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December 17, 2018, Monday

Your Evening News Updates From Across The Media Space

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Rupee tanks 43 paise, ends below 73 level for the first time ever

Rupee tanks 43 paise, ends below 73 level for the first time ever

The rupee on Wednesday closed below 73 level for the first time ever against the US dollar after crude oil prices edged up on expectations of tighter markets once US sanctions target Iran's petroleum industry from next month.

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Suresh Prabhu to chair inter-ministerial meet on rupee, trade deficit tomorrow

Suresh Prabhu to chair inter-ministerial meet on rupee, trade deficit tomorrow

Commerce and Industry Minister Suresh Prabhu will chair an inter-ministerial meeting Thursday to discuss the depreciating rupee and widening trade deficit, an official said.

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Tata Power Solar now launches an extensive residential rooftop solution in Ajmer, Rajasthan

Tata Power Solar now launches an extensive residential rooftop solution in Ajmer, Rajasthan

Tata Power Solar, India's largest solar energy company, and Tata Power's wholly-owned subsidiary has launched a complete residential rooftop solution in Ajmer. Mr. B.M Bhanu, MD, Ajmer Vidyut Vitran Nigam Ltd

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Coal India’s Monthly Offtake Grows At Slowest Pace In Two Years

Coal India’s Monthly Offtake Grows At Slowest Pace In Two Years

Coal India Ltd.’s offtake in September grew at the slowest pace in nearly two years due to a high base and monsoon season.
Dispatches of the world’s largest miner of the fossil fuel rose less than a percent last month to 43.9

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What is Champions of the Earth Award and why Narendra Modi has won it

What is Champions of the Earth Award and why Narendra Modi has won it

Prime Minister Narendra Modi courted global fame when the United Nation Secretary General Antonio Guterres presented him its highest environmental honour 'Champions of The Earth Award' at a special ceremony today.

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Growth Of Rooftop Solar In India: Opportunities, Challenges And Way Forward

Growth Of Rooftop Solar In India: Opportunities, Challenges And Way Forward

India is endowed with tremendous potential to produce solar energy. Given the rising energy needs, as a nation responsible towards climate change concerns, India has set a target to achieve 100 GW power capacity through grid-

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Sun offers free solar power after 25-year contracts end

Sun offers free solar power after 25-year contracts end

In what may be an Uber moment for global clean energy economy, SoftBank Chief Executive Masayoshi Son on Wednesday offered to supply free electricity to International Solar Alliance (ISA) member countries

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Softbank proposes to offer free power to solar alliance countries

Softbank proposes to offer free power to solar alliance countries

Softbank has proposed to supply electricity free of cost in India once the power purchase agreement completes a period of 25 years, the Japanese conglomerate's founder and CEO Masayoshi Son said.

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Azure Power closes Rs 600 crore financing for Bhadla solar power plant

Azure Power closes Rs 600 crore financing for Bhadla solar power plant

Independent solar power producer Azure Power today announced it has closed a financing deal of Rs 600 crore, around $88 million, for its 200 Megawatt solar power plant at Bhadla in Rajasthan ahead of schedule.

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Which city in India has the cheapest power?

Which city in India has the cheapest power?

To understand just how much Indians pay for power, TOI studied power tariffs for 52 of India’s 53 million-plus urban agglomerations based on the latest tariff orders of state electricity regulatory boards that cover over 50 such cities

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SoftBank’s Son offers free power to India after solar projects complete 25 years

SoftBank’s Son offers free power to India after solar projects complete 25 years

Masayoshi Son, the Chief Executive Officer of SoftBank, has offered free power to India and other member countries of the International Solar Alliance once solar power projects complete 25 years.

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Power plants get 10% rise in fuel supplies by Coal India in first half of FY19

Power plants get 10% rise in fuel supplies by Coal India in first half of FY19

Coal India witnessed 10 per cent growth in dry fuel supply to thermal power plants in the first half (April-September) of the current fiscal over the comparable period of 2017-18, a company statement said here on Tuesday.

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Modi's solar mission doubtful as policy confusion dims investor sentiments

Modi's solar mission doubtful as policy confusion dims investor sentiments

The national solar mission target looks doubtful as policy uncertainty takes its toll on investor sentiments. The reluctance of state-owned utilities to sign long-term contracts to buy costlier solar energy is not helping the matter either.

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Illegal constructions blocking supply, Tata Power writes to Delhi govt

Illegal constructions blocking supply, Tata Power writes to Delhi govt

Tata Power Delhi, the discom for north Delhi, has written to Delhi government on the rising number of incidences of unauthorised constructions in the Right of Way of electrical installations.

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ExxonMobil eyes multi-billion dollar investment at Singapore refinery, says executive

ExxonMobil eyes multi-billion dollar investment at Singapore refinery, says executive

ExxonMobil is considering a multi-billion dollar investment at its Singapore refinery, the company's largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday.

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Indian Oil delivers much needed kerosene to tsunami-hit Indonesia

Indian Oil delivers much needed kerosene to tsunami-hit Indonesia

The Indian Oil Corporation (IOC) airlifted 25 barrels of kerosene, providing much-needed relief supplies to tsunami-hit Indonesia. In a press statement issued here on Wednesday,

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10% hike in natural gas price: Bad for CNG, PNG users, good for Reliance Inudstries, ONGC, Oil India

10% hike in natural gas price: Bad for CNG, PNG users, good for Reliance Inudstries, ONGC, Oil India

The Narendra Modi government has hiked the natural gas price by 10% in its six-monthly revision to $3.36 per million British thermal unit (mmBtu) from $3.06 from October 1, which will lead to higher CNG and PNG rates,

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Indraprastha Gas to set up CNG stations in housing complexes

Indraprastha Gas to set up CNG stations in housing complexes

Indraprastha Gas, India's biggest city gas retailer, is looking at setting up CNG dispensing stations within residential housing complexes to ease queues at CNG pumps, its Managing Director E S Ranganathan said.

