GOOD EVENING INDIA

October 16, 2018, Tuesday

Your Evening News Updates From Across The Media Space

Hybrid wind-solar assets may lower capital costs by 5-7%:Study

Hybrid wind-solar assets may lower capital costs by 5-7%:Study

Hybridisation of the wind and solar assets is likely to lower the capital cost by 5-7 per cent compared to the cost of standalone wind and solar assets, thus improving the returns for the developers, said a report.

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Heavy rains drag down spot power price by 3.51pc at IEX in Aug

Heavy rains drag down spot power price by 3.51pc at IEX in Aug

The average spot power price dipped 3.51 per cent to Rs 3.34 per unit in August compared to July this year due to weak electricity demand after heavy rains, the Indian Energy Exchange said Monday.

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Mahindra Susten Mobile PV Lab India's First Completes 1 GWp of Testing

Mahindra Susten Mobile PV Lab India's First Completes 1 GWp of Testing

India's first mobile solar photovoltaic (PV) testing lab, designed and developed by Mahindra Susten recently completed a milestone 1 GWp of plant testing. Mahindra Susten is part of the $20.7 billion Mahindra Group and one of the largest renewable energy

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Safran Collaborates With IEEE To Set Up An Industry-Academia Partnership

Safran Collaborates With IEEE To Set Up An Industry-Academia Partnership

As part of its corporate social responsibility commitment, Safran Engineering Services India has signed a partnership with the Institute of Electrical and Electronics Engineers (IEEE), the world’s largest technical professional organization for the advancement of technology

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Indian government is planning a package of reforms for the power sector

Indian government is planning a package of reforms for the power sector

The power sector roughly constitutes 20% of all the bad loans on the balance sheets of Indian banks. While the resolution of stressed power assets is an urgent priority, the government is also preparing reforms to ensure the long-term viability of the sector.

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Madras HC relief to two private power firms; no action against their assets till hearing

Madras HC relief to two private power firms; no action against their assets till hearing

The Madras high court has granted stay on referring two stressed power projects to NCLT. The court heard the plea of IL&FS seeking extension of deadline to refer its project to NCLT by 60-90 days. "IL&FS matter was heard today and has been listed for tomorrow.

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Private power firms withdraw applications from Allahabad HC; considering moving SC

Private power firms withdraw applications from Allahabad HC; considering moving SC

Private power companies including Essar Power, GMR Energy, KSK Energy and RattanIndia have withdrawn their applications from Allahabad high court and are presently considering to approach the Supreme Court today.

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Opinion | India must turn to rooftop solar power to exorcise the ghosts of unemployment

Opinion | India must turn to rooftop solar power to exorcise the ghosts of unemployment

The government is in a flap. General elections are around the corner and the spectre of unemployment looms large. That is one reason why the government has begun focussing on farmers and women as key voters to be wooed

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Power body served notice for ‘negligence’

Power body served notice for ‘negligence’

The Maharashtra Pollution Control Board (MPCB) has served a prosecution notice to state power body MSEDCL superintending engineer (Vashicircle) for non-compliance of its direction to disconnect power supply to a pharma firm in Taloja MIDC for causing pollution.

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New gas insulated substation to improve Panaji’s power picture

New gas insulated substation to improve Panaji’s power picture

The power situation in the state capital is likely to improve once a new state-of-the-art gas insulated substation is installed at Patto Plaza.

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NTPC’s silence on stressed power plants must be appreciated

NTPC’s silence on stressed power plants must be appreciated

Writing for Mint last year, Prashant Jain, executive director and chief investment officer of HDFC Mutual Fund, said it was not easy to remain invested in equities for long periods. “Those who can simply sit still know its immense benefits,” wrote Jain.

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Charges against the plant are half-truths and lies: P Ramnath, CEO, Sterlite Copper

Charges against the plant are half-truths and lies: P Ramnath, CEO, Sterlite Copper

The Sterlite copper smelter in Tuticorin (Thoothukudi) in coastal Tamil Nadu has been considered a major polluter ever since its inception in 1997. The current crisis started with the unit announcing plans to double capacity of the smelter to 8,00,000 tonnes per year.

