GOOD EVENING INDIA

May 26, 2019, Sunday

Your Evening News Updates From Across The Media Space

Power bill too high in Mumbai? MERC appoints fact-finding committee against Adani Electricity

Power bill too high in Mumbai? MERC appoints fact-finding committee against Adani Electricity

The Maharashtra Electricity Regulatory Commission (MERC) on Friday said consumer complaints against high electricity bills sent by Adani Electricity Mumbai Ltd (AEML) to be genuine.

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Vedanta case: Court panel extends hearing on smelter re-opening

Vedanta case: Court panel extends hearing on smelter re-opening

India’s environmental court said it will resume hearing Vedanta Ltd’s case on Monday to decide whether to re-open the company’s copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.

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Delhi govt invites bids for setting up 35 Mw rooftop solar power projects

Delhi govt invites bids for setting up 35 Mw rooftop solar power projects

The Energy Efficiency & Renewable Energy Management (EEREM) centre, Delhi government’s nodal agency for rooftop solar projects, today launched a tender for setting up 35 Megawatt (Mw) grid-connected rooftop solar projects

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‘Sun in a box’ system to store renewable energy

‘Sun in a box’ system to store renewable energy

MIT scientists have designed a system that could store renewable energy, such as solar and wind power, and deliver it back into an electric grid on demand. The system, described in the journal Energy and Environmental Science,

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Govt to move court to disgorge assets of errant IL&FS officials

Govt to move court to disgorge assets of errant IL&FS officials

The government will move the National Company Law Tribunal (NCLT) to disgorge the assets of errant managers in the distressed Infrastructure Lease & Financial Services Ltd (IL&FS).

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IL&FS crisis: SEBI in talks with industry on mutual funds norms

IL&FS crisis: SEBI in talks with industry on mutual funds norms

India's market regulator is in talks with industry to deal with fears of contagion effect on mutual funds due to a liquidity crisis faced by the country's non-banking finance companies (NBFC), its chief said on December 7.

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Climate change: Carbon emission to hit record high in 2018 at 37 bn tonnes

Climate change: Carbon emission to hit record high in 2018 at 37 bn tonnes

Carbon dioxide (CO₂) emissions from fossil fuels and industry are projected to rise more than 2% (range 1.8% to 3.7%) in 2018, taking global fossil CO₂ emissions to a new record high of 37.1 billion tonnes.

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Centre okays dam on Ravi, will cut water flow to Pakistan

Centre okays dam on Ravi, will cut water flow to Pakistan

The Centre on Thursday approved implementation of the Shahpurkandi Dam project + on the Ravi in Punjab. The move will allow India to use the water which at present goes “waste” flowing through the Madhopur Headworks downstream to Pakistan.

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PFC buyout of REC: How PSU sales may help Modi government to meet ambitious disinvestment target

PFC buyout of REC: How PSU sales may help Modi government to meet ambitious disinvestment target

Cabinet approval to the strategic sale of its nearly 53 percent stake in Rural Electrification (REC) to the Power Finance Corporation (PFC) will help the Modi government to move closer to its ambitious disinvestment target of Rs 80,000

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SC refuses to stay CBI probe against cops for firing during anti-Sterlite protests

SC refuses to stay CBI probe against cops for firing during anti-Sterlite protests

The Supreme Court Friday refused to stay the Madras High Court order for a CBI probe against police officials for firing during the anti-Sterlite protests in Tamil Nadu in May this year.

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Coal India shares fail to kindle the fire

Coal India shares fail to kindle the fire

Shares of India’s largest coal producer, Coal India Ltd, have been lacklustre on the bourses. So far this fiscal year, the stock has underperformed the BSE 100 index, despite decent results in the first two quarters.

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NTPC likely to buy central govt’s stake in SJVN, discussions on with Himachal Pradesh govt

NTPC likely to buy central govt’s stake in SJVN, discussions on with Himachal Pradesh govt

Power company NTPC is likely to acquire the Central government’s stake in SJVN Ltd, an official said. However, the acquisition deal is stuck because of resistance from the Himachal Pradesh (HP) government, the official added

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Oil Minister Dharmendra Pradhan hopes OPEC will remember consumers when cutting output

Oil Minister Dharmendra Pradhan hopes OPEC will remember consumers when cutting output

Oil Minister Dharmendra Pradhan said on Friday he was hopeful that Organization of the Petroleum Exporting Countries (OPEC) would keep in mind consumers’ interests before deciding to cut crude oil production.

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West Bengal to get 1,024 new petrol pumps

West Bengal to get 1,024 new petrol pumps

Barely a few months before the Lok Sabha elections, the largest oil company in India, Indian Oil Corporation Limited (IOCL) has announced to set up about 1,024 new petrol pumps in West Bengal.

