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March 25, 2019, Monday

Your Evening News Updates From Across The Media Space

CCI clears Johnson Controls' power solutions biz acquisition by Brookfield, CDPQ

CCI clears Johnson Controls' power solutions biz acquisition by Brookfield, CDPQ

The Competition Commission of India (CCI) Wednesday said it has approved the USD 13.2-billion deal to acquire global power solutions business of Johnson Controls International by Brookfield and CDPQ.

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Transport of coal: Arbitral tribunal passes over 2,000 cr award in favour of Jindal ITF Ltd

Transport of coal: Arbitral tribunal passes over 2,000 cr award in favour of Jindal ITF Ltd

New Delhi, Feb 20 An arbitral tribunal has passed an award amounting to over Rs 2,000 crore in favour of Jindal ITF Ltd in a case pertaining to transport of coal to Farakka thermal power plant of the state-run power producer NTPC.

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NHPC enters into MoU with NLCIL for offer of surplus power to northern and north-east region

NHPC enters into MoU with NLCIL for offer of surplus power to northern and north-east region

NHPC has signed a Memorandum of Understanding (MoU) with Neyveli Lignite Corporation of India (NLCIL) in the area of Power Trading on 18 February 2019 at Chennai.

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Column: Coal going from winner to loser in India's energy future

Column: Coal going from winner to loser in India's energy future

India’s demand for electricity is expected to double in the next two decades, and coal has been long forecast to be the fuel of choice for power generation.

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Not invited to bid, power firms may sue Coal India

Not invited to bid, power firms may sue Coal India

Kolkata: Power companies that participated in an auction for long-term fuel supply contracts may sue Coal India for holding another round of auction and not allowing them to bid.

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MP: Industrial belts to get over 2,000 power distribution boxes

MP: Industrial belts to get over 2,000 power distribution boxes

Discom is planning to install additional transformers and 2500 distribution boxes in industrial belts housing small scale units.

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Mundra losses may halve on tariff revision: Praveer Sinha, MD & CEO, Tata Power

Mundra losses may halve on tariff revision: Praveer Sinha, MD & CEO, Tata Power

New Delhi: Tata Power’s losses at its 4,000-MW Mundra power unit are likely to halve as the company is close to finalising revised tariff with power distribution companies (discoms).

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Gail India Ltd offers new swap of U.S. LNG volumes - sources

Gail India Ltd offers new swap of U.S. LNG volumes - sources

Gail India has offered a cargo of liquefied natural gas (LNG) loading from the United States on June 27-29 this year, two traders said.

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Saudi Aramco discussing investments in Reliance Industries - CEO

Saudi Aramco discussing investments in Reliance Industries - CEO

Saudi Aramco's Chief Executive Officer Amin Nasser said on Wednesday that the company is in talks with India's Reliance Industries

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Ratnagiri refinery: Aramco CEO says will catch up in case of delay due to location shift

Ratnagiri refinery: Aramco CEO says will catch up in case of delay due to location shift

Saudi state-owned Saudi Aramco remains positive on its investments in India and will be able to catch up on the deadline

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India An Investment Priority For Saudi Aramco: CEO Amin Nasser

India An Investment Priority For Saudi Aramco: CEO Amin Nasser

Saudi Aramco said on Wednesday that investing in India is a priority for the company, and it expects the country's oil demand to rise to 8.2 million barrels per day by 2040.

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Modi's poll math puts at risk $44 billion refinery with Saudis

Modi's poll math puts at risk $44 billion refinery with Saudis

India’s poll politics and Prime Minister Narendra Modi’s ambition to win a second straight term has claimed an unlikely victim.

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Edible oil maker GEF India to set up ₹300-cr refinery in Odisha

Edible oil maker GEF India to set up ₹300-cr refinery in Odisha

Gemini Edibles & Fats India Private Limited (GEF India) proposes to set up a vegetable oil refinery at the Tata Steel Industrial Park, Gopalpur, in Ganjam district of Odisha.

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Saudi Aramco in talks with RIL to increase India investments

Saudi Aramco in talks with RIL to increase India investments

Saudi Aramco is keen on increasing its investments in India, according to Saudi Aramco CEO, Amin Al Nasser.

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Rlys creates special post for safety, to restructure cadre, expand board as cabinet gives nod

Rlys creates special post for safety, to restructure cadre, expand board as cabinet gives nod

The railway ministry has created a director general-level post to ensure more focus on security, along with restructuring and expansion of the railway board.

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India's hyperloop dream takes place in Nevada desert

India's hyperloop dream takes place in Nevada desert

California just decided to sharply scale back its plans for a high-speed rail artery meant to transform travel up and down the state.

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Indian Railways passengers be aware! Don't do this while travelling in train, or strict action will be taken

Indian Railways passengers be aware! Don't do this while travelling in train, or strict action will be taken

The Indian Railways has taken necessary steps to ensure that train journies are hassle-free and efficient.

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Delhi-Meerut Rapid Rail construction to start next month, high-speed train service in 6 years

Delhi-Meerut Rapid Rail construction to start next month, high-speed train service in 6 years

Commuters between Delhi-Ghaziabad-Meerut may enjoy Rapid Rail transport facility in the next six years. Union Cabinet yesterday approved the construction of 82-km

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Stone hurled at Vande Bharat Express, third such incident in two months

Stone hurled at Vande Bharat Express, third such incident in two months

A stone was hurled at the Vande Bharat Express on Wednesday breaking one of its window panes, the third such incident in two months involving India's fastest train, the railways said.

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Govt, NHAI should plan road projects based on a 'corridor approach': Report

Govt, NHAI should plan road projects based on a 'corridor approach': Report

Even as the Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) plan new projects to boost economic activity.

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