GOOD EVENING INDIA

December 17, 2018, Monday

Your Evening News Updates From Across The Media Space

After infra and power, renewable energy firms new stress points for banks

After infra and power, renewable energy firms new stress points for banks

The Indian banking system, which is already struggling with large non-performing assets (NPAs) from the infrastructure and power sector, is likely to see further additions in 2018.

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Bhushan Power race on

Bhushan Power race on

Bids for Bhushan Power & Steel Ltd (BPSL) may top Rs 21,000 crore as JSW Steel, Tata Steel and Liberty House of the UK are all set to make an aggressive pitch to acquire the company under the bankruptcy process.

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Power sector continues to be the dark horse: Sanjiv Bhasin, IIFL

Power sector continues to be the dark horse: Sanjiv Bhasin, IIFL

Sanjiv Bhasin, Executive VP-Markets & Corporate Affairs, India Infoline, tells ET Now that top midcap idea would be the consumption plays like Havells, Voltas

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Padmesh Gupta on Coal Mines Allocation and Privatization

Padmesh Gupta on Coal Mines Allocation and Privatization

The Union Cabinet made an important announcement in the month of February this year when it opened up the coal sector to commercial mining by private companies. Coal mining has been authoritatively controlled by the State for the past 41 years.

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KKR to buy control of REEL for $530 million, one of India's biggest buyouts

KKR to buy control of REEL for $530 million, one of India's biggest buyouts

Private equity firm KKR & Co said it will acquire a 60 per cent stake in India's Ramky Enviro Engineers Ltd (REEL) for $530 million, adding it was one of India's largest buyouts.

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Only 7% pay power bills online, way below nat’l avg

Only 7% pay power bills online, way below nat’l avg

More consumers are taking to paying their electricity bills online, as the electricity department’s revenue from online payments has increased by more than Rs 20 crore from last year.

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Madras High Court allows solar import release without paying safeguard duty

Madras High Court allows solar import release without paying safeguard duty

In a new twist to the imposition of safeguard duty on imported solar panels and modules from July 30, the Madras High Court permitted Shapoorji Pallonji Infrastructure to get its consignment of panels from overseas released by customs officials at Chennai port without paying the duty.

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Ground realities force Coal India to push back production target

Ground realities force Coal India to push back production target

Coal India Ltd, the world's biggest miner, has pushed back its ambitious 1 billion tonne production target by at least two years owing to the existing ground realities, a top official of the company has said.

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Power sector NPAs: Govt, RBI's different stand in HC could create confusion

Power sector NPAs: Govt, RBI's different stand in HC could create confusion

Insolvency concerns might have caused further distress in a large number of infrastructure companies but the power sector is being dealt with by the government differently.

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CIL list a work in progress, six months after power ministry order

CIL list a work in progress, six months after power ministry order

The Ministry of Power is facing difficulty in supplying coal to the power plants, located far from the mines, as Coal India Limited (CIL) hasn’t prepared a list of such plants in the past six months.

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India’s fuel demand grew 7.36 per cent in July on higher diesel, naphtha sales

India’s fuel demand grew 7.36 per cent in July on higher diesel, naphtha sales

India’s fuel demand grew 7.36 per cent to 17,057 tonne in July as compared to the corresponding month a year ago, driven by an increase in sales of naphtha, diesel, petrol, aviation turbine fuel (ATF) and pet coke during the month, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.

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IOC chairman says U.S. sanctions on Iran pose no threat to Chennai refinery expansion

IOC chairman says U.S. sanctions on Iran pose no threat to Chennai refinery expansion

Indian Oil Corp’s plans to expand its Chennai refinery are not likely to be threatened by the impending U.S. sanctions against Iran, Chairman Sanjiv Singh said on Monday.

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Iran counters US oil sanction with discount offer, India may benefit

Iran counters US oil sanction with discount offer, India may benefit

Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Monday.

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IOC says will invest Rs 20,000 crore in city gas projects in 5-8 years

IOC says will invest Rs 20,000 crore in city gas projects in 5-8 years

Indian Oil Corp (IOC), the nation's largest oil company, plans to invest Rs 20,000 crore in city gas distribution projects in next 5-8 years as it bets big on gas business to complement its traditional oil refining and marketing business, its chairman Sanjiv Singh said today.

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Petrol, diesel price on 13th August 2018: Check out rates in metro cities

Petrol, diesel price on 13th August 2018: Check out rates in metro cities

Petrol and Diesel prices were hiked in four metro cities after two days of pause, applicable from 6:00 a.m. on 13th August 2018.

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Taxibots To Tow Aircrafts, To Save Fuel, Cut Pollution At Airports

Taxibots To Tow Aircrafts, To Save Fuel, Cut Pollution At Airports

Aviation watchdog DGCA has allowed the use of taxibots -- a semi-robotic vehicle -- to tow aircrafts, whose engines will be shut, from the parking bay to the runway holding pointing to curb pollution at airports and save fuel.

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Kerala GAIL Gas Ltd likely to be wound up

Kerala GAIL Gas Ltd likely to be wound up

The state government is likely to wind up the Kerala GAIL Gas Ltd (KGGL), floated towards the end of 2011 to execute ‘city gas’ projects in different parts of the state.

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Piped gas spreads to East

Piped gas spreads to East

Eastern India is likely to garner a substantial part of the Rs 70,000-crore investments expected to be made by the winners of the ninth round of city gas distribution bidding. The government is partially funding the construction of the pipeline to boost gas consumption in the region.

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Indian Railways want to expand bullet train to four metro cities

Indian Railways want to expand bullet train to four metro cities

Indian Railways is all set to make travelling faster, sleeker and a lot better. They now plan to set up high-speed rail network across four metro cities – Delhi, Chennai, Mumbai and Kolkata. The government too has earmarked routes to initiate feasibility studies for the Bullet Train project.

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Want to drive India’s first bullet train? Knowing Japanese could be your ticket

Want to drive India’s first bullet train? Knowing Japanese could be your ticket

In addition to other qualifications, knowledge of the Japanese language could be a useful asset for those aspiring to drive

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Independence Day 2018 traffic restrictions in Delhi: Roads closed, Delhi Metro restrictions, other routes

Independence Day 2018 traffic restrictions in Delhi: Roads closed, Delhi Metro restrictions, other routes

National capital Delhi is gearing up to celebrate 72nd Independence Day on August 15 (Wednesday). In order to ensure foolproof security during celebrations on August 15,

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ORR metro contracts only after studying bid capacity, says BMRCL

ORR metro contracts only after studying bid capacity, says BMRCL

The Bengaluru Metro Rail Corporation (BMRCL) will award contracts for the 18-km Metro line on the outer ring road (ORR) only after studying the financial capacity of the lowest bidder.

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Piyush Goyal announces 50% reservation for women in upcoming RPF recruitment

Piyush Goyal announces 50% reservation for women in upcoming RPF recruitment

Piyush Goyal, Minister of Railways, announced on Sunday that there would be 50% reservation for women in the upcoming recruitment of up to 10,000 jawans for Railway Police Force.

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