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Diesel-loaded tankers stranded in Asia as buyers retreat

Diesel-loaded tankers stranded in Asia as buyers retreat

Several tankers carrying diesel fuel are floating off Taiwan and Southeast Asian waters as a steep fall in oil prices kept buyers at bay, trade and shipping sources said on December 7, helping push rates to their highest since January 2016.

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India to buy Iranian oil in rupees: Here's how the agreement will work

India to buy Iranian oil in rupees: Here's how the agreement will work

India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday.

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OPEC yet to agree final deal as Iran seeks exemptions

OPEC yet to agree final deal as Iran seeks exemptions

Iran appeared on Friday to be the main obstacle for an OPEC deal to cut oil production as the group’s leader Saudi Arabia had yet to agree exemptions for sanctions-hit Tehran, two OPEC sources said.

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PM Narendra Modi’s views on oil prices taken seriously, says Saudi minister

PM Narendra Modi’s views on oil prices taken seriously, says Saudi minister

Oil cartel OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices

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Petrol price down by 15% in 2 months. Today’s petrol, diesel rates in top cities

Petrol price down by 15% in 2 months. Today’s petrol, diesel rates in top cities

With the Organisation of the Petroleum Exporting Countries (OPEC) remaining non-committal on crude oil supply cut at its Vienna meeting, fuel prices now appear to be heading for another slide in India.

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Iran Asking OPEC to Use March-April Oil Output Levels as Baseline for New Cuts - Source

Iran Asking OPEC to Use March-April Oil Output Levels as Baseline for New Cuts - Source

Iran has asked other OPEC states to use the country’s March or April oil production levels of about 3. 8 million barrels per day as a baseline for the potential output cut as part of the extension of the OPEC-non-OPEC deal, a source close to the talks told Sputnik.

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Keeping Petro-Fuels Outside GST Is Politically Sensible; It Helps Reduce Centre-State Friction

Keeping Petro-Fuels Outside GST Is Politically Sensible; It Helps Reduce Centre-State Friction

With global oil prices weakening, the oil marketing companies are passing on the reductions to petrol and diesel consumers, especially since this is election season.

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OPEC and partners face steep challenge to reach oil cut deal

OPEC and partners face steep challenge to reach oil cut deal

OPEC will meet with 10 partner countries, including Russia, on Friday to try to thrash out an agreement on oil production cuts, a day after the group's members failed to reach a deal

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Skywalk Equipped With Travelators Will Link Delhi Metro’s Pink Line With Airport Express Line

Skywalk Equipped With Travelators Will Link Delhi Metro’s Pink Line With Airport Express Line

In a move to make commuters’ lives easier, a new skywalk equipped with travelators is soon coming up to connect the Pink Line’s Durgabai Deshmukh South Campus station with the Airport Express Line’s Dhaula Kuan station

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Make In India, Ride In Australia: Alstom’s Andhra Facility Completes Delivery Of 22 Sydney Metro Train-Sets

Make In India, Ride In Australia: Alstom’s Andhra Facility Completes Delivery Of 22 Sydney Metro Train-Sets

French multinational Alstom, strengthening India’s role as manufacturing and engineering hub, has delivered the last of 22 trainsets produced in company’s Sricity facility in Andhra Pradesh to Sydney Metro, Moneycontrol has reported.

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The Posh Tejas Express With Swanky Coaches to Run Soon

The Posh Tejas Express With Swanky Coaches to Run Soon

The wait for the premium super-fast Tejas Express has been real. This train between Chennai and Madurai has been introduced keeping in mind the long pending demands of Tamil Nadu rail users.

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Indian Railways new luxury IRCTC Buddhist Circuit Tourist Train is here! Check dates, fares and other details

Indian Railways new luxury IRCTC Buddhist Circuit Tourist Train is here! Check dates, fares and other details

Enjoy a luxury pilgrimage tour like never before! Indian Railways’ famous swanky new Buddhist Circuit tourist train operated by Indian Railway Catering and Tourism Corporation (IRCTC) will be put into service from this month onwards.

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Yamuna e-way to raise toll to bear cost of solar lights

Yamuna e-way to raise toll to bear cost of solar lights

Users of Yamuna expressway may have to pay more toll as the YEIDA has decided to set up solarlights on the 165-km stretch connecting Greater Noida to Agra and recover the cost from them.

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Improper planning hiked cost of Rani Jhansi flyover by Rs 546 crore: Report

Improper planning hiked cost of Rani Jhansi flyover by Rs 546 crore: Report

The North Delhi Municipal Corporation’s preliminary audit report on Rani Jhansi flyover stated that the project took an additional 18 years to be completed owing to improper planning and inadequate monitoring.

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L&T bags orders worth Rs 2,547 cr

L&T bags orders worth Rs 2,547 cr

Larsen & Toubro (L&T) Friday said its construction arm has won orders worth Rs 2,547 crore in the domestic and international markets. “L&T’s power transmission and distribution business has secured orders worth Rs 2,547 crore.

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