GOOD EVENING INDIA

October 17, 2018, Wednesday

Your Evening News Updates From Across The Media Space

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Rupee Breaches 70 Mark Against US Dollar For First Time Ever: 10 Points

Rupee Breaches 70 Mark Against US Dollar For First Time Ever: 10 Points

The battered rupee breached the 70 mark against the US dollar for the first time ever on Tuesday. After posting its weakest ever loss of Rs. 1.09 against the US dollar on Monday, the rupee strengthened by 23 paise in early trade on Tuesday.

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Reliance, BP spend Rs 7,000 cr to prolong output from D1, D3 fields in KG-D6 block

Reliance, BP spend Rs 7,000 cr to prolong output from D1, D3 fields in KG-D6 block

Reliance Industries and its partner BP plc of UK have spent over Rs 7,000 crore in prolonging output from the flagging D1 and D3 gas fields in the Bay of Bengal as they prepare new fields that will start production in mid-2020, sources in the consortium said.

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REC Inks 200 Million Euro Deal with German Bank KfW

REC Inks 200 Million Euro Deal with German Bank KfW

REC Limited, the state owned power sector financier, signed a 200 million Euro loan with the German bank KfW in Frankfurt on 13th August 2018.

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Troubled power corps irked over govt's move to export 300 Mw to Bangladesh

Troubled power corps irked over govt's move to export 300 Mw to Bangladesh

In a case of domestic coal being utilised for feeding power into a neighbouring country, India has allowed NTPC-Damodar Valley Corporation (DVC) combine to export 300 megawatt (Mw) power each, on long-term and short-term basis to Bangladesh.

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Renewable energy will be ‘effectively free’ by 2030

Renewable energy will be ‘effectively free’ by 2030

Analysts at Swiss investment bank UBS believe that by 2030, we could all be living without much of a carbon footprint — at least at home. The analysts believe that the cost of renewable energy will continue to dive heading into the next decade, and that by 2030

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Power sector NPAs: Allahabad high court asks RBI to make final submissions

Power sector NPAs: Allahabad high court asks RBI to make final submissions

The Allahabad high court has asked Reserve Bank of India to make its final submissions on the case filed against its circular by power companies while fixing the matter for hearing on Aug 20.

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Adani Green Energy says solar tender for 300 Mw projects annulled

Adani Green Energy says solar tender for 300 Mw projects annulled

Adani Green Energy Ltd (AGEL) today said a tender for setting up solar power generation projects of 300 Megawatt capacity has been annulled.

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Govt looking to divest stake in 6 state-run firms

Govt looking to divest stake in 6 state-run firms

The government may sell stake in six state-run companies, including NTPC, MMTC, BHEL and Coal India. A report by ETNow said that government readies divestment plan from September-March period. It may divest 3 per cent stake in NTPC and 15 per cent stake in MMTC.

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GIG acquires Asia-Pacific solar portfolio from Conergy

GIG acquires Asia-Pacific solar portfolio from Conergy

Green Investment Group (GIG) announced today it has acquired a “significant” solar development portfolio in the Asia Pacific region from downstream solar company Conergy Asia & ME Pte Ltd.

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Steel sector feels assured of steady growth in demand

Steel sector feels assured of steady growth in demand

Last week, we had envisaged a strong IIP growth in June’18 based on a robust growth achieved by the eight core sectors (crude oil, refinery products, coal, cement, steel, fertiliser, electricity, natural gas) which have a combined weight of 40.2% in IIP released earlier in the month.

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NTPC may issue 2.5 mt coal import tender by mid-September

NTPC may issue 2.5 mt coal import tender by mid-September

NTPC, India’s largest power producer, is planning to issue a tender for import of 2.5 million tonne of coal by mid-September to cater to the growing power demand in the country. The PSU last imported coal three years ago.

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Stalemate over Bhangar power grid project ends, work to begin on August 14

Stalemate over Bhangar power grid project ends, work to begin on August 14

In a major victory to the Mamata Banerjee government, the authorities have managed to end the logjam in the Bhangar power grid project.

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Solar tariff tumble stirs coal concerns

Solar tariff tumble stirs coal concerns

Recent developments in the renewable energy space saw a record drop in solar power tariffs and technological improvement in the energy storage solutions. This has put a question mark on the future of coal as a dominant yet polluting, depleting and costly source of energy for which citizens continue to pay a premium pri

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Conducting study on using CNG-hydrogen mixed fuel: Indian Oil TO SC

Conducting study on using CNG-hydrogen mixed fuel: Indian Oil TO SC

Indian Oil Corporation Ltd (IOCL) on Monday told the Supreme Court that it was conducting a study on using mixture of CNG and hydrogen fuel for buses and would take around six months to come out with a "workable result" on it.

