GOOD EVENING INDIA

December 17, 2018, Monday

Your Evening News Updates From Across The Media Space

First assembly of ISA, Second ministerial of IORA and Second REINVEST meet to be held in India.

First assembly of ISA, Second ministerial of IORA and Second REINVEST meet to be held in India.

The Ministry of New and Renewable Energy is organising the First Assembly of International Solar Alliance (ISA); the 2nd Indian Ocean Rim Association (IORA) Renewable Energy Ministerial Meeting and the 2nd Global Renewable Energy Investment Meeting and Expo

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In relief for Essar Power MP, NCLT to hear insolvency case on Dec 3

In relief for Essar Power MP, NCLT to hear insolvency case on Dec 3

After ICICI Bank initiated insolvency proceedings against Essar Power MP, the company on Tuesday got relief with the National Company Law Tribunal (NCLT) deciding to post the next hearing for December 3.

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GM may exit India as JSW Energy looks to buy Pune facility for electric car: Report

GM may exit India as JSW Energy looks to buy Pune facility for electric car: Report

General Motors has been in India since 1996 subsequently building two factories to manufacture, sell and export out of the country. Even after plans to invest $1 billion more, in 2017, GM closed its factory in Halol Gujarat.

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How Indian solar tariffs delay Modi's renewable goals

How Indian solar tariffs delay Modi's renewable goals

India has imposed duties on imports of solar equipment from China and Malaysia lasting two years. The aim is to kick-start a domestic industry that’s failed to take off in the face of ever-cheaper imports of solar cells and modules.

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Pay less for power from October 1

Pay less for power from October 1

Power discom Dakshin Haryana Bijli Vitran Nigam has slashed electricity tariffs as the CM had announced earlier this month. The new rates come into effect from October 1. According to the revised rates

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‘Renewables may account for 18% of total power gen by 2022’

‘Renewables may account for 18% of total power gen by 2022’

The share of renewable energy in the country’s electricity generation mix is likely to rise to around 18 per cent by 2022, from 7.8 per cent at present, owing to the continuous focus on capacity addition from solar and wind, a report said Tuesday.

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India could substitute fossil fuels by cleaner hydro-power from Nepal, Bhutan: World Bank

India could substitute fossil fuels by cleaner hydro-power from Nepal, Bhutan: World Bank

India has the potential to more than triple its trade with its South Asian neighbours to $62 billion against its actual trade of $19 billion, said a World Bank report released here on Monday.

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Tamil Nadu Generation and Distribution Corporation to import coal to meet shortage

Tamil Nadu Generation and Distribution Corporation to import coal to meet shortage

Tamil Nadu Generation and Distribution Corporation (Tangedco) is set to resume coal imports, with the first shipment expected on October 10, as domestic coal supply has not improved in the last few weeks.

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China and India lead the surge to solar energy

China and India lead the surge to solar energy

This year, emerging markets will overtake developed nations in terms of the amount of renewable wind and solar power they have installed, according to Moody’s, the credit rating agency.

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Coal availability for power sector to ease from Nov: CIL's Anil Kumar Jha

Coal availability for power sector to ease from Nov: CIL's Anil Kumar Jha

Coal India, world’s largest coal producer, has been facing criticism for not being able to cater to domestic demand and its one-billion tonne target seems a distant future. Anil Kumar Jha, who took over as company’s chairman and managing director four months ago

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Rising Petrol Prices: OPEC's Negative Demand Outlook Not Helping

Rising Petrol Prices: OPEC's Negative Demand Outlook Not Helping

Retail prices of fuel in India crossed a life-time high of Rs 90 a litre in Maharashtra on Monday. Coupled with this, the Organization of the Petroleum Exporting Countries’ (OPEC) latest demand outlook is going to further raise problems for the country.

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SCI eyes stake in Swan Energy’s Jafrabad LNG port project

SCI eyes stake in Swan Energy’s Jafrabad LNG port project

Shipping Corporation of India Ltd (SCI) is weighing a plan to buy stake in a 10 million tonnes (mt) a year capacity floating storage and regasification unit (FSRU)-based new LNG port being constructed by Swan LNG Private Ltd

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As crude oil forecasts call for $100 a barrel, India considers cutting back crude imports

As crude oil forecasts call for $100 a barrel, India considers cutting back crude imports

With oil traders forecasting crude oil to rise to $100 a barrel by the end of the year, Indian refiners are considering cutting back their imports and relying more on cheaper crude already stored in inventories, according to industry executives.

