GOOD EVENING INDIA

January 19, 2019, Saturday

Your Evening News Updates From Across The Media Space

Finance Ministry likely to stick to capital infusion programme for PSU banks

Finance Ministry likely to stick to capital infusion programme for PSU banks

The Finance Ministry would not curtail its capital infusion plan for this financial year even as state-owned banks would be needing fewer funds following the RBI's decision to defer the deadline to meet Basel III norms by a year, according to sources.

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Gensol engineering eyes Rs 20 crore from IPO next year

Gensol engineering eyes Rs 20 crore from IPO next year

Gensol Engineering Ltd, part of the Ahmedabad-based Gensol group of companies that provide solar advisory and EPC services, intends to raise roughly Rs 20 crore from the primary market early next year.

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Jaitapur nuclear project: Land acquisition process completed

Jaitapur nuclear project: Land acquisition process completed

The land acquisition process for the 9900 MW nuclear power plant in Jaitapur, about 600 kilometres from here, has been completed, Maharashtra Energy Minister Chandrashekhar Bawankule said.

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Jan target to lay stone of thermal power proj

Jan target to lay stone of thermal power proj

The project, being executed by public sector undertaking SJVN Ltd, entails an expenditure of over Rs 10,000 crore.Sources said different aspects of the project were discussed in the meeting.

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EIB, SBI expand cooperation in wind energy financing

EIB, SBI expand cooperation in wind energy financing

The European Investment Bank (EIB) Friday said it will increase its support for India's wind energy projects by expanding the existing lending programmes with SBI.

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CERC Issues Deviation Settlement Regulations for Grid-Connected Power

CERC Issues Deviation Settlement Regulations for Grid-Connected Power

The Central Electricity Regulatory Commission (CERC) has issued its fourth amendment to the deviation settlement regulations. These regulations will come into force from January 1, 2019.

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PSPCL to set up 65 MW paddy straw power plant in Bathinda

PSPCL to set up 65 MW paddy straw power plant in Bathinda

The Punjab State Power Corporation Limited (PSPCL) is going to set up a 60-65 MW paddy straw-based power plant at the cost of Rs 150 crore. PSPCL’s board of directors (BoD) in a meeting on Wednesday cleared the proposal

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ArcelorMittal investing to improve efficiency of Florange site

ArcelorMittal investing to improve efficiency of Florange site

For two years, ArcelorMittal has been investing to improve the energy efficiency of the Florange site. A new steam production unit has just been inaugurated. Heat capture projects are underway.

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NITI Aayog in the driver’s seat for ambitious EV rollout plan

NITI Aayog in the driver’s seat for ambitious EV rollout plan

NITI Aayog, the government’s apex policy think tank, has been tasked with rolling out an ambitious electric vehicle (EV) plan, pushing the department of heavy industries (DHI) into a tertiary role for a policy that is aimed at projecting India as a global torchbearer of green vehicles.

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Oil India to buy back 4.45% shares for Rs 1,085 crore

Oil India to buy back 4.45% shares for Rs 1,085 crore

Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs 1,085 crore as part of the government’s push to cash-rich PSUs to part with their surplus either by paying higher dividends or through share buybacks, to help meet revenue targets.

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Biodiesel Can Be Used As Transportation Fuel: Bombay High Court

Biodiesel Can Be Used As Transportation Fuel: Bombay High Court

The Bombay High Court on Wednesday removed the restrictions on biodiesel, which earlier prevented it from being used as transportation fuel to power vehicles.

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Oil falls to lowest since late 2017 on emerging supply glut, Opec expected to cut

Oil falls to lowest since late 2017 on emerging supply glut, Opec expected to cut

Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic outlook.

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Asian prices dragged down by oil slide, heavy supply

Asian prices dragged down by oil slide, heavy supply

Asian spot prices for liquefied natural gas (LNG) tumbled nearly 10 percent this week to a more than three-month low, knocked lower by a slide in oil prices, forecasts for a warmer than average winter and ample supply onshore and in tankers.

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Fuel price continue to fall

Fuel price continue to fall

Fuel prices in various parts of the country continued to witness a downward trend on Friday, owing to the fall in crude oil prices in the international market. Petrol and diesel prices in all the major cities were slashed down by 40-44 paise.

