

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Peak power deficit in April-June at 0.7 per cent: Minister R K Singh

Peak power deficit in April-June at 0.7 per cent: Minister R K Singh

Peak power deficit during April-June, 2018-19 was 0.7 per cent while overall electricity deficit stood at 0.6 per cent during the quarter, Parliament was informed today.

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High coal prices, weak rupee leading to a crisis in power generation firms

High coal prices, weak rupee leading to a crisis in power generation firms

With the cost of imported coal touching a six-year high and rupee weakening against the US dollar, power generation companies are witnessing a crisis of sorts, with Essar group shutting down its 1,200-megawatt (MW) power project and the Adani group utilising only part of its installed capacity in Mundra, Gujarat.

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India's import dependence for solar equipment over 90 per cent in last 3 fiscal: Government

India's import dependence for solar equipment over 90 per cent in last 3 fiscal: Government

India's import dependence for meeting its solar equipment demand was more than 90 per cent in past three financial years, Parliament was informed today.

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Godawari Power gets 1.15 lakh MT of long-term coal supply

Godawari Power gets 1.15 lakh MT of long-term coal supply

Godawari Power & Ispat today said it has been awarded 1,15,900 metric tonne (MT) of long-term coal linkage to be used in its sponge iron unit in the recent auction of Coal India. With this, the aggregate quantity of coal supply for the company's sponge iron division shall be 4,95,000 MT, it said in a BSE filing.

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Earlier govts, then Congress President failed to fulfil household electrification promise: PM Modi

Earlier govts, then Congress President failed to fulfil household electrification promise: PM Modi

Prime Minister Narendra Modi today blamed earlier governments, particularly then Congress President Sonia Gandhi, for not fulfilling the promise of electrifying all households by 2009.

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Enforcement Directorate files charge-sheets in seven coal scam cases

Enforcement Directorate files charge-sheets in seven coal scam cases

The Enforcement Directorate (ED) has filed in a Delhi court charge sheets in seven coal scam cases, accusing multiple firms and individuals of money laundering.

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Tata Power launches EV stations in Hyderabad

Tata Power launches EV stations in Hyderabad

In line with Government of India’s vision to achieve 100 per cent e-mobility by 2030, Tata Power, India’s largest integrated power company, on Wednesday announced setting-up of three fast charging Electric Vehicle (EV) stations at the Hyderabad campus of leading IT firm Cognizant.

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France’s Engie appoints Rothschild to find a buyer for Indian solar biz

France’s Engie appoints Rothschild to find a buyer for Indian solar biz

French energy firm Engie SA, one of the largest foreign investors in India’s solar power space, has mandated Rothschild to find a buyer for picking up a significant stake in its Indian solar business.

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Foreign funds lap up Essar Steel loans from banks

Foreign funds lap up Essar Steel loans from banks

As the debt resolution of Essar Steel drags, Bank of Baroda (BoB), Federal Bank, IDBI Bank and Jammu & Kashmir Bank have sold part or all their loans to the Ruias-promoted steel company,

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Indian Oil says Rs 4,300 cr Ennore LNG terminal to become operational by October

Indian Oil says Rs 4,300 cr Ennore LNG terminal to become operational by October

Indian Oil Corporation (IOC), the nation’s largest fuel retailer, expects its upcoming 5 million tonne per annum Ennore Liquefied Natural Gas (LNG) terminal to start operations by October.

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Indian Oil, BPCL, Adani top bidders for city gas licences

Indian Oil, BPCL, Adani top bidders for city gas licences

State-owned fuel retailers IOC and BPCL as well as billionaire Gautam Adani's group were the top bidders for gas retailing licences in the country's biggest city gas distribution (CGD) bid round.

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India’s Dirty Secret Is an Oil Market Headache

India’s Dirty Secret Is an Oil Market Headache

That’s the problem confronting the oil market as the global shipping industry starts implementing regulations to limit its consumption of sulfur, a common impurity in crude that can cause respiratory problems and acid rain when it’s burned.

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Mukesh Ambani eyes $2.5 billion from overseas to fund his telecom, retail aggression

Mukesh Ambani eyes $2.5 billion from overseas to fund his telecom, retail aggression

Mukesh Ambani-controlled Reliance Industries is in talks with banks to raise up to $2.5 billion in loans from overseas market as it steps up pace of investments in telecom and retail businesses, four people familiar with the matter said.