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US sanctions impact: Iran offers oil to Asia at cheapest rate in 14 years

US sanctions impact: Iran offers oil to Asia at cheapest rate in 14 years

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 Tuesday. The "informed source" in Iran's oil ministry did not give details of the discount, but sought to downplay the move as common industry practice.

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A K Singh joins as Director (Pipelines) of Indian Oil

A K Singh joins as Director (Pipelines) of Indian Oil

Mr. Akshay Kumar Singh has joined as Director (Pipelines) of Indian Oil Corporation (IndianOil), the country’s largest commercial enterprise and the top-ranked Indian corporate in Fortune’s ‘Global 500’ listing.

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Petrol, diesel price on 14th August 2018: Check out rates in metro cities

Petrol, diesel price on 14th August 2018: Check out rates in metro cities

Petrol and Diesel prices were unchanged in four metro cities after two days of pause, applicable from 6:00 a.m. on 14th August 2018.

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Adani walks away with gas rights for 21 cities; BPCL bags 11 cities

Adani walks away with gas rights for 21 cities; BPCL bags 11 cities

Billionaire Gautam Adani's group has bagged licences to retail gas in 21 cities in the latest city gas distribution bid round that saw state-owned Bharat Petroleum Corp Ltd's unit and Torrent Gas emerging as the other big winners.

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India's fuel product sales rises 7.4% in July 2018

India's fuel product sales rises 7.4% in July 2018

India's fuel product consumption or sales increased 7.4% to 17.06 mt in July 2018 over a year ago. Naphtha sales jumped 60.7% to 1.14 mt, diesel 4.9% to 6.61 mt, petrol 7.8% to 2.31 mt, LPG 6.0% to 2.04 mt and bitumen 52.9% to 0.32 mt.

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Wheels India commences supply of suspension parts to Railways

Wheels India commences supply of suspension parts to Railways

TVS Group company Wheels India today said it has commenced supply of suspension parts to the Indian Railways for use in LHB (Linke Hofmann Busch) coaches.

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IRCTC e-ticket booking: Now passengers can make payment through PhonePe option on the IRCTC Rail connect app

IRCTC e-ticket booking: Now passengers can make payment through PhonePe option on the IRCTC Rail connect app

IRCTC and PhonePe partnership: Big news for frequent Indian Railways passengers! In a bid to facilitate convenient, fast as well as secure payments on the IRCTC Rail connect Android app, the e-ticketing and catering arm of the Indian Railways, Indian Railway Catering and Tourism Corporation (IRCTC) has joined hands with PhonePe recen

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Good news! Indian Railways fares for AC travel reduced in these trains; check list here

Good news! Indian Railways fares for AC travel reduced in these trains; check list here

Good news for people who travel frequently in Indian Railways! Recently, in order to encourage more passengers to travel in air-conditioned (AC) coaches or chair cars of Indian Railways’ trains, the national transporter has decided to reduce the fare amount of 5 Express train services.

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Central Railway takes up restoration of Chhatrapati Shivaji Maharaj Terminus

Central Railway takes up restoration of Chhatrapati Shivaji Maharaj Terminus

Artists skilled in stone carving have been roped in to restore the iconic Chhatrapati Shivaji Maharaj Terminus (CSMT) in Mumbai to its past glory, a Central Railway official said.

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Land acquisition rule for highways may be eased

Land acquisition rule for highways may be eased

The government is considering easing the mandatory 80% land acquisition condition before highways construction can start to speed up road building and start more projects before the next elections.

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After 20 months, Green Buses go off roads as Scania sticks to stand

After 20 months, Green Buses go off roads as Scania sticks to stand

India’s first Green Bus project launched in the city 20 months ago has come to a halt. Despite request from city MP and union minister Nitin Gadkari, Swedish bus maker Scania stopped operating 25 ethanol-run buses from Monday morning sticking to its termination notice issued to Nagpur Municipal Corporation (NMC).

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Bengaluru transport corporation asks government to provide priority lanes for buses

Bengaluru transport corporation asks government to provide priority lanes for buses

With the average speed of public buses down to a crawl, the Bengaluru Metropolitan Transport Corporation (BMTC) is keen to have bus priority lanes at least on some roads in the city. The idea, rejected by the previous government, could now come up before the yet-to-be-formed Integrated Road Transport Authority.

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