GOOD EVENING INDIA

November 20, 2018, Tuesday

Your Evening News Updates From Across The Media Space

CERC Extends Validity of RECs due to Expire Between October 2018 and March 2019

CERC Extends Validity of RECs due to Expire Between October 2018 and March 2019

The Central Electricity Regulatory Commission (CERC) has issued an order extending the validity of Renewable Energy Certificates (RECs) which are due to expire between October 31, 2018 and March 31, 2019.

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India Could Save Nearly 50 Percent Of Its Electricity Using Leds And Smart Lighting

India Could Save Nearly 50 Percent Of Its Electricity Using Leds And Smart Lighting

As per the United States Department of Energy (US-DOE), lighting causes 5-6 percent of the overall greenhouse gas emissions globally. Light Emitting Diodes (LEDs) can greatly help in mitigating the adverse effects of greenhouse emissions.

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Bihar, West Bengal, Telangana, TN to buy power from stressed projects

Bihar, West Bengal, Telangana, TN to buy power from stressed projects

Under the first pilot scheme for reviving stressed thermal power projects without power sale contracts, four states namely Bihar, West Bengal, Telangana and Tamil Nadu have agreed to procure power for medium term (3 years) from these projects.

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Rooftop Solar Commissioning Delay Causes 36% Tariff Reduction in Karnataka

Rooftop Solar Commissioning Delay Causes 36% Tariff Reduction in Karnataka

In another case involving delay in commissioning of a solar project, the Karnataka Electricity Regulatory Commission (KERC) has declared that the petitioner, a rooftop solar project installer, is not entitled to any of the reliefs sought for due to the delay

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GE Power bags Rs 1,783 crore contracts from NTPC for emission control equipment

GE Power bags Rs 1,783 crore contracts from NTPC for emission control equipment

GE Power India Ltd, an arm of American industrial giant GE, today announced it has bagged four contracts worth Rs 1,783 crore from state-owned NTPC Ltd for supply of emission control equipment for its coal-based power plants.

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Tata Steel to continue talks with EU for Thyssenkrupp JV

Tata Steel to continue talks with EU for Thyssenkrupp JV

Tata Steel Ltd said on Wednesday it will continue its discussions with the European Commission after the body raised concerns over its planned steel joint venture with Thyssenkrupp.

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Floating solar energy transforming India into a greener nation

Floating solar energy transforming India into a greener nation

With growing conversations around sustainable living and climate change, transition to renewable energy sources for power generation has the focus of considerable interest. Owing to the debilitating effects of fossil fuels and other

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Power companies sign agreements for sale of 1,900 Mw capacity

Power companies sign agreements for sale of 1,900 Mw capacity

Electricity distribution companies of four states – Bihar, West Bengal, Telangana and Tamil Nadu – today signed power purchase agreements with trader PTC India while seven private generating companies also inked pacts with PTC

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Coal India falls 4% on govt's divestment plan

Coal India falls 4% on govt's divestment plan

Extending the losses to the second session, shares of Coal India suffered a loss of over 4 per cent in early trade on Wednesday post reports of stake divestment by the government in the state-run PSU.

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Centre to offload 9% in Coal India

Centre to offload 9% in Coal India

The government has decided to divest a 9 per cent stake in Coal India through a two-day offer for sale starting Wednesday, which is expected to fetch the Centre about Rs 14,000 crore at the floor price, including a greenshoe option.

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Bengaluru electricity consumers get a new platform for bill payment

Bengaluru electricity consumers get a new platform for bill payment

The National Payments Corporation of India (NPCI) has on-boarded Banglore Electricity Supply Company (BESCOM) and Banglore Water Supply and Sewerage Board (BWSSB) to launch Bharat Bill Pay that enables over one crore consumers

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Vedanta Q2 profit slumps 43% YoY to Rs 1,135 crore; firm announces Rs 17 dividend

Vedanta Q2 profit slumps 43% YoY to Rs 1,135 crore; firm announces Rs 17 dividend

Vedanta on Wednesday reported a 43 per cent drop in profit after tax (PAT) at Rs 1,135 crore for September quarter on lower interest income. Analysts in an ET NOW poll had estimated the profit figure at Rs 1,324 crore.

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Black gold, white knuckles: Oil refiners face rollercoaster ride as fuel margins seesaw

Black gold, white knuckles: Oil refiners face rollercoaster ride as fuel margins seesaw

Oil product margins have been tossed around on a wild rollercoaster ride in October, as factors like impending Iran sanctions, the Sino-American trade war and upcoming new shipping regulations yank fuel profits up, down and back again.

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Asia's Iran oil imports hit 32-month low in September

Asia's Iran oil imports hit 32-month low in September

Imports of Iranian crude oil by major buyers in Asia hit a 32-month low in September, as China, South Korea and Japan sharply cut their purchases ahead of upcoming U.S. sanctions on Tehran, government and ship-tracking data showed.

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With Donald Trump’s Iran hammer about to fall, who may seek a waiver?

With Donald Trump’s Iran hammer about to fall, who may seek a waiver?

