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December 14, 2018, Friday

Your Evening News Updates From Across The Media Space

Income-tax department sells more shares of Cairn Energy to recover retrospective tax

Income-tax department sells more shares of Cairn Energy to recover retrospective tax

The income-tax (I-T) department has sold more of Cairn Energy's shares in mining major Vedanta to recover a part of the Rs 10,247 crore retrospective tax demand, the British firm said Tuesday.

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Haryana cuts power tariff a year ahead of polls

Haryana cuts power tariff a year ahead of polls

In a major relief to the electricity consumers in the state, Haryana Chief Minister Manohar Lal Khattar on Tuesday announced reduction in power tariff on monthly consumption of up to 200 units from Rs 4.50 per unit to Rs 2.50.

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Power companies hail Supreme Court stay on RBI circular

Power companies hail Supreme Court stay on RBI circular

Power companies have welcomed the Supreme Court's stay on RBI circular and said the verdict will prevent 13Gw of stressed power plants from insolvency. “SC order has provided a great relief to Power sector stressed assets

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Cairn Energy attributes $500 million loss to India’s retrospective tax

Cairn Energy attributes $500 million loss to India’s retrospective tax

Cairn Energy, a British company, has reported a net half-yearly loss of $500 million and attributed it as a direct result of action of the Indian Income Tax (I-T) Department on the retrospective tax matter, which has now been ongoing for almost five years.

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Suzlon inks JV with CLP India for two solar projects in Maharashtra

Suzlon inks JV with CLP India for two solar projects in Maharashtra

Wind turbine maker Suzlon Tuesday announced a joint venture (JV) with CLP India for two solar projects with of 50 megawatt (MW) and 20 megawatt (MW) in Dhule, Maharashtra.

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70,000 contract workers to get Coal Mines PF cover

70,000 contract workers to get Coal Mines PF cover

The coal ministry along with Coal India and Singareni Collieries have decided to bring 70,000-odd coal contract workers under the ambit of the Coal Mines Provident Fund Organisation (CMPFO).

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Chandigarh: Regulator yet to fix solar power rates, gross-metering connections on hold

Chandigarh: Regulator yet to fix solar power rates, gross-metering connections on hold

While the Chandigarh Renewal Energy, Science and Technology Promotion Society (Crest) is struggling to meet the solar power generation target set by the Union government, the UT administration has sent another reminder to the Joint Electricity Regulatory Commission

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Coal India, Singareni Collieries Company offer power firms option to swap fuel sources

Coal India, Singareni Collieries Company offer power firms option to swap fuel sources

Coal India and Singareni Collieries Company are offering independent power producers the option of swapping their sources of fuel supply to cut the cost of transportation and generation.

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'Govt delay in subsidy disbursal affecting rooftop solar plants

'Govt delay in subsidy disbursal affecting rooftop solar plants

The growth of solar photovoltaic power plants in Punjab has been hampered by delayed disbursement of subsidy to residents. Even as the Punjab government is struggling to install solar rooftop power plants,

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Relief for 2 power projects; Madras HC stays insolvency proceedings

Relief for 2 power projects; Madras HC stays insolvency proceedings

Madras High Court has granted interim reprieve to two private power companies by staying insolvency proceedings against their stressed assets. Several other firms, meanwhile, are likely to approach the Supreme Court on Tuesday

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Petrol prices: How much it costs around the world

Petrol prices: How much it costs around the world

The upswing in oil prices continues as petrol and diesel were at record highs in Mumbai and Delhi as of September 11. The steep rise in crude prices and a falling rupee have had a major impact on fuel costs, but do you know where petrol prices were the highest?

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BPCL to skip Iran oil purchases in October: source

BPCL to skip Iran oil purchases in October: source

India`s state-run Bharat Petroleum Corp will skip purchase of Iranian oil in October due to turnaround at its plants, a source privy to the plan said on Tuesday. The refiner will, however

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PIL in HC against rising fuel prices

PIL in HC against rising fuel prices

As the nation reels under the impact of rising fuel prices, a PIL was moved in the Delhi High Court on Tuesday against the daily change in the rates of petrol and diesel in the country.

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GAIL to expand gas pipeline network capacity by 50% in 3 yrs

GAIL to expand gas pipeline network capacity by 50% in 3 yrs

GAIL India Tuesday said it will expand its pipeline network capacity by about 50 per cent by constructing 5,500-kilometers of new lines in the next three years.

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Fall in $-Re, rise in fuel prices to swell states coffers by an additional Rs 22,700cr: SBI

Fall in $-Re, rise in fuel prices to swell states coffers by an additional Rs 22,700cr: SBI

Thanks to the fall in the dollar-rupee and rise in petrol and diesel prices, states will garner an additional Rs 22,700 crore in revenue over and above budget estimates, according to a State Bank of India (SBI) research note.

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A new record in India: Petrol touches Rs 90.11 in Maharashtra's Parbhani

A new record in India: Petrol touches Rs 90.11 in Maharashtra's Parbhani

Petrol prices on Tuesday breached the psychological barrier of Rs 90 and touched a scorching Rs 90.11 in Maharashtra's Parbhani - a new record in India, an official said.

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Diesel and Petrol price to be under Rs 60 if India switches to alternative fuels: Gadkari

Diesel and Petrol price to be under Rs 60 if India switches to alternative fuels: Gadkari

Union road transport minister, Nitin Gadkari said that there is an immense potential for production of bio-fuel in Chattisgarh. In a gathering at Charoda, Chattisgarh, Gadkari claimed said that use of alternative fuels will help people against sky-high petrol diesel price

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Piyush Goyal launches ‘Rail Sahyog’

Piyush Goyal launches ‘Rail Sahyog’

Union Railway Minister Piyush Goyal on Tuesday launched a web portal ‘Rail Sahyog’, a platform for the corporates and PSUs (Public Sector Undertakings) to contribute to the creation of amenities at Railway stations through Corporate Social Responsibility (CSR) funds.

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Now, private sector money to improve Indian Railways infrastructure? Piyush Goyal launches unique initiative

Now, private sector money to improve Indian Railways infrastructure? Piyush Goyal launches unique initiative

In a unique initiative, Indian Railways has launched a new portal “Rail Sahyog” to invite private firms to contribute CSR (Corporate Social Responsibility) funds for building better infrastructure on the national transporter’s network.

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IRCTC scam: Delhi court to decide on ED chargesheet against Lalu & family on September 17

IRCTC scam: Delhi court to decide on ED chargesheet against Lalu & family on September 17

The Patiala House Court in the national capital will decide on September 17 on whether it should take cognisance of the chargesheet filed by the Enforcement Directorate in connection with the IRCTC scam case,

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Forget stinking toilets! These Indian Railways stations set to get free AC toilets

Forget stinking toilets! These Indian Railways stations set to get free AC toilets

Indian Railways is all set to give a makeover to its stinking and unhygienic toilets. The Central Railway (CR) has decided to provide people with clean and inodorous toilets. The toilets at Indian Railways station premises are infamous for foul smells and dirty conditions.

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Big achievement! Indian Railways sees best safety record in five years; here’s how

Big achievement! Indian Railways sees best safety record in five years; here’s how

Piyush Goyal-led Indian Railways has registered its best safety figures in five years for the corresponding 12-month period with 40 deaths in 75 accidents between September 2017 and August 2018.

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