GOOD EVENING INDIA

March 25, 2019, Monday

Your Evening News Updates From Across The Media Space

PFC allays investor fears, says REC acquisition deal size not finalised yet

PFC allays investor fears, says REC acquisition deal size not finalised yet

Allaying investors' concerns over acquisition of the government's stake in REC, Power Finance Corporation (PFC) Thursday said it has not yet decided on definitive pricing of the deal and its impact cannot be assessed at this stage

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Ensure uninterrupted power supply to farmers: Madhya Pradesh CM Kamal Nath

Ensure uninterrupted power supply to farmers: Madhya Pradesh CM Kamal Nath

Chief minister Kamal Nath on Wednesday introduced senior officers with his team of ministers at the secretariat. Soon after a cabinet meeting, the Nath team was in action mode as the chief minister viewed a presentation on the various issues and schemes in the state.

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Karnataka CM demands Centre for immediate coal supply to Raichur Thermal Power Station

Karnataka CM demands Centre for immediate coal supply to Raichur Thermal Power Station

Karnataka Chief Minister H D Kumaraswamy met Union Coal Minister Piyush Goyal on December 27 here and demanded the Centre to ensure immediate supply of coal to Raichur Thermal Power Station (RTPS).

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Power Finance Corporation update on proposed acquisition of Govt.'s stake in REC

Power Finance Corporation update on proposed acquisition of Govt.'s stake in REC

The Board of Directors of Power Finance Corporation in their meeting held on 20 December 2018 has given an in-principle approval to the acquisition of GOI's stake in REC.

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India eyes $100 bn FDI in 2 years; Power, airlines and pharma sectors in focus

India eyes $100 bn FDI in 2 years; Power, airlines and pharma sectors in focus

India will aim to receive USD 100 billion in foreign direct investments in the next two years and special industrial clusters are being created for countries like Japan, South Korea, China and Russia where their companies can invest

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Light Years Ahead! Karnataka Now Leads India's Renewable Energy Revolution With A Capacity Of 12.64 GW

Light Years Ahead! Karnataka Now Leads India's Renewable Energy Revolution With A Capacity Of 12.64 GW

Karnataka is showing the rest of the country, how to gradually transform the energy sources from non renewable to sustainable. With a total production capacity of of 12.64 gigawatts, Karnataka has emerged as the leader in producing renewable energy in India.

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Vedanta To Invest $8 Billion Over Next Three Years, Says Anil Agarwal

Vedanta To Invest $8 Billion Over Next Three Years, Says Anil Agarwal

Vedanta Ltd. plans to invest $8 billion to expand production capacities over the next three years as part of its strategy to improve revenue and profitability, according to its Group Chairman Anil Agarwal.

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‘Small change in habit can reduce power consumption’

‘Small change in habit can reduce power consumption’

Small change in habit could reduce power consumption by individual and hence by the society. This would go in the long run to save the planet earth, asserted Chitrapu Jaisurya, additional director, Petroleum Conservation Research Association.

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PSPCL seeks hike in tariff to ease revenue deficit

PSPCL seeks hike in tariff to ease revenue deficit

Going through financial distresses due to a huge loan outstanding and the delayed payment of power subsidies, the Punjab State Power Corporation Limited (PSPCL) has sought a substantial hike in the power tariff to mitigate its revenuedeficit during the next financial year.

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Industrial bodies to discuss power tariff hike

Industrial bodies to discuss power tariff hike

Industrial associations in the district will be meeting here on Friday to discuss the increase in power tariff by up to 25% and chalk out the future course of action. The Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA)

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‘India’s over $3 bn oil & gas imports from US will bridge trade deficit’

‘India’s over $3 bn oil & gas imports from US will bridge trade deficit’

India has imported oil and gas worth over $3 billion from the United States (US) in 2018 which will help bring down the trade imbalance significantly, a senior government official has said.

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Manali Petrochemicals stops operations at its plant

Manali Petrochemicals stops operations at its plant

Manali Petrochemicals Ltd has stopped operations at one of its plants here following a directive from Central Pollution Control Board citing "certain shortcomings."

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Indian Oil, ONGC, NTPC most profitable PSUs in FY18

Indian Oil, ONGC, NTPC most profitable PSUs in FY18

Indian Oil Corporation, ONGC and NTPC emerged as the top three most profitable PSUs in 2017-18, while BSNL, Air India and MTNL incurred the highest losses for the second consecutive year, according to a survey tabled in Parliament on Thursday.