When it comes to buying Iranian oil, Donald Trump has laid down the law for the world: Don’t do it. Starting next week, the U.S. president will have to decide how to deal with violators.

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Vedanta moves HC against centre's notice to OMCs on allocation of oil sale proceeds

Vedanta moves HC against centre's notice to OMCs on allocation of oil sale proceeds

The Delhi High Court has sought response of the Centre on Vedanta Ltd's plea challenging its notice to oil marketing companies (OMCs) not to forward to the company its share of the proceeds from sale of petroleum products.

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Centre contemplating bringing petrol, diesel under GST: Athawale

Centre contemplating bringing petrol, diesel under GST: Athawale

The Narendra Modi government is contemplating to bring petrol and diesel under the ambit of Goods and Services Tax (GST), Union Minister Ramdas Athawale said here. "We have done so much work, but there is some problem pertaining to petrol and diesel prices.

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US sanctions on Iran: Not only India, many other US allies may seek waivers

US sanctions on Iran: Not only India, many other US allies may seek waivers

When it comes to buying Iranian oil, Donald Trump has laid down the law for the world: Don’t do it. Starting next week, the US president will have to decide how to deal with violators.

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Petrol prices slashed by over Rs 3 in Delhi, Mumbai in last two weeks; check latest prices for all metros

Petrol prices slashed by over Rs 3 in Delhi, Mumbai in last two weeks; check latest prices for all metros

Fuel prices have been on a decline in recent times, oil marketing firms slashing petrol prices by over Rs 3 in national capital Delhi in the last two weeks alone. One litre of petrol is now retailing at Rs 79.55, down by Rs 3.28 from

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Bharat Petroleum Corporation standalone net profit declines 48.30% in the September 2018 quarter

Bharat Petroleum Corporation standalone net profit declines 48.30% in the September 2018 quarter

Net profit of Bharat Petroleum Corporation declined 48.30% to Rs 1218.71 crore in the quarter ended September 2018 as against Rs 2357.40 crore during the previous quarter ended September 2017.

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Indian Railways to seek additional Rs 18,000 crore to complete projects: Report

Indian Railways to seek additional Rs 18,000 crore to complete projects: Report

Indian Railways is planning to seek additional Rs 18,000 crore of gross budgetary support (GBS) from the Finance Ministry for FY19 to accelerate its existing infrastructure projects, as per a report in Financial Express.

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India will need USD 4.5 trillion till 2040 for infrastructure development: Amitabh Kant

India will need USD 4.5 trillion till 2040 for infrastructure development: Amitabh Kant

India will need around USD 4.5 trillion till 2040 for development of infrastructure sector in the country, Niti Aayog CEO Amitabh Kant said Wednesday. Kant further said that there is an urgent need to restructure entire existing public-private partnership

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Deepavali Surprise For Chennai Metro Goers: Trains Decorated To Usher In ‘The Festival Of Lights’

Deepavali Surprise For Chennai Metro Goers: Trains Decorated To Usher In ‘The Festival Of Lights’

Commuters using the metro train in Chennai were welcomed with a beautiful sight as the trains were decked with elaborate decorations on Tuesday (30 October). Chennai Metro Rail Limited (CMRL)

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Indian Railways ALERT! This service will not be available to passengers today, tomorrow; this is why

Indian Railways ALERT! This service will not be available to passengers today, tomorrow; this is why

Indian Railways booking tickets online system will not be available for hours today! This Indian Railways decision may cause inconvenience to lakhs of passengers as it will block the passenger reservation system (PRS)

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Long distance trains delayed due to derailment of goods train's wagon

Long distance trains delayed due to derailment of goods train's wagon

The movement of long distance and local trains on Barauni-Katihar section under Sonpur division of East Central railway was disrupted after a wagon of goods train derailed near Pasraha railway station today.

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NIIF acquires IDFC Infrastructure Finance

NIIF acquires IDFC Infrastructure Finance

The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund.

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IRCTC announces special trains for Diwali and Chhath Puja

IRCTC announces special trains for Diwali and Chhath Puja

With Diwali and Chhath Puja just around the corner, the Indian Railway Catering and Tourism Corporation (IRCTC) has introduced special trains on special routes, especially in Bihar and Jharkhand.

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Cube Highways close to buying IL&FS’ Seven Road projects

Cube Highways close to buying IL&FS’ Seven Road projects

Cube Highways, backed by global private equity fund I Squared Capital and Abu Dhabi Investment Authority (ADIA), is close to signing an agreement with IL&FS to purchase its seven toll road projects with an enterprise value

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Penultimate inspection before starting E-W ops

Penultimate inspection before starting E-W ops

Research Design and Standards Organization (RDSO) has started testing the East-West Metro — the penultimate inspection before the service can become operational. A 14-member team from RDSO, under the ministry of railways

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Hoax bomb call to Tamilnadu super fast express Train halted for 70 minutes at Krishna canal station

Hoax bomb call to Tamilnadu super fast express Train halted for 70 minutes at Krishna canal station

Hoax bomb call created a commotion in Chennai-New Delhi express train and Railway security personnel in the early hours on Wednesday. Railway Protection Force and Government Railway police personnel searched the train after halting at Krishna

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