GOOD EVENING INDIA

October 16, 2018, Tuesday

Your Evening News Updates From Across The Media Space

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India’s first Rs 7.5 lakh crore company! Mukesh Ambani’s Reliance achieves yet another feat after beating TCS

India’s first Rs 7.5 lakh crore company! Mukesh Ambani’s Reliance achieves yet another feat after beating TCS

Reliance Industries Ltd, the Mukesh Ambani-led oil-to-textile-to-telecom conglomerate, became India’s first Rs 7.5 lakh crore company in the stock market history on Tuesday, 31 July 2018.

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Coal India to procure Rs 13,000 crore mining equipment in three years

Coal India to procure Rs 13,000 crore mining equipment in three years

State-owned miner Coal India Ltd (CIL) has decided to procure mining equipments worth USD two billion through global tender over the next three years to ramp up coal production to meet the growing demand.

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Piramal  Group  seeks  to  form renewable energy platform

Piramal  Group  seeks  to  form renewable energy platform

Piramal Group is looking to set up an aggregation cum investment platform for renewable energy assets, group chairman Ajay Piramal said in an interview.

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Acute coal crisis hits Nalco power plant

Acute coal crisis hits Nalco power plant

Web India reported that the 1200 MW NALCO Captive Power Plant which supplies uninterrupted power to its smelter plant has plunged into a crisis due to short supply of coal from coalmines of Mahanadi Coalfield Limited.

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Tata Power Gets Shareholders’ Approval to Raise ₹55 Billion

Tata Power Gets Shareholders’ Approval to Raise ₹55 Billion

India’s leading renewable energy project developer, Tata Power, has received approval from its shareholders to raise up to ₹55 billion (~$801.11 million) through the issuance of non-convertible debentures on a private placement basis, reported PTI.

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GUVNL to procure 1,000MW for September-November

GUVNL to procure 1,000MW for September-November

Faced with reduced supply of electricity by private sector companies under power purchase agreements (PPAs), state-run Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids to procure 1,000 MW power on short-term basis through tariff based competitive bidding.

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NLC India to increase power generation capacity: CMD

NLC India to increase power generation capacity: CMD

Chairman and managing director of State-owned NLC India Ltd Sarat Kumar Acharya today said it would increase power generation capacity to 3,000 MW.

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US signs MoU with India for 41 MW power project in Andhra

US signs MoU with India for 41 MW power project in Andhra

US trade development agency on Tuesday signed a memorandum of understanding with an Indian private company for the development of a 41-MW hybrid wind, solar, and energy storage power plant in Andhra Pradesh.

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India’s natural gas production will double in four years: Oil Ministry

India’s natural gas production will double in four years: Oil Ministry

India’s natural gas production is expected to double to 72 billion cubic meter (bcm) in four years through 2022, the oil ministry recently told a Parliamentary panel. The government is currently working on a plan to shift the country towards a gas-based economy.

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Petrol, diesel price on 31st July 2018: Check out rates in metro cities

Petrol, diesel price on 31st July 2018: Check out rates in metro cities

Petrol and Diesel prices were hiked in four metro cities applicable from 6:00 a.m. on 31st July 2018. Petrol prices were hiked by 6 paise while diesel prices were hiked by 7 paise in all the metro cities of Delhi, Kolkata, Mumbai, and Chennai.

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US India Gas Task Force designed to help India unleash its own natural gas reserves: Perry

US India Gas Task Force designed to help India unleash its own natural gas reserves: Perry

The recently established US-India Gas Task Force is designed to help India unleash its own natural gas potential, US Energy Secretary Rick Perry said today.

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Restrict import of duty free oil from SAARC countries: Traders to Centre

Restrict import of duty free oil from SAARC countries: Traders to Centre

Claiming that traders were routing edible oils produced in Malaysia and Indonesia through SAARC countries to evade import duties in India, Saurashtra Oil Mills Association (SOMA),

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Crude prices may head higher by 2018-end; Here's what to bet on, and what to avoid

Crude prices may head higher by 2018-end; Here's what to bet on, and what to avoid

Large caps have kept the benchmark indices higher and midcaps have been struggling in the past few weeks. In spite of the recent trend, Nifty(P/E) is still at about 18.5 percent premium to historical averages, Suhas Harinarayanan, Head-Institutional Equity Research,

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OMCs make provisions for PMUY losses

OMCs make provisions for PMUY losses

State-run oil marketing companies (OMCs) classified a section of loans provided to beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) in FY18 as ‘doubtful’ as recipients did not ask for LPG refill for a year.

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Heartburn for ONGC: For HPCL, majority owner is still the President of India with 0% stake

Heartburn for ONGC: For HPCL, majority owner is still the President of India with 0% stake

Though oil refiner-retailer Hindustan Petroleum Corporation (HPCL) was taken over by Oil and Natural Gas Corporation (ONGC) in January this year, the former is yet to recognise the upstream major as its promoter in the mandatory quarterly filings with the stock exchanges.

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Why is Saudi Arabia halting oil shipments through the Red Sea

Why is Saudi Arabia halting oil shipments through the Red Sea

Saudi Arabia announced last week it was suspending oil shipments through the Red Sea’s Bab al-Mandeb strait after Yemen’s Iran-aligned Houthis attacked two ships in the waterway.

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India to award first rail supply contract to local firms: Sources

India to award first rail supply contract to local firms: Sources

India is set to award its first global rail supplies tender to local firms, shunning major foreign bids, as part of its efforts to develop domestic manufacturing, two sources with direct knowledge of the matter said.

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Bogibeel: India’s longest rail-cum-road bridge by Indian Railways likely to open in October this year

Bogibeel: India’s longest rail-cum-road bridge by Indian Railways likely to open in October this year

Bogibeel, India’s longest rail-cum-road bridge, is likely to be inaugurated in October this year. Bogibeel bridge in the North-East part of India has been a major engineering challenge for Indian Railways.

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Uttar Pradesh to become India's first state to get Rapid Rail

Uttar Pradesh to become India's first state to get Rapid Rail

Uttar Pradesh will soon become country's first state to get Rapid Rail in the first phase of implementation of RRTS. The ambitious rapid rail project will connect Delhi and Meerut in the first corridor.

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Pink Line's new section to open on August 6

Pink Line's new section to open on August 6

The much awaited Durgabai Deshmukh South Campus to Lajpat Nagar section of Delhi Metro's Pink Line will be opened for public from August 6, Monday.

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Highway projects worth Rs 6.45 L cr for 61,164 km underway: Govt

Highway projects worth Rs 6.45 L cr for 61,164 km underway: Govt

Highway projects worth Rs 6.45 lakh crore for the development of 61,164 km are currently underway in the country, Parliament was informed today.

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