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October 20, 2018, Saturday

Your Evening News Updates From Across The Media Space

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Finance Minister Arun Jaitley to resume office in third week of August

Finance Minister Arun Jaitley to resume office in third week of August

Union inister Arun Jaitley, who had undergone a kidney transplant surgery on May 14, is likely to resume office of Finance Minister in the third week of August, sources said. Jaitley, according to sources, is recovering well and will be able to assume the responsibilities of the Finance Ministry.

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Number of power plants facing coal shortage has come down, says govt

Number of power plants facing coal shortage has come down, says govt

The number of power plants facing coal shortages has reduced in the last four months as state-owned CIL and the railways worked jointly to augment the supplies, Parliament was informed today.

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Water release for hydropower to continue from Pavana dam in Maharashtra

Water release for hydropower to continue from Pavana dam in Maharashtra

The irrigation department will continue to release water from the Pavana dam for hydropower generation in Maharashtra.

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PSPCL sets new record of supplying highest-ever energy

PSPCL sets new record of supplying highest-ever energy

Punjab State Power Corporation Limited (PSPCL) has set a new record of supplying highest-ever energy in a day on August 4. It supplied 2,749 lakh units (LUs) of energy on Saturday.

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Smart meters in 130 towns, villages soon

Smart meters in 130 towns, villages soon

The Energy Efficiency Services Limited (EESL) on Sunday signed two MoUs (Memoranda of Understanding) with the North Bihar Power Distribution Company Limited (NBPDCL) and the South Bihar Power Distribution Company Limited (SBPDCL) to install smart meters in 130 towns and rural areas of the state, covering nearly 18 lakh consumers.

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Inefficient evacuation continues, say wind turbine owners

Inefficient evacuation continues, say wind turbine owners

Payments from the Tamil Nadu Generation and Distribution Company continue to get delayed by more than a year, wind turbine owners said.

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Gujarat leads India in approved capacity at solar park

Gujarat leads India in approved capacity at solar park

Gujarat has emerged has as the top state in terms of approved power generation capacity in various solar parks. Out of the total 26,449MW capacity approved in 45 solar parks in 22 states

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India confident of achieving solar targets at affordable tariffs despite levying safeguard duty

India confident of achieving solar targets at affordable tariffs despite levying safeguard duty

India remains confident that the imposition of safeguard duty on solar cell and module imported from China and Malaysia will not impact its marquee solar power programme, said Anand Kumar, secretary in the ministry of new and renewable energy.

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Coal miners to see improved finances: BMI

Coal miners to see improved finances: BMI

A new report by BMI Research states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong due to the economic aspect of the fossil fuel and therefore producers will see improving financials over the coming years.

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Modi govt likely to sell at least 5% stake in Coal India this fiscal

Modi govt likely to sell at least 5% stake in Coal India this fiscal

Faced with the lack of any-big ticket disinvestment, the Narendra Modi government is considering selling at least 5 per cent stake in Coal India this fiscal year, Business Standard has learnt. At current market capitalisation levels, a 5 per cent stake sale will fetch the exchequer around Rs 88 billion.

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Higher realisations come as a boost to ONGC; volume growth may pick up

Higher realisations come as a boost to ONGC; volume growth may pick up

Improving realisations was the main factor responsible for ONGC’s better-than-expected performance in the June quarter, at both revenue and operating profit levels. And the trend is likely to remain positive, which is why analysts are positive on the company.

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Commodity outlook: Oil on way to build big gains today

Commodity outlook: Oil on way to build big gains today

Crude oil is poised to scoop up big gains on Tuesday while natural gas is expected to run with an upside bias, says SMC Global Securities. How is the day going to look like for key commodities today? Let's see.

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Oil up as U.S. sanctions on Iran expected to tighten supply

Oil up as U.S. sanctions on Iran expected to tighten supply

Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply. Brent crude oil futures were up 50 cents to $74.25 per barrel at 0928 GMT and U.S. West Texas Intermediate (WTI) crude futures were up 29 cents at $69.30 a barrel.

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Vedanta set to bag 40 oil and gas blocks in country's first open acreage auction

Vedanta set to bag 40 oil and gas blocks in country's first open acreage auction

Anil Agarwal-led Vedanta is likely to bag as many as 40 oil and gas exploration blocks in India's maiden open acreage auction, official sources said today. An Empowered Committee of Secretaries (ECS) has cleared award of blocks offered in OALP-1, bidding for which closed on May 2, they said.