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Crude oil reality for Indian investors

Crude oil reality for Indian investors

India’s energy sector is affected by swings in crude oil prices, since the country is a major net importer of crude and gas. The domestic energy sector is also subject to major government interference of a type that causes poor financial performance. Primary producers like ONGC and OIL are not allowed to maximise profits when prices are hi

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How Trump is about to send world oil prices soaring even higher

How Trump is about to send world oil prices soaring even higher

From its office in Paris, out of sight of the drama of US President Donald Trump’s European adventure, the International Energy Agency’s Oil Market Report makes for sober reading. Its June report suggests that the oil market will be “finely balanced next year,” which is a polite way of saying that it will be turbulent and – in essence – a mess.

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Reliance Industries plans to borrow $6 billion in fresh debt current fiscal

Reliance Industries plans to borrow $6 billion in fresh debt current fiscal

Reliance Industries, India’s second-largest company by market value, plans to raise about 400 billion rupees ($5.8 billion) in fresh debt this financial year as it expands its consumer businesses, according to people familiar with the matter.

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Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks

Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks

Oil prices on Wednesday extended gains from the previous session, buoyed after official data showed that U.S. inventories of gasoline, diesel and heating oil unexpectedly fell last week.

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TDP accuses Centre of causing loss to exchequer

TDP accuses Centre of causing loss to exchequer

The Telugu Desam Party (TDP) accused the Narendra Modi government of causing a revenue loss to the government by camouflaging a deal entered into between private firm Essar OilNSE -0.04 % and Russian energy giant Rosneft as a government-to-government transaction.

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India's demand for oil is strong, says Philip Verleger

India's demand for oil is strong, says Philip Verleger

India's demand for oil is strong and the country is trying to figure out how to deal with Iran sanctions, said Philip Verleger, president at PKVerliger.

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Government looks to sell viable infrastructure projects to private companies

Government looks to sell viable infrastructure projects to private companies

The government is looking to sell successfully running public sector infrastructure projects such as power and steel plants to private companies in a bid to boost green-field investment and create fresh capacity.

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245 infrastructure projects in India delayed, 345 report cost overrun

245 infrastructure projects in India delayed, 345 report cost overrun

As many as 245 projects have shown time overrun, while cost escalation has been found in 345 cases -- out of 1,315 infrastructure projects monitored by the government, Parliament was informed.

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From discounts to faster trains: 10 steps Indian Railways is taking to improve occupancy

From discounts to faster trains: 10 steps Indian Railways is taking to improve occupancy

Occupancy on Indian Railways: In a bid to improve occupancy on some less popular Indian Railways trains the national transporter says it has taken several steps. As the demand is not uniform in Indian Railways,

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These two freight corridors will change the way India transports goods

These two freight corridors will change the way India transports goods

India is all set to get its first publicly owned freight corridors on August 15. According to the Make-in-India report of 2017, three million tonnes of freight is transported through rail tracks daily.

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Konkan and Western Railways of Mumbai to Run Special Trains for Ganesh Festival; Check Full List of Additional Trains

Konkan and Western Railways of Mumbai to Run Special Trains for Ganesh Festival; Check Full List of Additional Trains

With only a month's time left for the annual Ganesh festival on September 13 this year, the Indian Railways of Konkan and Western division of Mumbai will run special trains for people's convenience.

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Indian Railways to lay 4,100 km of rail tracks in 2018-19; includes 1,000 km of new lines

Indian Railways to lay 4,100 km of rail tracks in 2018-19; includes 1,000 km of new lines

Railways has set a target of laying 4,100 km of tracks in 2018-19, which includes 1,000 km of new lines, the Minister of State for Railways Rajen Gohain told the Lok Sabha today.

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NYK Auto Logistics inks JV with Adani Group to provide Rail logistics services for Automobile Transportation

NYK Auto Logistics inks JV with Adani Group to provide Rail logistics services for Automobile Transportation

Japan-based conglomerate NYK has established a joint venture (JV) with port owner Adani Group to capitalize on the rapid growth in India’s automotive trade.

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Unmanned Aerial Vehicles (Drones) with its superior capabilities brings in new metamorphosis to Indian Railways

Unmanned Aerial Vehicles (Drones) with its superior capabilities brings in new metamorphosis to Indian Railways

There is an ascending demand for drones in Indian Railways over the past 4 years. There have been a number of Zonal Railway establishments and the Rail EPC firms that have steered and even scaled up operations of drones for their construction and operations along the Railway lines.

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Railways have taken up 180 new line projects in various states: Gohain

Railways have taken up 180 new line projects in various states: Gohain

Railways have taken up 180 new line projects in several states which are in various stages of execution, Minister of State for Railways Rajen Gohain said today.

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Railway introduces new facility: Book unreserved tickets on mobile

Railway introduces new facility: Book unreserved tickets on mobile

The Delhi division of the Northern Railways on Wednesday introduced a facility to make the bookings of unreserved tickets through mobile from every railway station of Delhi NCR.

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