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Essar begins CBM gas supply to GAIL

Essar begins CBM gas supply to GAIL

Ruia family-owned Essar Group has started supply of gas produced from coal seams to state-owned GAIL India. In a tweet, the group said Essar Oil and Gas Exploration and Production Ltd (EOGEPL) “commenced supply

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RBI monetary policy meet begins today: From rupee to fuel prices, top 5 issues MPC should take up

RBI monetary policy meet begins today: From rupee to fuel prices, top 5 issues MPC should take up

The fourth monetary policy committee (MPC) meeting of the Reserve Bank of India (RBI) has begun today amid concerns over falling rupee and widening current account deficit (CAD), with top economists predicting a 25 basis points hik

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HOEC signs contract with govt for Assam oil block

HOEC signs contract with govt for Assam oil block

Hindustan Oil Exploration Company Ltd (HOEC) Wednesday said it has signed a revenue sharing contract with the government for an oil and gas block in Assam that it had won in the first round of Open Acreage Licensing Policy (OALP).

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India’s Bright Future In Oil Market? Vedanta To Invest $4.1 Billion In Barmer Oil Block

India’s Bright Future In Oil Market? Vedanta To Invest $4.1 Billion In Barmer Oil Block

Natural resources company Vedanta Ltd plans to invest $4.1 billion to boost oil output from its flagship Barmer block, reported Live Mint. The company targets to raise its oil output to over 4,00,000 barrels per day in 2021, Vedanta Ltd Chairman Anil Agarwal said.

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Oil puts rupee on course to outstrip taper-tantrum losses

Oil puts rupee on course to outstrip taper-tantrum losses

Move over taper tantrum. The Indian rupee looks set to outpace losses seen in 2013 as efforts by policy makers to stem its rout fall flat in the face of rising oil prices and relentless foreign outflows.

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OPINION: Build it and they will buy. The new world of LNG Canada

OPINION: Build it and they will buy. The new world of LNG Canada

The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but its underlying philosophy appears to be more closely allied to the Australian concept of "she'll be right, mate."

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Petrol, diesel price on 3rd October 2018: Check out rates in metro cities

Petrol, diesel price on 3rd October 2018: Check out rates in metro cities

Petrol and Diesel prices were unchanged four metro cities, applicable from 6:00 a.m. on 03 October 2018. On Tuesday, fuel prices went further up continued the upward trend across the country as the petrol price was hiked by 0.12 paisa and diesel by Rs 0.16 in Delhi.

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Railway Minister agrees to rename Mumbai Central station after philanthropist Jagannath Shankarsheth?

Railway Minister agrees to rename Mumbai Central station after philanthropist Jagannath Shankarsheth?

Could Mumbai's famous landmark the Mumbai Central railway station be renamed to honour Jagannath Sunkershet the prolific businessman-turned-philanthropist of the nineteenth century Mumbai?

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Train 18, Indian Railways first engine-less train, to take passengers to India’s 1st world-class station!

Train 18, Indian Railways first engine-less train, to take passengers to India’s 1st world-class station!

From January 2019, Indian Railways’ first engine-less train – Train 18 – will most likely replace India’s fastest Shatabdi Express on the Delhi-Bhopal route. What makes this development more special is the fact that the final destination of the Delhi-Bhopal

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Stop fudging data to show improvement in punctuality figures: Piyush Goyal to railway zones

Stop fudging data to show improvement in punctuality figures: Piyush Goyal to railway zones

Minister of Railways Piyush Goyal has warned zonal railways to stop data manipulation to show improvement in punctuality, indicating that punctuality figures provided by zones varied from passengers' feedback.

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Watch: Mumbai Central Railway Commemorates Gandhi Jayanti With India’s First Tricolour Themed Local

Watch: Mumbai Central Railway Commemorates Gandhi Jayanti With India’s First Tricolour Themed Local

Mumbai Central Railway has rolled out a tricolour themed train to create awareness about Swachh Bharat to commemorate the birth anniversary of Mahatma Gandhi reports NDTV.

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Gayatri Projects receives Rs 1,312.00 crore road project in Maharashtra

Gayatri Projects receives Rs 1,312.00 crore road project in Maharashtra

Gayatri Projects Ltd on Wednesday said it has bagged a Rs 1,312.00 crore road project in Maharashtra. In a BSE filing Gayatri Projects said, the order is for construction of access controlled Nagpur-Mumbai super communication expressway

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Indian Railways promises a special Kumbh mela experience, gives Prayagraj Express coach a makeover; watch video

Indian Railways promises a special Kumbh mela experience, gives Prayagraj Express coach a makeover; watch video

Indian Railways is gearing up for Kumbh 2019 to be held at Allahabad. In its endeavor to serve the pilgrims visiting Triveni Sangam, Allahabad, North Central Railway is refurbishing the coaches of prestigious trains connecting Allahabad

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Russian Sovereign Fund To Invest In Indian Infrastructure

Russian Sovereign Fund To Invest In Indian Infrastructure

Russian Direct Investment Fund or commonly known as RDIF – Russia’s sovereign wealth fund (with reserved capital of $10 billion) has been increasing its footprints in India steadily eyeing to boost infrastructure funding.

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