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Reliance Industries' bid for jet fuel JV spooks oil marketing firms, AAI: report

Reliance Industries' bid for jet fuel JV spooks oil marketing firms, AAI: report

The oil marketing companies (OMCs) and the Airports Authority of India (AAI) are unable to decide whether to bring in Reliance Industries (RIL) in the joint venture to sell aviation turbine fuel (ATF), Business Standard reported.

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Petrol, diesel price on 7th August 2018: Check out rates in metro cities

Petrol, diesel price on 7th August 2018: Check out rates in metro cities

Petrol and Diesel prices were raised in four metro cities applicable from 6:00 a.m. on 7th August 2018. Petrol prices were hiked by 9 paise in Delhi, Mumbai, and Chennai respectively while in Kolkata petrol prices were hiked by 11 paise.

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Oil rises ahead of renewed US sanctions against Iran

Oil rises ahead of renewed US sanctions against Iran

Oil prices rose on Tuesday ahead of the introduction of US sanctions against major crude exporter Iran. Spot Brent crude oil futures were at $73.88 per barrel at 0241 GMT on Tuesday, up 13 cents, or 0.2 percent, from their last close.

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L&T construction arm bags orders worth Rs 1,904 crore

L&T construction arm bags orders worth Rs 1,904 crore

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,904 crore across business segments in the domestic and international markets. L&T said its power transmission and distribution business has bagged multiple orders worth Rs 1,723 crore.

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Nitin Gadkari: Policy initiatives jack up highways award to 51,073 km, construction to 28,531 km

Nitin Gadkari: Policy initiatives jack up highways award to 51,073 km, construction to 28,531 km

Major policy initiatives coupled with expeditious land acquisition resulted in highest ever award of 51,073 km of highways and construction of 28,531 km over the last four years, Union Minister Nitin Gadkari said today.

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Cabinet likely to consider long-awaited station redevelopment proposal on Wednesday

Cabinet likely to consider long-awaited station redevelopment proposal on Wednesday

Finally overcoming many roadblocks, Railway Minister Piyush Goyal is likeley to pilot the long awaited station redevelopment proposal in the Cabinet meeting slated for Wednesday seeking involvement of the private sector in redeveloping 600 stations on an extended 99-year lease period.

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Bharatmala Project: Nine Of 44 Economic Corridors Soon To Be Connected By Expressways

Bharatmala Project: Nine Of 44 Economic Corridors Soon To Be Connected By Expressways

Nine of 44 economic corridors planned by the Central government across the country will soon be linked by expressways, Business Standard has reported. This will lead to seamless trade across these economic corridors, thereby saving cost, time and fuel.

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NHAI invites bids for 8 NH stretches in Rajasthan, Gujarat, Bihar and West Bengal

NHAI invites bids for 8 NH stretches in Rajasthan, Gujarat, Bihar and West Bengal

National Highways Authority of India (NHAI) has invited bids for Second Bundle of national highways under the toll-operate-transfer (TOT) model.

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NHAI to float tender for Chennai-Bengalur Expressway

NHAI to float tender for Chennai-Bengalur Expressway

Deccan Chronicle reported that the National Highways Authority of India (NHAI) is gearing up to float a tender for commencing the long-pending 262-km of Chennai-Bengaluru Green Expressway.

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NHAI files complaint against rogue firm Era Infra Engineering Limited

NHAI files complaint against rogue firm Era Infra Engineering Limited

Times of India reported that the National Highways Authority of India (NHAI) has filed a police complaint against Era Infra Engineering Limited, the firm which was assigned construction of the 134km Bareilly-Sitapur stretch of NH-24, a portion of which caved in on Saturday.

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NHAI sets base price of ₹ 5,362 crore for next TOT auction

NHAI sets base price of ₹ 5,362 crore for next TOT auction

The National Highways Authority of India (NHAI) has set the base price for the second package of toll-operate-transfer rights (TOT) auction of public roads at ₹ 5,362 crore.

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Nitin Gadkari Is Right: There Aren’t Enough Government Jobs To Go Around

Nitin Gadkari Is Right: There Aren’t Enough Government Jobs To Go Around

Responding to questions on the Maratha reservation agitation last week, Union Minister Nitin Gadkari was candid about limitation of reservations in dealing with the employment crisis.

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