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Exclusive: Trafigura, BP increase loans to Russia-backed Nayara Energy to $3 billion

Exclusive: Trafigura, BP increase loans to Russia-backed Nayara Energy to $3 billion

Russian-backed Indian refiner Nayara Energy is set to secure its biggest fuel-backed loan, a $1.5 billion advance from Trafigura, BP and some banks, according to industry and banking sources familiar with the matter.

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Oil falls on supply glut fears, but expected OPEC cuts provide some support

Oil falls on supply glut fears, but expected OPEC cuts provide some support

Oil prices renewed their fall on Friday, pressured by concerns that producers are churning out more oil than the world needs amid a bleak economic outlook. Markets were offered some support by an expectation that the Organization

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Before polls, PM’s energy plan gets CNG, PNG boost

Before polls, PM’s energy plan gets CNG, PNG boost

Prime Minister Narendra Modi on Thursday gave a booster shot to his energy plan months ahead of the general elections by simultaneously launching work on city gas distribution projects in 129 districts across 18 states

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Year-end cheer! Delhi Metro Dilshad Garden-New Bus Adda stretch, Noida Metro Aqua line may open on Christmas

Year-end cheer! Delhi Metro Dilshad Garden-New Bus Adda stretch, Noida Metro Aqua line may open on Christmas

Delhi Metro and Noida Metro to bring year-end cheer! The metro network’s Rithala-Dilshad Garden Red Line will soon be extended to Ghaziabad’s New Bus Adda. Not only that, the Noida Metro Aqua line, connecting Noida to Greater Noida, will also be thrown open.

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Indian Railways puts renovated heritage steam locomotive into service to haul Palace on Wheels luxury train

Indian Railways puts renovated heritage steam locomotive into service to haul Palace on Wheels luxury train

Great news for rail enthusiasts: Indian Railways, in an attempt to bring back the magic of steam-hauled trains, has put into service its renovated heritage steam loco Azad WP 7200 for the Palace on Wheels train!

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Bengaluru Metro: Running Hours Extended By 30 Minutes; Green Line To Soon See Six-Car Train

Bengaluru Metro: Running Hours Extended By 30 Minutes; Green Line To Soon See Six-Car Train

Currently, Bangalore Metro Rail Corporation Limited (BMRCL) has restricted the operations of its last train departing from the central station at Kempegowda Metro to 11:30 PM, The New Indian Express has reported.

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Govt kicked off over 600 infra projects in 4 years: Care Ratings

Govt kicked off over 600 infra projects in 4 years: Care Ratings

India's infrastructural landscape is changing quickly. Over the last four years, the Narendra Modi-led government has focused heavily on infrastructural development, with the total number of projects rising 87 percent.

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Railways working on beautification of railway stations: See pics

Railways working on beautification of railway stations: See pics

Indian Railways has been working towards beautification of Railway Stations as well as trains. Railway Stations are being beautified with wall painting and beautiful murals. Aside from painting, Railways is also looking to modernise

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Chennai-Mysore via Bengaluru in 2 hrs 25 mins! Germany proposes bullet train; submits study to Indian Railways

Chennai-Mysore via Bengaluru in 2 hrs 25 mins! Germany proposes bullet train; submits study to Indian Railways

Travelling from Chennai to Mysore via Bengaluru may take just 2 hours and 25 minutes in the coming years! The German government has recently submitted a feasibility study to the Railway Board on a new bullet train project on the Chennai-Arakkonam-Bangalore-Mysore route.

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Andhra’s East-Godavari District To Get 1,811 Acre Greenfield Commercial Port, Will Create 3,000 Jobs

Andhra’s East-Godavari District To Get 1,811 Acre Greenfield Commercial Port, Will Create 3,000 Jobs

Kakinada Gateway port (KGPL) has inked an agreement with Andhra Pradesh government to develop greenfield commercial port in Kona village of Godavari district to facilitate Kakinada SEZ.

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How IIFCL manages to keep afloat despite infrastructure stress

How IIFCL manages to keep afloat despite infrastructure stress

The government-owned India Infrastructure Finance Company Ltd (IIFCL) wrote off 16 accounts from its balance sheet last year, which was also the year when it reported its first loss at Rs 11.56 billion, since inception in 2006.

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'Work-to-rule' protest by Railway workers from December 11

'Work-to-rule' protest by Railway workers from December 11

Railway workers will do no more than the minimum required by the rules of their contract from December 11 and refuse all overtime in a call for 'work-to-rule' to protest the Railway Ministry's refusal to meet their demand

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