GOOD EVENING INDIA

November 16, 2018, Friday

Your Evening News Updates From Across The Media Space

Power sector to attract Rs 11.56 trillion investments in five years

Power sector to attract Rs 11.56 trillion investments in five years

The country's power sector is poised to attract investments worth Rs 11.56 trillion between 2017 and 2022. Investments are expected to flow into thermal, hydro, nuclear and renewables segments.

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ISTS Charges Waiver for Mega Solar Manufacturing Tender Extended by Two Years

ISTS Charges Waiver for Mega Solar Manufacturing Tender Extended by Two Years

The Solar Energy Corporation of India (SECI) has amended the Request for Selection (RfS) for setting up of 10 GW of ISTS-connected solar PV power projects linked with 3 GW (per year) solar manufacturing capacity.

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French Ambassador to participate in Indo-French Investment Conclave

French Ambassador to participate in Indo-French Investment Conclave

Ambassador of France to India Alexandre Ziegler will head a delegation of over 100 French company leaders to Nagpur on November 2 to enhance France's cooperation with India in all aspects of sustainable urban development.

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Coal India share sale over-subscribed, set to fetch Rs 5,000 crore

Coal India share sale over-subscribed, set to fetch Rs 5,000 crore

The government’s 3% stake sale in Coal India was over-subscribed on Thursday. It is likely to fetch at least Rs 5,000 crore to the exchequer. Bidding opened for retail buyers on Thursday — the second day of the two-day offer for sale

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NGT seeks report from UP and Haryana on pollution in Yamuna

NGT seeks report from UP and Haryana on pollution in Yamuna

The National Green Tribunal (NGT) has directed the chief secretaries of Uttar Pradesh and Haryana to file a compliance report in two weeks on its earlier directions in which full-time committees were to be formed by the two states for dealing

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Power connection of 57 units in Derabassi snapped on National Green Tribunal Order

Power connection of 57 units in Derabassi snapped on National Green Tribunal Order

The Punjab State Power Corporation Limited (PSPCL) on Wednesday snapped the power connections of 57 industrial units in Derabassi following the orders of the National Green Tribunal (NGT).

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Azure Power signs agreement with NTPC for 300 Mw solar power project

Azure Power signs agreement with NTPC for 300 Mw solar power project

Solar power producer Azure Power today announced it has signed a Letter of Award (LoA) with NTPC Ltd for a 300 Megawatt solar power project. Azure had won the project in an auction conducted by NTPC.

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Regulatory body again directs UT to act tough against power defaulters

Regulatory body again directs UT to act tough against power defaulters

The Joint Electricity Regulatory Commission (JERC) has once again directed the UT electricity department to act tough against defaulters, who have failed to clear their dues. Within two months, this is the second time that the JERC has issued these directions. Earlier, in September too the department had issued similar directions. A senior UT official said that they had already …

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Maharashtra Electricity Commission Dismisses Bagasse-Based Developer’s Petition

Maharashtra Electricity Commission Dismisses Bagasse-Based Developer’s Petition

The, Maharashtra Electricity Regulatory Commission (MERC) has dismissed a petition filed by Olam Agro India Pvt. Ltd. (OAIPL) to directing MSETCL to comply with MERC’s previous impugned order.

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GUVNL increases fuel surcharge

GUVNL increases fuel surcharge

Electricity consumers of Gujarat Urja Vikas Nigam Limited (GUVNL) will have to cough up more for power they consume as the state-run power utility has increased fuel and power purchase price adjustment (FPPPA) charges by 23 paise per unit to Rs 1.84 per unit from Rs 1.61/unit.

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Will Supreme Court’s Status Quo Help Rattan India Power Against Insolvency?

Will Supreme Court’s Status Quo Help Rattan India Power Against Insolvency?

Can creditors initiate insolvency proceedings against power companies after the Supreme Court directed a status quo until Nov. 14? This is no longer a hypothetical question.

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More India projects could mean better margins for L&T

More India projects could mean better margins for L&T

Quicker execution of infrastructure and hydrocarbon projects and an increase in order inflows could prompt analysts to enhance the earnings estimates at Larsen & Toubro, considered the perfect proxy for capital-intensive economic activity in India.

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Power plants may not get natural gas on priority basis

The government proposes to withdraw priority in gas allocation to power plants, a major setback to the already stressed power sector and country’s top power producer NTPC.

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HPCL second quarter net profit dips 37% to Rs 1,092 crore

HPCL second quarter net profit dips 37% to Rs 1,092 crore

Hindustan Petroleum (HPCL), government-owned fuel retailer, today reported a 37 per cent fall in its net profit at Rs 1,092 crore for the quarter ended September 2018, as compared to a net profit of Rs 1,735 crore reported in the corresponding quarter

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Oil Critical For Sustaining India's Economic Growth, US Understands That: MEA

Oil Critical For Sustaining India's Economic Growth, US Understands That: MEA

Days after United States President Donald Trump announced that all American sanctions against Iran will be in full force on November 5, Ministry of External Affairs (MEA) spokesperson Raveesh Kumar said the US

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Trump agrees to grant India waiver from Iran oil sanctions, says report

Trump agrees to grant India waiver from Iran oil sanctions, says report

India and South Korea agreed with the US on the outline of deals that would allow them to keep importing some Iranian oil, according to Asian officials with knowledge of the matter.

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India, Korea Said to Agree Iran Oil Waiver Outline With U.S.

India, Korea Said to Agree Iran Oil Waiver Outline With U.S.