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India's oil demand growth to slow down over next decades: Reliance Industries

India's oil demand growth to slow down over next decades: Reliance Industries

India will continue to depend on oil as a mainstay of its energy but its oil demand growth will likely slow as the government pushes for cleaner energy and renewables, Harish Mehta, president, refining and marketing at Reliance Industries(RIL) said on Tuesday.

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Why Narendra Modi may have to blink on oil prices

Why Narendra Modi may have to blink on oil prices

India sees no respite from skyrocketing petrol and diesel prices. Petrol price in Mumbai breached Rs 90 per litre mark yesterday. It is close to Rs 83 in Delhi. Yet the Narendra Modi government has not given any indication of a tax cut.

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Brent crude crosses $80 as OPEC rejects Trump's call for oil output boost

Brent crude crosses $80 as OPEC rejects Trump's call for oil output boost

Brent crude climbed above $80 a barrel after OPEC and its allies signalled less urgency to boost output, despite U.S. pressure to temper prices. Futures in London rose as much as 2.7 per cent

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India's oil demand to climb to 500 million tonnes per year by 2040: Indian Oil

India's oil demand to climb to 500 million tonnes per year by 2040: Indian Oil

India's crude oil demand is forecast to grow to 500 million tonnes per year by 2040, but persistent increases in oil prices might act as a dampener for the rate of growth, Partha Ghosh, an executive director at Indian Oil CorpNSE -2.03 % said on Tuesday.

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Piped gas to fuel kitchens in 44 lakh Chennai homes soon

Piped gas to fuel kitchens in 44 lakh Chennai homes soon

Chennaiites have something to look forward to in these days of high fuel prices. They will get more than 44 lakh piped natural gas connections and 333 Compressed Natural Gas (CNG) pump stations over the next few years under the Centre’s city ga

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Cash Strapped Infrastructure Major IL&FS Set To Receive Rs 700 Crores Boost From NHAI As It Looks To Shed Debt Woes

Cash Strapped Infrastructure Major IL&FS Set To Receive Rs 700 Crores Boost From NHAI As It Looks To Shed Debt Woes

In some welcome news for the beleaguered infrastructure major IL&FS, the company is set to receive Rs 700 crores from the National Highways Authority of India (NHAI).

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Jiribam-Imphal railway line: Tallest railway bridge at Manipur to be completed by 2020

Jiribam-Imphal railway line: Tallest railway bridge at Manipur to be completed by 2020

In what can be termed as an ambitious and dream project, the railway line between Jiribam-Imphal in Manipur, which connects the Imphal with the broad gauge network of the country, will be completed by 2020.

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Full electrification: Trains to run at 10-15% higher speeds by 2021-22

Full electrification: Trains to run at 10-15% higher speeds by 2021-22

By 2021-22, the average speeds of trains will increase by 10-15 per cent when railways achieves 100 per cent electrification of its network, a senior official of the national transporter said on Monday.

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Get ready, your Indian Railways train experience set to improve

Get ready, your Indian Railways train experience set to improve

By 2021-22, the average speeds of trains will increase by 10-15 per cent when railways achieves 100 per cent electrification of its network, a senior official of the national transporter said Monday.

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Indian Railways train services in Bengal, Odisha hit by agitation

Indian Railways train services in Bengal, Odisha hit by agitation

Train services in West Bengal and Odisha were hit on Monday due to a blockade by an umbrella organisation of Adivasis who are demanding recognition of their language. The Kharagpur division of the South Eastern Railway (SER)

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Hyderabad Metro rail adds 16 km stretch to operations

Hyderabad Metro rail adds 16 km stretch to operations

L&T Metro Rail (Hyderabad), which is setting up India’s second-largest metro rail project and world’s largest metro rail project under public-private-partnership (PPP) model

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NHAI owes only Rs 425 crore to IL&FS: Officials

NHAI owes only Rs 425 crore to IL&FS: Officials

National Highways Authority of India owes only Rs 425 crore to the embattled Infrastructure Leasing & Financial Services and the Mumbai-based infrastructure lender and developer has raised claims for about Rs 4,000 crore

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