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Crude prices right now offer binary recession bet: Oil strategy

Crude prices right now offer binary recession bet: Oil strategy

A recipe for New Year crude oil price weakness: Take 2 parts trade-war worries, 1 part each of quantitative tightening and fear of a slowdown in Chinese growth. Add a dollop of credit default concern and a generous pinch of European

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Opec holds the key to Indian economy’s fortunes in 2019

Opec holds the key to Indian economy’s fortunes in 2019

Even as foreign institutional investors pull out money from the country, the rupee is witnessing a smart recovery over the past few trading sessions. The reason behind this paradox is simple: falling crude oil prices

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Oil prices surge as US equities soar

Oil prices surge as US equities soar

Oil prices surged on Wednesday, erasing sharp losses on Christmas eve following equity markets' strong rebound from one-and-a-half year low. Stocks posted their best day in nearly a decade on Wednesday

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Petrol price today: Petrol price touches new low in 2018; selling at Rs 69.74 per litre in Delhi

Petrol price today: Petrol price touches new low in 2018; selling at Rs 69.74 per litre in Delhi

Fuel price across major cities saw another cut on Thursday, with petrol is now being retailed at Rs 69.74 per litre in the national capital Delhi and Rs 75.36 per litre in Mumbai, a reduction of 5 paise from yesterday’s price.

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Brent crude oil prices fall after jump the day before; glut, economy worries weigh

Brent crude oil prices fall after jump the day before; glut, economy worries weigh

Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support

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ONGC in trouble as acquisitions raise debt, investor confidence shaky

ONGC in trouble as acquisitions raise debt, investor confidence shaky

It wasn’t too long ago that the state-run oil explorer — Oil and Natural Gas Corporation — was not only debt-free but one of the country’s most profitable and cash-rich firms. Today, however, it is at a critical juncture.

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New year gift for Mumbai AC local passengers! Indian Railways announces no fare hike for another four months

New year gift for Mumbai AC local passengers! Indian Railways announces no fare hike for another four months

Mumbai AC local train: Big news for Mumbaikars! Indian Railways’ New Year 2019 gift is all set to make travelling by Mumbai’s first AC local train better. Recently, Piyush Goyal-led Railway Ministry

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2018 A Year Of Many "Firsts" For Indian Railways: Minister Piyush Goyal

2018 A Year Of Many "Firsts" For Indian Railways: Minister Piyush Goyal

If the Indian Railways were to attempt a tagline for its achievements over this year, it would probably be "2018, a year of many firsts". For the railways, this year saw the national transporter manufacturing India's fastest train,

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Central Railways introduces technology to eliminate manual examination of trains

Central Railways introduces technology to eliminate manual examination of trains

The mechanical branch of Central Railways' Nagpur division has introduced a new state-of-the-art technology called Automated Train Examination System (ATES) for the enhancement of train safety.

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Good News For Bengaluru’s Bus Users: Soon, BMTC Will Offer Paperless Passes

Good News For Bengaluru’s Bus Users: Soon, BMTC Will Offer Paperless Passes

Bangalore Metropolitan Transport Corporation (BMTC) is planning to phase out paper passes and move towards a pass based on kilometre/destination/time based paperless bus passes, Economic Times has reported.

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L&T Construction bags orders worth Rs 2,357 crore

L&T Construction bags orders worth Rs 2,357 crore

Larsen & Toubro (L&T) on Thursday said its construction arm of has won orders worth Rs 2,357 crore in the domestic market. L&T's water and effluent treatment and transportation infrastructure business

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Indian Railways to build India's first vertical-lift bridge to reconnect Rameswaram with the mainland by train

Indian Railways to build India's first vertical-lift bridge to reconnect Rameswaram with the mainland by train

Indian Railways will build the country's first vertical-lift bridge connecting Rameswaram in Arabian Sea to mainland India that will allow ships and steamers to pass through without any hinderance, replacing the existing 104-year-old

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Delhi Metro partners with Ola, Uber to provide last-mile connectivity

Delhi Metro partners with Ola, Uber to provide last-mile connectivity

A pilot service on booking cars through two major cab aggregators at Delhi Metro stations was launched Wednesday, seeking to further boost last-mile connectivity for commuters, officials said.

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