GOOD EVENING INDIA

October 20, 2018, Saturday

Your Evening News Updates From Across The Media Space

India expected to surpass Britain to become world’s 5th largest economy next year: Arun Jaitley

India expected to surpass Britain to become world’s 5th largest economy next year: Arun Jaitley

Finance minister Arun Jaitley on Thursday said India is expected to surpass Britain next year to become world’s fifth largest economy. “This year, in terms of size, we have overtaken France

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Coal overvaluation case: Adani firm moves HC, seeks to quash LRs issued by DRI

Coal overvaluation case: Adani firm moves HC, seeks to quash LRs issued by DRI

Adani Enterprises Limited, the flagship firm of the Adani Group, has moved the Bombay High Court seeking to quash Letters Rogatory (LRs) issued by the DRI in 2016 in a case pertaining to alleged overvaluation of coal imports.

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Secret of Tamil Nadu’s energy: Wind & Water

Secret of Tamil Nadu’s energy: Wind & Water

From being a power deficient state, Tamil Nadu has risen to top the country in installed wind capacity, making it also one of the top states globally, behind only a few provinces in China and Texas in America, as a renewable energy generator.

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Reliance Infra to become debt free by next year: Anil Ambani

Reliance Infra to become debt free by next year: Anil Ambani

Reliance Infrastructure will become debt free by next year, said Reliance Group chairman Anil Ambani while announcing the approval granted by the R-Infra board to the deal to sell its Mumbai power business to Adani Transmission valued at Rs 18,800 crore.

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Adani Group acquires Reliance Infrastructure's Mumbai power business

Adani Group acquires Reliance Infrastructure's Mumbai power business

The Adani Group's Adani Transmission Ltd (ATL) has acquired Reliance Infrastructure's integrated business of generation, transmission and retail electricity distribution in Mumbai and Maharashtra, and will be known as 'Adani Electricity Mumbai Ltd.'

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NTPC open to buying stressed power assets

NTPC open to buying stressed power assets

Power generator NTPC is undertaking due diligence of some of the stressed power assets in the country. NTPC was not averse to acquiring them as long as they met a certain criteria, a top official of the public sector enterprise said, adding:

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Tata Power pips JSW to buy 75% in Prayagraj for Rs 6,000 crore

Tata Power pips JSW to buy 75% in Prayagraj for Rs 6,000 crore

Tata pipped JSW once again in a heated race to snap up stressed India Inc assets. Tata Power won the bid for Prayagraj Power Generation company — which runs a 1,980MW coal-fired electricity producing unit in Allahabad — with its Rs 6,000-crore offer.

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Rajashtan eyes solar projects of 2000 MW from recent SECI, NTPC auctions

Rajashtan eyes solar projects of 2000 MW from recent SECI, NTPC auctions

Rajasthan is a frontrunner to get more than half of the 5180 megawatt solar projects auctioned in the past two months by Solar Energy Corporation of India (SECI), NTPC and Maharashtra government under the open access system.

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Government unlikely to invoke section 7 to direct RBI on power companies

Government unlikely to invoke section 7 to direct RBI on power companies

The government is not likely to use its powers to issue directions to the Reserve Bank of India (RBI) to seek relief for stressed power plants, a top finance ministry official said.

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Veltoor Solar Power Project gets quality award

Veltoor Solar Power Project gets quality award

Veltoor Solar Power Project in Telangana, owned by SE Solar Ltd; Suzlon’s SPV (Special Purpose Vehicle) with CLP India has bagged the world’s first solar project quality certificate for photovoltaic (PV) power plants.

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Recent Cancellations of Solar Auctions Have Set a Bad Precedent

Recent Cancellations of Solar Auctions Have Set a Bad Precedent

India’s efforts to grow solar energy has suffered some setbacks recently. The solar industry is trying to overcome the recently announced safeguard duty but the recent cancellation of auctions has been another blow for solar companies.

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GAIL rises ~1% after launching online portal

GAIL rises ~1% after launching online portal

AIL (India) recently launched an online portal allowing third-parties to book natural gas capacity online. The company which owns 70% of the nation’s network, that is, 11,400km of natural gas pipelines, has allowed third-party access to natural gas pipelines since 2004.

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Fuel retailers set to expand network after four-year gap

Fuel retailers set to expand network after four-year gap

Indian Oil Corp Ltd (IOCL), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) are set to expand their fuel retail network after a gap of nearly four years.

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Hike in fuel prices for 5th straight day, diesel nears 70-mark in Delhi

Hike in fuel prices for 5th straight day, diesel nears 70-mark in Delhi

The petrol prices have gone up by 12 paise per litre and diesel has gone up by 18 paise per litre. In Delhi, the prices of diesel advanced towards an all time high 70-mark at Rs 69.93 per litre. For Mumbai and Kolkata, diesel prices shot up to Rs 74.24 and Rs 72.78 per litre.