India and South Korea agreed with the U.S. on the outline of deals that would allow them to keep importing some Iranian oil, according to Asian officials with knowledge of the matter.

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ONGC to draw perspective plan to integrate business

ONGC to draw perspective plan to integrate business

State-owned Oil and Natural Gas Corporation will draw a new perspective plan to integrate recent acquisition HPCL and just commissioned petrochemical unit with its mainstay oil and gas exploration and production operations, its Chairman and MD Shashi Shanker said.

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As airlines struggle to survive, jet fuel price hiked by over 5%

As airlines struggle to survive, jet fuel price hiked by over 5%

Oil companies on Thursday hiked the price of aviation turbine fuel (ATF) by 5.2 per cent, in yet another blow to India's struggling-to-survive airlines. The price per kilolitre (kl) of jet fuel after the latest monthly revision in Delhi

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Petrol prices cut by 18 paise in Delhi, retails at Rs 79.37 per litre; diesel unchanged

Petrol prices cut by 18 paise in Delhi, retails at Rs 79.37 per litre; diesel unchanged

Petrol prices continued to tumble on Thursday as the essential commodity is now being sold at Rs 79.37 per litre in the national capital. While diesel prices remained unchanged, petrol witnessed a decrease of 18 paise in Delhi as compared to Tuesday.

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Oil prices fall on signs of rising supply, economy worries

Oil prices fall on signs of rising supply, economy worries

Oil prices fell on Thursday to extend losses from the previous session, pressured by signs of rising supply and by growing concerns that demand may weaken on the prospect of a global economic slowdown.

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Special Friendship? India To Get Waiver From US To Import Crude Oil From Iran

Special Friendship? India To Get Waiver From US To Import Crude Oil From Iran

In what could be considered a relief for India, the United States has broadly agreed to give India a waiver from the sanctions it has re-imposed on Iran. This development comes after India decided to cut oil imports by nearly a third in 2018-19, The Economic Times has reported.

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India will pay in rupees for Iran oil post-US sanctions

India will pay in rupees for Iran oil post-US sanctions

India will settle oil contracts with Iran in rupee using a bank in the Gulf nation post November 4 when the US sanctions would freeze all payment channels using international currency. Sources privy to the development told FC Iranian Bank Pasargad could become

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Centre approves Rs 194.44 crore Safe City Project for Lucknow

Centre approves Rs 194.44 crore Safe City Project for Lucknow

The central government has approved a 'Safe City Project' for Lucknow at a total cost of Rs 194.44 crore under the Nirbhaya Fund Scheme with an aim to strengthen security of women in public places.

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Ease of Mobility : Catamarans, luxury double-decker buses and faster Metro trains soon to be a reality

Ease of Mobility : Catamarans, luxury double-decker buses and faster Metro trains soon to be a reality

If the plans are executed as envisioned, soon, India could see aero-boats, double-decker electric buses and catamarans up and running between major cities like Delhi, Mumbai and Jaipur.

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Great news! Indian Railways to introduce 3 more Ramayana Express trains from Jaipur, Rajkot and Madurai

Great news! Indian Railways to introduce 3 more Ramayana Express trains from Jaipur, Rajkot and Madurai

Ramayana Express: After getting a good response for the first Ramayana Express, starting on November 14, from Delhi to Chennai, Indian Railways is now likely to launch three more Ramayana Express train services from different parts of the country.

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NHAI On The Move: Work On Long Pending Chennai Port–Maduravoyal Elevated Expressway To Finally Get Underway

NHAI On The Move: Work On Long Pending Chennai Port–Maduravoyal Elevated Expressway To Finally Get Underway

The National Highway Authority of India (NHAI) will finally resume work on the stalled Chennai Port-Maduravoyal elevated expressway, Newstoday has reported. The project’s cosy has been revised to Rs 2,400 crore from the earlier estimate

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Cabinet apprised of MoU, MoC b/w India, Russia in transport education, railways

Cabinet apprised of MoU, MoC b/w India, Russia in transport education, railways

The Union Cabinet chaired by Prime Minister Narendra Modi has been apprised of a Memorandum of Understanding and a Memorandum of Cooperation with Russia on October 5, 2018.

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Indian Railways to save nearly Rs 30 crore by switching to Reliance Jio connections for its staff?

Indian Railways to save nearly Rs 30 crore by switching to Reliance Jio connections for its staff?

To bag Indian Railways’ telecom accounts, Reliance Jio Infocomm has emerged as the lowest bidder, leaving behind Airtel and Vodafone. For more than six years now, the only telecom provider for 3.78 lakh mobile phone

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Train Journeys To Get Smoother: Indian Railways To Recall All LHB Coaches To Fix Issue Of Sudden Jerks

Train Journeys To Get Smoother: Indian Railways To Recall All LHB Coaches To Fix Issue Of Sudden Jerks

According to Railway Board Chairman Ashwani Lohani, all LHB (Linke Hofmann Busch) coaches currently in use by the Indian Railways, will be recalled to fix a certain technical issue. It caused the trains to jerk when they restarted after every stop.

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PMRDA begins process to raise funds through civic bonds

PMRDA begins process to raise funds through civic bonds

After the success of the Pune Municipal Corporation (PMC) in raising funds through municipal bonds, the Pune Metropolitan Region Development Authority (PMRDA) has begun the process to do the same to implement its

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Railways increases freight rates for major commodities by almost 9 per cent

Railways increases freight rates for major commodities by almost 9 per cent

The Railways has revised its tariffs for bulk commodities such as coal, iron ore and steel, which could raise costs for power producers and steel and its user industries. The national transporter also removed surge pricing on certain categories

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