GOOD EVENING INDIA

February 23, 2019, Saturday

Your Evening News Updates From Across The Media Space

NTPC Ltd inks Rs 2,500 crore loan pact with HDFC Bank

NTPC Ltd inks Rs 2,500 crore loan pact with HDFC Bank

State-run power giant NTPC on Tuesday said it has signed an agreement with HDFC Bank for a Rs 2,500 crore loan to part finance capital expenditure. The loan is extended at an interest rate linked to three-month marginal cost of funds-

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India Power Corp appoints Amit Poddar as CFO

India Power Corp appoints Amit Poddar as CFO

India Power Corporation Ltd Appoints Amit Poddar As Chief Financial Officer Of Co Effective February 5 Read More

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JSPL aims to clear all debt in next 2 years: Naveen Jindal

JSPL aims to clear all debt in next 2 years: Naveen Jindal

Jindal Steel and Power Ltd (JSPL) aims to clear all its debt by 2021-22 before embarking on an expansion plan, its Chairman Naveen Jindal said Tuesday.

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India Considers Prepaid Power as $5.7 Billion of Unpaid Dues Pile-Up

India Considers Prepaid Power as $5.7 Billion of Unpaid Dues Pile-Up

India’s power retailers may need to start paying in advance for their electricity purchase in a bid to ease financial stress at generators. Concerned over delayed payments to generators, the federal power ministry has formed a panel to

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PM Modi discusses climate change, renewable energy with Prince Albert II of Monaco

PM Modi discusses climate change, renewable energy with Prince Albert II of Monaco

Prime Minister Narendra Modi on Tuesday met Prince Albert II, the Head of the State of Monaco who arrived here in India on Monday for a week-long official visit.

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Top three PSU coal miners' capex to rise 15% in FY20

Top three PSU coal miners' capex to rise 15% in FY20

State-owned Coal India, Neyveli Lignite and Singareni Collieries will have a capex of Rs 20,121 crore in 2019-20, 15 per cent more than the previous fiscal, according to the interim budget.

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Ministry of Power Sets Committee to Recommend Solutions for Payment Delays by DISCOMs

Ministry of Power Sets Committee to Recommend Solutions for Payment Delays by DISCOMs

The Ministry of Power (MoP) has constituted a new committee to study and submit its recommendations into the issue of delayed payments by distribution companies (DISCOMS) to power generating companies (GENCOs) and Independent Power Producers (lPPs).

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IL&FS companies to be categorised according to cash flow

IL&FS companies to be categorised according to cash flow

Going by media reports, the National Company Law Appellate Tribunal (NCLAT) has asked the government and Infrastructure Leasing & Financial Services (IL&FS) to provide a list of group companies that have the ability to meet payment obligations over the next one year.

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Finalise Essar Steel resolution by February 11: NCLAT

Finalise Essar Steel resolution by February 11: NCLAT

The Delhi-based National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad bench of National Company Law Tribunal (NCLT) to decide on the resolution plan for Essar Steel on or before February 11.

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GAIL’s net profit up 33 per cent in third quarter

GAIL’s net profit up 33 per cent in third quarter

GAIL India, the country’s largest natural gas processing and distribution company, today reported a 33.20 per cent increase in net profit to Rs 1,681 crore for the third quarter ended December 2018.

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India becomes world's second-largest LPG consumer

India becomes world's second-largest LPG consumer

The government's push to provide clean cooking fuel to every household has turned India into the world's second-largest LPG consumer whose demand is projected to rise 34 per cent by 2025, Oil Secretary M M Kutty said on Tuesday.

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LPG coverage has increased to 90 per cent of country: Pradhan

LPG coverage has increased to 90 per cent of country: Pradhan

The coverage of cooking gas in the country has increased to nearly 90 per cent in the last five years according to Minister for Petroleum and Natural Gas, Dharmendra Pradhan.

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Oil Exports from Venezuela drop sharply against background of US sanctions: Reports

Oil Exports from Venezuela drop sharply against background of US sanctions: Reports

The export of oil from Venezuela has been significantly decreasing against the background of US sanctions on the Venezuelan PDVSA state energy giant as well as the growing political crisis in the country, media reported, citing sources familiar with the matter.

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Petrol, diesel become cheaper on Tuesday. Check rates here

Petrol, diesel become cheaper on Tuesday. Check rates here

Petrol, diesel prices were cut on Tuesday and after today's price revision, petrol became cheaper by 14-16 paise across major cities of the country while diesel became cheaper by 10-11 paise per litre. In the national capital Delhi,

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Subsidy provisions may reignite interest in ONGC, OIL

Subsidy provisions may reignite interest in ONGC, OIL

ET Intelligence Group: ONGC and Oil India might move beyond their sluggish trading ranges after a year because of the significant increase in oil subsidy provisions in the FY20 interim budget.

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Indian Railways special train: Khadi Express, tracing Gandhiji’s life, to begin services in 2 months

Indian Railways special train: Khadi Express, tracing Gandhiji’s life, to begin services in 2 months

Indian Railways special Khadi Express train: Indian Railways dedicates a special train to Mahatma Gandhi! A Khadi Express train tracing the places where Gandhiji had stayed during his struggle for India’s independence will be started in the next two months for passengers.

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Chennai Metro: Despite Last Leg Of Phase-I Nearing Completion, CMRL To Still Operate Two Routes To Airport

Chennai Metro: Despite Last Leg Of Phase-I Nearing Completion, CMRL To Still Operate Two Routes To Airport

Despite the Washermenpet - AG-DMS stretch of phase-1 all set to become operational, the Chennai Metro Rail Limited (CMRL) will continue to operate the direct service that links all major transit hubs from Central

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PM likely to lay foundation of Patna Metro rail

PM likely to lay foundation of Patna Metro rail

Prime Minister Narendar Modi is likely to lay the foundation of the much-awaited Patna Metro Rail next month. "While it is not confirmed by the PMO yet, Modiji is likely to lay the foundation of Patna Metro Rail

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Noida Metro Aqua Line passengers take note! Seamless connectivity soon; Delhi Metro’s Blue Line to be linked

Noida Metro Aqua Line passengers take note! Seamless connectivity soon; Delhi Metro’s Blue Line to be linked

Noida Metro Aqua Line: As the ridership of the newly launched Noida Metro Aqua Line has been dropping since its launch, the Noida Metro Rail Corporation (NMRC) plans to link it to the Delhi Metro’s Blue Line.

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CONCOR signs MOU with Russian Railways Company, JSC RZD Logistics (RZDL)

CONCOR signs MOU with Russian Railways Company, JSC RZD Logistics (RZDL)

CONCOR (Container Corporation of India limited) a Navratna Company under Ministry of Railways and a market leader in multimodal logistics services in India and RZD Logistics (RZDL), a Russian Railways Company

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Road accidents in India could go down by 20%: Nitin Gadkari

Road accidents in India could go down by 20%: Nitin Gadkari

The Motor Vehicles (Amendment) Bill pending nod in the Rajya Sabha could bring about a 20% decline in road accidents from the current 5 lakh a year, opines Road Transport Minister Nitin Gadkari.

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Kerala: Light Metro Projects On The Back Burner, It Seems, As Work Pace Is Slow And Budgetary Allocations Absent

Kerala: Light Metro Projects On The Back Burner, It Seems, As Work Pace Is Slow And Budgetary Allocations Absent

Major proposed infrastructure projects for Kerala such as light metro projects in Thiruvananthapuram and Kozhikode have been reportedly lagging. Adding to the woes, the Kerala budget has not made any allocation for the projects

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