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Fuel Prices Soar But Karnataka Government Will Not Reduce Sales Tax

Fuel Prices Soar But Karnataka Government Will Not Reduce Sales Tax

With fuel pricestouching record highs in Bengaluru on Wednesday, the question on the minds of Bengalureans is: Will the Karnataka government provide some relief by reducing the state sales tax component on petrol and diesel?

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High crude oil prices dent rupee; touches record low

High crude oil prices dent rupee; touches record low

High global crude oil prices and a rise in the demand for US dollar pulled the Indian rupee to a fresh low on Wednesday. However, at 2.05 p.m., the rupee recovered to 70.50-51 after it had plunged to 70.55

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Massive 15% natural gas price hike on anvil; households’ kitchen, auto fuel budget may take a hit

Massive 15% natural gas price hike on anvil; households’ kitchen, auto fuel budget may take a hit

A natural gas price hike to the tune of a massive 15% may be on the cards, as the government has decided to raise the price of domestically produced natural gas to $3.50 per million metric British thermal units for the next six-month period, CNBC Awaaz reported citing sources.

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Clarity on India's Iranian oil import likely to emerge after US meeting

Clarity on India's Iranian oil import likely to emerge after US meeting

India will not completely halt Iranian oil imports and will finalise its strategy on crude purchases from Tehran after a meeting with top US officials next week, a senior government official said.

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IEA sees oil markets tightening towards end of 2018: Fatih Birol

IEA sees oil markets tightening towards end of 2018: Fatih Birol

Global oil markets could tighten towards the end of this year due to strong demand and uncertainty of production in some oil producing nations, the head of the International Energy Agency said.

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State to give PMC Rs 185 crore to kick-start Chandani chowk flyover plan

State to give PMC Rs 185 crore to kick-start Chandani chowk flyover plan

Finally, Nitin Gadkari, Union minister for road transport and highways, and Devendra Fadnavis, chief minister, have decided to provide a funding of Rs 185 crore for the Chandani chowk flyover project giving it the status of a special plan.

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Southern Railway announces Changes in the Pattern of Suburban Train Services in Chennai on 1st Sept.

Southern Railway announces Changes in the Pattern of Suburban Train Services in Chennai on 1st Sept.

Line Block and Power Block have been permitted for engineering work of widening of Foot Over Bridge at Chennai Egmore Railway Station for 6 hours from 23.30 hrs on Saturday 1st September to 05.30 hrs on Sunday morning 2nd September 2018

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Madras HC directs NHAI to provide VIP lane in all toll plazas

Madras HC directs NHAI to provide VIP lane in all toll plazas

The Madras High Court today directed the National Highways Authority of India (NHAI) to take steps for providing a separate lane at toll plazas for VIPs, including sitting judges, across the country.

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Bullet train project to give India a unique multi-modal transport hub at Sabarmati! Know why it’s special

Bullet train project to give India a unique multi-modal transport hub at Sabarmati! Know why it’s special

Bullet train project: In a first of its kind hub for India, the Sabarmati station on the Mumbai-Ahmedabad bullet train network will be a unique initiative that will connect Indian Railways network, BRT and city’s metro all at one place!

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E-W trains likely to run ahead of May schedule

E-W trains likely to run ahead of May schedule

With two technologies crucial for train operations set to reach the city next week, Metro services between Sector V and Salt Lake stadium could commence by December-January, months ahead of the extended deadline in May 2019.

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Cracks appear in new freight corridor at Baddowal railway station

Cracks appear in new freight corridor at Baddowal railway station

The newly constructed freight corridor for transportation of goods from Ludhiana to other cities through rail at Baddowal railway station got damaged at several places just a day after its inauguration.

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Indian Railways traveller? You can get this for free, but there is a catch

Indian Railways traveller? You can get this for free, but there is a catch

Everyone loves to have something for free! Now, Indian Railways has given every traveller on their trains a chance to get it. Now, no more arguments over bills and prices at food stalls situated at Railway stations.

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Indian Railways launches Ramayana Yatra Express, check details here

Indian Railways launches Ramayana Yatra Express, check details here

The Railways will run a Shri Ramayana Yatra Express from Madurai in Tamil Nadu on November 14 on the Ramayana circuit to cover the major spots related to the Hindu epic, it was announced on Tuesday.

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Smart Cards To Ease Public Travel In Delhi And Hyderabad

Smart Cards To Ease Public Travel In Delhi And Hyderabad

Using smart cards to pay for rides across various modes of city transport is not only a boon for regular commuters but also for travellers. Without having to worry about currency, sufficient cash or small change, the smart card eases travellers

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Analysts cautious on road construction stocks despite govt's infra push

Analysts cautious on road construction stocks despite govt's infra push

Construction of roads across the country has yet again assumed importance with the latest Reserve Bank of India’s (RBI’s) annual report for 2017 – 18 expecting the Indian economy to look up further going ahead,

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