GOOD EVENING INDIA

October 16, 2018, Tuesday

Your Evening News Updates From Across The Media Space

CIL earns 39% premium on 6.38 mt auctioned coal

CIL earns 39% premium on 6.38 mt auctioned coal

Coal India has managed an average premium of 39% on 6.38 million tonnes of coal it auctioned to sponge iron customers, helping the state-run coal monopoly get additional annual revenue of Rs 1,248 crore for five years, a company executive said.

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India's thermal coal imports rise over 14 percent in second quarter

India's thermal coal imports rise over 14 percent in second quarter

India`s thermal coal imports rose by more than 14 percent in the second quarter of 2018 from a year earlier, putting the energy-hungry nation on track for a rise in annual imports after two straight years of decline.

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Delhi government to launch solar rooftop demand aggregation program

Delhi government to launch solar rooftop demand aggregation program

In a bid to increase the adoption of clean energy, the Delhi government is planning to launch Solar Rooftop Demand Aggregation Program for domestic customers.

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Karnataka takes lead in renewable energy, says IEEFA

Karnataka takes lead in renewable energy, says IEEFA

Karnataka is the new national leader in renewable energy generation, US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday. It has overtaken Tamil Nadu that had long been India's top renewables market.

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Power sector NPAs may be resolved soon

Power sector NPAs may be resolved soon

Lenders have taken a significant step in resolving debts of about a dozen distressed power companies, with at least four to be taken to bankruptcy court and the rest to be put up for sale, said two people with knowledge of the matter.

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Trump Trade War - US fails to address India’s concerns

Trump Trade War - US fails to address India’s concerns

Mint, citing people familiar with the development, reported that the United States on Friday failed to address specific issues raised by India, and five other countries, in separate trade disputes at the World Trade Organization against President Donald Trump’s unilateral measures to impose additional duty on imports of steel and aluminum.

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Power connection to households in 7 districts by next week

Power connection to households in 7 districts by next week

Bihar State Power Holding Company Limited (BSPHCL) officials on Monday claimed that household electricity connections in seven more districts — Jamui, Gaya, Aurangabad, Nawada, Araria, Begusarai and Katihar — would be provided by next week.

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NDA to showcase its 24x7 power success nationally

NDA to showcase its 24x7 power success nationally

With a clear eye on the poll calendar, including the 17th general election due early next year, the National Democratic Alliance (NDA) proposes to showcase its success to reach 24x7 power to all in the country.

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Massive 2.75 GW solar, wind, storage project approved in India

Massive 2.75 GW solar, wind, storage project approved in India

Recognised as a mega industrial project, the Greenko wind-solar hybrid project has been allotted around 4,766 acres of land. However, the company must complete the project within a period of four years (48 months), failing which the entire land will be handed back to the government of Andhra Pradesh.

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Lenders to take GMR Chattisgarh and Jindal India Thermal to bankruptcy court

Lenders to take GMR Chattisgarh and Jindal India Thermal to bankruptcy court

Lenders have taken a significant step in resolving debts of about a dozen distressed power companies, with at least four to be taken to bankruptcy court and the rest to be put up for sale

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Petrol prices cut by 7 paise in Delhi; check revised rates in Mumbai, Chennai, Kolkata

Petrol prices cut by 7 paise in Delhi; check revised rates in Mumbai, Chennai, Kolkata

Petrol prices were cut for the sixth straight day on Tuesday, with rates being cut by 7 paise in the major metros. Notably, one litre of petrol retailed at Rs 76.23 in Delhi, as compared to Rs 76.30 yesterday, implying a cut of 7 paise. In Mumbai, petrol prices were slashed by 7 paise to Rs 83.68.

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Oil prices fall as oversupply concerns weigh

Oil prices fall as oversupply concerns weigh

Oil prices extended losses on Tuesday as attention shifted to the risk of oversupply, with market participants shrugging off escalating tensions between the United States and Iran.

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There's No Easy Cure for High Gas Prices

There's No Easy Cure for High Gas Prices

Last week, Liam Denning and Elaine He explained the stark political math behind why President Donald Trump seems so agitated about high gasoline prices – it hits red-state drivers/voters the hardest.

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State-owned oil companies spend 20% of yearly capex target in Q1

State-owned oil companies spend 20% of yearly capex target in Q1

With global crude prices shooting up on account of sanctions on Iranian crude and other extraneous factors, state-owned firms are investing heavily in enhancing distribution channels, refining facilities, exploration and production to capitalize on the parallel rise in demand and prices.

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Iran ships 5.67 million tonnes of oil to India in April-June quarter, overtakes Saudi Arabia to become second largest supplier

Iran ships 5.67 million tonnes of oil to India in April-June quarter, overtakes Saudi Arabia to become second largest supplier

Iran was the second-biggest oil supplier to Indian State refiners between April and June, Petroleum Minister Dharmendra Pradhan said on Monday, as Tehran's steep discounts meant it replaced Saudi Arabia in second place. Iraq continues to be the top oil supplier to India.

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Indian Railways' Rs 2,500 crore global tender for supply of long rails to open today

Indian Railways' Rs 2,500 crore global tender for supply of long rails to open today

The Indian Railways' global tender worth Rs 2,500 crore for the supply of long rails will open today, sources in the ministry said.

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Travel firms train guns on IRCTC over new fee plan

Travel firms train guns on IRCTC over new fee plan

India’s online travel operators are up in arms over the new fee structure of the Indian Railway Catering & Tourism Corporation (IRCTC), which could increase the cost of providing the service of booking train tickets to customers almost 10-fold.

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Mumbai Transport Strike Day 4: Demands include getting diesel under GST

Mumbai Transport Strike Day 4: Demands include getting diesel under GST

On the fourth day of the ongoing nationwide transporters’ strike, more trucks stayed off roads on Monday, said transport organisations.

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Railways must rethink diesel loco investment

Railways must rethink diesel loco investment

The railways may need to revisit the issue of setting up of diesel locomotive manufacturing units and examine whether it is prudent to create assets and infrastructure for which it may have no useful requirement in future, the Comptroller and Auditor General (CAG) has said.

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Mumbai: Western Railway to begin work towards demolition of Lower Parel's Delisle bridge

Mumbai: Western Railway to begin work towards demolition of Lower Parel's Delisle bridge

Railway authorities will begin the work on Lower Parel's Delisle bridge today, which is scheduled to be demolished sometime around mid-August days after preparations are in place for the same. The bridge was built in 1921.

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