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Government rules out excise duty cut as petrol, diesel price hit fresh high

Government rules out excise duty cut as petrol, diesel price hit fresh high

A cut in taxes on petrol and diesel is ruled out for now as neither the central government nor some states have the appetite to stomach revenue loss from such a move, a top government official said Monday.

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Oil prices unlikely to soften soon despite rise in US production; geopolitics associated with crude makes it an expensive product

Oil prices unlikely to soften soon despite rise in US production; geopolitics associated with crude makes it an expensive product

The rise in oil prices has come as a surprise for most policy-makers and analysts, for the obituary of expensive oil was written a long time back. The supply glut and the global fall in oil demand had contributed to a period of low oil prices before 2017.

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Govt to sign OALP-1 contracts for 55 oil and gas exploration areas on September 24

Govt to sign OALP-1 contracts for 55 oil and gas exploration areas on September 24

The government is likely to sign contracts for 55 oil and gas exploration areas on September 24, awarded under India's maiden open acreage auction OALP-1, people with direct knowledge of the development said.

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ACB asking for docs not pertaining to gas fixation, RIL tells HC

ACB asking for docs not pertaining to gas fixation, RIL tells HC

Reliance Industries Ltd (RIL) has informed the Delhi high court that the state government’s ACB, investigating the company and others for alleged irregularities in raising the price of gas from KG-6 basin, was asking for documents which do not pertain to the issue.

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Bharat Bandh Live updates: No role of government in fuel price hike, says Ravi Shankar Prasad

Bharat Bandh Live updates: No role of government in fuel price hike, says Ravi Shankar Prasad

Violence was reported in several places across the country on Monday during the Congress-led protest against the spiralling fuel prices as workers of opposition parties halted trains in Assam and Mumbai and vandalised public property in Maharashtra.

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Rajasthan CM Raje announces a 4% reduction in VAT on petrol and diesel

Rajasthan CM Raje announces a 4% reduction in VAT on petrol and diesel

Rajasthan Chief Minister Vasundhara Raje announced a four-percent reduction in value-added tax (VAT) on petrol and diesel on Sunday, which will reduce their prices by Rs 2.5 per litre in the state.

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Petroleum prices rising due to global factors: ASSOCHAM

Petroleum prices rising due to global factors: ASSOCHAM

The major factor for rising prices of petrol and diesel is the global macro situation, said industry body ASSOCHAM but expressed hope the tax burden would be brought down to some extent.

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Once-in-a-lifetime deals fuel a $100 billion India M&A boom

Once-in-a-lifetime deals fuel a $100 billion India M&A boom

The biggest mergers-and-acquisitions boom in Indian history has investment bankers preparing for even more dealmaking to come. Transactions involving Indian companies have reached $104.5 billion in 2018

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This Bullet Train station to be unique, set to be themed around a tree

This Bullet Train station to be unique, set to be themed around a tree

Bullet Train project is well on its way, barring a few problems here and there regarding land acquisition. It is a special project and the authorities are busy adding unique touches to it. The latest step being taken has to do with a tree - the Vad tree.

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Railways to step up security, 100 more RPF barracks on the anvil

Railways to step up security, 100 more RPF barracks on the anvil

The Indian Railways has decided to build 100 additional barracks at key location for the Railway Protection Force in order to step up security for both passengers and rail property, an official letter has said.

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Delhi-Meerut Rapid Rail: High-speed project to get investment clearance; travel between 2 cities in 55 minutes

Delhi-Meerut Rapid Rail: High-speed project to get investment clearance; travel between 2 cities in 55 minutes

Delhi Meerut Rapid Rail project is all set to see the light of the day as the inter-ministerial panel for clearing government investment is likely to put its stamp for the development of the first corridor of rapid rail network between the two cities this week.

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Why you should opt for IRCTC travel insurance?

Why you should opt for IRCTC travel insurance?

A few days back, news has it that the Indian Railways Catering and Tourism Corporation (IRCTC) will stop providing travel insurance for free to its passengers from September 1, 2018.

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Indian Railways’ British-era cast iron cash boxes, famous for Kakori incident, to become history soon

Indian Railways’ British-era cast iron cash boxes, famous for Kakori incident, to become history soon

Indian Railways getting rid of British-era methods! The cast iron cash boxes that are used by Northern Railway zone of Indian Railways to ferry daily revenue for almost a century are soon set to become history.

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